Air Treatment Equipment Market Surges: 11.65% CAGR
Evolve Business Intelligence has published a research report on the Global Compressed Air Treatment Equipment Market, 2023–2033. The global Compressed Air Treatment Equipment market is projected to exhibit a CAGR of around 11.65%during the forecast period of 2023 to 2033.
Evolve Business Intelligence has recognized the following companies as the key players in the global Compressed Air Treatment Equipment Market: Atlas Copco Corporation, Airfilter Engineering, ALPHA-PURE, Beko Technologies, BOGE Compressors, Chicago Pneumatic, Donaldson Company, Inc, Gem Equipment’s Ltd, Industrial Air Power, Kaeser Compressors, Inc
More Information: https://evolvebi.com/report/compressed-air-treatment-equipment-market-analysis/
Market Highlights
The Global Compressed Air Treatment Equipment market is projected to be valued at USD 12.69 Billion by 2033, recording a CAGR of around 11.65% during the forecast period. The compressed air treatment equipment market encompasses devices and technologies designed to improve the quality and reliability of compressed air systems. This market includes air compressors, dryers, filters, and separators that remove contaminants, moisture, and oil from compressed air. Key drivers for growth include increasing industrial automation, the need for energy efficiency, and stringent regulations on air quality. Applications span across various industries, including manufacturing, automotive, and pharmaceuticals. Technological advancements and a growing focus on sustainable solutions are also shaping the market dynamics.
The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the Compressed Air Treatment Equipment market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.
Segmental Analysis
The global Compressed Air Treatment Equipment market has been segmented based on Technology, Component, End-use
Based on the Technology, the market is segmented based on Filters, Dryers, Air coolers, Others. the Filters segment typically dominates, as they are essential for removing contaminants and ensuring the cleanliness of compressed air across various applications.
Based on the Component, the market has been divided into Plant Air/Shop Air, Process Air, Instrument Air, Breathing Air, Others. the Plant Air/Shop Air segment generally dominates due to its widespread use across various industrial applications for general operations and maintenance.
Based on End-use, the market has been divided into Chemicals, Food & Beverage, Pharmaceuticals, Others. the Food & Beverage segment typically dominates due to its high demand for stringent air quality standards to ensure product safety and quality.
More Information: https://evolvebi.com/report/compressed-air-treatment-equipment-market-analysis/
Regional Analysis
The Compressed Air Treatment Equipment market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. North America dominates the Compressed Air Treatment Equipment market due to several factors. The market for compressed air treatment equipment in North America was valued at USD 3.62 billion in 2022 and is projected to increase at a substantial compound annual growth rate (CAGR) throughout the course of the study. Clean, dry air increases machine longevity, improves product quality, and reduces maintenance costs. Because of this, there has been an increase in the need for compressed air treatment equipment in many industries, and this trend is probably going to continue throughout the region over the projection period. The Asia-Pacific region has been witnessing remarkable growth in recent years. The expanding usage of contemporary automation technology in several production units is expected to fuel compressed air treatment equipment sales in this region, giving the Asia-Pacific compressed air treatment equipment market the second-largest market share. Furthermore, the compressed air treatment equipment market in India was the fastest-growing market in the Asia-Pacific region, while the air compressor filtration market in China held the biggest market share.