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Compressed Air Treatment Equipment Market Size, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2026
Market Study Report Provides A Detailed Overview Of Compressed Air Treatment Equipment Market With Respect To The Pivotal Drivers Influencing The Revenue Graph Of This Business Sphere. The Current Trends Of Compressed Air Treatment Equipment Market In Conjunction With The Geographical Landscape, Demand Spectrum, Remuneration Scale, And Growth Graph Of This Vertical Have Also Been Included In This Report.Compressed air treatment equipment market is set to experience a remunerative period of growth over the forthcoming timeframe owing to the increasing demand for the product from food & beverage, healthcare, construction, and automotive industries.
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Compressed air treatment is a method that dehumidifies as well as cleans the air prior to it entering the air compressor. The process involves the use of an air filter and air dryer. An efficient compressed air treatment system generally lessens the dew point of the air and takes out particles that may negatively affect the air compressor.
Compressed air is an exceptional medium for storing as well as transmitting energy. It is versatile, flexible and safe in comparison to other methods. It is easier to use in remote locations such as mines and construction sites.
The compressed air treatment equipment market is segmented in terms of product, application, sector, and regional landscape.
Based on the product, the market is divided into filters, dryers, aftercoolers, and others. Among these, the aftercoolers product category will surpass $2 billion by 2026. The rising popularity of aftercoolers for providing an easy, economical, and effective way to provide contamination-free compressed air will positively influence the growth of this segment.
Commonly used aftercoolers utilize cool water or much more cooler ambient air to remove the heat, which is also useful in eliminating moisture from compressed air. Aftercoolers generally remove moisture or water vapor in compressed air systems by cooling the air underneath its dew point, thereby causing water vapor to condense into liquid form.
With respect to application, the market is classified into process air, breathing air, instrument air, and plant air/shop air. Among these, the breathing air application segment is set to witness the highest growth rate and will become the largest application segment by 2026. Compressed air for breathing air applications should be purified properly to ensure that it meets the necessary local breathing air standards.
Existing standards in different countries determine the level of protection required for workers who are exposed to hazardous environments. Like the use of breathing masks or hoods. The compressed air sent to these devices should meet the quality criteria for breathing air, as defined by OSHA in the U.S. and CSA in Canada. These standards define acceptable levels of nitrogen, carbon monoxide, oxygen, carbon dioxide, moisture, and other trace gases.
Based on sector, the market is bifurcated into paper, chemical, healthcare, industrial, food & beverage, construction, electronics, steel, automotive, aerospace, and others. Among these, the electronics sector will be the fastest-growing segment, driven by the developments in semiconductor manufacturing technologies and positive trends of consumer gadget sectors. This segment is likely to record a CAGR of close to 7% between 2020 to 2026.
From a regional frame of reference, the Latin America market is likely to exceed $620 million by 2026. Expansion of the manufacturing sector owing to cost-effective labor, and easy availability of raw materials among others will drive the product consumption in the region.
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Report Content
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.1.4.1. Definitions
1.1.4.2. Forecast parameters
1.2. Data sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Compressed Air Treatment Equipment industry 360 degree synopsis, 2016 - 2026
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. Sector trends
2.1.5. Regional trends
Chapter 3. Compressed Air Treatment Equipment Industry Insights
3.1. Industry segmentation
3.2. Industry size & forecast, 2016 - 2026
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Industry impact forces
3.4.1. Growth drivers
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