Compressed Air Treatment Equipment Market Share

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 2037. 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.