APAC Compressed Air Treatment Equipment Market to Value $4.52bn by 2024

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According to the Graphical Research new growth forecast report titled Asia Pacific Compressed Air Treatment Equipment Market By Application (Plant Air/ Shop Air, Instrument Air, Process Air, Breathing Air), By Product (Filters [Particulate Filter/ Pre-Filter, Coalescing Filter/ Oil Removal, Adsorber Filter/ Oil Vapor Removal, Filtered Centrifugal Separator, High Temperature After Filters, Moisture Separators], Dryers [Refrigerated Dryers, Desiccant Air Dryers, Membrane Dryers, Deliquescent Dryers], Aftercoolers), By End-User (Chemical, Paper, Food & Beverage, Healthcare, Automotive, Industrial, Steel, Construction, Aerospace, Electronics), Industry Analysis Report, Regional Outlook (China, India, Japan, Australia, Indonesia, Malaysia, Singapore, Korea, Thailand, Vietnam, Cambodia) Estimated to surpass USD 4.5 billion by 2024

Rapid industrialization in the Asia Pacific will influence the compressed air treatment equipment market in the region. Countries such as China, India, and Japan have undertaken tremendous measures to monitor air quality levels at various industries, which will increase the product demand in the region. Moreover, continuous advancements in the Chinese chemical & pharmaceutical industries along with rising Indian automotive manufacturing sector will further boost the compressed air treatment equipment market in the region during the forecasted timeframe.

Based on product segment, Asia Pacific compressed air treatment equipment market is categorized into filter, dryers, air coolers and other products. Filters segment is likely to occupy a fair share of over 70% by volume and nearly 40% by revenue in 2018, and is estimated to growth with highest CAGR of more than 7.5% during the study period. Beside this, dryers hold the largest share by revenue owing to its wide usage in industrial applications and higher prices. Aftercooler and other products will also show a fair growth in their usage for various applications during the forecast timeframe.

By application, nearly 35% compressed air treatment equipment is used for process air applications which contributes to more than 30% of revenue in Asia Pacific compressed air treatment equipment market based on application. Beside this, the product usage in breathing and instrument air has increased over the recent years and is estimated to upsurge with a CAGR of nearly 7% during the study period. Moreover, product usage in plant air/ shop air applications is also likely gain momentum in the Asia Pacific market over the coming years.

Based on end-use sector, nearly 25% compressed air treatment equipment is used in steel and industrial sector. Beside this, its usage in aerospace, electronics and chemical sector has increased over the recent years in the region.

Compressed air treatment equipment market participants in the Asia Pacific region includes Elgi Compressors, Ingersoll Rand, Aircel Corporation, Gardner Denver, Atlas Copco, among several others.

Asia Pacific Compressed Air Treatment Equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

Segments Covered in this Report:

Asia Pacific Compressed Air Treatment Equipment Market Size, By Product

  • Filters
  • Dryers
  • Aftercoolers
  • Others

Asia Pacific Compressed Air Treatment Equipment Market Value, By Application

  • Plant air/shop air
  • Instrument air
  • Process air
  • Breathing air

Asia Pacific Compressed Air Treatment Equipment Market Trends, By End-User

  • Chemical
  • Paper
  • Food & beverage
  • Healthcare
  • Automotive
  • Industrial
  • Steel
  • Construction
  • Aerospace
  • Electronics
  • Others

The above information is provided on a country basis for the following:

  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • Singapore
    • Korea
    • Thailand
    • Vietnam
    • Cambodia