What is the Historic and Current Scenario of the Compressed Air Treatment Equipment Market?
The compressed air treatment equipment market has seen considerable growth due to a variety of factors.
• In the past few years, the market size for compressed air treatment equipment has experienced robust growth. It expects to see an increase from $9.4 billion in 2024 to $10.05 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. The development observed in the historical period is largely due to industrial growth, adherence to quality and compliance standards, improving energy efficiency, maintenance needs, and environmental awareness.
What Is The Expected Growth In The Compressed Air Treatment Equipment Market Size Evolve over the Forecast Period?
The Compressed Air Treatment Equipment market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for substantial expansion in the compressed air treatment equipment market in the coming years. Projections estimate the market's worth to escalate to $13.34 billion in 2029 with a compound annual growth rate (CAGR) of 7.3%.
This anticipated growth can be credited to factors such as industrial and manufacturing development, escalated manufacturing activities, strict emission regulations, expansion in the healthcare industry, and increased consciousness towards energy efficiency. Noteworthy trends for the predicted period comprise heightened acceptance of energy-saving solutions, a more profound emphasis on intelligent and interconnected devices, regulatory standards promoting innovation, a shift towards customization for various applications, and the incorporation of hybrid and integrated filtration technologies.
What Main Forces Are Fueling Expansion In The Compressed Air Treatment Equipment Market?
The expected growth of the compressed air treatment equipment market is directly linked to the expansion of the healthcare and pharmaceutical sectors. These sectors encompass industries that offer medical services, manufacture medical products, engage in medical insurance provision, or produce pharmaceuticals. Compressed air treatment equipment comes into use in these sectors, ensuring that patients have access to clean, dry air for breathing and comfort. Purified air, rid of impurities and hence enhancing safety, is commonly utilized in most healthcare facilities. To illustrate this, the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based body that represents the pharmaceutical industry, reported in June 2023 that the European pharmaceutical industry saw a substantial increase in production. This increased from $352.48 billion in 2021 to $369.95 billion in 2022. Therefore, the burgeoning healthcare and pharmaceutical sectors are the key drivers for the compressed air treatment equipment market growth.
What Are The Primary Segments In The Global Compressed Air Treatment Equipment Market?
The compressed air treatment equipment market covered in this report is segmented –
1) By Product: Filters, Dryers, Aftercoolers
2) By Application: Plant Air, Instrument Air, Process Air, Breathing Air
3) By End User: Chemical, Food And Beverage, Healthcare, Pharmaceuticals, Automotive, Other End Users
Subsegments:
1) By Filters: Coalescing Filters, Particulate Filters, Activated Carbon Filters, Inline Filters
2) By Dryers: Refrigerated Dryers, Desiccant Dryers, Membrane Dryers
3) By Aftercoolers: Air-Cooled Aftercoolers, Water-Cooled Aftercoolers
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Which Key Trends Are Driving Changes In The Compressed Air Treatment Equipment Market?
Product innovation is emerging as a pivotal trend in the compressed air treatment equipment market. Many prominent businesses in this sector are striving to create novel solutions to fortify their market presence. For example, FPS Air Compressors, a company based in the UK, introduced the Contain-Air solution in February 2024. This initiative relays a portable compressed air room to businesses, enabling quick and affordable access to compressed air systems. Arriving fully set up and ready for immediate usage, it minimizes installation woes and negates the need for elaborate setups. Designed for a wide array of sectors such as manufacturing, food processing units, and hospitals, this nifty unit blends effortlessly into the existing setup, needing only a power connection to start functioning. This lessens distractions from primary tasks by eliminating installation challenges.
Who Are the Key Players In The Compressed Air Treatment Equipment Market?
Major companies operating in the compressed air treatment equipment market include:
• Atlas Copco AB
• Airfilter Engineering Corporation
• BEKO Technologies Corporation
• BOGE KOMPRESSOREN Otto Boge GmbH & Co. KG
• Chicago Pneumatic Tool Company
• Ingersoll-Rand Company Limited
• MANN+HUMMEL International GmbH & Co. KG
• Kaeser Compressors Inc.
• Alpha-Pure Corporation
• Donaldson Company Inc.
• Parker Hannifin Corporation
• Gardner Denver Holdings Inc.
• Pentair Engineered Filtration
• Seneca Companies Inc.
• Precision Filtration Products
• ZEKS Compressed Air Solutions Inc.
• CompAir Holdings Ltd.
• Emerson Climate Technologies Inc.
• Great Lakes Air Products Inc.
• Walker Filtration
• Wilkerson Corporation
• Ing. Enea Mattei SpA
• Werther International
• Brehob Corporation
• Central Air Compressor
• Aircel Corporation
• Sanmina Corporation
• SPX Flow Inc.
• Metro Air Compressor
• Pneumatech Air/Gas Purity Equipment Co. Ltd.
What Is The Most Dominant Region In The Compressed Air Treatment Equipment Market?
Asia-Pacific was the largest region in the compressed air treatment equipment market in 2024. The regions covered in the compressed air treatment equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
