The global compressed air treatment equipment market reached a value of US$ 8.26 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 12.05 Billion by 2027, exhibiting a CAGR of 6.30% during 2022-2027.
Compressed air treatment equipment are utilized to dehumidify and clean air before it enters a compressor. They involve the usage of coalescing, particulate, deliquescent, high-temperature after-filter, moisture separator, refrigerated, membrane, and desiccant air dryers. Compressed air treatment equipment are lightweight, compact, and assist in reducing rust and corrosion, improving operations, maintaining productivity, etc. They have extensive utilization in conveyor systems, robotic arms, paint sprays, jackhammers, nitrogen generation, drills, drying, etc. As a result, compressed air treatment equipment find widespread applications across various sectors, such as food and beverage (F&B), manufacturing, aerospace, automotive, pharmaceuticals, power generation, healthcare, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The elevating prevalence of several chronic ailments, including cardiovascular diseases, especially among the geriatric population, is primarily driving the compressed air treatment equipment market. Besides this, these devices are majorly used in respiratory support applications, such as life-support machines, oxygen generators, atomizers, etc., which is further augmenting the market growth. Apart from this, the escalating requirement for highly purified compressed air in the pharmaceutical industry for product drying, material handling, tablet coating, etc., is also catalyzing the global market.
Moreover, increasing technological advancements and the launch of environment-friendly air compressors that provide enhanced stability are acting as significant growth-inducing factors. Furthermore, the inflating industrialization levels, particularly in emerging economies, along with the expanding research and development (R&D) activities to launch novel air compressors, are anticipated to propel the compressed air treatment equipment market over the forecasted period.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Airfilter Engineering, Alpha-Pure Corporation, Atlas Copco AB, BOGE KOMPRESSOREN Otto Boge GmbH & Co. KG, Donaldson Company Inc., Ingersoll Rand Inc., Kaeser Compressors Inc., Mann+Hummel, Mattei Compressors Inc., Parker-Hannifin Corporation, Pentair plc and Pneumatech.
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The report has segmented the market on the basis of region, product, application and end user.
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