Compressed Air Treatment Equipment Market By Product type (Filters, Dryers, Aftercooler), By Application (Plant Air, Instrument Air, Process Air, Breathing Air), By End User Industry (Chemical, Food and Beverage, Healthcare, Pharmaceuticals, Automotive, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global compressed air treatment equipment market size was valued at $8,945.8 million in 2021, and is projected to reach $15,302.1 million by 2031, registering a CAGR of 5.5% from 2022 to 2031.
Compressed air is used in various operations such as manufacturing, pharmaceutical, hospital, assembly, and others. An air compressor is a mechanical device used to compress air from low pressure to high pressure. In addition, compressed air can be used for nitrogen generation, decontamination of a specific area, aeration, and drying of pharmaceutical ingredients. Compressed air treatment equipment helps hospital equipment operation more efficient and reduces rust & corrosion of surgical instruments caused by contaminated air.
Compressed air equipment is used to treat compressed air, which has a number of advantages, including lowering dew points and removing pollutants that might harm the compressor. The need for clean, dry air has grown across a number of sectors such as chemical, food & beverage, healthcare, and pharmaceutical due to the increased usage of compressed air and the development of advanced equipment and systems. In addition, the market has expanded due to the increase in precision engineering equipment, enhancing production facilities and increasing the lifespan of industrial machineries.
One of the key reasons that propel the compressed air treatment equipment market is the increase in demand for compressed air in a variety of industries, including manufacturing, chemical, automotive, foods and beverages, healthcare, pharmaceutical and others. The demand for compressed air treatment equipment is increasing as a result of need for contaminant-free air from such industries. This compressed-air technology safeguards the industrial air system by removing impurities including moisture, dirt and oil.
The compressed air treatment equipment market has witnessed new technological advancements and breakthroughs lately. For instance, in October 2021, Airfilter Engineering has introduced the IoT Remote Monitoring Solution, which utilizes cloud connectivity to enable remote monitoring of compressed air desiccant dryers. Such factor is expected to provide lucrative growth opportunities for the compressed air treatment equipment market in the upcoming years.
The compressed air treatment equipment market is segmented into product, application, end user and region. By product type, the market is segregated into filters, dryers, and aftercooler. On the basis of application, it is segregated into plant air, instrument air, process air, and breathing air. On the basis of end user, it is segregated into chemical, food and beverage, healthcare, pharmaceutical, automotive, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players that are operating in the compressed air treatment equipment market are Airfilter Engineering, Alpha-Pure Corporation, BEKO Technologies, BOGE Compressors, Brehob Corporation, Central Air Compressor, Donaldson Company, Inc., GEM Equipment's Ltd., Ingersoll Rand, Kaeser Kompressoren, MANN+HUMMEL, Mattei, Metro Air Compressor, Parker Hannifin Corp., Pentair Engineered Filtration, Quincy Compressors and Werther International.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the compressed air treatment equipment market analysis from 2021 to 2031 to identify the prevailing compressed air treatment equipment market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the compressed air treatment equipment market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global compressed air treatment equipment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product type
Filters
Dryers
Aftercooler
By Application
Plant Air
Instrument Air
Process Air
Breathing Air
By End User Industry
Chemical
Food and Beverage
Healthcare
Pharmaceuticals
Automotive
Others
By Region
North America
Canada
Mexico
U.S.
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Ingersoll-Rand PLC
Parker Hannifin Corporation
Gardner Denver, Inc
Atlas Copco
Kaeser
Emerson
Donaldson Company, Inc.
Alpha Pure
Beko Technologies
BOGE Compressors
AIRFILTER ENGINEERING
BREHOB CORPORATION
CENTRAL AIR COMPRESSOR
GEM EQUIPMENTS PRIVATE LIMITED
MANN+HUMMEL
MATTEI
METRO AIR COMPRESSOR
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