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