Compressed air treatment equipment market- Breathing applications to grow at a CAGR of 6.5% by 2022

North America Compressed Air Treatment Equipment Market was accounted for capturing more than 32% of the global industry share in 2014 and is anticipated to dominate the industry demand over the forecast period.

Compressed air treatment equipment market size is forecast to arrive at USD 9.8 billion by 2022, as per a new research report by Global Market Insights, Inc. Rising implementation across various sectors such as healthcare & pharmaceutical, food & beverages and electronics & semiconductor is anticipated to fuel market demand. This equipment is chiefly used in manufacturing sectors for various tasks involved such as valve operation, vacuum, packing, cleaning and spray coating.

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Air dryer market size was valued at USD 2.5 billion in 2014 and is estimated to account for a sizable chunk of the industry by 2022. This spur can be attributed to higher product price coupled with growing need across numerous application areas. Filters market size was valued at USD 2.03 billion in 2014. Particulate filters are likely to reach USD 631.3 million 2022 due to rising significance for bulk liquid separation and to eliminate solid particle contaminants down to 5 microns.

Air based pleated filters market share dominated the industry and accounted for more than 50% of the total demand in 2014. Growing importance of efficient equipments with for minimizing indoor contaminants is likely to drive air filters demand. Oil filters are likely to witness highest growth rates with an estimated CAGR of 7.5% up to 2022.

Stringent regulations by governing bodies such as EPA to curb air borne diseases are anticipated to drive pleated filters market size over the next seven years. Ensuring continuous & down-flow of particulate-free fluids in oil & gas exploration and production applications is anticipated to play a major role in increasing the demand. Preference of some substitute products to remove micro-particulates is likely to challenge pleated filters industry.

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Key report insights suggest:
Global pleated filters market size was estimated 197.2 million units in 2014 and may register 326.0 million units by 2022 growing with an estimated CAGR of 6.5% from 2015 to 2022.

Industrial applications dominated the overall demand and accounted for 41.9% of the total volume in 2014. Rapid industrialization in emerging economies such as Asia Pacific & Latin America coupled with increasing investments in expansion of cement and power industries is likely to drive demand for this application. Residential applications are likely to witness moderate growth rates at CAGR of 5.7% up to 2022.

Asia Pacific dominated the regional market and accounted for 43.2% of the total volume in 2014 and is likely to witness highest gains up to 2022. Increasing flow of FDIs coupled with stringent regulations to curb air pollution is likely to drive regional demand.

U.S. pleated filters market share is likely to witness moderate growth rate with an estimated CAGR of 3.2% up to 2022.

The market is characterized being highly fragmented with presence of large number of domestic and international industry participants. Key companies include General Motors Company, 3M Company, Midwesco Filter Resources Inc, Donaldson Company Inc., Freudenberg & Company KG, Atlas Copco, Camfil AB and The Strainite companies. The market is also likely to increase the competition by attracting new industry participants.

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