Compressed Air Treatment Equipment Market Analysis | 2023-2028

Market Insights

"The global compressed air treatment equipment market size 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."

Want to know more about the market scope? Register Here

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.

Market Dynamics

Market Drivers

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.

Segments Analysis

Product Trends

"The dryers segment accounted for the largest market share."

The market is segmented as filters, dryers, aftercoolers, and others. Compressed air dryers are expected to account for roughly 35% of the compressed air treatment equipment market share during the forecast period. 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.

Application Trends

"The process air segment accounted for the largest market share."

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.

End-User Trends

"The healthcare segment accounted for the largest market share."

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 Insights

"Asia-Pacific accounted for the largest market share."

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.

Know the high-growth countries in this report. Register Here.

Key Players

The following are the key players in the compressed air treatment equipment market (arranged alphabetically).

• Atlas Copco
• Donaldson
• Emerson Climate Technologies
• Gardner Denver
• Ingersoll Rand
• Kaeser
• Mann+Hummel
• Parker Hannifin.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

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?

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s compressed air treatment equipment market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

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 1000 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 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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).

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.