Compressed Air Treatment Equipment Market Size Grow at a CAGR of 7.00% by 2030
Research Reports
Sep 08, 2023
Compressed Air Treatment Equipment Market Overview
The compressed air treatment equipment market has been experiencing substantial growth, with a market size valued at USD 7.9 billion in 2022. The industry is projected to witness continued expansion, reaching USD 12.69 billion by 2030, from USD 8.45 billion in 2023. This projection indicates a compound annual growth rate (CAGR) of 7.00% during the forecast period from 2023 to 2030.
Market Summary
Compressed air treatment equipment refers to a range of devices and systems used to enhance the quality and performance of compressed air. Compressed air is widely utilized in various industries for pneumatic tools, manufacturing processes, packaging, electronics, and more. However, air from the environment contains contaminants, moisture, and impurities that can negatively impact the efficiency and reliability of compressed air systems.
The compressed air treatment equipment market is highly competitive, with a range of established companies and new entrants offering a variety of products, including filters, dryers, aftercoolers, condensate management systems, and more. The market’s growth is driven by the increasing demand for reliable and efficient compressed air systems, and it is expected to continue its upward trajectory as industries further expand and improve their manufacturing processes.
Compressed Air Treatment Equipment Market Key Players
Key Companies in the Compressed Air Treatment Equipment market include
- Atlas Copco Corporation (Sweden)
- Airfilter Engineering (Malaysia)
- Alpha Pure (US)
- Beko Technologies (Germany)
- BOGE Compressors (Germany)
- Chicago Pneumatic (India)
- Donaldson Company, Inc. (US)
- Gem Equipment’s Ltd (India)
- Industrial Air Power (IAP) (UK)
- Kaeser Compressors, Inc. (US)
- Pneumatech, Inc. (US)
- Pentair plc. (US)
- Precision Filtration Products (US)
- Seneca Companies, Inc.(US)
- Hitachi Ltd (Japan)
- Sullivan-Palatek, Inc. (US)
- Van Air Systems (US)
- Gardner Denver (US), among others
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Market Drivers
Advancements in technology have led to the development of more sophisticated compressed air treatment equipment with improved performance and reliability.
Various government regulations and industry standards related to air quality and emissions have encouraged industries to invest in high-quality compressed air treatment equipment to comply with these standards.
Increasing awareness among industries about the benefits of compressed air treatment, such as reduced downtime, improved product quality, and longer equipment lifespan, has contributed to market growth.
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Compressed Air Treatment Equipment Market Segmentation
Compressed Air Treatment Equipment Product Outlook
- Filter
- Dryers
- Air Cooler
Compressed Air Treatment Equipment Application Outlook
- Plant Air/Shop Air
- Process Air
- Instrument Air
- Breathing Air
Compressed Air Treatment Equipment Regional Outlook
- North America
- Europe
- Asia-Pacific
- Middle East
- Africa
- Latin America
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Compressed Air Treatment Equipment Market regional analysis
The U.S. has a mature industrial sector and strict regulations regarding air quality, which drives the demand for compressed air treatment equipment. The manufacturing industry and the presence of numerous automotive and aerospace companies are key drivers.
Similar to the U.S., Canada’s industrial sector and strict environmental regulations contribute to the market’s growth.
Germany is a significant contributor to the European compressed air treatment equipment market. Industries like automotive, electronics, and pharmaceuticals drive the demand. The UK has a diverse industrial base, and industries like food and beverage, chemical, and healthcare contribute to the demand for compressed air treatment equipment. France, Italy, and Spain: These countries also have substantial industrial sectors, which boost the market, particularly in sectors such as aerospace, automotive, and manufacturing.
China’s rapid industrialization, manufacturing growth, and increasing focus on air quality drive significant demand for compressed air treatment equipment. Industries such as electronics, automotive, and chemicals are prominent. India’s expanding manufacturing sector and infrastructure development contribute to market growth. The pharmaceutical, food and beverage, and textiles industries are key drivers.
Other regions, such as Australia and New Zealand, also contribute to the market, driven by their industrial activities and adherence to air quality standards.
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