Compressed Air Treatment Equipment Market Growth Analysis with Investment Opportunities For 2024-2033
Compressed Air Treatment Equipment Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Compressed Air Treatment Equipment Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UNITED KINGDOM, October 2, 2024 /EINPresswire.com/ -- The compressed air treatment equipment market has experienced robust growth in recent years, expanding from $8.84 billion in 2023 to $9.48 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to industrial growth, quality and compliance standards, energy efficiency, maintenance requirements, environmental concerns.
What Is The Estimated Market Size Of The Global Compressed Air Treatment Equipment Market And Its Annual Growth Rate?
The compressed air treatment equipment market is projected to continue its strong growth, reaching $12.44 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to industrialization and manufacturing growth, rising manufacturing activities, stringent emission standards, growing healthcare sector, awareness of energy efficiency.
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Growth Driver Of The Compressed Air Treatment Equipment Market
The growing manufacturing industry is expected to propel the growth of the compressed air treatment equipment market going forward. The manufacturing industry refers to all the processes that convert raw materials into finished goods that are sold to consumers or used by other businesses in production processes. Compressed air treatment equipment plays a crucial role in the manufacturing industry by removing contaminants and ensuring that the compressed air supplied to manufacturing processes meets the necessary purity standards.
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Which Market Players Are Steering The Compressed Air Treatment Equipment Market Growth1?
Key players in the market include Atlas Copco AB, Airfilter Engineering Corporation, BEKO Technologies Corporation, BOGE KOMPRESSOREN Otto Boge GmbH & Co. KG, Chicago Pneumatic Tool Company, Ingersoll-Rand Company Limited, MANN+HUMMEL International GmbH & Co. KG, Kaeser Compressors Inc., Alpha-Pure Corporation, Donaldson Company Inc., Parker Hannifin Corporation, Gardner Denver Holdings Inc., Pentair Engineered Filtration, Seneca Companies Inc., Precision Filtration Products, ZEKS Compressed Air Solutions Inc., CompAir Holdings Ltd., Emerson Climate Technologies Inc., Great Lakes Air Products Inc., Walker Filtration, Wilkerson Corporation, Ing. Enea Mattei SpA, Werther International, Brehob Corporation, Central Air Compressor, Aircel Corporation, Sanmina Corporation, SPX Flow Inc., Metro Air Compressor, Pneumatech Air/Gas Purity Equipment Co. Ltd.
What Are The Key Trends That Influence Compressed Air Treatment Equipment Market Size2?
Major companies operating in the market are focused on developing innovative products, such as compressed air filters, to gain a competitive edge in the market. Compressed air filters are essential components in compressed air systems, removing contaminants such as dust, water, oil, and rust from the compressed air stream.
How Is The Global Compressed Air Treatment Equipment Market Segmented?
1) By Product: Filters, Dryers, Aftercoolers
2) By Application: Plant Air, Instrument Air, Process Air, Breathing Air
3) By End User: Chemical, Food And Beverage, Healthcare, Pharmaceuticals, Automotive, Other End users
Geographical Insights: Asia-Pacific Leading The Compressed Air Treatment Equipment Market
Asia-Pacific was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Compressed Air Treatment Equipment Market Definition
Compressed air treatment equipment refers to a pneumatic device that converts power into potential energy stored in pressurized air. It is used to provide the purity of compressed air needed for the application by removing any unwanted contamination.
Compressed Air Treatment Equipment Global Market Report 2024 from TBRC covers the following information:
•Market size data for the forecast period: Historical and Future
•Macroeconomic factors affecting the market in the short and long run
•Analysis of the macro and micro economic factors that have affected the market in the past five years
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global compressed air treatment equipment market report covering trends, opportunities, strategies, and more
The Compressed Air Treatment Equipment Global Market Report 2024 by The Business Research Company3 is the most comprehensive report that provides insights on compressed air treatment equipment market size, compressed air treatment equipment market drivers and trends and compressed air treatment equipment market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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