Compressed Air Treatment Equipment Market: Global Analysis, Opportunities And Forecast To 2027
The compressed air treatment equipment market is set to grow from its current market value of more than USD 7.87 billion to over USD 11 billion. The compressed air treatment equipment industry is expected to register sizable growth over the coming years credited to speedy automation and industrialization. Industrial development in emerging economies like India and China could fuel product demand. Constant requirement of moisture-free and clean compressed air to increase the life of expensive machinery in manufacturing plants may further boost industry expansion.
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There is a rise in the usage of drain traps, condensate treatment equipment, and air purifiers. Compressed air systems use air purifiers to give breathing air for a range of applications. The purifiers help in the reduction of contaminants such as carbon dioxide, carbon monoxide, atmospheric dirt, and microorganisms from the compressed air to make it breathable. Stringent government rules regarding disposable condensate is estimated to drive the demand for condensate treatment equipment.
This escalation is primarily attributed to the increasing dependency on industrial automation, which requires compressed air treatment units for carrying out hazard-free operations in sewage treatment, power plants, general manufacturing plants, chemical factories, as well as automotive manufacturing and assembling plants. The instrument air segment in the compressed air treatment equipment market is expected to register appreciable gains through the projected span.
The strong presence of general manufacturing and automotive industries in the United States is slated to impel North America compressed air treatment equipment market expansion through 2027. The regional growth is estimated to be driven by the extensive demand for air compressors on account of the wider presence of pharmaceutical and chemical industries in the country.
Speaking of which, the major players in the compressed air treatment equipment market include Emerson Climate Technologies, Parker Hannifin, Ingersoll Rand, Donaldson Mann+Hummel, Kaeser, Gardner Denver, and others. These manufacturers are focusing on various collaborative strategies such as joint ventures, acquisitions, and mergers for the enhancement of their product portfolio and geographical footprint.
The compressed air treatment equipment market is further driven by the surging demand for packaged foods and the increasing automation in the food & beverage sector. This is mainly because of the increased dependency on clean and food standard compressed air products for a range of activities such as dehydration, cleaning bottles, spray coating, and vacuum generation. The food & beverage segment is estimated to witness a commendable CAGR of more than 5.5 per cent through 2027.
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Data Tables
TABLE 1. Global compressed air treatment equipment market estimates and forecast, 2017 – 2027, (Thousand Units) (USD Million)
TABLE 2. Global compressed air treatment equipment industry estimates and forecast by product, 2017 – 2027 (Thousand Units)
TABLE 3. Global compressed air treatment equipment industry estimates and forecast by product, 2017 – 2027 (USD Million)
TABLE 4. Global compressed air treatment equipment industry estimates and forecast by filters, 2017 – 2027 (Thousand Units)
TABLE 5. Global compressed air treatment equipment market estimates and forecast by filters, 2017 – 2027 (USD Million)
TABLE 6. Global compressed air treatment equipment industry estimates and forecast by dryers, 2017 – 2027 (Thousand Units)
TABLE 7. Global compressed air treatment equipment industry estimates and forecast by dryers, 2017 – 2027 (USD Million)
TABLE 8. Global compressed air treatment equipment market estimates and forecast by application, 2017 – 2027 (Thousand Units)
TABLE 9. Global compressed air treatment equipment industry estimates and forecast by application, 2017 – 2027 (USD Million)
TABLE 10. Global compressed air treatment equipment industry estimates and forecast by end-user, 2017 – 2027 (Thousand Units)
TABLE 11. Global compressed air treatment equipment market estimates and forecast by end-user, 2017 – 2027 (USD Million)
TABLE 12. Global compressed air treatment equipment industry estimates and forecast by region, 2017 – 2027 (Thousand Units)
TABLE 13. Global compressed air treatment equipment industry estimates and forecast by region, 2017 – 2027 (USD Million)
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