Press release
Expanding Compressed Air Treatment Equipment Market: Garnering Growth Opportunities with Rising CAGR of 6.9%
Compressed Air Treatment Equipment Market
What Is The Projected Market Size Of The Global Compressed Air Treatment Equipment Market And Its Growth Rate?
• The Compressed Air Treatment Equipment Market was valued at $9.4 billion in 2024.
• The market is projected to reach $10.05 billion in 2025, growing at a CAGR of 6.9%.
• The market's growth is majorly driven by the industrial growth and the rising importance of maintaining the requisite purity standards in manufacturing processes.
What Is Driving The Growth In The Compressed Air Treatment Equipment Market?
Expansion in sectors like Healthcare and Pharmaceuticals is significantly contributing to the growth of the Compressed Air Treatment Equipment Market. As compressed air plays a vital role in various medical practices and pharmaceutical manufacturing, the growth in these sectors directly impacts the market growth. Moreover, developments in these expanding sectors necessitate high-grade compressed air, favoring the adoption of advanced compressed air treatment equipment.
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Who Are the Key Players Driving Compressed Air Treatment Equipment Market Growth?
• The key factor propelling the market growth is the ever-growing Manufacturing Industry.
• The Manufacturing industry considerably relies on compressed air treatment equipment to maintain the viability and quality of their end-products.
• For instance, in July 2023, industrial output in Europe witnessed a growth, reflecting the strengthening of the manufacturing industry, and subsequently boosting the compressed air treatment equipment market.
What Are The Key Trends In The Compressed Air Treatment Equipment Market?
• A notable trend in the market is the continuous growth observed in recent years.
• The incorporation of innovative solutions for enhanced air quality is another dominant trend in the market.
• The increasing focus on energy efficiency and maintenance requirements has led to the adoption of high-grade air treatment solutions, considerably favoring the market growth.
What Are The Segments Of The Global Compressed Air Treatment Equipment Market?
• Product: Filters, Dryers, Aftercoolers
• Application: Plant Air, Instrument Air, Process Air, Breathing Air
• End-User: Chemical, Food and Beverage, Healthcare, Pharmaceuticals, Automotive, Other End-Users
Which Region Leads The Compressed Air Treatment Equipment Market?
The acquisition of SPX FLOW Inc., a U.S.-based compressed air treatment products manufacturing company, by Ingersoll Rand in January 2023 signifies the U.S. market's active role in global market development. Such strategic moves amplify the market's growth and strengthen its position in key product categories.
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What Is Covered In The Compressed Air Treatment Equipment Market Global Market Report?
- Market Size Analysis: Analyze the Compressed Air Treatment Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Compressed Air Treatment Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Compressed Air Treatment Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Compressed Air Treatment Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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