Compressed Air Treatment Equipment Market Analysis

Global Compressed Air Treatment Equipment Market Overview

The compressed air treatment equipment market size was valued at USD 8.45 billion in 2023. The compressed air treatment equipment industry is projected to grow from USD 9.04 Billion in 2024 to USD 12.1 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.71% during the forecast period (2024 - 2032). Growing usage of compressed air treatment equipment in the manufacturing sector and increased efficiency by improved equipment lifecycle are the key market drivers expanding the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Compressed Air Treatment Equipment Market Trends

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  Growing need for contaminant and moisture control in critical operational processes to boost market growth

  
  

This growth can be credited to increased compressed air treatment equipment market usage across various operational processes such as logistics, chemical reactions, and wind tunnels. Factories and plants are at high risk of hazard, owing to the presence of moisture and other contaminants which can hamper the operations of compressed air treatment equipment. To address this issue, using this compressed air treatment equipment for process air applications has become crucial, which may further drive segmental progress.

Further, compressed air treatment equipment market are used widely to fulfill various purposes across different industries. The rise in the demand for effective air compressors is one of the reasons for the increasing demand for compressed air treatment equipment. Air compressors are used for inflating vehicle tires at gas stations, painting vehicles with an airbrush, spraying crops in agriculture and farming, operating laundry presses and steam cleaners, filling equipment for drinks and cooling and freezing products in the food and beverage industry, and numerous other reasons in industries ranging from pharmaceuticals, food and beverage, energy exploration, agriculture and farming, dry cleaning to manufacturing. Therefore, this requires deploying an effective compressed air treatment system to protect the compressor. Such treatment equipment is highly demanded as they ensure the efficient and prolonged running of the systems by minimizing rust and corrosion that wet and dirty air can cause. This will also increase efficiency in end-use machinery by reducing CO2 emissions, energy consumption, and overall costs, which have enhanced the compressed air treatment equipment market CAGR across the globe in recent years.

Figure 2: CO2 emissions by economic sectors

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Additionally, innovation, global competition, and new technologies are the major driving factors behind the compressed air treatment equipment expansion and growth. Companies are growingly investing in research & development to develop products that are energy-efficient, technologically advanced, and cost-effective. However, the beginning of smart technologies that reverberates with the Industry 4.0 revolution around the globe is expected to be the prominent driving factor for market growth of the compressed air treatment equipment industry revenue.

Compressed Air Treatment Equipment Market Segment Insights:

Compressed Air Treatment Equipment Product Insights

The global compressed air treatment equipment market segmentation, based on product, includes filters, dryers, and air coolers. The filter segment held the majority share in 2022, contributing to the global Compressed Air treatment technologies Market revenue. The filter segment is energy-efficient, easy to use, and offers safety and flexibility. Moreover, the availability of high-performance filters that assist in reducing pressure loss by approximately 40% - 50% positively impacts the market growth. However, dryers are the fastest-growing category due to their growing use in various end-user industry. Dryers are utilized to eliminate water vapor in various industrial applications, including chemical, food processing & packaging, paper, semiconductor manufacturing, and pharmaceutical drugs.

Compressed Air Treatment Equipment Application Insights

The global compressed air treatment equipment market segmentation has been bifurcated by application into plant air/shop air, process air, instrument air, and breathing air. The process air category dominated the market in 2022 and is anticipated to be the faster-growing category during the forecast period, 2023-2030. This is owing to its high adoption in various operational processes, including logistics, chemical reactions, baghouse discharge systems and wind tunnels. This air treatment equipment is commonly used where the point is very low. However, instrument air is the fastest-growing category due to growing demand for compressed air treatment equipment across the pharmaceutical and food processing enterprises, thereby driving the overall sales for the product.

Figure 3:  Compressed Air Treatment Equipment Market, by Application, 2024 & 2032 (USD billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Compressed Air Treatment Equipment Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. North America compressed air treatment equipment market accounted for USD 3.62 billion in 2022 and is anticipated to exhibit a significant CAGR growth during the study period. Dry and clean air expands machine life and enhances product quality, lowering maintenance prices. As a result, there has been an enhancement in demand of compressed air treatment equipment in these industries, which is likely to continue over the forecast period across the region.

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 4:  COMPRESSED AIR TREATMENT EQUIPMENT MARKET SHARE BY REGION 2022 (%)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Asia-Pacific compressed air treatment equipment market accounts for the second-largest market share due to the growing use of modern automation technology in several production units is likely to fuel compressed air treatment equipment sales in this region. Moreover, China Air compressor filtration Market held the largest market share, and the India compressed air treatment equipment market was the fastest-growing market in the Asia-Pacific region.

The Europe compressed air treatment equipment market is anticipated to grow at the fastest CAGR from 2022 to 2030. The food and beverage industry has been heavily affected by compressed air treatment equipment owing to the availability of leading manufacturers. The rapid enhancement in industrial, pharmaceutical, and other end-use sectors. Further, the Germany Compressed Air treatment technologies Market held the largest market share, and the UK Compressed air drying Market was the fastest-growing market in the European region.

Compressed Air Treatment Equipment Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the compressed air treatment equipment market grow even more. Market participants are also taking a range of strategic initiatives to grow their footprint all over the globe, with key market developments such as new product establishments, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the compressed air treatment equipment industry must provide cost-effective items to enhance and survive in an increasingly competitive and growing market environment.

One of the major business strategies manufacturers adopt in the global compressed air treatment equipment industry to expand clients and increase the market sector is manufacturing locally to decrease operating costs. In recent years, compressed air treatment equipment players have focused on R&D and integrated several cutting-edge technologies to maintain themselves in a highly competitive environment. In the Compressed Air treatment accessories Market, major players such as Atlas Copco Corporation (Sweden), Airfilter Engineering (Malaysia), Alpha-Pure (US), and others are working on expanding the market demand by investing in research and development activities.

Atlas Copco is a Swedish multinational industrial company that was founded in 1873. It manufactures industrial tools and equipment. The Atlas Copco Group is a global industrial group of companies headquartered in Nacka, Sweden. The company develop, manufacture, service, and rent industrial tools, compressed air treatment equipment, and construction and assembly systems. The Group operates in four areas such as compressor technology, vacuum technology, power technology and industrial technology. In September 2022, Atlas Copco acquired DF-Druckluft-Fachhandel GmbH, an online platform in Germany for compressed air treatment equipment and service providers. The acquisition permits the former to strengthen its market presence in Germany.

Also, SMC Corporation was founded in 1959 as Sintered Metal Corporation, specializing in pneumatic control engineering to help industrial automation. SMC develops a huge range of control systems and equipment, including directional control valves, actuators, and airline equipment, to support diverse applications. SMC's head office is in Sotokanda, Chiyoda-ku, and Tokyo, Japan. The enterprise has a global engineering network with technical facilities in the US, Europe, China, and Japan. Major production facilities are located in China and Singapore, and local production facilities are in the United States, Mexico, Brazil, Europe, India, Korea and Australia. In February 2022, SMC Corporation Australia and New Zealand launched its next-generation mainline filtration range – the AC-D Series, which has been modified from previous iterations to accommodate the modern factory's ever-changing needs.

Key Companies in the Compressed Air Treatment Equipment market include

• Atlas Copco Corporation (Sweden)


• Airfilter Engineering (Malaysia)


• Alpha Pure (US)


• Beko Technologies (Germany)


• BOGE Compressors (Germany)


• Chicago Pneumatic (India)


• Donaldson Company, Inc. (US)


• Gem Equipment’s Ltd (India)


• Industrial Air Power (IAP) (UK)


• Kaeser Compressors, Inc. (US)


• Pneumatech, Inc. (US)


• Pentair plc. (US)


• Precision Filtration Products (US)


• Seneca Companies, Inc.(US)


• Hitachi Ltd (Japan)


• Sullivan-Palatek, Inc. (US)


• Van Air Systems (US)


• Gardner Denver (US), among others

Compressed Air Treatment Equipment Industry Developments

May 2022: Elgi launched two portable air compressors at EXCON 2022. One is the diesel-powered PG 575 - 225, and the other compressed air treatment equipment is the electric-powered PG 110E-13.5. This strategic launch was intended to enable the extension of the company's product portfolio.

Compressed Air Treatment Equipment Market Segmentation

Compressed Air Treatment Equipment Product Outlook

• Filter


• Dryers


• Air Cooler

Compressed Air Treatment Equipment Application Outlook

• Plant Air/Shop Air


• Process Air


• Instrument Air


• Breathing Air

Compressed Air Treatment Equipment Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America