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Soaring Demand Set to Propel Compressed Air Treatment Equipment Market to $13.33 Billion by 2029
Compressed Air Treatment Equipment Market
What Is the Expected CAGR for the Compressed Air Treatment Equipment Market Through 2025?
The market for compressed air treatment equipment has seen robust growth in the past few years. The size of the market is projected to increase from $9.4 billion in 2024 to $10.05 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. Factors contributing to the growth during the historic period include industrial development, adherence to quality and compliance standards, energy efficiency needs, maintenance requirements, and environmental considerations.
What's the Projected Size of the Global Compressed Air Treatment Equipment Market by 2029?
It is anticipated that the compressed air treatment equipment market will exhibit significant growth in the coming years, reaching a valuation of $13.34 billion in 2029, with a 7.3% compound annual growth rate (CAGR). This growth during the forecast period can be attributed to factors such as industrial and manufacturing expansion, intensification of manufacturing activities, strict emission standards, the burgeoning healthcare sector, and energy efficiency awareness. Key trends projected for the forecast period include a growing adoption of energy-efficient solutions, an increased attention on smart and connected devices, rigorous regulatory standards spurring innovation, attention on customization for a variety of applications, and the application of hybrid and intertwined filtration technologies.
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Top Growth Drivers in the Compressed Air Treatment Equipment Industry: What's Accelerating the Market?
The compressed air treatment equipment market is predicted to expand due to the growth of the healthcare and pharmaceutical industries. When referring to the healthcare and pharmaceutical sectors, it essentially means businesses that deal with healthcare services, medical product production, medical insurance provision, and drug and medication manufacturing. The compressed air treatment equipment finds its utility in these sectors by aiding in patient respiration and comfort, sustaining a clean and dry air supply. Almost all healthcare institutions make use of purified compressed air, as it eliminates impurities and adds safety to the products. As an example, the European pharmaceutical industry, as reported by the Belgium-based, European Federation of Pharmaceutical Industries and Associations (EFPIA), witnessed sizable growth in production, escalating from $352.48 billion in 2021 to $369.95 billion in 2022. Accordingly, the growth of the healthcare and pharmaceutical sectors is a key factor propelling the expansion of the compressed air treatment equipment market.
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What Trends Will Shape the Compressed Air Treatment Equipment Market Through 2029 and Beyond?
The growing trend of product innovation is becoming increasingly prevalent in the market for compressed air treatment equipment. Major industry players are investing in the creation of new, cutting-edge solutions in order to solidify their market standing. An example of this is UK manufacturing firm, FPS Air Compressors which, in February 2024, introduced their Contain-Air solution. This portable compressed air room offers a quick and cost-friendly solution to businesses requiring access to compressed air systems. Delivered pre-installed and ready-to-go, it makes the installation process simpler and saves on space, thereby avoiding the need for complicated configurations. The compact unit is uniquely suited for a variety of industries, such as manufacturing, food sectors, and hospitals. It can be easily incorporated into the existing infrastructure, requiring just a power connection to start, allowing businesses to concentrate on their essential tasks without the burden of installation issues.
What Are the Main Segments in the Compressed Air Treatment Equipment Market?
The compressed air treatment equipment market covered in this report is segmented -
1) By Product: Filters, Dryers, Aftercoolers
2) By Application: Plant Air, Instrument Air, Process Air, Breathing Air
3) By End User: Chemical, Food And Beverage, Healthcare, Pharmaceuticals, Automotive, Other End Users
Subsegments:
1) By Filters: Coalescing Filters, Particulate Filters, Activated Carbon Filters, Inline Filters
2) By Dryers: Refrigerated Dryers, Desiccant Dryers, Membrane Dryers
3) By Aftercoolers: Air-Cooled Aftercoolers, Water-Cooled Aftercoolers
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Which Top Companies are Driving Growth in the Compressed Air Treatment Equipment Market?
Major companies operating in the compressed air treatment equipment market include Atlas Copco AB, Airfilter Engineering Corporation, BEKO Technologies Corporation, BOGE KOMPRESSOREN Otto Boge GmbH & Co. KG, Chicago Pneumatic Tool Company, Ingersoll-Rand Company Limited, MANN+HUMMEL International GmbH & Co. KG, Kaeser Compressors Inc., Alpha-Pure Corporation, Donaldson Company Inc., Parker Hannifin Corporation, Gardner Denver Holdings Inc., Pentair Engineered Filtration, Seneca Companies Inc., Precision Filtration Products, ZEKS Compressed Air Solutions Inc., CompAir Holdings Ltd., Emerson Climate Technologies Inc., Great Lakes Air Products Inc., Walker Filtration, Wilkerson Corporation, Ing. Enea Mattei SpA, Werther International, Brehob Corporation, Central Air Compressor, Aircel Corporation, Sanmina Corporation, SPX Flow Inc., Metro Air Compressor, Pneumatech Air/Gas Purity Equipment Co. Ltd.
Which Regions Will Dominate the Compressed Air Treatment Equipment Market Through 2029?
Asia-Pacific was the largest region in the compressed air treatment equipment market in 2024. The regions covered in the compressed air treatment equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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