Press release
Future of the Compressed Air Treatment Equipment Market: Trends, Innovations, and Key Forecasts Through 2034
Compressed Air Treatment Equipment Market
Compressed Air Treatment Equipment Market Size Growth Forecast: What to Expect by 2025?
There has been a significant expansion in the size of the compressed air treatment equipment market in the prior years. The market is set to rise from $9.4 billion in 2024 to reach $9.89 billion in 2025, with a compound annual growth rate (CAGR) of 5.2%. Factors such as industrial progress, quality and compliance norms, energy efficiency, maintenance needs, and environmental issues can explain the growth observed in the historic period.
How Will the Compressed Air Treatment Equipment Market Size Evolve and Grow by 2029?
Expectations are high for the expansion of the compressed air treatment equipment market in the upcoming years. The market is projected to increase to $12.89 billion in 2029, with a compound annual growth rate (CAGR) of 6.8%. The expected growth can be linked to factors such as enhancing industrialization and manufacturing, increasing stringent emission standards, a booming healthcare sector and the emergence of energy efficiency awareness. The forecast period sees trends like the growing preference for energy-efficient solutions, an emphasis on connected and intelligent devices, innovation spurred by strict regulatory standards, the focus on customization to suit various applications, and the evolution of hybrid and integrated filtration technologies.
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What Drivers Are Propelling the Growth of Compressed Air Treatment Equipment Market Forward?
Progress in the healthcare and pharmaceutical industries is predicted to fuel the development of the compressed air treatment equipment market. These industries embody companies that offer healthcare services, produce medical supplies, provide health insurance, and manufacture drugs. Compressed air treatment equipment is applied in these sectors to provide patients with clean, dry air for their wellbeing and comfort, in addition to ensuring the purity of medical products. A majority of healthcare facilities harness treated compressed air to eradicate contaminants, enhancing product safety. As an illustration, records from the European Federation of Pharmaceutical Industries and Associations (EFPIA) in June 2023 showed a notable increase in production within the European pharmaceutical sector, surging from $352.48 billion in 2021 to $369.95 billion in 2022. Consequently, the growth of the healthcare and pharmaceutical industries is stimulating the expansion of the compressed air treatment equipment market.
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What Are the Key Trends Driving Compressed Air Treatment Equipment Market Growth?
In the compressed air treatment equipment market, a prominent trend emerging is product innovation. Numerous principal firms in this market are channeling their efforts towards creating and introducing innovative products to fortify their market standing. Take for instance FPS Air Compressors, a manufacturing firm based in the UK, which in February 2024, introduced the Contain-Air solution. This unique solution is a portable compressed air room, pre-installed and ready for immediate use, devised to provide businesses with a swift and cost-effective means of accessing compressed air systems. It not only simplifies the installation process but also saves ample space, making complex setups unnecessary. The compact unit is appropriate for several industries including manufacturing, food plants, and hospitals and effortlessly fits into existing infrastructure. The only requirement for its operation is a power connection, thereby enabling businesses to concentrate on essential tasks devoid of installation difficulties.
What Are the Key Segments in the Compressed Air Treatment Equipment Market?
The compressed air treatment equipmentmarket 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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Who Are the Key Players Shaping the Compressed Air Treatment Equipment Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth in the Compressed Air Treatment Equipment Market?
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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