Compressed Air Treatment Equipment Market, Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Compressed Air Treatment Equipment Market


The global Compressed Air Treatment Equipment market size is projected to reach US$ 12.16 billion by 2026, from US$ 8.11 billion in 2020, at a CAGR of 7% during 2021-2026. A well-running compressed air system requires clean air, which is crucial for the proper functioning of industrial equipment. However, the compressor contains particles from the surrounding atmosphere, as well as contaminants from the compressor itself. These contaminants cause damage to the end-use equipment reducing their lifespan. Therefore, quality of compressed air is of paramount importance in a number of end-use applications. This is expected to propel the market growth over the forecast years.

These treatment solutions improve the end-use machinery performance and reliability while lowering the CO2 emissions, energy consumption, and operational costs to deliver maximum manufacturing uptime. This has led to an increased product adoption in several end-use industries, such as chemical, food & beverages, automotive, and aerospace & defense. The unprocessed compressed air contains many harmful contaminants that must be removed or reduced to acceptable standards to provide a safe and cost-effective production facilities in the food & beverage industry.

For instance, in U.K., the British Compressed Air Society (BCAS), the governing body for compressed air, and the British Retail Consortium (BRC) that represent the retail sector have together developed a Code of Practice for Food Grade Compressed Air to regulate standards for food manufacturers. The aforementioned standards and regulations are expected to drive the demand for compressed air treatment equipment in the food & beverage industry over the forecast period.

The quality of compressed air is determined not only by the process of compression, but more importantly, by the process of conveying treated air before it is used for the concerned application. Thus, compressed air treatment is considered to be a smart choice while investing in a compressor since the equipment not only protects end-use machinery from all forms of contaminants but also improves the its efficiency and prolongs the lifespan by reducing corrosion and rust.

Market Segmentation, Outlook & Viewpoint: Global Compressed Air Treatment Equipment Market

Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Filters

  
Particulate Filters/Pre-filters
  
Coalescing Filter/Oil Removal
  
Adsorber Filter/Oil Vapor Removal
  
Filtered Centrifugal Separator
  
High Temperature After-filters
  
Moisture Separators

Dryers

  
Refrigerated
  
Desiccant
  
Membrane
  
Deliquescent

Aftercoolers

Others

End Use Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Chemical
  
Paper
  
Food & Beverage
  
Pharmaceuticals
  
Healthcare
  
Others

Key Players, Recent Developments & Regional Insights: Global Compressed Air Treatment Equipment Market

The dryers and filters segments together accounted for over 60% of the total revenue share in 2018 and emerged as leading product categories. The filters segment is projected to gain traction over the forecast period as they are energy-efficient, easy-to-use, and offer safety and flexibility.Furthermore, availability of high-performance filters that help reduce pressure loss by approximately 40-50% is expected to propel segment growth over the coming years.

Refrigerated air dryers emerged as the dominant segment in 2018. Refrigeration dryers operate on the principle of condensation by compressed air cooling through a refrigeration circuit. These dryers are used to eliminate water vapor in several industrial applications including chemical, food processing & packaging, paper, semiconductor manufacturing, and pharmaceutical drugs. Furthermore, they are also used in healthcare sector for several dental and surgical equipment.

The desiccant dryer segment accounted for a significant market share in 2018 and is expected to witness the fastest CAGR of 7.5% over the forecast period. In heavy industrial operations, water vapor in compressed air equipment leads to corrosion, premature failure, quality control issues, frozen air lines, and a range of other operational problems. Desiccant dryers purify compressed air by absorbing moisture and work in conjunction with an industrial air compressor.

End Use Insights

Food & beverage emerged as the largest end-use segment in 2018. High product demand in this end-use segment is attributed to the growing need for clean air in numerous critical applications, such as food processing and packaging. Rise in the number of F&B manufacturers, particularly in U.S., is expected to provide drive the segment further.

Food processing and pharmaceutical plants require clean rooms with zero impurities for product manufacturing. This has led to the emergence of industrial standards for the compressed air treatment equipment. The most widely used standard in the market is ISO8573 that seeks to establish a method for classifying the purity of compressed air.
Integration of the humidity detection sensor in the air treatment system ensures the quality of end products. Growing product demand owing to the aforementioned factors is boosting their adoption across the pharmaceutical and food processing industries, thereby driving the overall sales for compressed air filtration products.

Regional Insights

Asia Pacific is expected to exhibit the highest growth followed by North America owing to rapidly expanding chemical and F&B industries in these regions. Dry and clean air extends the life of the equipment and leads to better energy-efficiency and an improved product quality, thereby reducing the maintenance cost. This is expected to boost their demand in the chemical and F&B industries.

Rise in the number of food processing industries in North America, Europe, and South America is anticipated to spur the market growth over the forecast period.

Europe is anticipated to experience a considerable growth from 2019 to 2025. Rising product demand across the medical sector is expected to provide growth opportunities for the regional market. Presence of strict regulations pertaining to the quality of the compressed air used in manufacturing processes are also anticipated to propel the product demand over the forecast period. In addition, increasing number of manufacturing facilities in Eastern Europe is anticipated to propel the regional market.

Compressed Air Treatment Equipment Market Share Insights

The global market is highly competitive. Some of the key companies in the industry are Ingersoll-Rand PLC; Parker Hannifin Corp.; and Gardner Denver, Inc. These companies focus on R&D and integrate several advanced technologies to sustain in highly competitive environment.

A few companies undertake vertical integration at the design and production levels to a large degree, although most manufacturers focus on only one aspect of the value chain. Furthermore, they focus on gaining a competitive advantage by expanding their local as well as international reach.

Key Insights Covered: Global Compressed Air Treatment Equipment Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Compressed Air Treatment Equipment industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Compressed Air Treatment Equipment industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Compressed Air Treatment Equipment industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Compressed Air Treatment Equipment industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Compressed Air Treatment Equipment industry.

Research Methodology: Global Compressed Air Treatment Equipment Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other