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Compressed Air Treatment Equipment Market Growth Analysis to 2026 | Gardner Denver, Sullair LLC, Quincy Compressor, Atlas Copco, Ingersoll Rand

06-12-2020 09:10 PM CET | Industry, Real Estate & Construction

Press release from: DEC Research

Compressed Air Treatment Equipment Market

Compressed Air Treatment Equipment Market

The Latin America Compressed Air Treatment Equipment 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.

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.

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.

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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 Treatment Equipment Market Growth Drivers: -
1. Rising demand from healthcare sector
2. Increasing usage of compressed air in manufacturing sector
3. Industrial development in Asia Pacific to play a crucial role
4. Increased efficiency by improved equipment lifecycle

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.

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Compressed Air Treatment Equipment Market, by Application: -
1. Plant air/shop air
2. Instrument air
3. Process air
4. Breathing air

Based on sector, the compressed air treatment equipment 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.

Based on the product, the compressed air treatment equipment 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.

Major players operating in the compressed air treatment equipment market include: -
Sullair, LLC, Quincy Compressor, Atlas Copco, Kaeser Kompressoren SE, Sullivan-Palatek, Inc., Ingersoll-Rand plc, Emerson Climate Technologies, Aerzener Maschinenfabrik GmbH, Gardner Denver, Inc., Donaldson Company

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.

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DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.

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