Compressed Air Treatment Equipment market steady growth, Industry...

Compressed Air Treatment Equipment market steady growth, Industry Trends and opportunities

Posted 2024-03-20 06:46:26

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Compressed Air Treatment Equipment Market Overview

The compressed air treatment equipment market Size has been experiencing substantial growth, with a market size valued at USD 7.9 billion in 2022. The industry is projected to witness continued expansion, reaching USD 12.69 billion by 2030, from USD 8.45 billion in 2023. This projection indicates a compound annual growth rate (CAGR) of 7.00% during the forecast period from 2023 to 2030.

Compressed air treatment equipment refers to a range of devices and systems used to enhance the quality and performance of compressed air. Compressed air is widely utilized in various industries for pneumatic tools, manufacturing processes, packaging, electronics, and more. However, air from the environment contains contaminants, moisture, and impurities that can negatively impact the efficiency and reliability of compressed air systems.

The compressed air treatment equipment market is highly competitive, with a range of established companies and new entrants offering a variety of products, including filters, dryers, aftercoolers, condensate management systems, and more. The market's growth is driven by the increasing demand for reliable and efficient compressed air systems, and it is expected to continue its upward trajectory as industries further expand and improve their manufacturing processes.

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Key Players

Compressed Air Treatment Equipment market Key Companies in the include

· Atlas Copco Corporation (Sweden)

· Airfilter Engineering (Malaysia)

· Alpha Pure (US)

· Beko Technologies (Germany)

· BOGE Compressors (Germany)

· Chicago Pneumatic (India)

· Donaldson Company, Inc. (US)

· Gem Equipment’s Ltd (India)

· Industrial Air Power (IAP) (UK)

· Kaeser Compressors, Inc. (US)

· Pneumatech, Inc. (US)

· Pentair plc. (US)

· Precision Filtration Products (US)

· Seneca Companies, Inc.(US)

· Hitachi Ltd (Japan)

· Sullivan-Palatek, Inc. (US)

· Van Air Systems (US)

· Gardner Denver (US), among others

Market Drivers:

Technological Advancements: Advancements in technology have led to the development of more sophisticated compressed air treatment equipment with improved performance and reliability.

Growing Awareness: Increasing awareness among industries about the benefits of compressed air treatment, such as reduced downtime, improved product quality, and longer equipment lifespan, has contributed to market growth.

Compressed Air Treatment Equipment Market Segmentation

In the realm of compressed air treatment equipment, various products play crucial roles in ensuring the quality and reliability of compressed air systems.

These products include filters, dryers, and air coolers, each serving specific functions in removing impurities, moisture, and regulating air temperature.

Applications of compressed air treatment equipment span across diverse sectors, including plant air/shop air, process air, instrument air, and breathing air, with tailored solutions addressing the unique requirements of each application.

Geographically, the market for compressed air treatment equipment extends across regions such as North America, Europe, Asia-Pacific, the Middle East, Africa, and Latin America, with regional variations in industrial needs, environmental conditions, and regulatory frameworks influencing demand and adoption trends.

Compressed Air Treatment Equipment Industry Developments

May 2022:

· In May 2022, Elgi, a leading manufacturer of air compressors, made a significant development in the compressed air treatment equipment industry by launching two portable air compressors at EXCON 2022, an international exhibition for construction equipment and machinery.

· The first compressor introduced was the diesel-powered PG 575 - 225, which offers portability and high-performance capabilities. Diesel-powered compressors are particularly useful in construction and mining applications where access to electricity may be limited.

· The second product launched was the electric-powered PG 110E-13.5, designed to provide efficient and environmentally friendly compressed air solutions. Electric-powered compressors are favored for their lower emissions and reduced carbon footprint, making them suitable for various industrial applications.