PUBLISHER: Value Market Research | PRODUCT CODE: 1342862
PUBLISHER: Value Market Research | PRODUCT CODE: 1342862
The global demand for Compressed Air Treatment Equipment Market is presumed to reach the market size of nearly USD 27.39 BN by 2030 from USD 12.18 BN in 2022 with a CAGR of 9.42% under the study period 2023 - 2030.
Compressed air treatment equipment is a method that cleans and dehumidifies air before it enters the air compressor. Typically, the procedure uses air filters, dryers, and aftercoolers. Compressed air treatment equipment includes an air receiver tank, air cooler, filter, drier, condensate trap, and distribution system. The system is used by a number of end-user industries, including food and beverage, chemical, healthcare, pharmaceuticals, and others.
Major factors propelling the compressed air treatment equipment market include manufacturing, chemical, and construction sectors. These industries employ clean and dry compressed air to drive conveyor systems, robotic arms, presses, paint sprays, drills, & jackhammers. Furthermore, its demand from other end-use industries, growing applications of compressed air in processes, rise in precision engineering and rise in efficiency and effectiveness of production facilities and machinery are also driving the global compressed air treatment equipment market. However, the high cost associated with compressed air treatment may hinder the market growth. Nonetheless, the rise in industrialization and increase in research and development (R&D) activities to launch novel air compressors present new opportunities in the market in the coming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of compressed air treatment equipment. The growth and trends of compressed air treatment equipment industry provide a holistic approach to this study.
This section of the compressed air treatment equipment market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Compressed Air Treatment Equipment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the compressed air treatment equipment market include Ingersoll-Rand PLC, Parker Hannifin Corp., Gardner Denver Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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