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Global Compressed air treatment equipment market in particulate filter to grow a rate of 6.5% by 2022:Global Market Insights Inc.

06-29-2017 09:26 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Global Compressed air treatment equipment market

Compressed air treatment equipment market is expanding its business space globally owing to its ability to improve efficiency, minimize loss of production and improve manufacturing processes. A larger percentage of manufactures adopting equipment installation to meet air quality standards of their targeted applications will create huge scope for the global compressed air treatment equipment industry. According to Global Market Insights, Inc., “Compressed air treatment equipment market share is expected to register a CAGR of 6% over the period of 2015-2022”. Increasing demand for purified air will significantly boost the industry trends over the coming timeframe.

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Clean and dry air is highly essential for performance of machines which can be maintained through filters, after coolers and dryers. The filter market will expand vastly over the industry as air decontamination will improve efficiency of the machines, which in turn will drive the global compressed air treatment equipment market. The particulate filter is projected to grow a rate of 6.5% by 2022, owing to increasing installation in bulk liquid parting applications. After cooler market is estimated to reach USD 1.6 billion over several upcoming years.

Dryers market dominated the products landscape accounting for 40% of the compressed air treatment equipment market share in 2014 and is projected to witness considerable gains over the coming years, mainly driven by its increasing demand across chemical, pharmaceutical and food industries over the globe.

Asia Pacific compressed air treatment equipment market is expected to witness a significant surge over the coming years. Rising industrial development with growth impending from China and India will continue to propel the regional demand.

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Expansion of the industrial and manufacturing services in North America will contribute towards favorable growth opportunities for the compressed air treatment equipment market. North America compressed air treatment equipment industry is projected to surpass USD 3 billion in the coming five years.

The market is consolidated with key players contributing towards over 60% of the overall industry share. Key industry participants include Kaeser Compressors, Gardner Denver, Ingersoll-Rand, Parker Hannifin Corporation and Atlas Copco.

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
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