DUBLIN, May 13, 2022--(BUSINESS WIRE)--The "Compressed Air Treatment Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global compressed air treatment equipment market reached a value of US$ 8.26 billion in 2021. Looking forward, the market is projected to reach a value of US$ 12.05 billion by 2027, exhibiting a CAGR of 6.30% during 2022-2027.
BOGE KOMPRESSOREN Otto Boge GmbH & Co. KG
Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.
Compressed air treatment equipment is a mechanical device that is used to dehumidify and clean air before entering the compressor. It involves the use of particulate, moisture, coalescing, high-temperature after-filter, moisture separator, refrigerated, deliquescent, membrane and desiccant air dryer.
The equipment assists in lowering the dew point of the air and removing particles that may negatively impact the air compressor. It is widely used in robotic arms, conveyor systems, paint sprays, nitrogen generation, jackhammers, drills and drying. Compressed air treatment equipment is compact, lightweight and assists in improving operations, maintaining productivity, and reducing rust and corrosion. Consequently, it finds extensive applications across food and beverage (F&B), aerospace, automotive, manufacturing, pharmaceuticals, power generation and medical industries.
The increasing prevalence of various chronic diseases, such as cardiovascular diseases, especially amongst the rising geriatric population is creating a positive outlook for the market growth. Compressed air treatment equipment is widely used in respiratory support devices, including oxygen generators, atomizers, and life-support machines. Apart from this, the increasing demand for highly purified compressed air in the pharmaceutical industry for material handling, product drying, tablet coating and nitrogen generation is favoring the market growth.
Moreover, rapid technological advancements, such as the introduction of environment-friendly compressors that provide stability and ensure clean and dry air quality, are providing a considerable boost to the market growth. Additionally, the increasing product utilization in the F&B industry for air cleaning containers before product packaging and filling is positively impacting the market growth. Other factors, including rising industrialization, particularly in emerging economies, along with the increasing research and development (R&D) activities to launch novel air compressors, are anticipated to drive the market further toward growth.
Key Questions Answered in This Report
How has the global compressed air treatment equipment market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global compressed air treatment equipment market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the application?
What is the breakup of the market based on the End-user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global compressed air treatment equipment market and who are the key players?
What is the degree of competition in the industry?
5 Global Compressed Air Treatment Equipment Market
8 Market Breakup by End User
For more information about this report visit https://www.researchandmarkets.com/r/7fik8d
View source version on businesswire.com: https://www.businesswire.com/news/home/20220513005271/en/
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