Major market players are spending a lot of money on R&D to increase their product lines, which will help the compressed air treatment equipment market grow even more. Market participants are also taking a range of strategic initiatives to grow their footprint all over the globe, with key market developments such as new product establishments, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the compressed air treatment equipment industry must provide cost-effective items to enhance and survive in an increasingly competitive and growing market environment.
One of the major business strategies manufacturers adopt in the global compressed air treatment equipment industry to expand clients and increase the market sector is manufacturing locally to decrease operating costs. In recent years, compressed air treatment equipment players have focused on R&D and integrated several cutting-edge technologies to maintain themselves in a highly competitive environment. In the Compressed Air treatment accessories Market, major players such as Atlas Copco Corporation (Sweden), Airfilter Engineering (Malaysia), Alpha-Pure (US), and others are working on expanding the market demand by investing in research and development activities.
Atlas Copco is a Swedish multinational industrial company that was founded in 1873. It manufactures industrial tools and equipment. The Atlas Copco Group is a global industrial group of companies headquartered in Nacka, Sweden. The company develop, manufacture, service, and rent Industrial machinery equipment tools, compressed air treatment equipment, and construction and assembly systems. The Group operates in four areas such as compressor technology, vacuum technology, power technology and industrial technology. In September 2022, Atlas Copco acquired DF-Druckluft-Fachhandel GmbH, an online platform in Germany for compressed air treatment equipment and service providers.
The acquisition permits the former to strengthen its market presence in Germany.
Also, SMC Corporation was founded in 1959 as Sintered Metal Corporation, specializing in pneumatic control engineering to help industrial automation. SMC develops a huge range of control systems and equipment, including directional control valves, actuators, and airline equipment, to support diverse applications. SMC's head office is in Sotokanda, Chiyoda-ku, and Tokyo, Japan. The enterprise has a global engineering network with technical facilities in the US, Europe, China, and Japan. Major production facilities are located in China and Singapore, and local production facilities are in the United States, Mexico, Brazil, Europe, India, Korea and Australia.
In February 2022, SMC Corporation Australia and New Zealand launched its next-generation mainline filtration range – the AC-D Series, which has been modified from previous iterations to accommodate the modern factory's ever-changing needs.