Global Compressed Air Treatment Equipment Market – After coolers were valued over USD 870 million in 2013,and it is likely to be valued at USD 1,391.9 million by 2020. In highly equipped facility such as production unit, compressed air plays a crucial role. Activities namely spray coating, valve operation, and vacuum, packing and cleaning need sterile compressed air. Clean and dry air aids in reduction of operational cost. In addition, it also facilitates in maintaining efficient as well as cost effective production. Industries such as food & beverages and pharmaceuticals are expected to fuel the industry demand owing to requirement of contaminant free air. Escalating need from industries such as food, healthcare & pharmaceutical and electronics & semiconductor are likely to propel the compressed air treatment equipment market demand.
These equipments help in avoiding contaminants such as oil, dirt, moisture or water and thus protects air system. Furthermore, absence of these filters in compressed air systems ultimately leads to inefficient production processes, damaged, spoiled or reworked products, reduced production efficiency, and increased manufacturing costs. This equipment helps in reducing the risk of loss of production and ensures reliable aspects of operating a pressurized system. It also exhibit high impacts in improving manufacturing processes reduce plant noise and energy optimization.
Production of high air quality requires additional air treatment equipment which makes the overall system expensive. High initial capital investment involved in installation of such equipment is estimated to hamper the industry growth. Growing demand of this equipment in industries sector requiring clean, oil-free, dry and sterile compresded air is projected to furnish significant growth opportunities.
“Technology” Related Research Reports by Hexa Research:
Surface Mining Equipment Market:
http://www.hexaresearch.com/research-report/surface-mining-equipment-market/
Connected Cars Market:
http://www.hexaresearch.com/research-report/connected-cars-market/
3D Scanning Market:
http://www.hexaresearch.com/research-report/3d-scanning-industry/
Air Traffic Control (ATC) Equipment Market:
http://www.hexaresearch.com/research-report/air-traffic-control-equipment-market/
Product Overview
Dryers accounted for over 40% of the overall market share in 2013. It is estimated to dominate the industry owing to increasing demand in food, pharmaceutical and chemical industries. It is likely to reach USD 3,530 million by 2020. Filters are expected to witness highest growth in the industry. Particulate filters were valued at USD 362.4 million in 2013. It is forecast to grow at a CAGR of over 6% from 2014 to 2020 owing to its increasing usage in bulk liquid separation applications.
Application Overview
Breathing air was valued at USD 1,740 million in 2013. It is expected to grow at a CAGR of over 7% during the next few years due to flourishing applications in diving as well as hospitals. Instrument air application accounted for 20.11% of the overall compressed air treatment equipment market share in 2013. It is likely to reach USD 1,760 million by 2020. The growth can be attributed to its property of separating water and dust particles that might cause serious quality issues.
Regional Overview
North America compressed air treatment equipment market accounted for 35% of the overall industry in 2013. It is anticipated to dominate the industry. It is expected to be valued over USD 3,000 million by 2020 owing to the presence of a large number of manufacturing facilities in the region.
Asia Pacific compressed air treatment equipment market is estimated to record highest growth rate and is projected to be valued over USD 2,800 million by 2020. The surge in demand can be addressed to rapid industrialization and urbanization.
About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Media Contact
Company Name: Hexa Research
Contact Person: Michelle Thoras and Ryan Shaw
Email: sales@hexaresearch.com
Phone: +1-800-489-3075
Address:Felton Office Plaza, 6265 Highway 9
City: Felton
State: California
Country: United States
Website: http://www.hexaresearch.com/research-report/compressed-air-treatment-equipment-market/