DUBLIN, May 26, 2023 /PRNewswire/ — The report “Global Compressed Air Handling Equipment Market Report 2023” has been added to ResearchAndMarkets.com offer.
This report provides strategists, marketers and senior management with the critical information they need to assess the market.
The global compressed air treatment equipment market is expected to grow from $8.27 billion in 2022 to $8.90 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The compressed air treatment equipment market is expected to reach $11.42 billion in 2027 at a CAGR of 6.4%.
Major players in the compressed air treatment equipment market are Atlas Copco, Airfilter Engineering, BEKO Technologies Corp., BOGE KOMPRESSOREN Otto Boge GmbH & Co. KG, Chicago Pneumatic, Ingersoll-Rand, MANN+HUMMEL International GmbH & Co. KG, Kaeser Compressors Inc., Alpha-Pure Corporation, Donaldson Company Inc., Parker Hannifin Corporation, Gardner Denver Inc., Pentair plc., Seneca Companies Inc., Precision Filtration Products and ZEKS Compressed Air Solutions Inc.
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Compressed air treatment equipment refers to a pneumatic device that converts energy into potential energy stored in pressurized air. It is used to provide the required compressed air purity for the application, removing any unwanted contamination.
The main products of compressed air treatment equipment are filters, dryers and aftercoolers. Filters refer to To separate floating matter, a gas or liquid is passed through a substance. The various applications involved are factory air, instrument air, process air and breathing air that are used by end users such as chemicals, food and beverage, healthcare, pharmaceuticals, automotive and others.
Product innovation is an important trend that is gaining popularity in the compressed air treatment equipment market. Large companies operating in compressed air treatment equipment are focused on developing innovative solutions to strengthen their position in the market.
In January 2023, Ingersoll Randa US-based equipment company that provides flow creation and industrial products has acquired SPX FLOW Inc., to $525 million. With this acquisition, Ingersoll Rand expects to strengthen its position in key product categories, increase its exposure to end markets with strong growth potential, and promote its core compressor products to show this commitment. SPX FLOW Inc. is a US based manufacturing company of high quality compressed air treatment products.
Asia Pacific was the largest region in the Compressed Air Handling Equipment market in 2022. Regions covered in Compressed Air Handling Equipment report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, middle East It is Africa.
The countries covered in the Compressed Air Treatment Equipment market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South KoreaUK, USA.
The expansion of the healthcare and pharmaceutical sectors is expected to drive the growth of the compressed air treatment equipment market going forward. The healthcare and pharmaceutical sectors refer to companies that provide healthcare services, manufacture medical products, provide medical insurance, or manufacture drugs and medicines.
Compressed air handling equipment is used in healthcare and pharmaceuticals to keep patients breathing and comfortable while providing clean, dry air. Most healthcare institutions use purified compressed air, which removes impurities and makes products safer.
For example, in September 2022According to a report released by Zippia Inc., a US-based provider of online recruitment services, the US pharmaceutical industry is expected to produce $550 billion in annual revenue in 2021. In addition, the pharmaceutical industry forecasts expenses $635 billion on drugs by 2025. The proportion of GDP for health care in the United Stateswhich was 18.3% in 2021, should rise over time.
Therefore, expanding the healthcare and pharmaceutical sectors is driving the growth of the compressed air treatment equipment market.
The compressed air treatment equipment market consists of sales of rotary screw compressors, vacuum pumps, air system piping, high pressure filters and compressed air filtration. Values in this market are ‘factory gate’ values, ie the value of goods sold by the manufacturers or creators of the goods, either to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes the related services sold by the goods’ creators.
Market value is defined as the revenues that companies earn from selling goods and/or services within the specified market and geography through sales, grants or donations in currency terms (in USD, unless otherwise specified). form).
Revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, regardless of where they are produced. It does not include revenue from resale along the supply chain, either further down the supply chain or as part of other products.
Main topics covered:
1. Executive Summary
2. Characteristics of the compressed air treatment equipment market
3. Compressed air treatment equipment market trends and strategies
4. Compressed Air Treatment Equipment Market – Macroeconomic Scenario
4.1. Impact of COVID-19 on the compressed air treatment equipment market
4.2. Impact of the Ukraine-Russia War on the market for compressed air treatment equipment
4.3. Impact of high inflation on the compressed air treatment equipment market
5. Compressed Air Treatment Equipment Market Size and Growth
5.1. Global Historical Compressed Air Treatment Equipment Market, 2017-2022, $ Billion
5.1.1. market drivers
5.1.2. Market restrictions
5.2. Global Compressed Air Treatment Equipment Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. market drivers
5.2.2. Market restrictions
6. Compressed air treatment equipment market segmentation
6.1. Global Compressed Air Treatment Equipment Market, Product Segmentation, History & Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
6.2. Global Compressed Air Treatment Equipment Market Segmentation by Application, History & Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- plant air
- Wind instrument
- process air
- breathable air
6.3. Global Compressed Air Treatment Equipment Market, Segmentation by End User, History & Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Food and drinks
- Health care
- pharmaceutical products
- Other End Users
7. Regional and Country Analysis of the Compressed Air Treatment Equipment Market
7.1. Global Compressed Air Treatment Equipment Market Split by Region, History & Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Compressed Air Treatment Equipment Market Split by Country, History & Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information on this report, please visit https://www.researchandmarkets.com/r/iv9gks
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