ID: MRFR/HC/8865-HCR | February 2021 | Region: Global | 108 pages
Market Forecast
Global Compressed Air Treatment Equipment Market is expected to cross USD 12.5 Billion by 2027 at a CAGR of 6.5%.
Market Synopsis
Compressed air equipment is used for air treatment, which offers several benefits such as it helps to lower dew points of air and remove contaminants that may impact the compressor. The increased use of compressed air and the development of sophisticated devices and controls have enhanced the need for clean and dry air in several industries, thus significantly increasing the demand for compressed air treatment equipment.
Market Influencer
The rising prevalence rate of COVID-19 is projected to influence the market over the forecast period. As the coronavirus outbreak continues, companies have significantly reduced or have stopped their production. This has a direct effect on the compressed air treatment equipment. However, the government is taking necessary steps to protect technicians handling the compressed air equipment against the outbreak. For instance, on 28th July 2020, The British Compressed Air Society (BCAS) reiterated its advice to compressed air users to adhere to air treatment best practice during the COVID-19 pandemic.
Market Drivers
The growing demand for compressed air treatment from numerous applications
Market Restraints
Segmentation
By Product
By Application
By End-use
By Region
Key Players
This table of content is tentative and subject to change as the research progresses.
Please Note: Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.