The global Compressed Air Treatment Equipment Market is expected to value at USD 11.2 billion by 2025. The market is subject to witness a substantial growth due to the growing concerns related to air pollution and increasing number of application in industrial sector. Growing awareness level among general population regarding air quality and development of sophisticated devices in manufacturing sector is expected to favor market growth over the next seven years. Globally, the compressed air treatment equipment industry is predicted to grow at CAGR of 6% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.

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Major applications of compressed air treatment equipment include air purification and air treatment in various end-user industries across the globe. In addition, increasing demand for compressed air treatment equipment from food & beverages sector for processing application and limit contamination of food due to poor air quality is anticipated to drive the growth of compressed air treatment equipment market over the forecast period. Accumulation of moisture, hydrocarbon and particulate in air can contaminate end-product during the various manufacturing activities.

Use of compressor also contributes to the contamination of air in form of carryover and wear particles. These factors are expected to fuel market demand over the next seven years. However, lack of awareness among manufactures and lower maker penetration is estimated to limit market growth over the coming years. Yet, swift decline in the cost of compressed air treatment equipment and rising number of promotional activities by industry players is expected to offer future growth prospects for compressed air treatment equipment industry players in the upcoming years.

Growing adoption of compressed air treatment equipment for air treatment helps to maintain compressed air system in optimized shape and removes humidity. Complete removal of humidity from compressed air system along with highly efficient cooling ensures low energy costs that supplements the lifecycle of tools and equipment. Compressed air treatment equipment plays a vital role in removing residual humidity, thus obtain dry air for several end use applications. Compressed air treatment helps to enhance the system efficiency and prolong product lifecycle by limiting effect of corrosion and rust.

The compressed air treatment equipment market is broadly categorized into five major segments based on the application type such as chemical industry, paper& paperboard sector, food & beverages industry, pharmaceutical sector and healthcare industry. The chemical segment is growing rapidly in the compressed air treatment equipment industry with substantial revenue generation in the last few years.

Growing popularity of compressed air treatment equipment in the chemical segment is attributed to the increasing use of compressor and to curb industrial air pollution. The food & beverages segment has also witnessed substantial growth owing to the growing requirement for sophisticated devices to minimize end product contamination.

The compressed air treatment equipment market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in air treatment sector, massive boom in manufacturing sector, rise in number of research & development activities in the region and existence of well-established infrastructure.

Asia-Pacific region is estimated to hold major market share in compressed air treatment equipment with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, increasing manufacturing activities, rising awareness level regarding air pollution, stringent government laws & regulation by local governments to curb industrial pollution, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the compressed air treatment equipment industry are Parker Hannifin Co., Ingersoll-Rand plc, Atlas Copco Ltd., Donaldson Company, Inc., Emerson Climate Technologies, Inc., Ingersoll-Rand plc, Parker Hannifin Co. and Gardner Denver, Inc.

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The global Compressed Air Treatment Equipment Market size is projected to grow at a healthy CAGR of 6.3 % during the forecast period (from 2016 to 2024). It may surpass USD 11 billion by 2024. Surging demand for compressed air treatment systems across various applications is projected to drive the market. Compressed air treatment systems are utilized by a number of companies globally. This in turn has increased the number of air treatment equipment installations worldwide. The need for such installations arises from the strict implementation of air quality standards in the target application areas. This could boost the global market in the forthcoming years.

A number of regulatory standards and mandates have been created to support the production & use of clean air. Industry trends suggest that this could contribute significantly to global demand. However, the uninterrupted supply of compressed air production facilities calls for regular maintenance. Equipments for compressed air treatment are generally quite expensive. Furthermore, their energy consumption is also very high. These are a few factors that may hinder the demand for compressed air treatment equipment in the years to come. However, technological advancements and the popularity of energy efficient equipment across numerous applications can create avenues for further growth.

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The global Compressed Air Treatment Equipment Market is divided into applications, products, and regions. The product segment includes dryers, filters, aftercoolers, and others. Different kinds of dryers include deliquescent dryers, desiccant air dryers, refrigerated dryers, and membrane dryers. Moisture separators, particulate filter/pre-filter, adsorber filter/oil vapor removal, coalescing filter/oil removal, high-temperature afterfilters, and filtered centrifugal separator are the various kinds of filters that are commonly used in the industry.

Dryers are expected to dominate the product segment during the forecast period. They are an essential part of any air compressor equipment since they effectively remove moisture & water droplets present in the system. The adsorber filters segment may also witness significant growth from 2016 to 2024. This owes to the ability of these filters to easily siphon any gases or chemicals present in the compressed air.

As per applications, the Compressed Air Treatment Equipment Market is segmented into process air, plant air, breathing air, and instrument air. The demand for process air is likely to remain strong throughout the forecast period. Its key end users are food & beverages and pharmaceutical industries that need dry, oil-free, and sterile air. Medical compressed air is applied extensively in the healthcare sector in areas, such as assisted respiration. Hence, demand from the breathing air application segment could propel the global Compressed Air Treatment Equipment Market in the near future.

Based on regions, the global industry was dominated by North America in 2013. The presence of a large number of manufacturing facilities in the region (especially the U.S.) can spur regional growth from 2016 to 2024. Asia Pacific is poised to be the second largest market, on account of rapid industrialization and focus on energy efficiency.

Prominent players in the Compressed Air Treatment Equipment Market are Parker Hannifin Manufacturing Ltd.; Donaldson Company Inc.; Gardner Denver Inc.; Atlas Copco Corp.; Van Air Inc.; and Kaeser Compressors. The development of cost-effective & technically advanced compressed air treatment systems is a key determinant of market success for these companies.

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