Global Air Preparation Units Market 2018-2022
About Air Preparation Units
Air preparation units refer to an assembly that helps in providing clean compressed air for various mechanical applications in industries. It helps in eliminating solid particles, water, and oil out of compressed air.
Technavio’s analysts forecast the global air preparation units market to grow at a CAGR of 3.44% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global air preparation units market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Air Preparation Units Market 2018-2022
Technavio recognizes the following companies as the key players in the global air preparation units market: Emerson Electric, Festo, IMI, Ingersoll-Rand, Parker Hannifin, and SMC.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing adoption of industry 4.0. The growing adoption of industry 4.0 is one of the key trends in the air preparation units market. Technological advances in connected electronics and information relay technologies have enabled the control systems to be enhanced from analog to digital.”
According to the report, one driver in the market is growing adoption of industrial automation. The emergence of advanced technology in the last few decades is boosting the advances in automation, encouraging the acceptance of robots, and industrial automation. It has been witnessed that the usage and adoption rate of automation is high, especially in the manufacturing sector.
Further, the report states that one challenge in the market is slowdown in Chinese manufacturing sector. The country is considered a global hub for manufacturing and produces everything from vehicles and aircraft components to industrial machines and electronics. However, the slowdown in the Chinese economy is expected to limit the market growth during the forecast period.