The compressed air treatment equipment market is set to witness promising growth in forthcoming years owing to the expansion of manufacturing sector, increasing popularity of aftercoolers, and high product usage across applications like healthcare, automotive, construction, paper, chemical among many others. Compressed air treatment is known as a method which dehumidifies as well as cleans air prior to it entering the air compressor.
To make sure the reliability as well as expected performance of a compressed air system, the possible selection of all elements inside a compressed air system should be considered wisely. The surging use of compressed air coupled with the development of various new modern and sophisticated devices and controls have enhanced the need for clean and dry air.
The market for compressed air treatment equipment is bifurcated in terms of product, application, sector, and regional landscape.
Based on product, the overall market for compressed air treatment equipment is classified into aftercoolers, dryers, filters, and others. Among these, aftercoolers product segment will surpass a valuation of more than $1.5 billion by the end of the forecast time period. Increasing popularity of aftercoolers for giving economical, easy and effectual way to provide compressed air free of contamination is expected to propel segment growth over the coming years.
An air cooled-based aftercooler generally uses atmospheric air for cooling along with providing a final compressed air temperature in 15??F to 30??F of the ambient temperature.
With respect to application, the compressed air treatment equipment market is categorized into breathing air, process air, instrument air, and plant air/shop air. Here, breathing air application segment will witness substantial growth and will become the largest application segment by the end of the analysis time period.
Numerous industrial facilities need breathing air mainly to protect their workers from hazardous airborne contaminants. Quite often, general plant compressed air is utilized as a source. It is further noted that compressed air for breathing air applications should be purified correctly to make sure that it meets the appropriate local breathing air standards.
In terms of sector, the overall market is segmented into electronics, construction, automotive, aerospace, steel, healthcare, industrial, paper, food & beverage, chemical, and others. In 2020, chemical sector accounted for more than $860 million of the industry share and is estimated to follow similar growth trend over the coming years. This anticipated growth is ascribed to the development in the Asia Pacific chemical industry.
From a regional frame of reference, Latin America compressed air treatment equipment market is likely to surpass a valuation of nearly $550 million by the end of the analysis timeline. Expansion of manufacturing sector due to easy availability of raw materials and cost-effective labor is anticipated to propel the regional market growth.