APAC Compressed Air Treatment Equipment Market to grow at 6.2% CAGR from 2021 to 2027: Graphical Research APAC Compressed Air Treatment Equipment Market size is set to hit USD 4.5 billion by 2027, according to a latest forecast report by Graphical Research. The rising adoption of automation and rapid industrialization is likely to escalate the industry growth. Some of the key findings of the compressed air treatment equipment industry analysis report include: o
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The rapid industrialization in the region is anticipated to create a positive outlook for the compressed air treatment equipment market and is likely to drive the demand for compressed air applications. Expanding healthcare sector and continuous development of new drugs will positively impact the industry progress. Key manufacturers include Gem Equipments (p) Ltd., Delair India Pvt. Ltd., Trident Pneumatics Private Limited, Sintonik Equipments, (P) Ltd., Annair Drychill Tech (India) Pvt., Ltd., Ingersoll Rand Inc., Atlas Copco, Shanghai Crownwell Compressor Co., Ltd., Sullair, LLC, Kaeser Kompressoren, Bauer Compressors Co. Ltd., Quincy Compressor Group, and Donaldson Company, Inc. Product manufacturers are focused on strategic initiatives, such as mergers, acquisitions, and joint ventures for the long run.
The rapid industrial growth in countries, such as India and China is likely to play a crucial role in the expansion of the compressed air treatment equipment market. The increasing requirement to extend the life of expensive machinery in manufacturing industries is fueling the demand for moisture-free and clean compressed air. Among the products, filters is anticipated to expand at a CAGR of 7.1% through 2027. Growth is ascribed to the increasing demand for filters. They are efficient in removing contaminants from the air after compression. A comprehensive range of filters, including coalescing filter, particulate filter, adsorber filter, high temperature after filters, filtered centrifugal separator, moisture separators are used to remove dirt, oil, water, and odor from the compressed air supply. Filters play a critical role to prolong the lifespan of any equipment or machine. In the end-user segment, industrial applications held a market share of over 12% in 2020attributed to the rising automation in this sector and application in a wide range of industries, including food processing, chemicals, semiconductor, and manufacturing, among others. The demand for clean compressed air for activities, such as vacuum generation, bottle cleaning, spray coating, and dehydration, among others is acting as a catalyst for the increasing the market size. 1|Page
However, the covid-19 outbreak had a severe toll on the industry growth. China – the epicenter of the pandemic, was forced under lockdown along with other nations to contain the contagious virus. The manufacturing operations in several nations were temporarily ceased due to challenges in raw material procurement and reduced product demand. Among the endusers, the paper industry was the most affected segment in 2020 and a severe downfall in the product demand was witnessed from the sector. Since China is a major raw material supplier in the region, resuming operations in the country and the reviving economy will propel the growth of other nations, thereby, will improve the market position for compressed air treatment equipment in the approaching year. The India compressed air treatment equipment market is estimated to witness 7.2% growth rate till 2027. The booming automotive and general manufacturing sectors in the nation are expected to accelerate the product demand. Additionally, electronics, construction, and chemical industries are showing promising growth rates during the projection timespan. Browse key industry insights from this 2021 report Asia Pacific Compressed Air Treatment Equipment Market in detail along with the table of contents at https://bit.ly/3xHVyuf
Segmentation of Asia Pacific Compressed Air Treatment Equipment Market:
Asia pacific Market, By Product •
Dryers • • • •
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Desiccant air dryers Refrigerated dryers Deliquescent dryers Membrane dryers
Filters • • • • • •
• •
Coalescing filter/oil removal Particulate filter/pre-filter Adsorber filter/oil vapor removal High temperature after filters Filtered centrifugal separator Moisture separators Aftercooler Others
Asia pacific Market, By Application • • • •
Instrument air Plant air/shop air Breathing air Process air
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Asia pacific Market, By End-user • • • • • • • • • • •
Food & Beverage Chemical Paper Healthcare Automotive Steel Industrial Construction Electronics Aerospace Others
The above information has been provided for the following countries: •
Asia Pacific • China • India • Japan • Australia • Indonesia • Malaysia • Singapore • Korea • Thailand • Vietnam • Cambodia • Rest of Asia Pacific
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