Compressed Air Treatment Equipment Market size is expected to reach USD 30 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of compressed air treatment equipment was USD 17 Billion. The expansion is attributed to the world's increasing industrialization, which is driving up demand for compressed air solutions in several sectors, such as manufacturing, automation, and construction. As per a report in 2023, a 9% increase from 2018 sees 66% of firms either utilizing automation or showing interest in doing so. Compressed air powers pneumatic tools, control systems, and machinery, which are employed in several industrial operations. The growing demand for trustworthy and efficient compressed air solutions to assist with industrial processes is boosting market expansion even further.
Compared to other power sources, air compressors are typically less expensive and require less maintenance. Since they require an electrical source, hydraulic pump, diesel or gasoline engine, power take-off (PTO), and air compressor to operate, they also require less physical labor. They are therefore a fantastic choice for companies trying to cut expenses and lessen their environmental effect. through lowering the total weight of the equipment required for GVM and trailers on trucks. while simultaneously reducing the amount of actual space that larger pieces of equipment occupy. Therefore, these benefits of air compressors are propelling the market growth.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~ 5% |
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Base Year Market Size (2023) |
~ USD 17 Billion |
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Forecast Year Market Size (2036) |
~ USD 30 Billion |
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Regional Scope |
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Component (Compressor, Treatment Equipment, Distribution System)
Compressor segment for compressed air treatment equipment market is expected to hold a share of 46% during the forecast period. The increasing demand for compressor components across a range of sectors is expected to drive considerable growth in the compressor component industry. In order to provide the required pressure for uses like manufacturing, building, and energy production, compressors are essential.
The demand for compressed air is only going to expand due to global manufacturing activities, infrastructure expansion, and industrialization. For instance, the amount of public and private money from the United States for a global effort to develop infrastructure in underdeveloped countries goes above and beyond the USD 30 billion estimate that was made public in May. China's Belt and Road Initiative, which is celebrating its tenth anniversary this year, is rivaled by the Partnership for Global Infrastructure and Investment, or PGI. By 2027, additional G7 members aim to raise USD 400 billion. Further supporting the projected growth is the development of compressor technology, which is centered on sustainability and energy efficiency as organizations look for more dependable and ecologically friendly ways to meet their compressed air needs.
End-use (Manufacturing, Pharmaceuticals, Food & Beverage, Oil & Gas, Construction & Mining, Energy & Chemical, Automotive)
Manufacturing segment of compressed air treatment equipment market is expected to hold a share of 30% during the projected period. The market is witnessing a notable surge in the manufacturing sector owing to various factors, including the increasing demand for automation and pneumatic tools in production procedures. These systems provide stable and efficient power for a variety of applications, which increases productivity in manufacturing operations. Energy-efficient solutions are a focus for industries as well, and modern compressed air treatment equipment usually incorporates state-of-the-art technologies to optimize energy consumption. Due to tightening quality requirements and an increasing emphasis on precision manufacturing, the market is growing.
Our in-depth analysis of the global market includes the following segments
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Component |
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End-use |
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North American Market Forecast
North American compressed air treatment equipment market is expected to hold a share of 35% during the forecast period. The rise in industrial activity, the expansion of infrastructure, and the need for energy-efficient solutions are all attributed to the growth. Growth in the market is being driven by the region's growing manufacturing sector as well as higher investments in oil and gas projects. For instance, in North America, 523 oil & gas projects are scheduled to start production between 2022 and 2026. Of the anticipated oil & gas projects, 295 are midstream projects, accounting for more than 56% of the total. Furthermore, strict regulations that promote energy efficiency and the use of cutting-edge technologies also contribute to the market's growth. Significant expansion in the compressed air treatment equipment market in North America is being driven by the emphasis on automation and smart manufacturing practices, which in turn fuels the demand for dependable compressed air equipment.
APAC Market Statistics
Compressed Air Treatment Equipment market in Asia Pacific is poised to hold a share of 29% by the end of 2036. The expansion of industrial facilities and infrastructure investment in China, India, and Japan is expected to drive a large increase in the compressed air equipment market in the Asia Pacific region in the coming years. Additionally, a rise in the number of production units utilizing contemporary automation technologies is probably going to increase product sales. Because top manufacturers are readily available, compressed air treatment equipment has had a significant impact on the regional food & beverage industry.
Author Credits: Rushikesh, Richa Gupta
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