Compressed Air Treatment Equipment Market in dyers industry to reach $4bn by 2022

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Compressed Air Treatment Equipment Market share
to reach 9.8bn by 2022 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of Compressed Air Treatment
Equipment Market

• Compressed air treatment equipment market size is
  forecast to register significant growth and
  surpass USD 9.8 billion at a growing CAGR of more
  than 6 from 2015 to 2022. Escalating demand from
  various application areas is poised to spur
  growth in the near future.
• Compressed air systems are widely adopted by the
  majority of manufacturers globally including
  electronics and semiconductors, healthcare and
  pharmaceutical, food and beverages, etc. This is
  likely to further the market demand.
• This equipment is mostly used in manufacturing
  sectors for numerous tasks involved like vacuum,
  valve operation, cleaning, spray coating and
  packing. This necessitates treatment equipment
  system to meet air quality standards appropriate
  for the target applications. Clean and dry air
  helps in lowering operational cost and efficient
  production activity. Hygiene and safety are prime
  concerns in food and medical industry.
  Proliferation of this system in both these
  sectors is likely to impel the demand growth.

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Continued

• The system inhibits problems due to contaminants
  like oil, dirt, moisture or water that can result
  into damage to the production equipment like air
  tools, air motors, cylinders and valves. In
  addition to this, absence of these filters might
  lead to damage, decline in production capability,
  spoiled products, etc. the system also aids in
  lowering pressure drop and resultant energy.
• The installation of this system involves high
  capital investment. Moreover, the system consumes
  considerable amount of energy and needs regular
  maintenance. This is likely to hamper the market
  growth. The technology advancement and advent of
  more energy efficient equipment across various
  applications is likely to open new avenues for
  market growth.
• Breathing air application sector with its
  affluent applications is poised to witness latent
  opportunities in the near future owing to surge
  in diving and medical sectors. Several standards
  and regulations formulated to promote production
  and use of clean air are anticipated to influence
  the industry growth positively.

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Asia Pacific compressed air treatment equipment
market size, by application, 2012-2022 (USD
Million)

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Air Treatment Equipment Market_at_
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Continued.

• Dryers market size is projected to hit USD 4
  billion during the forecast period. Filters
  market is expected to grow with maximum gains in
  the industry. Particulate filter is poised to
  witness growth at a CAGR of over 6.5 in the near
  future.
• North America market is expected to continue
  growth over the projected period. Asia Pacific
  compressed air treatment equipment market,
  especially in India and China is predicted to
  register highest gains.
• Fairly consolidated Compressed air treatment
  equipment market is topped by five industry
  players. Atlas Copco, Parker Hannifin
  Corporation, Gardner Denver, Ingersoll-Rand and
  Kaeser Compressors are the major players in the
  industry.

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