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The latest report by IMARC, titled “ CompressedAirTreatmentEquipmentMarket:GlobalIndustryTrends,Share,Size,Growth,Opportun ityandForecast2023-2028
” finds that the global compressed air treatment equipment market size reached US$ 8.8 Billion in 2022. Compressed air treatment equipment decreases the dew point of the air and removes particles that may negatively damage the air compressor. Some commonly available equipment includes oil-free air compressors, air dryers, air filters, nitrogen generators, and aftercoolers. It is widely used in paint sprays, jackhammers, drills, robotic arms, conveyor systems, and drying machines to dehumidify and clean air before entering the compressor. In addition, it is compact and lightweight and helps to improve operations, maintain productivity, and reduce rust and corrosion. As a result, compressed air treatment equipment is extensively employed in aerospace, automotive, manufacturing, pharmaceuticals, power generation, paper, industrial, medical industries, and food and beverage (F&B) industries.
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The market is primarily driven by the increasing prevalence of chronic diseases, such as cardiovascular disorders, especially amongst the geriatric population. In addition, the increasing utilization of respiratory support devices, such as atomizers, life-support machines, and oxygen generators, represents another major growth-inducing factor. Moreover, the escalating demand for highly purified compressed air in the pharmaceutical industry for product drying, tablet coating, nitrogen generation, and material handling is accelerating the product adoption rate. Besides this, various technological developments, such as the introduction of environment-friendly compressors that offer stability and assure clean and dry air quality, are providing a positive thrust to the market growth.
Additionally, the increasing product utilization in the food and beverage (F&B) industry for air-cleaning containers before product filling and packaging is contributing to the market growth. Other factors, including the increasing research and development (R&D) activities conducted by key players to introduce novel air compressors, the rising disposable incomes of individuals, and rapid industrialization, particularly in emerging economies, are further creating a positive market outlook. Looking forward, IMARC Group expects the market value to reach US$ 12.3 Billion by 2028, exhibiting a CAGR of 5.4% during the forecast period (2023-2028).
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
MarketSummary:
BreakupbyProduct:
•Filters
•Dryers
•Aftercoolers
•Others
BreakupbyApplication:
•PlantAir
•InstrumentAir
•ProcessAir
•BreathingAir
•Others
BreakupbyEndUser:
•Chemical
•Paper
•FoodandBeverage
•Pharmaceuticals
•Healthcare
•Others
BreakupbyRegion:
•NorthAmerica
•UnitedStates
•Canada
•Asia-Pacific
•China
•Japan
•India
•SouthKorea
•Australia
•Indonesia
•Others
•Europe
•Germany
•France
•UnitedKingdom
•Italy •Spain •Russia
•Others
•LatinAmerica
•Brazil
•Mexico
•Others
•MiddleEastandAfrica
CompetitiveLandscapewithKeyPlayers:
• AirfilterEngineering
• Alpha-PureCorporation
• AtlasCopcoAB
• BOGEKOMPRESSORENOttoBogeGmbH&Co.KG
• DonaldsonCompanyInc.
• IngersollRandInc.
• KaeserCompressorsInc.
• Mann+Hummel
• MatteiCompressorsInc.
• Parker-HannifinCorporation
• Pentairplc
• Pneumatech.
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https://www.imarcgroup.com/compressed-air-treatment-equipment-market
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