Compressed Air Treatment Equipment Market Size to touch US$ 10.8 Billion by 2025 at a CAGR of 6%
Noida, Uttar Pradesh, India, February 18 2021 (Wiredrelease) Report Ocean Pvt Ltd –:The growing prevalence of chronic diseases, such as cardiovascular diseases, asthma, cancer, diabetes, and other respiratory diseases, has expressively driven the global market’s healthcare industry. Moreover, The growing number of US FDA safety regulations and the rising geriatric population further drive market growth. Hospitals and other emergency centres heavily rely on compressed air, as it is vital for many critical end-uses, such as any issue with the delivery or quality of compressed air can risk the patient’s health and safety. Such factors increase the need for mandatory compliance coupled with various statutory requirements that make compressed air systems indispensable. Driven by these promising developments, the Global Compressed Air Treatment Equipment Market is estimated to see healthy growth, pegged at a CAGR of ~6% during the forecast period 2020-2025.
A well-running compressed air system requires clean air, which is crucial for industrial equipment’s proper functioning. However, the compressor contains particles from the surrounding atmosphere and contaminants from the compressor itself. These contaminants cause damage to the end-use equipment reducing their lifespan. Therefore, the quality of compressed air is of paramount importance in several end-use applications. This is expected to propel the market growth over the forecast years.
These treatment solutions improve the end-use machinery performance and reliability while lowering the CO2 emissions, energy consumption, and operational costs to deliver maximum manufacturing uptime. This has led to increased product adoption in several end-use industries, such as automotive, chemical, aerospace & defence, and food & beverages. The unprocessed compressed air contains many harmful contaminants that must be removed or reduced to acceptable standards to provide safe and cost-effective production facilities in the food & beverage industry. However, the high compressed air treatment equipment is expected to hamper product consumption during the forecast period. Moreover, compressed air treatment equipment has emerged as one of the least energy-efficient products, leading to increased operational costs and may lower the growth rate across developing countries, especially in the Asian countries.
Segmentation Overview of the Global Compressed Air Treatment Equipment Market
The global market of compressed air treatment equipment has been segmented into Product and End-Use. These major market segments are further categorized into various sub-segments to study the market in detail.
By Product Outlook
Filters (Particulate Filters/Pre-filters, Coalescing Filter/Oil Removal, Adsorber Filter/Oil Vapor Removal, Filtered Centrifugal Separator, High Temperature After-filters, Moisture Separators)
Dryers (Refrigerated, Desiccant, Membrane, Deliquescent)
By End Use Outlook (Chemical, Paper, Food & Beverage, Pharmaceuticals, Healthcare, Others)
Key Players Insights
Chicago Pneumatic, MTA S.p.A., Alpha-Pure Corporation, Airfilter Engineering, Atlas Copco, Great Lakes, SPX Flow, Omega Air, Elgi Compressors USA, Inc., Aerzener Maschinenfabrik GmbH, Beko Technologies Corp., Emerson Climate Technologies, Inc., CompAir Holdings ltd., Boge Compressors, and Donaldson Company, Inc., among others, are some significant players included in the research study of the global compressed air treatment equipment market. The companies are focused to invest in the new products to efficiently meet the industry standards and government compliances to reduce the risk of compressed air treatment equipment rejection from its commercialization.
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