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, 2021 – 2027

Industry Trends

Compressed Air Treatment Equipment Market size valued at USD 7.87 billion in 2020 and will grow at 5.6% CAGR from 2021 to 2027. Increasing demand for clean & dry compressed air to prolong the life cycle of air compressor systems and pneumatic devices will primarily propel the industry growth.
 

Compressed air is an indispensable driving agent in various industries including manufacturing, chemical, and construction where it is used to drive conveyor systems, robotic arms, press, paint sprays, drills, & jackhammers. It also finds wide applications in processes such as nitrogen generation, decontamination of an area, aeration, and drying. Thus, growing uses of precision engineering machines and increasing competency among manufacturers to improve efficiency and effectiveness of the production facilities to extend the stipulated lifespan of involved machineries will catalyze compressed air treatment equipment market growth.
 

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Growing prevalence of chronic diseases, such as asthma, cardiovascular diseases, diabetes, cancer, and other respiratory diseases, has significantly driven the healthcare industry in the U.S. and Europe & Asian countries. The growing number of the U.S. FDA safety regulations coupled with rising geriatric population is significantly driving the need for compressed medical air. Hospitals heavily rely on compressed air as it is vital for a large number of critical end-uses, i.e., any issue with the quality or delivery of compressed air can jeopardize the patient’s safety and health. Due to these factors, compressed air systems used in this sector must comply to various statutory requirements that make them indispensable.
 

High-costs associated with compressed air treatment equipment may hamper the product demand during the forecast time span. Moreover, compressed air is one of the least energy-efficient applications, which leads to very high operational costs. Timely checks and regular maintenance to provide optimal efficiency may also limit demand in the near term. However, positive outlook of the automotive, healthcare, and food & beverage sectors is supporting the industry expansion.
 

Growing need for enhanced quality of compressed air to spur market revenue

Dryers are indispensable compressed air treatment equipment that enhance the quality of compressed air. Compressed air dryers is likely to account for around 35% of the compressed air treatment equipment market share in 2027 owing to their wide usage to remove or reduce the amount of water from the compressed air. Even after the use of moisture filters and separators, trace amounts of water are still commonly present in the compressed air. This water can cause corrosion of metallic equipment, failure in electrical components, and may cause contamination in the food & beverage and chemical manufacturing industries. High growth in the healthcare sector and increasing production of pharmaceutical products is poised to augment growth in the dryer segment as these activities need moisture-free compressed air.
 

Process air to be the most popular application segment

Compressed air is required in various operational processes such as chemical reactions, logistics, wind tunnels, and baghouse discharge systems. Process air is projected to witness around 4.5% CAGR from 2021 to 2027 impelled by the presence of moisture and other contaminants in the process air, which may result in disastrous consequences in the plants. Thus, it is mandatory to use compressed air treatment equipment in these processes where the required dew point is very less. To achieve the optimum quality of process air, a compressed air treatment equipment delivering air below -40?C is recommended in many facilities, especially in the chemical and pharmaceutical industries.
 

Continuous development in the healthcare sector and rising awareness of new drugs to fuel growth

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In 2020, the healthcare industry generated more than USD 1 billion in compressed air treatment equipment market size. The rising usage of compressed air treatment equipment for medical compressed air in the sector is fueling the market demand. Medical air refers to the clean supply of compressed air in hospitals and healthcare facilities to distribute medical gas, free from contamination & particles. Medical compressed air is a pharmaceutical product that comply with a range of statutory requirements & standards, making the product indispensable.
 

In hospitals and medical facilities, many procedures are powered by compressed air including anesthesia, oxygen supply to wards, and dental work owing to safer, faster, & more comfortable operations. Furthermore, the requirement for highly purified compressed air for tablet coating, medicinal bottle filling, material handling, nitrogen generation, product drying, and various other applications is set to drive product penetration in the sector.
 

Rising manufacturing activities to boost Asia Pacific market

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Asia Pacific compressed air treatment equipment market revenue is strengthened by the demand from China and is estimated to observe above 6% growth rate through 2027. The global manufacturing industry shift toward the emerging economies of China, India, Indonesia, South Korea, and Southeast Asia will signify high compressed air treatment equipment demand in the coming years. The global leadership of China in automotive and general manufacturing is having a notable influence on the overall market as compressed air is required in a varied range of industrial environments.
 

The fast-developing electronics industry in the region is anticipated to augment the compressed air treatment equipment industry demand as it requires highly purified compressed air to avoid mishaps in the production line.
 

Merger & acquisition to increase competition in the industry

Market participants are constantly investing in geographic expansion through partnerships, joint ventures, mergers & acquisitions to attain a competitive edge. In September 2019, Elgi Compressors USA, Inc. opened a new headquarters in Europe, which shows its strong growth across the region. The office is designed to build collaboration and foster innovation in the regional market.
 

The key compressed air treatment equipment market participants include Atlas Copco, Gardner Denver, Ingersoll Rand, Kaeser, Emerson Climate Technologies, Donaldson, Mann+Hummel, and Parker Hannifin.
 

This market research report on compressed air treatment equipment includes in-depth coverage of the industry with estimates & forecast in terms of volume in Thousand units and revenue in USD Million from 2017 to 2027, for the following segments:

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 and country 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