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Europe Compressed Air Treatment Equipment Market 2019 Trends, Size, Segments and Industry Growth by Forecast to 2024
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Developments in the food & beverage industry would significantly augment the growth in the Europe compressed air treatment equipment market. This is owing to the usage of the product to remove impurities from the air. Food & beverage industry requires high quality air for a wide range of applications such as packaging, cleaning, etc. The revenue generated in the food & beverage industry in Europe was around USD 33 billion in 2018 which is likely to increase to USD 46 billion by 2023. This industry would attain a growth rate of 8% in the coming years. The major growth in this industry is contributed by rising population, economic development and improving per capita income. Increasing demand for food & beverages will in turn augment the growth in the Europe compressed air treatment equipment market.
Dryers occupied the second largest share in the Europe compressed air treatment equipment market due to its extensive usage in various end-user industries. Refrigerated dryers offer compressed air that is suitable for various industrial plants due to its low operating and maintenance cost. Desiccant dryers are used to absorb water vapor from the high-pressure air stream. Although, they can achieve a low dew point, the product is associated with high initial cost.
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Plant air application segment is likely to grow at an annual growth rate of about 5% in the Europe compressed air treatment equipment market. Increasing stringent regulations in this region regarding air quality would increase the demand for compressed air treatment equipment in Europe. Clean, dry and contamination free compressed air in manufacturing plants helps in minimizing operational cost making the manufacturing process more efficient.
Electronics industry in Europe compressed air treatment equipment market is likely to generate a revenue of more than USD 300 million by the end of the study period. This is due to its increasing usage in the manufacturing process of semiconductors and electronic components. As the demand for contaminant free air in this industry has been rising, using these products will help in maintaining the quality of air. Semiconductor sales in Europe increased from USD 2.7 billion in January 2012 to USD 3.4 billion in January 2019. Such rising trend in the semiconductor industry would increase the requirement for compressed air treatment equipment in the coming years.
Key manufacturers in the Europe compressed air treatment equipment market includes Airfilter Engineering, Atlas Copco, Aerzener Maschinenfabrik GmbH, Beko Technologies Corp, Emerson Climate Technologies, Inc, etc.
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Europe compressed air treatment equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Segments Covered in this Report:
Europe Compressed Air Treatment Equipment Market Share, by Product
Filter
Particulate filter/pre-filter
Coalescing filter/oil removal
Adsorber filter/oil vapor removal
Filtered centrifugal separator
High temperature after filters
Moisture separators
Dryers
Particulate filter/pre-filter
Coalescing filter/oil removal
Adsorber filter/oil vapor removal
Filtered centrifugal separator
High temperature after filters
Moisture separators
Aftercoolers
Others
Europe Compressed Air Treatment Equipment Market Size, by Application
Plant air/shop air
Instrument air
Process air
Breathing air
Europe Compressed Air Treatment Equipment Market Value, by End-user
Chemical
Paper
Food & beverage
Healthcare
Automotive
Industrial
Steel
Construction
Aerospace
Electronics
Others
Browse key industry insights from this Report @ https://www.graphicalresearch.com/industry-insights/1230/europe-compressed-air-treatment-equipment-market
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Parikhit B.
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Graphical Research
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