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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 -
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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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.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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