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Compressed Air Treatment Equipment Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

Published : Oct 2024

Report ID: ARC1298

Pages : 250

Format : Compressed Air Treatment Equipment Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

The Global Compressed Air Treatment Equipment Market Size accounted for USD 8.7 Billion in 2023 and is estimated to achieve a market size of USD 13.8 Billion by 2032 growing at a CAGR of 5.5% from 2024 to 2032.

Compressed Air Treatment Equipment Market (Product: Filter, Aftercoolers, Dryers, Others; Application: Instrument Air, Plant/Shop Air, Breathing Air, Process Air; End Use Industry: Food & Beverage, Pulp and Paper, Chemical, Healthcare, Pharmaceuticals, Others.)

Compressed Air Treatment Equipment Market Highlights

  • Global compressed air treatment equipment market revenue is poised to garner USD 13.8 billion by 2032 with a CAGR of 5.5% from 2024 to 2032
  • Asia-Pacific compressed air treatment equipment market value occupied around USD 3.1 billion in 2023
  • Asia-Pacific compressed air treatment equipment market growth will record a CAGR of more than 6.3% from 2024 to 2032
  • Among product, the dryers sub-segment generated more than USD 3.8 billion revenue in 2023
  • Based on end use industry, the food & beverage sub-segment generated around 30% compressed air treatment equipment market share in 2023
  • IoT and AI integration to enable predictive maintenance and optimization is a popular compressed air treatment equipment market trend that fuels the industry demand

Compressed Air Treatment Equipment Market Dynamics

Clean air is essential for the proper functioning of industrial equipment in order to be a successful compressed air system. However, the compressor contains both particles and contaminants from the compressor itself in the surrounding atmosphere. These contaminants damage the end-use equipment, which decreases their lifetime. Therefore, in a number of end-use applications, quality of compressed air is of prime importance. In the forecast years, this will promote compressed air treatment equipment market market growth.

These treatments enhance the performance and reliability of the end-use machines while reducing CO2 emissions, energy and operational costs in order to deliver maximum production operating times. This has led to the increasing adoption of products in several end users industries, including chemical, food & drink, automotive, and aerospace & defense industries. The unprocessed air contains many harmful pollutants that need to be removed or reduced to acceptable standards in order to provide a safe and economical food and beverage production facility.

Global Compressed Air Treatment Equipment Market Dynamics

Market Drivers

  • Increased demand for clean and dry air in industries such as medicines, food, and electronics
  • Growing automation and industrialization, resulting in higher compressed air consumption
  • Government legislation about air quality and energy efficiency
  • Advancements in compressed air treatment technology

Market Restraints

  • Equipment purchases require a significant upfront investment
  • The installation and maintenance needs are complex
  • Energy usage is connected with treatment processes

Market Opportunities

  • A growing emphasis on sustainability and energy efficiency
  • Industrialization promotes the expansion of emerging markets
  • Creation of novel and cost-effective therapeutic options

Compressed Air Treatment Equipment Market Report Coverage

Market Compressed Air Treatment Equipment Market
Compressed Air Treatment Equipment Market Size 2022

USD 8.7 Billion

Compressed Air Treatment Equipment Market Forecast 2032 USD 13.8 Billion
Compressed Air Treatment Equipment Market CAGR During 2023 - 2032 5.5%
Compressed Air Treatment Equipment Market Analysis Period 2020 - 2032
Compressed Air Treatment Equipment Market Base Year
2022
Compressed Air Treatment Equipment Market Forecast Data 2023 - 2032
Segments Covered By Product, By Application, By End Use Industry, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Lectrodryer, Ingersoll-Rand, Sanmina Corporation, BOGE, Chicago Pneumatic, SPX Flow, Atlas Copco, Mann+Hummel, Airfilter Engineering, and Beko Technologies.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis

Compressed Air Treatment Equipment Market Insights

The increasing use of such equipment is expected to fuel the demand of the market in various sectors such as health and pharmaceutical services, food and beverages, and electronics and semi-conductive industries. In the manufacturing sector this equipment is mainly used for various tasks, including vacuum, valve operation, packing, spray covering and cleaning. The use of clean and dry air reduces operational costs and ensures cost-effective and efficient production. Due to hygiene, as well as safety concerns, compressed air treatment equipment is commonly used in food industry. The proliferation of this equipment is likely to drive industrial demand in the medical sector dusring the compressed air treatment equipment market forecast period.

The widespread use of this medical equipment is likely to drive demand in the industry. Prevents harm caused to manufacturing equipment such as air instruments, air motors, valves, cylinders and corrosion from pollutants such as oil, dirt, humidity or water. Furthermore, a lack of these filters could result in decreased production, damaged, spoilt, or reworked items, as well as higher production expenses. It also helps to reduce pressure drop and energy usage. The quality of compressed air is influenced not only by the compression process, but also by the transportation of cleansed air before it is used for its intended purpose. Compressed air treatment is thus seen as an intelligent option for compressors because it not only protects end-use machinery from all types of contaminants, but also improves efficiency and longevity by reducing corrosion and rusting.

Compressed Air Treatment Equipment Market Growth 2024 - 2032

Compressed Air Treatment Equipment Market Segmentation

The worldwide market for compressed air treatment equipment is split based on product, application, end use industry, and geography.

Compressed Air Treatment Equipment Market By Product

  • Filter
  • Aftercoolers
  • Dryers
  • Others

According to compressed air treatment equipment industry analysis, the dryer segment was a significant market share in 2023 and the most rapid CAGR over the forecast period. Water vapor on compressed air systems causes corrosion, premature failure, problems in quality controls, frozen air lines, and a number of other operational problems in heavy industrial operations. Desiccating drier treatments cleans the compressed air and work with the industry air compressor by absorbing moisture.

The filters segment are projected to gain traction over the compressed air treatment equipment industry forecast period because they are energy efficient, easy-to-use and offer safety and flexibility. In addition, the proceeds are expected to boost sector growth in the coming years through the availability of high performance filters that reduce pressure loss.

Refrigerated air dryers is the major category in dryer segment. Refrigerated dryers work according to the condensing principle by cooling compressed air through a cooling system. In many industrial applications such as chemical, food processing & packaging, paper, semiconduction manufacturing and pharmaceutical dryers, these dryers are used to eliminate water vapor. In addition, several dental and surgical equipment are also used in the healthcare sector.

Compressed Air Treatment Equipment Market By Application

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

The breathing air category dominates the compressed air treatment equipment market because it is critical in industries that demand clean, contaminant-free air for human breathing. The healthcare, pharmaceutical, and diving industries rely heavily on high-purity air systems to ensure safety and compliance with stringent standards. The increasing demand in these industries is driven by the requirement for dependable air filtration and purification to avoid inhaling dangerous particles and contaminants. Furthermore, the increased emphasis on worker safety in hazardous areas such as mining and firefighting encourages the use of advanced breathing air treatment systems, reinforcing their market dominance.

Compressed Air Treatment Equipment Market By End Use Industry

  • Food & Beverage
  • Pulp and Paper
  • Chemical
  • Healthcare
  • Pharmaceuticals
  • Others

The food and beverage category is the largest end-use industry in the compressed air treatment equipment market. The industry's need for uncontaminated, clean air during various manufacturing procedures, such as packing, filling, and processing, drives the demand for air treatment equipment. Compressed air is extensively used in product handling, drying, and cooling processes that necessitate strict hygiene and safety considerations. Any air contaminants might cause contamination, compromising product quality and safety, requiring businesses to invest in advanced air filtration and drying systems. The growing emphasis on food safety laws and quality assurance drives the usage of compressed air treatment equipment in this area.

Compressed Air Treatment Equipment Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Compressed Air Treatment Equipment Market Drivers

Compressed Air Treatment Equipment Market Regional Analysis

One of the biggest contributors to the market of compressed air treatment equipment is rapid industrial expansion in the Asia Pacific region. Countries like India, China, Japan and Indonesia have experienced huge growth in recent years and will be developing exceptionally in the next decade. In addition, in the forecast period, continuous improvements to China and India's chemical and pharmaceutical industries will further boost the market in compressed air treatment devices.

The fastest-growing chemical and F&B industries in these areas are expected to produce Asia Pacific and North America. Dry and clean air prolongs the equipment's life and leads to improved energy efficiency and product quality, thus reducing maintenance costs. In chemical and F&B industries this is expected to boost their demand.

Compressed Air Treatment Equipment Market Players

Some of the top compressed air treatment equipment companies offered in our report includes Lectrodryer, Ingersoll-Rand, Sanmina Corporation, BOGE, Chicago Pneumatic, SPX Flow, Atlas Copco, Mann+Hummel, Airfilter Engineering, and Beko Technologies.

Frequently Asked Questions

How big is the compressed air treatment equipment market?

The compressed air treatment equipment market size was valued at USD 8.7 Billion in 2023.

What is the CAGR of the global compressed air treatment equipment market from 2024 to 2032?

The CAGR of compressed air treatment equipment is 5.5% during the analysis period of 2024 to 2032.

Which are the key players in the compressed air treatment equipment market?

The key players operating in the global market are including Lectrodryer, Ingersoll-Rand, Sanmina Corporation, BOGE, Chicago Pneumatic, SPX Flow, Atlas Copco, Mann+Hummel, Airfilter Engineering, and Beko Technologies.

Which region dominated the global compressed air treatment equipment market share?

Asia-Pacific held the dominating position in compressed air treatment equipment industry during the analysis period of 2024 to 2032.

Which region registered fastest CAGR from 2024 to 2032?

Asia-Pacific region exhibited fastest growing CAGR for market of compressed air treatment equipment during the analysis period of 2024 to 2032.

What are the current trends and dynamics in the global compressed air treatment equipment industry?

The current trends and dynamics in the compressed air treatment equipment industry include increased demand for clean and dry air in industries such as medicines, food, and electronics, growing automation and industrialization, resulting in higher compressed air consumption, government legislation about air quality and energy efficiency, and advancements in compressed air treatment technology.

Which application held the maximum share in 2023?

The breathing air application held the notable share of the compressed air treatment equipment industry.

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