20 March 2019, The Global Compressed
Air Treatment Equipment Market size is projected to grow at a healthy
CAGR of 6.3 % during the forecast period (from 2016 to 2024). It may surpass
USD 11 billion by 2024. Surging demand for compressed air treatment systems
across various applications is projected to drive the market. Compressed air
treatment systems are utilized by a number of companies globally. This in turn
has increased the number of air treatment equipment installations worldwide.
The need for such installations arises from the strict implementation of air
quality standards in the target application areas. This could boost the global
market in the forthcoming years.
A number of regulatory standards and
mandates have been created to support the production & use of clean air.
Industry trends suggest that this could contribute significantly to global
demand. However, the uninterrupted supply of compressed air production
facilities calls for regular maintenance. Equipments for compressed air
treatment are generally quite expensive. Furthermore, their energy consumption is
also very high. These are a few factors that may hinder the demand for
compressed air treatment equipment in the years to come. However, technological
advancements and the popularity of energy efficient equipment across numerous
applications can create avenues for further growth.
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Compressed Air Treatment Equipment |
The global Compressed Air Treatment
Equipment Market is divided into applications, products, and regions. The
product segment includes dryers, filters, aftercoolers, and others. Different
kinds of dryers include deliquescent dryers, desiccant air dryers, refrigerated
dryers, and membrane dryers. Moisture separators, particulate
filter/pre-filter, adsorber filter/oil vapor removal, coalescing filter/oil
removal, high-temperature afterfilters, and filtered centrifugal separator are
the various kinds of filters that are commonly used in the industry.
Dryers are
expected to dominate the product segment during the forecast period. They are
an essential part of any air compressor equipment since they effectively remove
moisture & water droplets present in the system. The adsorber filters
segment may also witness significant growth from 2016 to 2024. This owes to the
ability of these filters to easily siphon any gases or chemicals present in the
compressed air.
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As per
applications, the Compressed Air Treatment Equipment Market is segmented into
process air, plant air, breathing air, and instrument air. The demand for
process air is likely to remain strong throughout the forecast period. Its key
end users are food & beverages and pharmaceutical industries that need dry,
oil-free, and sterile air. Medical compressed air is applied extensively in the
healthcare sector in areas, such as assisted respiration. Hence, demand from
the breathing air application segment could propel the global Compressed Air
Treatment Equipment Market in the near future.
Based on
regions, the global industry was dominated by North America in 2013. The
presence of a large number of manufacturing facilities in the region
(especially the U.S.) can spur regional growth from 2016 to 2024. Asia Pacific
is poised to be the second largest market, on account of rapid
industrialization and focus on energy efficiency.
Prominent
players in the Compressed Air Treatment Equipment Market are Parker Hannifin
Manufacturing Ltd.; Donaldson Company Inc.; Gardner Denver Inc.; Atlas Copco
Corp.; Van Air Inc.; and Kaeser Compressors. The development of cost-effective
& technically advanced compressed air treatment systems is a key
determinant of market success for these companies.
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