Compressed Air Treatment Equipment Market Analysis , Size , Share , Growth and Forecast to 2024 | Hexa Research
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Compressed Air Treatment Equipment Market Analysis , Size , Share , Growth and Forecast to 2024 | Hexa Research
" The Compressed Air Treatment Equipment Market size is projected to expand at a CAGR over 6.3 % over the forecast period ( from 2016 to 2024 )."
The global compressed air treatment equipment market size is projected to grow at a healthy CAGR of 6.3 % during the forecast period ( from 2016 to 2024 ). It may surpass USD 11 billion by 2024 . Surging demand for compressed air treatment systems across various applications is projected to drive the market . Compressed air treatment systems are utilized by a number of companies globally . This in turn has increased the number of air treatment equipment installations worldwide . The need for such installations arises from the strict implementation of air quality standards in the target application areas . This could boost the global market in the forthcoming years .
A number of regulatory standards and mandates have been created to support the production & use of clean air . Industry trends suggest that this could contribute significantly to global demand . However , the uninterrupted supply of compressed air production facilities calls for regular maintenance . Equipments for compressed air treatment are generally quite expensive . Furthermore , their energy consumption is also very high . These are a few factors that may hinder the demand for compressed air treatment equipment in the years to come . However , technological advancements and the popularity of energy efficient equipment across numerous applications can create avenues for further growth .
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