Air Compressed Equipment Market Analysis

Air Compressed Equipment Market Analysis

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Based on end use, the market is segmented into manufacturing, pharmaceuticals, food & beverage, oil & gas, construction & mining, energy & chemical, automotive, and others. The manufacturing segment dominated the global market with a share of over 40% in 2023.
 

• The manufacturing sector is experiencing significant growth in the air compressed equipment industry due to several factors such as the growing need for automation and pneumatic tools in manufacturing processes. These systems boost productivity in manufacturing facilities by supplying dependable and effective power for a range of applications.
   
• Industries are also concentrating on energy-efficient solutions, and contemporary air compressed equipment frequently integrates cutting-edge technologies to maximize energy consumption. The market for high-performance air compressed equipment is expanding due to the growing emphasis on precision manufacturing and strict quality standards, driving market growth.

Based on component, the market is divided into compressor, treatment equipment, and distribution system. The compressor segment is anticipated to register a CAGR of over 7% through 2032.
 

• The compressor component segment is anticipated to experience significant growth, which is attributed to its rising demand across various industries. Compressors play a crucial role in providing the necessary pressure for applications such as manufacturing, construction, and energy production.
   
• With industrialization, infrastructure development, and manufacturing activities on the rise globally, the demand for compressed air continues to increase. Moreover, advancements in compressor technology, focused on energy efficiency and sustainability, further contribute to the anticipated growth as businesses seek more reliable and environmentally conscious solutions for their compressed air needs.

North America air compressed equipment market held a share of over 38% in 2023. The growth is credited to increasing industrial activities, infrastructure development, and the demand for energy-efficient solutions. The expanding manufacturing sector in the region along with increased investments in oil & gas projects is boosting market growth. Furthermore, strict laws encouraging energy efficiency and the uptake of cutting-edge technologies also drive market expansion. The demand for dependable compressed air equipment is further fueled by the emphasis on automation and smart manufacturing techniques, propelling significant growth in the North America air compressed equipment.