Compressed Air Treatment Equipment Market is expected to reach USD 11.2 billion by 2025
NEW YORK, May 30, 2017 /PRNewswire/ -- Highlights
· The global compressed air treatment equipment market is expected to reach USD 11.2 billion by 2025, according to a new report by Grand View Research, Inc.
· Ambient air usually contains contaminants that are drawn into the compressor and pose the chance of contaminating compressed air.
· This subsequently makes the implementation of compressed air treatment equipment crucial.
· The global compressed air treatment equipment market is expected to witness a growth at a CAGR exceeding 6% from 2017 to 2025, which is primarily ascribed to criticality of treated compressed air in several manufacturing facilities.
· Dryers emerged as the largest product category in 2016, and is mainly driven by an increased demand for refrigerated air dryers owing to their ability to provide dependable drying at an ambient temperature and ensuring efficient performance through a low maintenance design.
· The demand for compressed air treatment equipment in the food & beverage sector was the highest in 2016, a trend expected to continue over the next nine years, primarily owing to the need to adhere to strict hygiene restrictions that govern the industry.
· Asia Pacific accounted for close to 30% of the overall revenue share in 2016 and is expected to dominate the market over the next few years.
The global compressed air treatment equipment market is expected to reach USD 11.2 billion by 2025, according to a new report by Grand View Research, Inc.
Ambient air usually contains contaminants that are drawn into the compressor and pose the chance of contaminating compressed air. This subsequently makes the implementation of compressed air treatment equipment crucial. Furthermore, there are other sources through which contaminants are introduced into the compressed air stream that mainly include piping, receiver tank, and other installed components. All these factors are expected to drive the compressed air treatment equipment market growth over the forecast period.
A compressed air network is fundamental in any manufacturing facility and is often referred to as the fourth utility, with more than 85% of the companies using compressed air in some aspect of their operations. In most of the manufacturing facilities today, compressed air is often of paramount importance to any manufacturing process, regardless of whether it is used for automating the process or if it comes in direct contact with the product. Furthermore, the quality of air produced and the cost associated with producing this powerful utility is of great significance to any manufacturer. This is the primary reason expected to drive the growth of the compressed air treatment equipment market over the next nine years.
Further key findings from the report suggest:
The global compressed air treatment equipment market is expected to witness a growth at a CAGR exceeding 6% from 2017 to 2025, which is primarily ascribed to criticality of treated compressed air in several manufacturing facilities.
Dryers emerged as the largest product category in 2016, and is mainly driven by an increased demand for refrigerated air dryers owing to their ability to provide dependable drying at an ambient temperature and ensuring efficient performance through a low maintenance design.
The demand for compressed air treatment equipment in the food & beverage sector was the highest in 2016, a trend expected to continue over the next nine years, primarily owing to the need to adhere to strict hygiene restrictions that govern the industry.
Asia Pacific accounted for close to 30% of the overall revenue share in 2016 and is expected to dominate the market over the next few years.
Read the full report: http://www.reportlinker.com/p04899220/Compressed-Air-Treatment-Equipment-Market-Analysis-By-Product-Filters-Dryers-Aftercoolers-By-End-use-Chemical-Paper-Food-Beverages-Healthcare-By-Region-And-Segment-Forecasts.html
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