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  • Compressed Air Treatment Equipment Market Growth Analysis | 2023-2028

    Compressed Air Treatment Equipment Market Growth Analysis | 2023-2028

    Compressed Air Treatment Equipment Market Growth Analysis | 2023-2028
    Report code - SR1083 Delivery - 2 Weeks
    Compressed Air Treatment Equipment Market Size, Share, Trends, Dynamics, Forecast, & G See more...

    Market Insights

    The compressed air treatment equipment market was estimated at USD 9.82 billion in 2022 and is likely to grow at a CAGR of 16.14% during 2023-2028 to reach USD 24.24 billion in 2028.

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    What is compressed air treatment equipment?

    Compressed air equipment is used for air treatment, which offers a host of advantages, such as helping to lower the dew points of air to remove contaminants that may impact the compressor. The increased use of compressed air and the development of sophisticated controls and devices have enhanced the need for clean and dry air in various industries, thereby significantly augmenting the demand for compressed air treatment equipment.

    Compressed Air Treatment Equipment Market Report Overview

    Market Size in 2028

    USD 24.24 Billion

    Market Size in 2022

    USD 9.82 Billion

    Market Growth (2023-2028)

    CAGR of 16.14%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    The growing demand for clean and dry compressed air to extend the life of air compressor systems and pneumatic devices will drive the industry forward. They are used in various equipment such as chemical, manufacturing and construction.

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    Segment Analysis

    By Product Type

    The market is segmented as filters, dryers, aftercoolers, and others. Dryers are the essential compressed air treatment equipment that improves compressed air quality. Owing to their widespread use to remove or reduce the amount of water in compressed air, compressed air dryers are expected to account for roughly 35 per cent of the compressed air treatment equipment market share during the forecast period.

    By Application Type

    The market is segmented as plant air/shop air, instrument air, process air, and breathing air. Process air is expected to garner around 4.5% CAGR during the forecast period, driven by the presence of moisture and other contaminants in the process air, which may result in disastrous consequences for the plants. Thus, it is binding to use compressed air treatment equipment in these processes, where the required dew point is very less. To achieve the optimum quality of process air, compressed air treatment equipment delivering air below -40C is recommended in many facilities, especially in the chemical and pharmaceutical industries, thereby driving the growth of the segment.

    By End-User Type

    The market is segmented as chemical, paper, food & beverages, healthcare, automotive, industrial, steel, construction, aerospace, electronics, and others. Healthcare is estimated to be the leader over the forecast period. The market demand for the segment is fueled by the increasing use of compressed air treatment equipment in the medical compressed air sector. Medical air is a clean supply of compressed air used to deliver medical gas in hospitals and healthcare facilities that is free of contaminants and particulates.

    Regional Analysis

    Asia-Pacific is estimated to be the leading region in the market for compressed air treatment equipment during the forecast period. The shift in global production toward growing economies such as China, India, Indonesia, South Korea, and Southeast Asia will result in increased demand for compressed air treatment equipment in the future years. Furthermore, as compressed air is required in an extensive range of industrial applications, China's global leadership in automotive and general manufacturing is having a significant impact on the entire region’s market. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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    Critical Questions Answered in the Report

    • What are the key trends in the market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The compressed air treatment equipment market is segmented into the following categories:

    By Product Type:

    • Filters
      • Type Analysis: Particulate Filter/Pre-filter, Coalescing Filter/Oil Removal, Adsorber Filter/Oil Vapor Removal, Filtered Centrifugal Separator, High Temperature After Filters, and Moisture Separators
    • Dryers
      • Type Analysis: Refrigerated Dryers, Desiccant Air Dryers, Membrane Dryers, and Deliquescent Dryers
    • Aftercoolers
    • Others

    By Application Type:

    • Plant Air/Shop Air
    • Instrument Air
    • Process Air
    • Breathing Air

    By End-User Type:

    • Chemical
    • Paper
    • Food & Beverages
    • Healthcare
    • Automotive
    • Industrial
    • Steel
    • Construction
    • Aerospace
    • Electronics
    • Others

    By Region:

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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    Key Players

    Some of the key players in the compressed air treatment equipment market are-

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Compressed Air Treatment Equipment Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Customization Option

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players).
    • SWOT analysis of key players (up to 3 players).

    Segmentation

    • Current market segmentation of any one of the product types by application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Compressed air equipment is used for air treatment, which offers a host of advantages, such as helping to lower the dew points of air to remove contaminants that may impact the compressor.

    The compressed air treatment equipment market is expected to grow at a CAGR of 16.14% during the upcoming five years.

    The compressed air treatment equipment market size is estimated to grow from USD 9.82 Bn in 2022 to USD 24.24 Bn by 2028.

    Asia Pacific is expected to have the largest share of the market during the assessment period.

    The growing demand for clean and dry compressed air to extend the life of air compressor systems and pneumatic devices will drive the industry forward. They are used in various equipment such as chemical, manufacturing and construction.

    Atlas Copco, Gardner Denver, Ingersoll Rand, Kaeser, Emerson Climate Technologies, Donaldson, Mann+Hummel, and Parker Hannifin. are the key companies in the market.

    The compressed air dryers segment has the largest share of the market during the estimated time.

    The study period of the market is 2017-2028.