Description
Global
compressed air treatment equipment market is projected to reach USD 8.59
billion by 2020, as per a new research report by Radiant Insights, Inc. Growing
implementation of this equipment in various industry sectors such as healthcare
& pharmaceutical, food & beverages and electronics & semiconductor
is anticipated to fuel market demand. This equipment is majorly used in
manufacturing sector for several tasks such as vacuum, valve operation,
packing, spray coating and cleaning
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Dryers
were valued at USD 2,407.7 million in 2013. It is estimated to hold majority of
the industry share by 2020. The spur can be attributed to higher product price
coupled with growing need across numerous application areas. Filters were
valued at USD 1,871.0 million in 2013. Particulate filters are likely to reach
USD 555.5 million 2020 owing to growing significance for bulk liquid separation
as well as to remove solid particle contaminants down to 5 microns.
Use
of clean and dry air helps in reducing operational cost and carries out cost
effective and efficient production activity. Compressed air treatment equipment
is widely used in food industry owing to hygiene as well as safety concerns.
Proliferating use of this equipment in medical sector is likely to drive
industry demand. It prevents harms caused by contaminants such as oil, dirt,
moisture or water that causes damage to the production equipment such as air
tools, air motors, valves, cylinders and corrosion.
In
addition, absence of these filters cause reduction in production activity and
might lead to damaged, spoiled or reworked products accompanied by increased
manufacturing cost. It also aids in reducing pressure drop as well as resultant
energy. Huge capital investment involved in installation of this equipment is
likely to pose a challenge to industry growth. Flourishing application of this
filter in breathing air applications is anticipated to provide potential
opportunities to the compressed air treatment equipment market.
Key report insights suggest:
• Global compressed air treatment
equipment market was sized at USD 5.56 billion in 2013 and it is expected to be
valued at USD 8.59 billion by 2020 growing at over 6% from 2014 to 2020.
• North America held major market
share in 2013. It is anticipated to grow at a CAGR of 6.3% from 2014 to 2020.
The surge can be addressed to large number of production units in the region.
Asia Pacific was valued at USD 1,791.4 million in 2013. It is expected to
account for 33.52% of the overall industry share by 2020 owing to growing
industrialization.
• Breathing air application accounted
for 31.29% of the overall industry share in 2013 and is likely to grow at a
CAGR of 7.1% over the forecast period. Instrument air application is projected
to reach USD 1,768.7 million owing to its ability of separating water as well
as dust particulates.
• The compressed air treatment
equipment industry is concentrated and encapsulates top five industry
participants accumulating major industry share. Atlas Copco dominated the
overall market in 2013. Key industry participants include Kaeser Compressors,
Parker Hannifin Corporation, Ingersoll-Rand and Gardner Denver among others.
For
the purpose of this study, Radiant Insights has segmented the compressed air
treatment equipment market on the basis of product, application and region:
Global Compressed Air Treatment Equipment
Product Overview (Revenue, USD Million, 2012 - 2020)
• Filters
- Particulate
filter/pre-filter
- Coalescing
filter/oil removal
- Adsorber
filter/oil vapor removal
- Filtered
centrifugal separator
- High
temperature afterfilters
- Moisture
separators
• Dryers
- Refrigerated
dryers
- Desiccant
air dryers
- Membrane
dryers
- Deliquescent
dryers
• Aftercoolers
Global Compressed Air Treatment Equipment
Application Overview (Revenue, USD Million, 2012 - 2020)
• Plant air/shop Air
• Instrument Air
• Process Air
• Breathing Ai
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Global Compressed Air Treatment Equipment
Regional Overview (Revenue, USD Million, 2012 - 2020)
• North America
- U.S.
- Mexico
• Europe
- Germany
-
U.K
• Asia Pacific
- China
- India
- Japan
• RoW
- Brazil
About Us
Radiant
Insights is a market research and consulting company offering syndicated
research studies, customized reports, and consulting services. Our market
research studies are designed to facilitate strategic decision-making, based on
extensive and in-depth quantitative information, supported by extensive
analysis and industry insights. Using a patented and robust research
methodology, we publish exhaustive research reports covering a host of
industries such as Technology, Chemicals, Materials, and Energy. Radiant
Insights has a strong base of analysts, consultants and domain experts, with
global experience helping us deliver excellence in all research projects we
undertake
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