According to the latest study by Global Market Insights, Inc., the compressed air treatment equipment market is anticipated to surpass USD 11 billion by 2027.
The strong presence of general manufacturing and automotive industries in the United States is slated to impel North America compressed air treatment equipment market expansion through 2027. The regional growth is estimated to be driven by the extensive demand for air compressors on account of the wider presence of pharmaceutical and chemical industries in the country.
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This escalation is primarily attributed to the increasing dependency on industrial automation, which requires compressed air treatment units for carrying out hazard-free operations in sewage treatment, power plants, general manufacturing plants, chemical factories, as well as automotive manufacturing and assembling plants. The instrument air segment in the compressed air treatment equipment market is expected to register appreciable gains through the projected span.
The compressed air treatment equipment market is further driven by the surging demand for packaged foods and the increasing automation in the food & beverage sector. This is mainly because of the increased dependency on clean and food standard compressed air products for a range of activities such as dehydration, cleaning bottles, spray coating, and vacuum generation. The food & beverage segment is estimated to witness a commendable CAGR of more than 5.5 per cent through 2027.
Furthermore, an upsurge in the industrial development across emerging countries comprising India and China is expected to propel the growth of the compressed air treatment equipment market over the forthcoming years. Additionally, an incessant requirement of moisture-free and clean compressed air for ensuring the prolonged life of expensive machinery will boost the adoption of compressed air treatment units across these countries.
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In the years to come, the escalating awareness regarding new drugs and the continuous development across the healthcare sector will push the expansion of the compressed air treatment equipment industry, positively influencing revenue growth to a remarkable extent.
Speaking of which, the major players in the compressed air treatment equipment market include Emerson Climate Technologies, Parker Hannifin, Ingersoll Rand, Donaldson Mann+Hummel, Kaeser, Gardner Denver, and others. These manufacturers are focusing on various collaborative strategies such as joint ventures, acquisitions, and mergers for the enhancement of their product portfolio and geographical footprint.
One of the latest developments in the global compressed air treatment equipment market comprises the takeover of Kawalek Kompressoren, a German distributor, by one of the major industry participants, Atlas Copco. Situated in Berlin, Kawalek Kompressoren is a privately owned company with a stable position on the market in the surrounding region.
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According to Vagner Rego, Atlas Copco’s President of Business Area, Compressor Technique, Kawalek Kompressoren enjoys a long history of successful distributorship and has a robust clientele base that includes numerous medium and small-sized enterprises. This acquisition will help Altas Copco in staying closer to its clients, in turn supporting the company in the expansion of its market presence in Berlin and the neighboring area.
Such strategic moves are set to boost the penetration of air compressors and several other compressed air products, bolstering the business landscape over the ensuing years.