PUBLISHER: Allied Market Research | PRODUCT CODE: 1140014
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140014
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
Key Market Segments
By Product type
By Application
By End User Industry
By Region