According to FutureWise analysis the market for compressed air treatment equipment in 2023 is US$ 10 billion, and is expected to reach US$ 15.61 billion by 2031 at a CAGR of 5.70%.
The compressed air treatment equipment cleans and humidifies the air before it goes into an air compressor. Air filters, dryers, and aftercoolers are all necessary for this process. Components of compressed air treatment equipment are the air receiver tank and filter, condensate trap, dryer, dryer, and distributor system. The equipment can be used in many industries, including food and beverage, chemicals, healthcare, pharmaceuticals, and others. The demand for compressed air treatment equipment has increased due to the need for dry, clean compressed air to prolong the life of compressors and pneumatic devices. Compressed air is a vital driving agent for robot arms, conveyor belts, paint sprayers, and presses as well as drills. It can also be used for cleaning, nitrogen production, and drying. The growth in precision engineering machines and increased manufacturing competence to increase productivity will fuel the demand for compressed air treatment equipment. Clean air is essential for the proper operation of industrial equipment. A properly functioning compressed air system needs clean air. The compressor can also contain particles from the environment and contaminants from within the compressor. These contaminants can cause irreparable damage to end-use equipment, reducing their life expectancy.
In many end-use applications, compressed air quality is crucial. These solutions increase the performance and reliability of end-use machinery, while also lowering CO 2 emissions, energy consumption, operational costs, and operating costs. This allows for maximum manufacturing uptime. This has resulted in increased product adoption across many end-use industries such as aerospace, defense, food and beverage, automotive, chemical, and food and beverages. Unprocessed compressed oxygen contains harmful contaminants. These must be removed or reduced to safe levels to ensure safety and economic production in the food and beverages industry. Compressed air quality is not just determined by how it is compressed, but also by how the air is transported before it is used in the intended application. Compressed air treatment is a smart investment in a compressor. It not only protects end-user machines from any contaminants but also increases efficiency and extends their lifespan by reducing corrosion. Because of the presence of moisture, and other contaminants that can affect compressor operation, plants and factories are particularly at risk. This equipment is essential for process air applications. It may help to solve this problem and further accelerate segmental progress. Online shopping has become easier due to rising internet penetration and growing disposable income. This has led to the creation of more warehouses which will indirectly increase the sales of compressed air treatment equipment across the e-commerce sector.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Compressed Air Treatment Equipment Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Compressed Air Treatment Equipment Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.