Compressed Air Treatment Equipment Market to exceed $11Bn by 2027
Published Date: January 12, 2021 Authors: Kiran Pulidindi, Akshay Prakash
Compressed Air Treatment Equipment Market size is forecast to exceed USD 11 billion by 2027, according to a new research report by Global Market Insights, Inc.
A significant development in the healthcare sector globally coupled with increasing healthcare expenditure will augment the market for compressed air. In the healthcare sector, compressed medical air of superior quality is used for sterilizing & autoclaving, supplying oxygen to patients, hospital headwalls, surgical instruments, medical gas booms, and air or vacuum aspirators. The medical industry also uses compressed air for dental work, anesthesia, and supply oxygen to wards. It is widely used in the pharmaceutical sector for material handling, nitrogen generation, tablet coating, product drying, and medicinal bottle filling. These factors will fuel compressed air treatment equipment market demand.
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Filters product segment is projected to witness around 6.5% CAGR through 2026 driven by the requirement for clean compressed air, free from dirt, dust, & oil. Filters employ techniques, such as direct interception, inertial impaction, and diffusion, which may sometimes be enhanced by electrostatic attraction to remove contaminants. The rising end-user awareness of the impacts of compressed air quality on their production systems and equipment life will propel the demand for filters.
Browse key industry insights spread across 640 pages with 692 market data tables & 52 figures & charts from the report, “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” in detail along with the table of contents:
Supply of clean & dry air for operations to support plant air segment penetration
Plant air segment is likely to observe 5% growth rate till 2027. The presence of contaminants in the air enhances corrosion and reduces the life of valves, pipes, & fittings, resulting in plugging or clogging. Disruption in the production lines due to plugging in the compressed air pipes may lead to unwanted delays and losses to the industries. Thus, the rapidly developing industrialization and increasing emphasis on product quality are the prime factors in the compressed air treatment equipment market growth from plant air or shop air.
The demand for compressed air treatment equipment in production industries has witnessed significant growth over recent years. The extensive use of compressed air in the manufacturing industry including spray finishing equipment to vaporize paint, in air operated lifting equipment, and in air operated tools is driving the application demand. Compressed air is also used in other industrial applications such as shot blasting, clamping, stamping, tool powering & cleaning, controls & actuators, cutting & welding equipment, and injection molding.
An incessant requirement for clean & moisture-free compressed air to ensure the prolonged life of expensive machinery involved in manufacturing will boost product demand in the coming years.
Proliferating demand in Europe will surge product penetration
Europe compressed air treatment equipment market will witness around 5% CAGR during 2021 to 2027. Growth in the manufacturing sector of Eastern European countries will have a positive impact on the regional market. The sector’s instrument air is used to operate air tools on production lines, cutting & welding equipment, monitoring equipment, ejecting pieces from molds, and operating automatic machinery. Furthermore, the mature & developed automotive industry in Europe, mostly in Germany, will also boost compressed air treatment equipment demand for manufacturing applications.
Geographic expansion to enhance competition in the industry
Prominent manufacturers in the compressed air treatment equipment market include Atlas Copco, Gardner Denver, Ingersoll Rand, Kaeser, Emerson Climate Technologies, Donaldson, Mann+Hummel, and Parker Hannifin. Industry players are focusing on geographic expansion through partnerships, joint ventures, mergers & acquisitions to attain a competitive edge in the market. For instance, in February 2019, Curtis-Toledo, Inc. inaugurated a new factory in Pune, India. The new facility was developed to manufacture screw and centrifugal compressors. This strategy enabled the company to expand its regional facilities in Asia Pacific.
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