Compressed Air Treatment Equipment Market Size By Product (Filters [Particulate Filter/ Pre-Filter, Coalescing Filter/ Oil Removal, Adsorber Filter/ Oil Vapor Removal, Filtered Centrifugal Separator, High Temperature After Filters, Moisture Separators], Dryers [Refrigerated Dryers, Desiccant Air Dryers, Membrane Dryers, Deliquescent Dryers], Aftercoolers), By Application (Plant Air/ Shop Air, Instrument Air, Process Air, Breathing Air), By Sector (Chemical, Paper, Food & Beverage, Healthcare, Automotive, Industrial, Steel, Construction, Aerospace, Electronics), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
Published Date: Feb 2020 | Report ID: GMI124 | Authors: Kiran Pulidindi, Soumalya Chakraborty
Industry Trends
Compressed Air Treatment Equipment Market size was valued at close to USD 8.5 billion in 2019 and will exhibit growth with around 6.5% CAGR from 2020 to 2026. Increasing applications of compressed air in many sectors such as food & beverage, healthcare, manufacturing, etc. will be the chief factor driving the market demand in coming years.
Get more details on this report - Request Free Sample PDF
Compressed air is an integral source of power in the industries that utilizes pneumatic tools. Industries such as food & beverage, electronics, manufacturing, oil & gas, construction, etc. requires compressed air in their operations. Quality of compressed air used in some sectors such as medical, food & beverage, etc. has utmost importance. These industries require clean air without any contamination.
Food & beverage industry needs continuous and contamination-free compressed air for various operations and production tasks. Compressed air used in this sector must be dry and clean due to the risk associated with food contamination. Compressed air is widely used for cooling & freezing products, pelleting and packing products, for nitrogen generation, in beverage & food filling equipment, closing and checking devices, etc.
In electronics industry, compressed air is used for printed circuit cleaning during servicing or after production, measuring instruments, to convey components pneumatically, to remove dust from liquid-crystal screen surfaces, to operate sensitive valves, etc. In healthcare industry, compressed air of high purity is used for autoclaves and sterilizing, for supplying oxygen to patients, in patient simulators, medical gas booms, hospital headwalls, chiropractic & physiotherapy tables, surgical instruments, adjusting hospital seats and beds, air or vacuum aspirators, pumping of bandages, etc.
Development in global food & beverage and electronics industry, increasing spending on healthcare advancements, rising manufacturing activities in Asia Pacific region are some of the chief factors that will augment the demand for compressed air. These trends will trigger the demand for compressed air treatment equipment.
However, high maintenance and operation cost associated with the product might hinder the market development in coming years.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2019 | Market Size in 2019: | 8,449.5 Million (USD) |
| Historical Data for: | 2016 to 2019 | Forecast Period: | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR: | 6.3% | 2026 Value Projection: | 12,960.2 Million (USD) |
| Pages: | 650 | Tables, Charts & Figures: | 734 |
| Geographies covered (48): | U.S., Canada, Germany, UK, France, Spain, Italy, Netherlands, Belgium, Switzerland, Austria, Hungary, Poland, Romania, Czech Republic, Slovenia, Ukraine, Greece, Sweden, Denmark, China, India, Japan, Australia, Indonesia, Malaysia, Singapore, Korea, Thailand, Vietnam, Cambodia, Brazil, Mexico, Venezuela, Argentina, Peru, Chile, Colombia, Saudi Arabia, Qatar, UAE, South Africa, Morocco, Algeria, Tunisia, Egypt, Libya, Sudan | ||
| Segments covered: | Product, Application, Sector, Region | ||
| Companies covered (41): | Chicago Pneumatic, Aircel Corporation (Aircel LLC), Airfilter Engineering, Alpha-Pure Corporation, Atlas Copco, SPX Flow, Great Lakes (Great Lakes Air Products, Inc.), Omega Air, MTA S.p.A., Aerzener Maschinenfabrik GmbH, Elgi Compressors USA, Inc., Beko Technologies Corp., Boge Compressors, CompAir Holdings ltd., Emerson Climate Technologies, Inc., Donaldson Company, Inc., FS Curtis (Curtis-Toledo, Inc.), Gardner Denver, Inc., Gem Equipments Ltd (Gem Equipments Private Limited), Bauer Compressors, Inc., Frank Technologies, Ingersoll-Rand plc, Kaeser Kompressoren SE, Lectrodryer, Mann+Hummel Purolator, FRIULAIR S.r.l., Mikropor Inc., Norgren, Inc., Parker Hannifin Manufacturing Ltd., Pentair, Pneumatech Air/Gas Purity Equipment Co., Ltd., Precision Filtration Products, Quincy Compressor, Seneca Companies, SMC Corporation, Sullair, LLC, Sullivan-Palatek, Inc., Van Air, Inc., Walker Filtration, Wilkerson Corporation, ZEKS Compressed Air Solutions | ||
| Growth Drivers: |
|
||
| Pitfalls & Challenges: |
|
||
Request 15% Free Customization on this Report
Dryers segment will garner the highest revenue share
Based on product, compressed air treatment equipment market is categorized into filters, aftercoolers, dryers, and others which includes drain traps, purifiers, condensate treatment equipment, etc. Filters segment comprises of pre-filter/particulate filter, filtered centrifugal separator, coalescing filter or oil removal, adsorber filter, moisture separators and high temperature after-filters. Dryers segment includes desiccant air dryers, refrigerated dryers, membrane dryers and deliquescent dryers.
Air dryers are extensively used to reduce or remove the water content in the compressed air, which can cause corrosion in equipment, electrical component failures and may result in contamination in chemical manufacturing and food & beverage. Increasing production of electronic components, electrical equipment coupled with rapid development in the global food & beverage and chemical industries will augment the demand for air dryers in coming years.
Process air to be the most popular application segment
Get more details on this report - Request Free Sample PDF
Process air will have the largest market share till 2026. Purity of compressed air is one of the critical factors in several operational processes like chemical reactions, baghouse discharge systems, wind tunnels, logistics, etc. Compressed air treatment equipment is widely used in such processes to maintain the purity of the compressed air.
Rapid development in pharmaceutical and chemical industries in the developing economies, especially in Asia Pacific region will augment the compressed air treatment equipment demand for this application segment. Furthermore, stringent regulations and government mandates for industrial processes will also trigger the product usage in this application segment.
Healthcare sector to be the highest revenue generating industry
Healthcare sector will account for the largest compressed air treatment equipment market demand through 2026. Medical industry uses compressed air for many applications such as dental work, oxygen supply to wards, anaesthesia, etc. Medical air must be clean and free from any form of contamination. The compressed air systems used in the sector must be abide by various statutory requirements which makes it indispensable.
Application of compressed air in pharmaceutical sector includes tablet coating, material handling, medicinal bottle filling, product drying, nitrogen generation, etc. Rapid development in the healthcare sector of developing economies coupled with rising investment in the global healthcare industry will trigger the product demand in this sector.
Asia Pacific to dominate the global compressed air treatment equipment market demand
Get more details on this report - Request Free Sample PDF
Asia Pacific compressed air treatment equipment market will account for the majority of global revenue share during the forecast timespan. The region is known as the hub for electronics manufacturing. The region has witnessed significant growth in its manufacturing sector over the last few years. Major global manufacturing players have shifted their focus to the developing economies such as India, China, Korea, Japan, and Southeast Asia countries due to availability of raw materials, cheap labour, etc. This trend has radically increased the market demand in the Asia Pacific region.
Rapid industrialisation, robust economic development, favourable government initiatives, public and private investments, rising urbanisation, are some of the factors driving the growth of major industries in the region. These trends will augment the consumption of compressed air treatment equipment.
Merger & acquisition forms the major basis for business expansion
Major industry players prefer merger and acquisition to sustain their competitive edge in the market. Some of the major players in compressed air treatment equipment market share are Atlas Copco, Ingersoll Rand, Gardner Denver, Kaeser, Donaldson, Emerson Climate Technologies, Parker Hannifin, Mann+Hummel etc.
In August 2016, Atlas Copco completed the acquisition of the German company Schneider Druckluft GmbH, a professional compressed air solution producer. This acquisition helped the company to strengthen their distribution network in Germany and has enhanced their product portfolio. In May 2017, Atlas Copco acquired Pressure Compressors Ltd., a Brazil based piston compressors and related equipment manufacturer. This acquisition has helped the company to strengthen their presence in Brazil and South America region.
Compressed Air Treatment Equipment Market, by Product
- Filters
- Particulate filter/pre-filter
- Coalescing filter/oil removal
- Adsorber filter/oil vapor removal
- Filtered centrifugal separator
- High temperature after filters
- Moisture separators
- Dryers
- Refrigerated dryers
- Desiccant air dryers
- Membrane dryers
- Deliquescent dryers
- Aftercooler
- Others
Market, by Application
- Plant air/shop air
- Instrument air
- Process air
- Breathing air
Market, by Sector
- Chemical
- Paper
- Food & beverage
- Healthcare
- Automotive
- Industrial
- Steel
- Construction
- Aerospace
- Electronics
- Others
The above information is provided on a regional basis for the following:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Netherlands
- Belgium
- Switzerland
- Austria
- Hungary
- Poland
- Romania
- Czech Republic
- Slovenia
- Ukraine
- Greece
- Sweden
- Denmark
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- Singapore
- Korea
- Thailand
- Vietnam
- Cambodia
- Latin America
- Brazil
- Mexico
- Venezuela
- Argentina
- Peru
- Chile
- Colombia
- Middle East & Africa
- Saudi Arabia
- Qatar
- UAE
- South Africa
- Morocco
- Algeria
- Tunisia
- Egypt
- Libya
- Sudan
Frequently Asked Questions (FAQ) :
Buy Now
Need a Discount? Get in touch with us for special pricing
Request DiscountConnect with our sales team
- Phone: 1-302-846-7766
- Toll Free: 1-888-689-0688
- Email: [email protected]
- Chat With Us: Click here to start
GMIPulse Subscription Trial
Take a free trial of GMIPuse, our report store; designed to provide clients a range of market research services, all on a single platform.
Start Your Free TrialBenefits of Association
Data Coverage & Quality
GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.
Client Trust & Security
GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.
Customer Service
Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.