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Compressed Air Treatment Equipment Market Demand Analysis to 2024 by Regional Players: Ingersoll Rand, MANN+HUMMEL Group, Parker Hannifin, Donaldson, Gardner Denver

01-10-2020 03:05 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Compressed Air Treatment Equipment Market

Compressed Air Treatment Equipment Market

Compressed Air Treatment Equipment Market research report is added by Global Market Insights by covering all major market aspects. The report also touches the key scenarios like top players, competition, types, applications, regions, recent developments and future market predictions.

Rapidly developing industrialization and increasing importance on the product quality are the crucial factors for the compressed air treatment equipment market growth for plant air application segment. The products are often recommended to supply clean dry air for operations so as to prevent damage to the supply lines, pipes, and fittings due to dirt, moisture, or oil. These contaminants may result in a high drop of pressure, leading to an undesirable energy loss in air compression along with reduction in the operational efficiency at the point of use. Compressed air treatment equipment industry will likely surpass USD 11 billion by 2024; according to a new research report.

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The chemical industry expansion in Latin America and MEA regions will be the key factor for compressed air treatment equipment market growth in future. Compressed air industry scope includes fermentation and aeration, air separation in pressure swing adsorption (PSA) plants, etc. Compressed air is also used in pneumatic transport and control systems of chemicals inside the plants. Developing areas such as Argentina, Brazil and Mexico have witnessed tremendous industrial growth since the last two decades and will witness significant product demand in the forecast timespan. Additionally, rapid improvements in pharmaceutical sector in Asia Pacific will boost the compressed air treatment equipment market over forecast spell.

Growing automation of the food and beverage industry and rising demand for packed food and snacks around the globe will increase the dependence on clean and food standard compressed air for activities such as vacuum generation, cleaning, bottle dehydration, spray coating, etc., hence enhancing the compressed air treatment equipment market growth throughout the forecast span. Rising industrial development in emerging countries like China and India will have a significant influence on the global compressed air treatment equipment industry. Incessant requirement of clean and moisture-free compressed air to ensure the prolonged life of the costly machineries involved in manufacturing will boost the product demand in coming years.

Compressed Air Treatment Equipment Market by Application:
• Plant air/shop air
• Instrument air
• Process air
• Breathing air

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End-user segments includes food and beverages, automotive, steel, aerospace, healthcare, chemical, electronics, chemical and industrial. Food and beverage section will register over USD 1 billion in 2024 due to the distinctive uses of compressed air in the food and beverage industry including product handling, transportation across the production line, food filling machines, in fluid pumps, etc.

Manufactures present in the compressed air treatment equipment market include Beko Technologies, Omega Air, Emerson Climate Technologies, Friulair, Omega Air, Pentair, Walker Filtration, CompAir, Seneca Companies, and many more.

The high initial purchase costs, operational costs, and repair costs associated with compressed air treatment equipment may hamper the market growth by 2024. Compressed air is the least energy-efficient industrial system offering only 9% efficiency. This leads to a high operational cost of compressors.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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