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Europe Compressed Air Treatment Equipment Market Size to surpass Steady Growth by 2026. The Europe Compressed air treatment equipment market is primarily driven by the demand for clean & dry compressed air to prolong the life of air compressor systems and pneumatic devices. Compressed air is an indispensable driving agent in various industries including manufacturing, chemical, and construction, since it is used to drive conveyor systems, robotic arms, press, paint sprays, drills, & jackhammers and in processes such as nitrogen generation, decontamination of an area, aeration, & drying.
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Europe Compressed Air Treatment Equipment Market will exceed exponentially till 2026 : Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
Europe Compressed Air Treatment Equipment Market Size to surpass Steady Growth by 2026. The Europe Compressed air treatment equipment market is primarily driven by the demand for clean & dry compressed air to prolong the life of air compressor systems and pneumatic devices. Compressed air is an indispensable driving agent in various industries including manufacturing, chemical, and construction, since it is used to drive conveyor systems, robotic arms, press, paint sprays, drills, & jackhammers and in processes such as nitrogen generation, decontamination of an area, aeration, & drying. The medical industry compressed air used in various medical operation such as dental work, anesthesia, and supply oxygen to wards. Moreover, it is also widely used in the pharmaceutical sector for material handling, nitrogen generation, tablet coating, product drying, and medicinal bottle filling. Significant development in the healthcare sector in Europe coupled with increasing healthcare expenditure will augment the market for compressed air, which, in turn, will boost the compressed air treatment equipment market across the region. The Europe Compressed air treatment equipment market from dryers accounted for over 40% share in 2019. High growth in the chemical and food & beverage manufacturing sectors along with the increasing production of pharmaceutical products will augment the dryer segment as these activities need moisture-free compressed air. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
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Compressed air has a significant demand in the automotive industry, ranging from vehicle assembly, engine construction, painting, cleaning, and tire inflation. Just-in-time production philosophies practiced by major automotive manufacturers in the Europe depend on an efficient & automated production line equipped with pneumatic tools and robot arms. The continuous requirement for precision engineering to meet the safety standards in automobiles demand a constant supply of contaminant-free dry compressed air, which is likely to drive the demand for compressed air treatment equipment. In the application segment, breathing air will witness over 5.2% CAGR in the Europe compressed air treatment equipment market. The rising awareness among employers regarding compliance to the international breathing air standards to provide contaminant-free working space to the operators will significantly influence the compressed air treatment equipment market. Furthermore, OSHA regulations regarding the breathing air quality and demand for constant flow systems to minimize the risks of contaminants in the working environment will positively influence the market in the coming years. The Europe compressed air treatment equipment market is predominantly driven by large markets such as Germany, UK, and France. Germany will witness around 5.3% CAGR in terms of revenue till 2026. Germany has a highly developed and automated the automotive industry, which will further augment the compressed air treatment equipment demand due to the need for compressed air in the automotive assembly facilities. The COVID-19 pandemic has disrupted all major industries and end-user industries of the market. The prevalence of nationwide lockdown across the Europe has halted the overall market revenue. The suspension of industrial work coupled with a sluggish demand from various industries has affected the overall demand for the product in 2020. Market participants in the Europe compressed air treatment equipment include Walker Filtration,SMCCorporation,Pentair, Parker Hannifin Manufacturing Ltd., FRIULAIR S.r.l.,Mann+Hummel Purolator, KaeserKompressoren SE and Ingersoll-RandPlc. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
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