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2022
Compressed Air Treatment Equipment Market

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

Report Code: A13190
Pages: 240
Jul 2022 | 1259 Views
Author(s) : Amar C , Onkar S
Tables: 157
Charts: 73
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Compressed Air Treatment Equipment Market Research, 2031

The global compressed air treatment equipment market size was valued at $8.95 billion in 2021, and is projected to reach $15.30 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.

Compressed air treatment equipment is a method that cleans and dehumidifies air before it enters the air compressor. The process usually involves air filters, dryers, and aftercoolers. The components of compressed air treatment equipment include, air receiver tank, air cooler, filter, dryer, condensate trap, and distribution system. Compressed air treatment equipment is used in various end user industries such as foods & beverages, chemical, healthcare, pharmaceuticals, and others.

The COVID 19 outbreak has affected the growth of the compressed air treatment equipment industry owing to the lockdown measure in the countries and delay in production and manufacturing of compressed air treatment equipment which are utilized in automotive, chemical, healthcare, foods & beverages, and other industries.

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Compressed air treatment equipment market has grown owing to increase in demand for clean and dry compressed air to enhance the life cycle of pneumatic devices and compressor systems. Compressed air is an essential driving agent for robotic arms, conveyor belt, paint sprayers, presses, jackhammers, and drills. In addition, it has several uses in procedures such as cleaning area, nitrogen production, drying, and aeration. Compressed air treatment equipment market expansion is anticipated to be fueled by rise in precision engineering machine use and surge in manufacturing competency to enhance productivity. Moreover, rise in efficiency and effectiveness of production facilities and machineries drive the compressed air treatment equipment market growth.

The compressed air treatment equipment market has experienced growth as a result of increase in automotive, healthcare, and foods & beverages industries. The healthcare sector in counties such as the U.S., India, China, Germany, and others have been greatly impacted by the rise in prevalence of chronic diseases including cardiovascular disorders, asthma, diabetes, cancer, and others. The need for compressed medical air is being considerably fueled by the U.S. FDA safety standards as well as the expanding elderly population. However, high cost associated with compressed air treatment equipment might hamper the market expansion.  

Compressed Air Treatment Equipment Market
By Product Type

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The dryers segment was the highest revenue contributor in 2021.

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On the basis of product, the dryers segment generated the largest revenue in 2021 owing to their wide use for reducing or removing the amount of moisture and water in compressed air. Expansion of healthcare and pharmaceutical sectors are expected to drive the growth of dryer segment as these end user industry needs moisture-free compressed air.

Compressed Air Treatment Equipment Market
By Application

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The process air segment dominated the market in 2021.

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On the basis of application, the process air segment accounted for highest compressed air treatment equipment market share in the global market in 2021 owing to its high adoption in various operational process including logistics, chemical reactions, baghouse discharge systems and wind tunnels. This air treatment equipment is commonly used in process where due point is very less.

The novel coronavirus (COVID-19) rapidly spread across various countries and regions in 2019, causing an enormous impact on lives of people and the overall community. It began as a human health condition and has now become a significant threat to global trade, economy, and finance. The COVID-19 pandemic halted production of many products in the compressed air treatment equipment market, owing to lockdowns. Furthermore, the number of COVID-19 cases is expected to reduce in the future with the introduction of the vaccine for COVID-19 in the market. This has led to reopening of compressed air treatment equipment companies at their full-scale capacities. This is expected to help the market recover by the end of 2022. After COVID-19 infection cases begin to decline, equipment & machinery producers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.

Compressed Air Treatment Equipment Market
By Region

2031
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific garnered the largest market share in the global compressed air treatment equipment market in 2021.

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On the basis of region, Asia-Pacific registered highest revenue in 2021 and is expected to register significang CAGR during the compressed air treatment equipment market forecast period, owing to rise in automotive, healthcare, and foods & beverages sector. Moreover, countries such as India and China are leader in automotive manufacturing and has influenced the overall compressed air treatment equipment market growth in Asia-Pacific region.

The compressed air treatment equipment market is segmented into Product type, Application and End User Industry. On the basis of product, the market is divided into filters, dryers and aftercooler. On the basis of application, the market is divided into plant air, instrument air, process air and breathing air. On the basis of end user industry, the market is divided into chemical, foods & beverages, healthcare, pharmaceutical, automotive and others. Region-wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Competition Analysis

The key players that are operating in the compressed air treatment equipment industry 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 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 market segmentation assists to determine the prevailing compressed air treatment equipment 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.

Compressed Air Treatment Equipment Market Report Highlights

Aspects Details
Product type
  • Filters
  • Dryers
  • Aftercooler
Application
  • Plant Air
  • Instrument Air
  • Process Air
  • Breathing Air
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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The compressed air treatment equipment market has observed huge demand in North America, Asia-Pacific, and Europe. Asia-Pacific is projected to remain the major revenue generating region of the market in the near future. This is attributed to the fact that countries such as India, China, Japan, and South Korea have observed increase in automotive, chemical, healthcare, and foods & beverages sectors. Moreover, fast developing electronic industry in China and Japan have created demand for compressed air treatment equipment and drive the market growth in Asia-Pacific.

Various market players have adopted strategies, such as product launch, business expansion, acquisition, and agreement to expand their business and strengthen their market position. For instance, in April 2020, Kaeser Kompressoren launched high-performance Secotec TG-series refrigeration dryers, which are designed for large-scale industrial operations. It can deliver flow rate up to 98 m3/min and ensure stable pressure dew points. Such strategic moves by the key players drive the compressed air treatment equipment market growth.

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FREQUENTLY ASKED QUESTIONS?

A. The Compressed Air Treatment Equipment market size was valued at $8,945.8 million in 2021.

A. The Compressed Air Treatment Equipment market is projected to reach $15,302.1 million by 2031.

A. Asia-Pacific is the largest regional market for Compressed Air Treatment Equipment.

A. The process air segment is the leading application of the Compressed Air Treatment Equipment Market.

A. Chemical, foods & beverages, healthcare, pharmaceuticals, automotive, and others are the end-user industry of the Compressed Air Treatment Equipment market.

A. Frequent maintenance and high initial & operating cost of compressed air treatment equipment are the affecting factors of the market.

A. Growing industrialization in developing countries and rising investment in the medical and pharmaceutical industry are the upcoming trends in the Compressed Air Treatment Equipment Market in the world

A. The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

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