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Competition in the manufacturing sector is driving need for meeting customer requirements, improving agile responses, and enhancing flexible manufacturing capability which are in-turn acting as triggers for increasing demand for assembly automation systems. The growing demand for cost minimization, productivity, and optimum allocation of resources have contributed towards continuous research for analysis and modeling of manufacturing systems. Furthermore, assembly operations in the automated systems play an important role in manufacturing through performing sequence of operations to combine multiple components into a single entity.

Assembly automation system refers to the use of automated and mechanized devices which are designed to perform a fixed sequence of assembly steps in an assembly line or cell. Transfer line or transfer machine term is used to describe the cases where machining operations such as milling, drilling, and similar rotating cutter processes perform at particular workstations. Although, assembly automation systems are considered expensive to implement and create, the capital investment for them is not as high as transfer lines due to assembly automation system’s relatively smaller size and therefore cost reduction in the system.

Moreover, the assembly systems are classified according to the physical arrangement either in-line machine – single station assembly, carousel assembly system, or dial type assembly machine. Multiple operations, long product life, stable product design, and high product demand, are the major conditions determining the use of automated production lines.

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Other benefits of assembly process from automation systems are labor savings, handling multiple tasks to meet manufacturing requirements, consistency of output & throughput, greater profitability through higher production rate, and better reliability.

Increasing demand for meeting customer’s requirement and higher production rate may augment the growth of the market

The competitive working environment across automotive, 3C industry, among others has now forced the companies to automate their assembly processes for production enhancement. Furthermore, new technical improvements along with technical solutions may bring company to hold significant position in the market enabling them to set the quality standards and price levels in the market. The work of the designers or the manufacturing company may help in product success through its performance, costs, and reliability. Therefore, the requirement of flexible and agile manufacturing capability may bring competitive advantage for the manufacturing companies to minimize lead times and elaborating manufacturing processes.

Assembly Automation Systems Market: Regional Market Outlook

The global assembly automation systems market is segmented into following regions – North America, Latin America, Western Europe, Eastern Europe, China, Japan, South East Asia (SEA) and Pacific, and Middle East & Africa. North America is estimated to dominate the global market owing to high awareness among manufacturing companies to enhance their production output and manufacturing high quality products. Furthermore, Western Europe is anticipated to account for significant share in the market due to hub of automotive industry in Germany and awareness among end-users to imply advanced technology systems for high quality products within a specific period of time.

Asia Pacific is expected to witness significant share in the assembly automation systems market owing to growing awareness for advanced products to meet customer’s requirement across China, India, and ASEAN countries.

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Assembly Automation Systems Market: Key Development

Some of the market participants in the global assembly automation systems market are:

• In 2017, SCHUNK Electronic Solutions introduced SAR-1700 and SAR-1300-Mono-Smart, the two depanelling machines providing large installations for separating large entire long panels or PCBs
• In 2017, ABB and Kawasaki announced their collaboration for robot automation cooperation and sharing knowledge and promoting benefits of collaborative roots

Assembly Automation Systems Market: Key Market Participants

Some of the market participants in the global assembly automation systems market are:

• ABB
• Rockwell Automation, Inc.
• FANUC
• RNA Automation Limited
• NuTec Tooling Systems, Inc.
• Kuka
• Yaskawa
• Bastian Solutions
• Velomat
• ATS Automation
• ABCO Automation, Inc.
• ThyssenKrupp
• Hirata
• Hanwha
• Eclipse Automation Inc.
• Koops Inc.

Brief Approach to Research

FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the nature, product type of the product segments covered in the study is followed by a demand-side analysis to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level and consolidated and synthesized at a global level to estimate the overall market sizes.

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Assembly Automation Systems Market: Product Definition and Segmentation:

The use of assembly automation systems occur where an automated production line has multiple workstations and transferring parts from one station to another along the fixed production line through work handling system. Furthermore, assembly automation systems helps to pass from one workstation to another by means of a mechanized work transport system till it gets to the final workstation.

Global assembly automation systems market is segmented on the basis of product type and application.

On the basis of product type, global assembly automation systems market can be segmented into:

• Robot Automation Equipment
• Central Control System
• Other Automation Equipment

On the basis of end-use industry, global assembly automation systems market can be segmented into:

• Automotive
• 3C Industry
• Others

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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.

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The global automated people mover market is projected to grow at a value CAGR of 5.8%, to reach a valuation of over US$ 4.3 Bn by 2032.

Rising demand for transit solutions at airports will fuel sales in the market. Air travel is becoming increasingly popular as a result of reasons such as reduced travel time and improved comfort.

The number of airports is expanding across the world, and the size of airports is also increasing. Interconnection between terminals and multimodal transit must be dependable and efficient. Automated people movers are frequently used at airports to carry passengers with minimal wait times. For brief journeys, automated people movers are utilized to transport a large group of roughly 300 individuals in a short amount of time.

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These solutions offer driverless transportation with minimum headways. Decreasing headways along with automated system gives maximum operational efficiency. Predominant manufacturers in the APM market are inclining towards development of the technological advanced products to cater to requirements such as low operational expenditure on equipment, installation cost, and safety.

Automated people movers need little capital since they are equipped with smart technology and optimal design solutions that assure maximum passenger capacity. Additionally, these movers rely on electricity and a cable mechanism, resulting in minimal system operating costs.

“Automated people movers that are technologically advanced provide design benefits in addition to cost savings. Since much of the equipment is made-to-order, getting contracts is critical for manufacturers. Obtaining contracts for operations and maintenance will continue to be a key strategy for leading players in the automated people mover market,” says an FMI analyst.

Key Takeaways:

• Based on system type, demand for duo rail is projected to increase at a 6% CAGR over the forecast period.
• In terms of application, the airport segment is expected to grow Y-o-Y by 4.7% in 2022.
• Total sales in the U.S. automated people mover market are expected to surpass a valuation of US$ 1 Bn by 2032.
• Demand for automated people movers across GCC countries will increase at a 6.9% CAGR over the assessment period.
• China will account for a dominant share in the East Asia automated people mover market, with total sales reaching US$ 305.7 Mn by 2032.

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Key Segments Covered In Automated People Mover Market Analysis

By System Type:

• Monorail
• Duo Rail
• Automated Guide Way Transit or Maglev

By Application:

• Airport
• Urban Transit
• Amusements Parks
• Shopping or Commercial Centers
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia and Pacific
• Middle East & Africa

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Competitive Landscape

The global automated people mover market is significantly consolidated among Tier I, Tier II, and Tier III players. The leading players in the market account for 75 to 80% share in the market on a value basis.

Some of the key players in this industry include but are not limited to –

• Siemens
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• Doppelmayr Seilbahnen GmbH
• PT Len Industri (Persero)
• LEITNER AG
• Coester Group
• HYUNDAI ROTEM COMPANY
• IHI Corporation
• Alstom and other

About FMI – Automotive and Transportation

The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sector. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behavior.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The digital version of an electric motor is known as a stepper motor. In stepper motors, the movement of the rotor takes place in discrete steps as per commands, as opposed to continuous rotation such as in the case of conventional motors. Stepper motors play an important role in industrial motor applications, owing to their accurate response to the applied electrical pulses and ease in operation. In terms of technology, permanent magnet stepper motors are preferred for high power applications, such as for industrial drive and navy propulsion applications.

The preference for high power application is mainly due to the introduction of variable flux permanent magnet stepper motors with higher accuracy and control. On the other hand, hybrid stepper motors are anticipated to witness healthy growth in the medical equipment industry. Hybrid stepper motors are primarily used in medical equipment, such as surgical hand tools, medical pumps and ventilation equipment. Therefore, with advancement in stepper motor technology, the size of stepper motors has also decreased, mainly due to the growing penetration of miniature stepper motors in the electronics industry.

This reduction in size is an important parameter responsible for the surge in demand. Additionally, the growing demand for waterproof stepper motors is expected to boost the demand for stepper motors during the forecast period.

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Rising demand from Packaging and Labelling Industry

The demand from the packaging and labeling industry for automation solutions has witnessed significant growth in the recent years. Modern stepper motors integrated with packaging machineries are more efficient, productive and reliable at a lower cost, which is an emerging trend witnessed in the stepper motor market.

Introduction of Waterproof Stepper Motors

Growing technological innovations and developments have led to the introduction of waterproof stepper motors. These waterproof stepper motors facilitate corrosion-free operation and are therefore, highly preferred in the food and beverage packaging industry, which is another trend observed in the global stepper motors market.

Global Stepper Motors Market: Regional Outlook

Asia Pacific is anticipated to dominate the global stepper market throughout the forecast period, owing to the presence of developing economies, such as China, in this region. China is also estimated to witness overproduction of stepper motors, owing to the sluggish demand in the market. North America is expected to register significant growth of the market in the forecast period. On the other hand, slower economic growth in the European market is going to hamper the demand for stepper motors in this region. Additionally, weak growth of the semiconductor market in japan is also pegged to affect the stepper motors market in the country.

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Global Stepper Motors Market: Market Participants

Some of the manufacturers engaged in the manufacturing of stepper motors are

• Nippon Pulse Motor Co. Ltd.
• ABB Ltd.
• Schneider Electric SE.
• Delta Electronics Inc.
• Faulhaber Group
• Sanyo Denki Co. Ltd.
• Applied Motion Products Inc.
• Nidec Corporation
• National Instruments Corporation
• Oriental Motor Co. Ltd.
• Lin Engineering LLC

Global Stepper Motors Market Opportunities

Technological developments and strong R&D have increased the accuracy of stepper motors. Attributing to this, the penetration of stepper motors in the applications of servo motors has increased. Additionally, reduction in heat and noise generation under high speed applications in industrial automation is creating lucrative opportunities for the manufacturers of stepper motors.

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Brief Approach to Research

FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the nature, product type and end uses of the product segments covered in the study is followed by a demand-side analysis to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level and consolidated and synthesized at a global level to estimate the overall market sizes.

Global Stepper Motors Market: Segmentation

Stepper motors are electromechanical devices that convert electrical pulses into distinct mechanical movements. These motors are brushless direct current electric motors that divide the full rotation operation in a discrete number of equal steps. The market for stepper motors can be segmented on the basis of type, end user, technology and region.

On the basis of type, the global stepper market can be segmented as:

• Rotary Stepper Motors
• Fully-Enclosed Stepper Drives
• Integrated Lead Screw Stepper Motors

On the basis of technology, the global stepper market can be segmented as:

• Permanent Magnet Stepper Motor
• Hybrid Stepper Motor
• Variable Reluctance Stepper Motor

On the basis of end user, the global stepper market can be segmented as:

• Semiconductor
• Packaging & Labeling
• Medical Equipment
• Industrial Machineries
• Others

On the basis of region, global stepper market can be segmented as:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Eastern Europe (Poland, Russia)
• Western Europe (Germany, Italy, France, U.K., Spain)
• South East Asia and Pacific (India, ASEAN, Australia & New Zealand)
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
• China
• Japan

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.

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A new market research report, published by Future Market Insights, on the marine fin stabilizer market analyses the global industry trends during 2014 – 2021 and forecasts market growth and opportunity assessment for the period, 2022 – 2029.

The report covers latest trends, market dynamics, key success factors, macro-economic factors, forecast factors, industry value chain and competition analysis of key players. Retractable marine fin stabilizer is expected to account for major share of the manufacturers’ bottom lines, owing to its growing applications in passenger and merchant vessels. The report provides key insights into the marine fin stabilizer market and forecasts growth for the period of 2022 – 2029. The global marine fin stabilizer market was valued at ~US$ 100 Mn in 2021 and is projected to increase at a CAGR of ~3.6% during the projected period of 2022-2029.

“As the global shipbuilding industry recovers from a downward turn in the past and retrofit installations continue to move on an upward swing, manufacturers of marine fin stabilizers should be looking at a period of sustained demand,” says FMI analyst. “Growing efforts of vessel operators to increase crew and enhance safety and comfort of passengers will also work to the advantage of the manufacturers.”

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Rise in Retrofit Installations to be a Prominent Trend

First fit installations of marine fin stabilizers has always led the market, owing to passenger safety & comfort becoming a prerequisite. Although marine fin stabilizers have been in the market for almost 90 years, they were not widely adopted until the 2000s. They are installed on a variety of ships like passenger vessels, navy vessels and merchant vessels, but the rise in cruise ship and luxury yacht orders has resulted in increased demand for marine fin stabilizers. As a large proportion of older merchant ships and passenger vessels, still exist without marine fin stabilizers, operators have been opting to retrofit to upgrade safety measures and comfort levels.

Hence, the growing age of old vessels and the high number of vessels without stabilization systems is expected to drive retrofit installations in the marine fin stabilizer market.

Rise in Marine Tourism Sector Forecasted to Create Significant Opportunities

Marine tourism has been witnessing a robust growth over the last decade owing to changing people’s preferences for vacationing. In regions like Europe and North America, cruising has become a well-established vacation sector as more and more people are flocking to explore the seawaters. This has been driving the demand for cruise ships across European and key Asian countries. Increasing disposable per- capita income and growing number of billionaires have been driving demand for super-luxury yachts and the demand is expected to grow at a steady pace in the coming years. Hence, the growing marine tourism activities is expected to be a main driving force in the marine fin stabilizer market.

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Key Segment

Product Type

• Retractable Fin Stabilizers
• Non-Retractable Fin Stabilizers
• Anchor Fin Stabilizers

Vessel Type

• Fishing Vessels
• Passenger Vessels
  • Ferries
  • Cruises
  • Yachts
• Navy & Coast Guard Vessels
• Merchant Vessels

Fit Type

• First Fit
• Retro Fit

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

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Marine Fin Stabilizer Market: Vendor Insights

Global marine fin stabilizer market is a fairly consolidated market as there are small number of players involved in the manufacturing of marine fin stabilizers. Tier-1 players account for 50-55% share in the overall marine fin stabilizer market with a strong footprint across the world. Investments in R&D to develop fuel efficient marine fin stabilizer design and mergers & acquisitions are some of the noticeable trends in the competition landscape.

• For example, Imtra has launched curved fin stabilizers to reduce drag and improve fuel efficiency of vessels.
• Kongsberg Maritime has acquired the marine business of Rolls Royce (RRMC) in 2021, and now manufacturers and distributes RRMC products along with its own line of fin stabilizers.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Tire Curing Press Market Mobility has turned out to be the megatrend of the 21st century across the globe. The global tire market is growing significantly owing to the increasing demand for mobility around the world. In the times of increasing energy prices, saving energy, along with protecting the environment, would also help in significant cost-reduction for the machine user.

Furthermore, tire production machinery, tire curing presses or extruders, must contribute to energy-efficient, economical, reliable, and secure production processes as much as possible.

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The manufacturing of a tire involves different production processes including raw material mixing and rubber sheet molding. A tire curing press machine is used to apply substantial pressure and heat to mold the outer surface of the tire to form trademarks and grooves along with other designs and finalizing the curing of rubber of the tire by a chemical reaction.

The selection of a tire curing press depends upon the control system type, green tire stands type, heating process, applications such as floor erection or foundation pit erection, and operating cavities type among others. Tire curing presses come with a long column design with a locking and squeeze system as per specifications that provides both independent and common controlled presses.

Tire Curing Press Market: Dynamics

Larger hydraulic tire curing presses can replace the conventional and old machines with the same space requirement, thereby providing flexibility and increasing the turnout based on considerably shorter cycle times. Furthermore, tire curing presses are smart and flexible enough to respond with increased number of tire types and sizes which is estimated to drive the global tire curing press market during the forecast period.

Advancements in tire curing press offer technological edge with competitive advantages to the manufacturers, thus attributing to substantial growth of the global tire curing press market over the forecast period.

Moreover, the integration of multiple functions and easy-to-service design will propel the demand for tire curing presses in the near future.

Tire Curing Press Market: Participants

Some of the market participants in the global tire curing press market are:

• Mitsubishi Heavy Industries Machinery Systems
• HERBERT Maschinenbau GmbH & Co. KG
• LARSEN & TOUBRO LIMITED
• Uzer Makina
• SICK AG
• McNeil & NRM, Inc.
• Guilin Rubber Machinery
• AMCL Machinery Ltd.
• REP International
• ThyssenKrupp Elastomertechnik GmbH

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Tire Curing Press Market: Segmentation

The global tire curing press market can be segmented into product type, application, and vehicle type.

On the basis of product type, the global tire curing press market is segmented into:

• Mechanical Tire Curing Press
• Hydraulic Tire Curing Press
• Hybrid Tire Curing Press

On the basis of application, the global tire curing press market is segmented into:

• Ordinary Tire
• Radical Tire

On the basis of vehicle type, the global tire curing press market is segmented into:

• Passenger Cars
• Commercial Vehicles

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor  the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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As per the report published by FMI, the global aircraft carbon brake disc market is projected to have a rapid-paced CAGR of 6% during the forecast period. The current valuation of the market is US$ 1,136.23 Million in 2022. The market value of the aircraft carbon brake disc market is anticipated to reach a high of US$ 2,034.81 Million by the year 2032.

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Aircraft carbon brake discs are gaining wide traction due to their rising utilization in commercial and military aircraft for gliding, stopping, taking off, and landing. The increase in air travel surging the demand for air crafts and rising preference towards these brake discs owing to their enhanced performance and lightweight act as the major factors driving the growth of the aircraft carbon brake disc market.

FMI has analyzed that the increasing need for reducing fuel consumption and efficient aircraft encouraging manufacturers to adopt the advanced brake discs and an upsurge in commercial aircraft operations across developed and developing countries accelerate the aircraft carbon brake disc market growth.

In addition to that, it is anticipated by the expert analysts at FMI that the aircraft carbon brake discs are commonplace in small and light aircraft. The airplane carbon brake disc is an advanced technique in brake devices. Compared to steel brakes, it is lighter, has better heat dissipation properties, and does not reduce energy absorption characteristics at high temperatures.

However, FMI has also analyzed that the presence of alternatives in the market like electrical and steel brakes is likely to pose a threat to the aircraft carbon brake discs and inhibit the growth of the market in the coming years. Additionally, the initial capital investments are too high and are likely to curb the adoption of these discs.

Key Takeaways from the Aircraft Carbon Brake Disc Market

• The European region accounted for a market revenue of US$ 0.34 Billion in the year 2021 attributed to the increasing cargo air transportation and airfreight & mail transport in the region.
• The Aftermarket segment held the largest market share of about USD 0.63 Billion in 2018 and is forecasted to have a CAGR of 5.1% during the forecast period.
• North America is expected to register a CAGR of 5.1% during the forecast period.
• Asia Pacific is likely to witness an upswing in the production of aircraft fleets by 40% in coming years.

“Development of carbon and aircraft monitoring system for efficient maintenance of aircraft carbon brake disc and manufacturing of carbon disc made for commercial narrow-body aircraft extends profitable opportunities to the aircraft carbon brake disc market players.” – Says an FMI Analyst

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Competition Landscape in the Aircraft Carbon Brake Disc Market 

The companies are expanding their footprints with new innovations made to the technology of carbon brake discs so that they can have an edge over their competitors. However, the market is fragmented, with several local players present in the market.

There is growth in collaborations and partnerships between OEMs which is enhancing product development and manufacturing and is expected to be the major trend in the aircraft carbon brake disc market.

Safran, SGL Carbon, Meggitt PLC, Honeywell International Inc., Raytheon Technologies Corporation, CFCCARBON CO. LTD, Thermocoax, MERSEN PROPERTY, Rubin Aviation Corporation Baimtec Material Co., Ltd, Crane Co., Dawin Friction Corporation are some of the key players in the market.

Key Segments in the Aircraft Carbon Brake Disc Market

By Material Type:

• Carbon-Carbon
• Carbon-Composite

By Aircraft Type:

• General Aviation
  • Commercial Aircraft
  • Narrow Body Aircraft
  • Wide Body Aircraft
  • Regional Jets
• Military Aircrafts

By Fit Type:

• First Fit
• Retro Fit

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

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Recent Developments in the Aircraft Carbon Brake Disc Market:

• In April 2018, Meggitt secured a multi-million-dollar contract with Korea Aerospace Industries for the supply of carbon brakes for its KF-X fighter planes.
• In October 2018, Turkish Airlines chose wheels and carbon brakes from Safran Landing Systems for its fleets of 25 Airbus A350-900 and 25 Boeing 787-9 long-range aircraft, set to enter service starting in 2019.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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The compressed air filtration and dryer system market is predicted to grow at a moderate CAGR of 6% during the forecast period. The compressed air filtration and dryer system market is likely to reach nearly US$ 9.8 Bn by 2032 from US$ 5 Bn in 2021.

The food and beverage industries are in great demand for compressed air solutions, which are used more frequently to increase production. Compressed air dryers shield equipment from hazardous and corrosive environments.

Compressed air dryers have become more widely used recently due to their many uses in a range of industries, including healthcare and medicine. Manufacturers have recently used refrigeration systems to increase their manufacturing capacity in order to keep up with rising demand.

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The automotive, healthcare, and food and beverage sectors all have positive outlooks for the compressed air filtration and dryer system market. Compressed air production is one of the most expensive auxiliary functions in all industries. Compressed air filters and dryers are the most important components of compressed air systems.

The main requirement for air compressor and dryer systems is the need for highly compressed air in various industrial processes. The sale of compressed air filtration and dryer systems is anticipated to increase at a faster rate during the forecast period due to the quick establishment of industrial units in developing countries.

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Key Takeaways

• Demand from China is expected to boost revenue in the Asia Pacific compressed air treatment equipment market, which is expected to increase at a rate of over 6% through 2027.
• Because compressed air is required in a wide range of industrial applications, China’s global leadership in automobile and industrial production is having a significant impact on the whole market.
• The compressed air filtration and dryer system market size in the healthcare industry is expected to exceed USD 1 billion by 2020. The market demand is being fueled by the increasing use of compressed air treatment systems in the medical compressed air sector.
• The prevalence of humidity and other impurities in the process air is expected to drive a 4.5 percent CAGR in-process air from 2021 to 2027, which could have severe implications for plants.
• Due to its widespread use to remove or reduce the amount of water from compressed air, compressed air dryers are expected to account for roughly 35 percent of the compressed air filtration and dryer system market share in 2027.

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Key Segments

By Product Type:

• Compressed Air Dryers
  • Refrigeration Dryers
  • Desiccant or Adsorption Dryers
  • Deliquescent Dryers
  • Membrane Dryers
• Compressed Air Filters
  • Particulate Filters
  • Coalescing Filters
  • Compressed Intake Filters
  • Activated Carbon filters

By Industry:

• Automotive
• Oil & Gas
• Chemicals
• Food &  Beverages
• Electronics
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Latest Report: https://www.futuremarketinsights.com/reports/
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