Global Compressed Air Treatment Equipment Market is anticipated to depict a CAGR of 5.6% through 2027, having recorded a valuation of USD 7.87 billion in 2020. By 2027, the market is expected to hit a remuneration of USD 11.3 billion.
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.
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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.
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 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.
One of the latest developments in the global compressed air treatment equipment industry 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.
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.
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.
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Data Tables
TABLE 1. Global compressed air treatment equipment market estimates and forecast, 2017 – 2027, (Thousand Units) (USD Million)
TABLE 2. Global compressed air treatment equipment industry estimates and forecast by product, 2017 – 2027 (Thousand Units)
TABLE 3. Global compressed air treatment equipment industry estimates and forecast by product, 2017 – 2027 (USD Million)
TABLE 4. Global compressed air treatment equipment industry estimates and forecast by filters, 2017 – 2027 (Thousand Units)
TABLE 5. Global compressed air treatment equipment industry estimates and forecast by filters, 2017 – 2027 (USD Million)
TABLE 6. Global compressed air treatment equipment market estimates and forecast by dryers, 2017 – 2027 (Thousand Units)
TABLE 7. Global compressed air treatment equipment industry estimates and forecast by dryers, 2017 – 2027 (USD Million)
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