Compressed Air Treatment Equipment Market Forecast to 2024 - Food and Beverage Sector is Expected to Witness a y-o-y Growth of 6.5%

As one of the most rapidly growing economies across the world, Asia Pacific witnesses a strong command in the global compressed air treatment equipment industry, primarily due to the rapid industrial expansion across the region. Considering the strong pipeline of industrial projects spanning across countries like China, Indonesia, Japan, the demand for compressed air treatment equipment market is sure to escalate in the coming years. Over 75% of all kinds of industrial applications require compressed air in their operation cycle.

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Endorsed with a diversified application portfolio coupled with a strong regulatory framework, compressed air treatment equipment market is forecast to witness remarkable proceeds in the ensuing years. Not to mention, the growing focus on pneumatic engineering and automation will further enhance the product penetration, given the fact that even the slightest trace of contaminants in these tools would result in huge loss. All in all, driven by the sustainability and energy conservation trends, compressed air treatment equipment industry is overt to carve out a highly lucrative roadmap in the coming years, with a target market share of USD 11 billion by 2024.

Popularly known as the 4th utility, statistics depict that almost 90% of food companies incorporate compressed air in their operations in some way or the other. In this regard, it should be noted that untreated compressed air contains potentially harmful contaminants which if not processed or reduced to acceptable levels can prove to be health-hazardous for human. In a bid to address the escalating requirement, various innovative treatment techniques are continuously being implemented, which by extension is fueling compressed air treatment equipment market share.

Boasting a widespread end-use landscape encompassing food and beverage, chemical, and electronics sectors, compressed air treatment equipment market is expected to carve a lucrative roadmap in the years ahead. In today's automated production facilities, the deployment of compressed air supply has become pivotal, a factor that can predominantly be credited for the upscaling of compressed air treatment equipment industry demand.

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Some of the worldwide standards for food grade compressed air that have a perpetual impact on compressed air treatment equipment market outlook is listed below:

o The European Parliament and Council under regulation EC 852/2004 deals with certain standards on food hygiene that needs to be complied with.

o Generally, hygiene legislations require food manufacturers to initiate written FSMS (food safety management systems) based on HACCP principles (Hazard Analysis Critical Control Point). Since compressed air supply is closely linked to food industry, the aforementioned fact is a vital pointer that should be taken into consideration by compressed air treatment equipment market players.

o In this regard, many companies are also adopting ISO standard ISO22000:2005 to fully endorse the principles of HACCP system. The ISO standard further claims that hazard analysis is the key to effective food safety management. This is sure to reflect in compressed air treatment equipment market share from food and beverage sector, which is expected to witness a y-o-y growth of 6.5% over 2017-2024

Key brands in the entire compressed air treatment equipment market are CompAir, Atlas Copco, Chicago Pneumatic, Kaeser Kompressoren, Ingersoll-Rand, Walker Filtration, Sullivan-Palatek, Seneca Companies, Precision Filtration Products, Norgren, Friulair, Bauer Compressors, Gardner Denver, Donaldson Company, Emerson Climate Technologies, Beko Technologies, Omega Air, and Pentair to name a few.

Partial Chapter of the Table of Content

Chapter 2. Executive Summary
2.1. Compressed air treatment equipment market 360? synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. End-user trends
2.1.5. Regional trends

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Chapter 3. Compressed Air Treatment Equipment Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Vendor matrix
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.2. Industry pitfalls & challenges
3.5. Technology landscape
3.6. Raw material analysis
3.7. Regulatory landscape
3.7.1. U.S.
3.7.2. Europe
3.7.3. China
3.8. Cost structure analysis
3.9. Innovation & sustainability
3.10. Growth potential analysis
3.11. Porter's analysis
3.12. Company market share, 2016
3.12.1. Strategic dashboard
3.13. PESTEL analysis

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