Overview of the global air preparation units market
Technavio’s market research analysts have identified the growing adoption of industrial automation as one of the primary factors that will trigger the growth of the air preparation units market size till 2022. 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. In manufacturing industries, robots and automation equipment are most often used in high-speed repetitive tasks. Moreover, the robots are made highly sophisticated and suitable for expanding their scope of application. Technavio’s market research analysts predict that this global market will post a revenue close to USD 6900 million by 2022.
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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. With the advent of industrial automation, it is expected that the incorporation of IIoT technologies, also known as industry 4.0 is set to grow in the forthcoming years. IIoT enables the collection of information from an entire process system, including actuation and motion control systems.
With the presence of a considerable number of companies, this market appears to be moderately fragmented. To gain an advantage over the other players, the companies are highly focusing on adopting advanced technologies to introduce superior products. As a result, the level of competition among the players is quite intense. By providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies, this market research report will help clients identify new growth opportunities and design unique growth strategies
The report includes an analysis of a number of companies in this marketspace including -
Segmentation by end-user and analysis of the air preparation units market
Oil and gas
The oil and segment accounted for the major share of the air preparation equipment market during 2017. This end-user segment will be the major segment till the end of 2022. However, our analysts predicted that food processing segment will gain considerable market share during the forecast period.
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Geographical segmentation and analysis of the air preparation units market
Our analysts have predicted that in terms of geographic regions, the air preparation equipment market will witness considerable growth in EMEA during the next few years.
Key questions answered in the report include
What will the market size and the growth rate be in 2022?
What are the key factors driving the global air preparation units market?
What are the key market trends impacting the growth of the global air preparation units market?
What are the challenges to market growth?
Who are the key vendors in the global air preparation units market?
What are the market opportunities and threats faced by the vendors in the global air preparation units market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global air preparation units market?
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