The global air audit equipment market is forecasted to be appraised at USD 9.41 billion by 2033, up from USD 6.41 billion in 2023, advancing at a CAGR of 3.9% during the forecast period.
The benefits of air audit equipment such as providing safety to the workers, operating at peak performance, and speeding up process production by upgrading inefficient equipment, are collectively expected to secure a lucrative growth in the air audit equipment market share. Although, high costs associated with the installation, as well as the operation of these equipment are likely to reduce the product demand.
Conversely, the introduction of environment-friendly air audit equipment that provide stability and ensure clean and dry air quality and other rapid technological developments are expected to support the growth and future scopes of the market.
| Attribute | Details |
|---|---|
| Historical Value (2022) | USD 6.17 billion |
| Current Year Value (2023) | USD 6.41 billion |
| Expected Forecast Value (2033) | USD 9.41 billion |
| Historical CAGR (2018 to 2022) | 3.3% |
| Projected CAGR (2023 to 2033) | 3.9% |
The geriatric population has witnessed a significant increase in the recent years. Furthermore, there has been rising cases of various chronic diseases, such as cardiovascular diseases amongst this population. These factors are expected to surge the adoption of air audit equipment.
The pharmaceutical industry has a growing requirement for air audit equipment. This is attributed to its ability to provide highly purified compressed air for material handling, tablet coating, product drying, and nitrogen generation, which are likely to advocate the market growth.
There has been an increase in product utilization in the food & beverage industry for air cleaning containers before product packaging and filling. This is anticipated to positively impact the growth of the market trends.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
There has been an increase in demand for clean and dry compressed air to improve the life cycle of pneumatic devices She compressor systems. This is expected to be the major driver supporting the air audit equipment market growth.
Air audit equipment have a wide range of applications, and is a driving agent for robotic arms, conveyor belt, paint sprayers, presses, jackhammers, and drills. Moreover, the cost-efficiency of energy-efficient air audit equipment are likely to increase the product demand.
Air audit equipment are likely to be introduced as portable equipment at different facilities. This is attributed to several manufacturers using high-end air audit equipment that can provide high energy throughput and more output for the consumers.
Particles that may negatively impact the air compressor can be removed with the help of the equipment, which further assists in lowering the dew point of the air. This is anticipated to significantly drive the sales of air audit equipment, during the forecast period.
Unfavorable economic conditions and renewable source of energy are expected to act as major restraining factor for the growth of the air audit equipment market. Moreover, lack of commercialization is further likely to hamper the market size.
Production facilities and machineries have increased in efficiency and effectiveness. This is likely to support the market growth, as well as presents lucrative opportunities for the market players.
There has been a surge in research and development (R&D) activities to launch original air compressors. Furthermore, developing economies experiencing a growth in industrialization is likely to provide opportunities for the market players for improvement.
Principal Consultant
North America is projected to hold about 31% of the global share, and is currently the dominating air audit equipment market. This is owing to the contribution of market players in the form of hefty investments.
Products integrated with innovative technology are increasing in sales across this region. Furthermore, installing modern products, along with replacing old compressors in the manufacturing facilities are rapidly increasing in trend which are considerably supporting the air audit equipment market growth.
With an adequate revenue of 27%, Europe is expected to witness a significant growth during the forecast period. This is attributed to the rising focus of consumers on energy-efficient and easy-to-use products.
There has been an increase advancements of compliance standards are accelerating the sales of new products in the market. Additionally, the European Union implementing the legislation regarding the operational efficiency of the compressors are likely to expand the global market size.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The Asia-Pacific is a lucrative air audit equipment market, owing to the growing demand for air compressors in sectors such as manufacturing, oil & gas, food & beverage industries, and home appliances in the region. The presence of several manufacturers in the developing economies of this region, further contribute to the global air audit equipment market size.
| Country | 2022 Value Share in Global Market |
|---|---|
| United States | 22.3% |
| Germany | 5.1% |
| Japan | 5.6% |
The United States air audit equipment market has witnessed significant growth in recent years. The country has been actively promoting energy efficiency initiatives to reduce carbon emissions and combat climate change. As a result, there is a growing demand for air audit equipment to assess energy consumption and identify opportunities for improvement.
There is a rising awareness of the impact of indoor air quality on health and productivity in the country. Therefore, organizations are investing in air audit equipment to measure and maintain optimal air quality in buildings and workplaces. Moreover, stringent environmental regulations, such as the Clean Air Act, drive the demand for air audit equipment in the United States. Compliance requirements for emissions reduction and energy efficiency create a favorable market landscape for manufacturers and service providers.
The German government's strong emphasis on energy efficiency and sustainability has propelled the adoption of air audit equipment. Germany has implemented strict environmental regulations to control air pollution and promote sustainable practices. These regulations have prompted businesses to invest in air audit equipment to monitor and improve their air quality performance.
In terms of embracing renewable energy, Germany is a world leader. The integration of renewable energy sources necessitates effective air audit equipment to monitor emissions and ensure compliance with environmental standards. The industrial activity has a direct bearing on the Germany air audit equipment market. Germany has a robust industrial sector comprising automotive, chemical, manufacturing, and engineering industries. These sectors are key consumers of air audit equipment, driven by the need to comply with environmental regulations and reduce energy costs.
Japan, one of Asia's leading industrialized nations, has a significant market for air audit equipment. The country's strict environmental regulations and emphasis on energy conservation are driving the adoption of such equipment across industries. Sectors like manufacturing, automotive, electronics, and pharmaceuticals are actively using air audit equipment to enhance energy efficiency and reduce greenhouse gas emissions.
Japan has long led the world in technical innovation. Cloud-based air audit solutions are gaining popularity in Japan due to their scalability, accessibility, and ease of integration with existing systems. Cloud-based platforms enable data storage, analysis, and reporting from remote locations, enhancing efficiency and reducing maintenance costs.
| Country | Value CAGR (2023 to 2033) |
|---|---|
| United Kingdom | 2.5% |
| China | 4.4% |
| India | 4.8% |
To cut greenhouse gas emissions and make the switch to a low-carbon economy, the United Kingdom has established lofty goals. The United Kingdom has made a legally binding commitment to achieve net-zero carbon emissions by 2050. This has led to a growing awareness among businesses about the importance of energy efficiency and the need to conduct regular air audits to identify areas for improvement.
The government has also implemented various policies and regulations to promote energy efficiency and environmental sustainability. It has implemented a mandatory Building Energy Performance Certification scheme, which rates the energy efficiency of buildings. This has created a need for air audit equipment to assess and improve the energy performance of buildings, leading to market growth.
With the government's emphasis on energy conservation and emission reduction, industries are actively seeking ways to improve energy efficiency. This trend is driving the demand for air audit equipment as companies aim to optimize their air systems. China's manufacturing sector is the leading in the world. Industries such as automotive, electronics, and chemicals require efficient air systems for their operations. This creates a significant demand for air audit equipment in the country.
China's rapid industrialization and urbanization have led to a significant increase in energy consumption. As a result, industries and commercial buildings are investing in air audit equipment to optimize their energy usage and reduce costs. China is witnessing a surge in green building projects, which emphasize sustainable design and energy efficiency. This trend boosts the demand for air audit equipment in the construction sector.
India's manufacturing sector has been experiencing significant growth, particularly in automotive, pharmaceuticals, and textiles. The expansion of these industries is driving the demand for air audit equipment to ensure compliance with pollution norms and enhance productivity. The Indian government has introduced various incentive schemes and subsidies to encourage businesses to invest in energy-efficient technologies. These initiatives are expected to boost India air audit equipment market growth.
Several urban areas in India are facing air quality challenges due to pollution. Hence, local governments and environmental agencies are deploying air quality monitoring systems, creating opportunities for air audit equipment providers to collaborate with public entities. The Indian renewable energy sector is also expanding rapidly. This growth presents opportunities for air audit equipment manufacturers, as renewable energy projects require efficient air monitoring solutions.
| Segment | 2022 Value Share in Global Market |
|---|---|
| Leak Detector | 24.2% |
| Chemical & Petrochemical Plants | 46.0% |
Leak detector equipment holds a dominant position in the market due to several key factors. Stricter environmental regulations require industries to monitor and control their emissions, making leak detection crucial. Additionally, addressing air leaks improves energy efficiency, leading to cost savings and reduced carbon footprint. By optimizing industrial processes and ensuring safety, leak detector equipment offers multiple benefits. Technological advancements have further enhanced its accuracy and usability. Overall, the emphasis on sustainability, energy efficiency, and regulatory compliance has propelled the widespread adoption of leak detector equipment, making it a dominant force in the market.
Chemical and petrochemical plants dominate the market due to several key factors. Firstly, these plants are subject to strict emissions and compliance regulations, requiring regular monitoring and auditing of their air quality. Air audit equipment plays a vital role in accurately measuring and analyzing emissions to ensure compliance. Chemical and petrochemical plants also involve complex manufacturing processes that generate various pollutants. This makes air quality management crucial for worker safety and environmental protection. Air audit equipment helps in monitoring and managing air quality parameters, such as particulate matter and volatile organic compounds. Moreover, these plants handle hazardous materials, and regular air audits are necessary to detect potential leaks and prevent accidents. Energy efficiency and cost savings are also driving factors as air audits help identify energy wastage and optimize processes.
Many production processes require the use of clean and dry compressed air. The efficiency and reliability of the comprehension system can be reduced due to condensation and contaminating particles, such as oil and dust. This is because it may jeopardize the quality of the finished product.
To optimize air production and reduce unnecessary waste, manufacturers are striving to select the best combination of accessories for air treatment.
Start-up companies are considerably focusing on reducing power consumption, and therefore reducing energy costs. They further curb the audit equipment overload, consumables, and wear and tear which will end in the extension of lifetime of the air audit equipment.
The global market players are primarily focusing on the development of diverse product portfolios integrated with innovative products to attract end users from numerous industries and new technologies. As consumers demand their product requirements, it can be highly productive for the manufacturers to enhance the products and market growth.
Ingersoll-Rand PLC - Their air compressors are made with superior components and backed by our worldwide parts and service organization, providing the support needed to keep businesses running.
Parker Hannifin Corporation - They are an American corporation specializing in motion and control technologies. Their corporate headquarters are in Mayfield Heights, Ohio, in Greater Cleveland.
Gardner Denver Inc. - They provide energy efficient, reliable and IoT connected air solutions to a broad range of applications and processes used in many industries.
Atlas Copco - They are a Swedish multinational industrial company that was founded in 1873. They manufacture industrial tools and equipment. The Atlas Copco Group is a global industrial group of companies headquartered in Nacka, Sweden.
Kaeser Compressors - They manufacture compressed air and vacuum products, including rotary screw compressors, oil-less reciprocating compressors, rotary lobe blowers, rotary screw blowers, high-speed turbo blowers, refrigerated and desiccant dryers, filters, condensate management systems and other related products.
OTHER MARKET PARTICIPANTS OF THE AIR AUDIT EQUIPMENT MARKET:
Some of the recent developments in the air audit equipment market are:
The global market is estimated to be valued at USD 6.41 billion in 2023.
The global market recorded USD 6.17 billion in 2022, exhibiting a CAGR of 3.3%.
The global market is expected to progress at a CAGR of 3.9%.
The United States is likely to embrace the maximum share in the global market by 2033.
The global market is predicted to account for USD 9.41 billion by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Equipment Type 5.1. Particle Counter 5.2. Oil Vapor Measurement 5.3. Pressure Meter 5.4. Flow Meter 5.5. Differential Pressure Meter 5.6. Leak Detector 5.7. Energy Meter 5.8. Dew Point Meter 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 6.1. Automotive 6.2. Oil & Gas 6.3. Food & Beverage 6.4. Power Generation 6.5. Mining 6.6. Chemical & Petrochemical Plants 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Elgi Equipments Ltd. 17.2. Emerson 17.3. Donaldson Company Inc. 17.4. Alpha Pure 17.5. Beko Technologies 17.6. BOGE Compressors 17.7. Nessco Pressure Systems 17.8. Forbes Marshall 17.9. SMC Corporation 17.10. AIRFILTER ENGINEERING 17.11. Peerless Energy Systems 17.12. HTE Technologies 17.13. Air Energy 17.14. US Equipment 17.15. SKF 17.16. Northern Dock Systems Inc. 17.17. ANGSTROM PTE LTD. 17.18. HTE Technologies 17.19. MGM Industrial Solutions 17.20. AireTex Compressor 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Industrial Automation Insights
View Reports
Air Audit Equipment Market
