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.
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
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: COMPRESSED AIR TREATMENT EQUIPMENT MARKET, BY PRODUCT TYPE
CHAPTER 5: COMPRESSED AIR TREATMENT EQUIPMENT MARKET, BY APPLICATION
CHAPTER 6: COMPRESSED AIR TREATMENT EQUIPMENT MARKET, BY END USER INDUSTRY
CHAPTER 7: COMPRESSED AIR TREATMENT EQUIPMENT MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Compressed Air Treatment Equipment Market," the compressed air treatment equipment market size was valued at $8.95 billion in 2021, and is estimated to reach $15.30 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.In 2020, Asia-Pacific dominated the global compressed air treatment equipment market, in terms of revenue, accounting for around 38.9% share of the global market.
An air compressor is a mechanical device that is used to compress air from low pressure to high pressure. Compressed air can also be used to create nitrogen, clean up a specific area, aerate, and dry pharmaceutical ingredients. Compressed air treatment equipment reduces rust and corrosion of surgical instruments brought on by contaminated air and helps hospital equipment operation more effective. Several operations, including manufacturing, pharmaceutical, medical, assembly, and others, use compressed air treatment equipment.
The dryers segment has registered the highest compressed air treatment equipment market share in 2021. Dryers are essential pieces of equipment for treating compressed air and improving its quality as they are widely used to eliminate or significantly reduce the amount of moisture in compressed air. Growth in demand for compressed air treatment equipment from end-use industries such as chemical, automotive, paper, food & beverage, and medical drive the segment’s market growth.
The food and beverage segment was the highest revenue contributor to the market in 2021. Demand for food is expected to increase, owing to rise in population around the globe. Moreover, compressed air is important for food packaging and processing. Compressed air treatment equipment are used for blow-off application, cutting, sorting, shaping, and cleaning. All such factors are projected to boost the growth of the food industry at a significant rate.
The compressed air treatment equipment market trends has recently seen numerous new technological developments. For instance, ELGi Equipment advanced in oil-free compressed air technology in April 2019 with the introduction of the AB "Always Better" air compressor series. Such innovations in compressed air treatment equipment technology have the potential to have a significant positive effect on the market's expansion in the ensuing years. This is anticipated to drive compressed air treatment equipment market growth.
The demand for the product during the anticipated time frame might be constrained by expensive compressed air treatment equipment. Timely inspections and regular maintenance that ensure maximum effectiveness limit the demand for compressed air treatment equipment. Regular maintenance is required to produce compressed air of high quality. These factors restrain the market growth.
In addition, the outbreak of COVID-19 has led to a halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering growth of the compressed air treatment equipment industry. However, this situation is expected to improve as government is relaxing norms around the world for resuming business activities.
Key Findings of the Study
- The report provides an extensive analysis of the current and emerging global compressed air treatment equipment market opportunities and dynamics.
- Depending on product, the dryer segment has dominated the market, in terms of revenue in 2021 and the aftercooler segment is projected to grow at a significant CAGR during the compressed air treatment equipment market forecast period.
- By application, the process air segment has registered highest revenue in 2021.
- By end user industry, the food and beverage segment has registered highest revenue in 2021.
- Asia-Pacific is projected to register highest growth rate in the coming years.
- The key players within the global compressed air treatment equipment market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the service robotics industry.
- The report provides an extensive analysis of the current trends and emerging opportunities of the market.
- In-depth global compressed air treatment equipment market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.
Companies Mentioned
- 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
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 240 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 8945.8 million |
| Forecasted Market Value ( USD | $ 15302.1 million |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
