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Compressed Air Treatment Equipment Market size valued at USD 8 billion in 2021 and is anticipated to exhibit around 6% CAGR between 2022-2030. The wide-ranging usability of compressed air in critical healthcare applications is likely to propel the industry growth.
Report Attribute | Details |
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Base Year: | 2021 |
Compressed Air Treatment Equipment Market Size in 2021: | 8 Billion (USD) |
Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 16.2% |
2030 Value Projection: | 14 Billion (USD) |
Historical Data for: | 2018 to 2021 |
No. of Pages: | 430 |
Tables, Charts & Figures: | 744 |
Segments covered: | Product, Application, and End-user |
Growth Drivers: |
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Pitfalls & Challenges: |
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The filters segment is poised to register revenue worth USD 6 billion by 2030. Air-compressed filters stop solid and liquid contaminants from entering the equipment. Furthermore, these filters are capable of functioning effectively under harsh conditions, making them ideal for use in demanding applications, which may, in turn, foster product demand.
The compressed air treatment equipment market from the breathing air segment will record a remuneration of more than USD 5 billion by 2030. The establishment of stringent regulations for D and E grades of breathing air across several industries will fuel the segment demand. These federal standards are being developed to safeguard the health of laborers working in various operations such as sandblasting, welding, chemical handling, grinding, spray painting, and cleaning.
The industrial sector is expected to attain about 6% gains through 2030 driven by rising requirement for compressed air treatment equipment to maintain air purity. The presence of contaminants can put product safety and quality at risk, making compressed air treatment equipment integral for industrial applications.
The Asia Pacific compressed air treatment equipment market size is projected to witness nearly 5.5% growth rate up to 2030. Proliferation of the manufacturing industry across developing nations such as Japan, China, and India which has accelerated the deployment of compressed air purifiers.
Some of the prominent players involved in the compressed air treatment equipment business landscape include
Many of these prominent market participants are planning strategic product launches to extend their product portfolio. Citing an instance, in May 2022, Elgi launched two portable air compressors at EXCON 2022. One is the diesel-powered PG 575 – 225 and the other air compressor is the electric-powered PG 110E -13.5. This strategic launch was intended to enable the extension of the company’s product portfolio.
The COVID-19 outbreak increased the importance of maintaining clean air and preventing exposure to a wide range of pathogens. The enhanced spread of the SARS-CoV-2 virus increased hospital admissions and amplified the need for respiratory systems. Intensive care units and emergency rooms highly depend on medically compressed air, and this dependency increased significantly during the pandemic. This demand has enabled manufacturers of compressed air treatment devices to advance production, thereby ensuring business growth even during uncertain times.
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