How big is the compressed air treatment equipment market?

The global compressed air treatment equipment market size was estimated at USD 8,382.0 million in 2022 and is expected to be USD 8,883.12 million in 2023.

What is the compressed air treatment equipment market growth?

The global compressed air treatment equipment market, in terms of revenue, is expected to grow at a compound annual growth rate of 6.2% from 2023 to 2030 to reach USD 13.57 billion by 2030.

Which segment accounted for the largest compressed air treatment equipment market share?

Asia Pacific dominated the compressed air treatment equipment market with a revenue share of 36.0% in 2022. The compressed air treatment equipment market in the Asia Pacific is likely to increase significantly in the future years as industrial facilities and infrastructure investment in India, China, and Japan expands. Furthermore, the increasing use of modern automation technology in various production units is likely to boost product sales.

Who are the key players in compressed air treatment equipment market?

Some key players operating in the compressed air treatment equipment market include Ingersoll-Rand PLC; Parker Hannifin Corp.; and Gardner Denver, Inc.

What are the factors driving the compressed air treatment equipment market?

Key factors that are propelling the market growth include the compressed air treatment equipment is widely used in a variety of end-use industries such as chemical, paper, food & beverages, pharmaceutical, healthcare, and others.