Compressed Air Treatment Equipment Market Analysis and Global Forecast 2023-2033

Compressed Air Treatment Equipment Market Overview

The Compressed Air Treatment Equipment Market Size is expected to reach USD 12.69 Billion by 2033. The Compressed Air Treatment Equipment industry size accounted for USD 8.47 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 11.65% from 2023 to 2033. 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.

Global Compressed Air Treatment Equipment Market Synopsis

COVID-19 Impact Analysis

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.

Global Compressed Air Treatment Equipment Market Dynamics

The major factors that have impacted the growth of Compressed Air Treatment Equipment are as follows:

Drivers:

⮚     Technological Advancements

Innovations in compressed air treatment technology, including advancements in filtration, drying, and monitoring systems, enhance performance and reliability. Smart technologies that enable real-time monitoring and predictive maintenance are becoming increasingly popular, driving market growth.

Restraint:

• Technological Complexity

The increasing sophistication of compressed air treatment technology can pose challenges. More complex systems require specialized knowledge for operation and maintenance. Companies may need to invest in training for their staff or hire skilled personnel, which can be an additional financial burden.

Opportunity:

⮚     Increasing Focus on Industrial Automation

As industries continue to adopt automation technologies, the demand for high-quality compressed air systems that support automated processes grows. This trend presents opportunities for companies to develop and market advanced air treatment equipment that can enhance the performance and reliability of automated systems.

Compressed Air Treatment Equipment Market Segment Overview

By Technology

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.

By Component

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.

By End-use

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.

Global Compressed Air Treatment Equipment Market Regional Analysis

Based on region, the market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The area of North America is anticipated to dominate the market for the usage of Compressed Air Treatment Equipment, followed by those in Asia-Pacific and Europe.

Compressed Air Treatment Equipment North America Market

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.

Compressed Air Treatment Equipment Asia Pacific Market

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.

Competitive Landscape

The competitive landscape includes key players (tier 1, tier 2, and local) having a presence across the globe. Companies such as Atlas Copco Corporation, Airfilter Engineering, ALPHA-PURE, Beko Technologies, and BOGE Compressors are some of the leading players in the global  Compressed Air Treatment Equipment Industry. These players have adopted partnership, acquisition, expansion, and new product development, among others as their key strategies.

Key Market Players:

• 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

Key development:

In September 2022, Atlas Copco Corporation launched a new line of energy-efficient air compressors and air treatment solutions, emphasizing advancements in sustainability and reduced operational costs.

Scope of the Report

Global Compressed Air Treatment Equipment Market, by Technology

• Filters
• Dryers
• Air coolers
• Others

Global Compressed Air Treatment Equipment Market, by Component

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

Global Compressed Air Treatment Equipment Market, by End-use

• Chemicals
• Food & Beverage
• Automotive
• Pulp and Paper
• Medical & Health
• Others

Global Compressed Air Treatment Equipment Market, by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Indonesia
  • Austalia
  • Malaysia
  • India
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of Middle East & Africa

Parameters	Indicators
Market Size	2033: USD 12.69 Billion
CAGR (2023-2033)	11.65%
Base year	2022
Forecast Period	2023-2033
Historical Data	2021 (2017 to 2020 On Demand)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations	Technology, Component, End-use
Geographies Covered	North America, Europe, Asia-Pacific, South America, Middle East, Africa
Key Vendors	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.
Key Market Opportunities	·       The increasing demand for compressed air treatment equipment from numerous applications.
Key Market Drivers	·       The rise in the demand for effective compressed air treatment equipment

 

REPORT CONTENT BRIEF:

• High-level analysis of the current and future Compressed Air Treatment Equipment Industry trends and opportunities
• Detailed analysis of current market drivers, restraining factors, and opportunities analysis in the future
• Historical market size for the year 2021, and forecast from 2023 to 2033
• Compressed Air Treatment Equipment market share analysis for each segment
• Competitor analysis with a comprehensive insight into its product segment, financial strength, and strategies adopted.
• Identifies key strategies adopted by the key players including new product development, mergers and acquisitions, joint ventures, collaborations, and partnerships.
• To identify and understand the various factors involved in the global Compressed Air Treatment Equipment market affected by the pandemic
• To provide year-on-year growth from 2022 to 2033
• To provide short-term, long-term, and overall CAGR comparison from 2022 to 2033.
• Provide Total Addressable Market (TAM) for the Global Compressed Air Treatment Equipment Market.