Compressed Air Treatment Equipment Market worth $14 Bn by 2030

Compressed Air Treatment Equipment Market size is set to exceed USD 14 billion by 2030, according to the new research study by Global Market Insights Inc.
 

The growing usage of compressed air across the manufacturing sector to spur industry growth. Some air compressors can provide variable speeds regardless of application. This enables significant energy savings and makes compressors more productive and efficient. Currently, compressed air systems account for approximately 10% of the total energy usage in a facility, which can result in greater overhead expenses. The introduction of new technologies like variable-speed compressed air system, however, is enabling significant cost savings on energy bills, will fuel market demand.
 

Growing demand for high-quality air to increase the deployment of dryers

The dryers segment will register a revenue of over USD 5 billion by 2030. Refrigerated dryers, for instance, are economical and compatible with most manufacturing applications. These dryers produce air with a pressure dew point between 38^oF and 50^oF. These attributes may, in turn, augment product demand. Cycling dryers enable facilities to save energy as they can store cold energy until necessary. This energy-saving characteristic will further drive compressed air treatment equipment market segmental growth by end of 2030.
 

Increased applicability of instrument air

The instrument air sector is expected to depict a CAGR of about 6% through 2030. This growth can be credited to the wide-ranging usage of compressed air in critical applications. These devices are at high risk of malfunction due to the presence of contaminants which increases operational losses. To prevent such losses, demand for clean, purified, and dry compressed air for multiple instrumental operations deemed hazard-free has surged substantially, influencing compressed air treatment equipment market outlook .
 

Browse key industry insights spread across 430 pages with 692 market data tables and 48 figures & charts from the report “Compressed Air Treatment Equipment Market Size By Product (Filters [Particulate Filter/Pre-filter, Coalescing Filter/Oil Removal, Adsorber Filter/Oil Vapor Removal, Filtered Centrifugal Separator, High Temperature After Filters, Moisture Separators], Dryers [Refrigerated Dryers, Desiccant Air Dryers, Membrane Dryers, Deliquescent Dryers], Aftercoolers), By Application (Plant Air/Shop Air, Instrument Air, Process Air, Breathing Air), By End-user (Chemical, Paper, Food & Beverage, Healthcare, Automotive, Industrial, Steel, Construction, Aerospace, Electronics), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022–2030” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/compressed-air-treatment-equipment-market
 

Burgeoning application scope in chemical industry

The market for chemical is projected to attain around 6% gains between 2022 and 2030 due to the increased applicability of compressed air in the industry. Compressed air is used for varied applications such as air separators in PSA (Pressure Swing Absorption) plants, transportation, fermentation & aeration, and transportation of PET resin beads. It is also used in the control systems used inside chemical plants, further contributing to segmental progress.
 

Robust automotive industry in North America

The North America compressed air treatment equipment market will be valued at more than USD 3 billion by 2030. The presence of robust manufacturing and automotive industries is expected to increase requirement for compressed air equipment throughout the supply chains during the forecasted years. Furthermore, the rapid rise of the pharmaceutical and chemical sectors, alongside strong progress in the healthcare domain, will also stimulate regional growth.
 

Strategic acquisitions from prominent players to expand the market landscape

Top contenders involved in the compressed air treatment equipment industry include Parker Hannifin Manufacturing Ltd., Pentair, FRIULAIR S.r.l., Mikropor Inc., Pneumatech Air/Gas Purity Equipment Co., Ltd., Alpha-Pure Corporation, Atlas Copco, Elgi Compressors USA, Inc., Walker Filtration, Precision Filtration Products, Gem Equipments Ltd., Kaeser Kompressoren SE, Quincy Compressor, Seneca Companies, SMC Corporation, Sullair, LLC., Sullivan-Palatek, Inc., Van Air, Inc., Chicago Pneumatic, Bauer Compressors, Inc., Frank Technologies, Ingersoll-Rand Plc., Aircel Corporation (Aircel LLC.), Airfilter Engineering, SPX Flow, Great Lakes Air, Omega Air, MTA S.p.A., Aerzener Maschinenfabrik GmbH, Wilkerson Corporation, Beko Technologies Corp., Boge Compressors, CompAir Holdings Ltd., Emerson Climate Technologies, Inc., Donaldson Company, Inc., FS Curtis, Gardner Denver, Inc., Lectrodryer, Mann+Hummel Purolator, Norgren, Inc., and ZEKS Compressed Air Solutions. Some companies are focusing on strategic acquisitions to expand their business footprint.