The Compressed Air Filter and Dryer Market size was estimated at USD 5.53 Billion in 2023 and is expected to reach USD 8.85 Billion by 2031 at a CAGR of 6.02% during the forecast period of 2024-2031.
The growing adoption of compressed air systems to increase productivity, rising demand for compressed air solutions from the food and beverage industry, and increased use of compressed air dryers to protect equipment against hazardous and corrosive environments are driving the compressed air filter and dryer industry's growth. When air is not filtered, dirt, oil, and water accumulate in the cracks and crevices of pipes and fittings that use compressed air, polluting the compressed air stream. The pollutants that have accumulated in the fissures begin to corrode the pipes, resulting in severe malfunctions or complete shutdowns of compressed air equipment. Compressed air filters ensure that no such impurities enter the air stream, maintaining optimal operation and equipment longevity. as well as lower operating costs. The lower the moisture content, the higher the system's production. Water and water vapor buildup in equipment produces corrosion, which can clog valves, fittings, and instrument control lines, causing system failure. As a result, compressed air dryers are critical for preventing water from entering the compressed air stream. When exposed to moisture, microorganisms such as bacteria, viruses, and fungi can enter the compressed air stream. Even if microorganisms enter sterile and dry compressed air, their presence has a significant impact on the system's quality and performance. Compressed air dryers are used to prevent such bacteria from entering the air stream.
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MARKET DYNAMICS
DRIVERS
Compressed air systems are increasingly being used to boost productivity.
Prioritizing quality, energy efficiency, and technological innovation.
Still needed is clean, dry compressed air to maintain machine dependability and product quality. The increasing focus on energy conservation encourages the use of efficient filtration and drying procedures. Advancements in technology and materials have enhanced the efficiency and performance of filters and dryers.
RESTRAIN
Periodic maintenance is required.
Economic Variations and Maintenance Issues
For some firms, the high upfront expenses of modern filtration and drying equipment can prevent their adoption. Economic downturns might result in postponed purchases of new machinery, which affects the market for filters and dryers. For enterprises with large-scale systems, filter element maintenance, and replacement can be time-consuming and expensive.
OPPORTUNITY
Class 0 air is increasingly being used in pharmaceutical packaging.
Increased awareness, personalization, and aftermarket services
There is potential for market expansion and education as industries become more aware of the advantages of clean, dry air. There may be potential in niche markets if specialized solutions are created for particular sectors or applications. Offering service agreements and replacement parts can be a successful company strategy.
CHALLENGES
For proper operation, a strictly controlled atmosphere is required.
Market Competition Technological Pace
IMPACT OF RUSSIA-UKRAINE WAR
The Russia-Ukraine conflict prevented any chance of a global economic rebound. Economic sanctions on several nations, a rise in commodity prices, and disruptions in the supply chain as a result of the conflict between these two nations have all had an impact on numerous markets around the world. Sales of equipment used to provide air compressor filters and compressed air dryer services, such as the removal of mists, vapor, and other impurities, make up the air compressor filter and compressed air dryer market. Values in this market are referred to as factory gate values, which are the prices at which goods are sold directly to consumers or other businesses (such as downstream manufacturers, wholesalers, distributors, and retailers).
IMPACT OF ONGOING RECESSION
The domestic pharmaceutical market in India was estimated to be worth US$ 43 billion in 2021 and is expected to increase to US$ 66 billion by 2024 and US$ 120–132 billion by 2030, according to the India Brand Equity Foundation, a trust with headquarters in India that was founded by the Department of Commerce. Additionally, in January 2022, the Indian pharmaceutical market's entire revenue increased by 13.9%. Furthermore, 4.6% of the world's pharmaceuticals were produced in Germany in 2020, according to At Radius Collections, a full-service B2B debt collection company with headquarters. The value-added output of the pharmaceutical sector is anticipated to rise by 4.1% in 2022 and by more than 2% in 2023, following an increase of 5.4% in 2021. As a result, the market for compressed air dryers and air compressor filters is being driven by the expansion of the pharmaceutical industry.
By Product
Compressed Air Dryers
Refrigeration Dryers
Desiccant/Adsorption Dryers
Deliquescent Dryers
Membrane Dryers
Compressed Air Filters
Particulate Filters
Coalescing Filters
Compressed Intake Filters
Activated Carbon Filters
By Industry
Automotive
Oil & Gas
Chemicals
Power Generation
Food & Beverages
Metals & Machinery
Pharmaceuticals
Electronics
Others
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REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
The rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSES
The compressed air filter and dryer market in North America grew at the fastest rate in terms of revenue. Due to the availability of substantial production facilities, the adoption of new technology, and the ease of procuring raw materials, the market for air treatment equipment in the nation is anticipated to expand. Furthermore, it is anticipated that the production and use of compressed dryers and dryer filters will be concentrated in several government-sponsored industrialization schemes. Manufacturers of compression dryers should expect new opportunities as a result of the United States accelerating industrialization and expanding manufacturing facilities.
The global market is anticipated to grow rapidly in the Asia-Pacific region. China is anticipated to lead the compression dryer market because of its rapid infrastructure development. Due to well-coordinated government initiatives, the region's manufacturing activity in the automotive, chemical, electronics, and pharmaceutical sectors is growing rapidly. The National Policy on Electronics (NPE), which was approved by India's Union Cabinet in February 2019, calls for the country's electronics manufacturing sector to increase to roughly USD 400 billion by 2025.
The major Key players are Airfilter Engineering, Altec, Atlas Copco, Beko Technologies, Boge Kompressoren, Donaldson Company, Ingersoll Rand, Kaeser Kompressoren, Parker-Hannifin, Pentair, Precision Filtration Products, SPX Flow, Sullair, Sullivan-Palatek, Van Air Systems, and others.
Airfilter Engineering-Company Financial Analysis
RECENT DEVELOPMENT
Atlas Copco: In November 2021, Atlas Copco unveiled the exceptionally dependable and economical Cerades Desiccant Dryer. These dryers are suitable for the food and beverage, semiconductor, and pharmaceutical industries.
Parker-Hannifin: In May 2021, to provide technically oil-free compressed air for the rental business, Parker-Hannifin introduced a desiccant compressed air dryer.
| Report Attributes | Details |
| Market Size in 2024 | US$ 5.53 Bn |
| Market Size by 2031 | US$ 8.85 Bn |
| CAGR | CAGR of 6.02% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Compressed Air Dryers, Refrigeration Dryers, Desiccant/Adsorption Dryers, Deliquescent Dryers, Membrane Dryers, Compressed Air Filters, Particulate Filters, Coalescing Filters, Compressed Intake Filters, Activated Carbon Filters) • By Industry (Automotive, Oil & Gas, Chemicals, Power Generation, Food & Beverages, Metals & Machinery, Pharmaceuticals, Electronics, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Airfilter Engineering, Altec, Atlas Copco, Beko Technologies, Boge Kompressoren, Donaldson Company, Ingersoll Rand, Kaeser Kompressoren, Parker-Hannifin, Pentair, Precision Filtration Products, SPX Flow, Sullair, Sullivan-Palatek, Van Air Systems |
| Key Drivers | • Compressed air systems are increasingly being used to boost productivity. • Prioritizing quality, energy efficiency, and technological innovation |
| Market Restraints | • Periodic maintenance is required. • Economic Variations and Maintenance Issues |
Ans: The Compressed Air Filter and Dryer Market is growing at a CAGR of 6.02% from 2024 to 2031.
Ans: The Compressed Air Filter and Dryer Market is anticipated to reach USD 8.85 billion By 2031.
One of the factors propelling market expansion is the increasing use of compressed air systems to boost productivity.
The leading participants in the Airfilter Engineering, Altec, Atlas Copco, Beko Technologies, Boge Kompressoren, and Donaldson Company.
Yes, you may request customization based on your company's needs.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Compressed Air Filter and Dryer Market, By Product
8.1 Compressed Air Dryers
8.2 Refrigeration Dryers
8.3 Desiccant/Adsorption Dryers
8.4 Deliquescent Dryers
8.5 Membrane Dryers
8.6 Compressed Air Filters
8.7 Particulate Filters
8.8 Coalescing Filters
8.9 Compressed Intake Filters
8.10 Activated Carbon Filters
9. Compressed Air Filter and Dryer Market, By Industry
9.1 Automotive
9.2 Oil & Gas
9.3 Chemicals
9.4 Power Generation
9.5 Food & Beverages
9.6 Metals & Machinery
9.7 Pharmaceuticals
9.8 Electronics
9.9 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Compressed Air Filter and Dryer Market, by Country
10.2.2North America Compressed Air Filter and Dryer Market, By Product
10.2.3 North America Compressed Air Filter and Dryer Market, By Application
10.2.4 USA
10.2.4.1 USA Compressed Air Filter and Dryer Market, By Product
10.2.4.2 USA Compressed Air Filter and Dryer Market, By Application
10.2.5 Canada
10.2.5.1 Canada Compressed Air Filter and Dryer Market, By Product
10.2.5.2 Canada Compressed Air Filter and Dryer Market, By Application
10.2.6 Mexico
10.2.6.1 Mexico Compressed Air Filter and Dryer Market By Product
10.2.6.2 Mexico Compressed Air Filter and Dryer Market By Application
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Compressed Air Filter and Dryer Market by Country
10.3.1.2 Eastern Europe Compressed Air Filter and Dryer Market By Product
10.3.1.3 Eastern Europe Compressed Air Filter and Dryer Market By Application
10.3.1.4 Poland
10.3.1.4.1 Poland Compressed Air Filter and Dryer Market By Product
10.3.1.4.2 Poland Compressed Air Filter and Dryer Market By Application
10.3.1.5 Romania
10.3.1.5.1 Romania Compressed Air Filter and Dryer Market By Product
10.3.1.5.2 Romania Compressed Air Filter and Dryer Market By Application
10.3.1.6 Hungary
10.3.1.6.1 Hungary Compressed Air Filter and Dryer Market By Product
10.3.1.6.2 Hungary Compressed Air Filter and Dryer Market By Application
10.3.1.7 Turkey
10.3.1.7.1 Turkey Compressed Air Filter and Dryer Market By Product
10.3.1.7.2 Turkey Compressed Air Filter and Dryer Market By Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Compressed Air Filter and Dryer Market By Product
10.3.1.8.2 Rest of Eastern Europe Compressed Air Filter and Dryer Market By Application
10.3.2 Western Europe
10.3.2.1 Western Europe Compressed Air Filter and Dryer Market by Country
10.3.2.2 Western Europe Compressed Air Filter and Dryer Market By Product
10.3.2.3 Western Europe Compressed Air Filter and Dryer Market By Application
10.3.2.4 Germany
10.3.2.4.1 Germany Compressed Air Filter and Dryer Market By Product
10.3.2.4.2 Germany Compressed Air Filter and Dryer Market By Application
10.3.2.5 France
10.3.2.5.1 France Compressed Air Filter and Dryer Market By Product
10.3.2.5.2 France Compressed Air Filter and Dryer Market By Application
10.3.2.6 UK
10.3.2.6.1 UK Compressed Air Filter and Dryer Market By Product
10.3.2.6.2 UK Compressed Air Filter and Dryer Market By Application
10.3.2.7 Italy
10.3.2.7.1 Italy Compressed Air Filter and Dryer Market By Product
10.3.2.7.2 Italy Compressed Air Filter and Dryer Market By Application
10.3.2.8 Spain
10.3.2.8.1 Spain Compressed Air Filter and Dryer Market By Product
10.3.2.8.2 Spain Compressed Air Filter and Dryer Market By Application
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Compressed Air Filter and Dryer Market By Product
10.3.2.9.2 Netherlands Compressed Air Filter and Dryer Market By Application
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Compressed Air Filter and Dryer Market By Product
10.3.2.10.2 Switzerland Compressed Air Filter and Dryer Market By Application
10.3.2.11 Austria
10.3.2.11.1 Austria Compressed Air Filter and Dryer Market By Product
10.3.2.11.2 Austria Compressed Air Filter and Dryer Market By Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Compressed Air Filter and Dryer Market By Product
10.3.2.12.2 Rest of Western Europe Compressed Air Filter and Dryer Market By Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Compressed Air Filter and Dryer Market by Country
10.4.2 Asia Pacific Compressed Air Filter and Dryer Market By Product
10.4.3 Asia Pacific Compressed Air Filter and Dryer Market By Application
10.4.4 China
10.4.4.1 China Compressed Air Filter and Dryer Market By Product
10.4.4.2 China Compressed Air Filter and Dryer Market By Application
10.4.5 India
10.4.5.1 India Compressed Air Filter and Dryer Market By Product
10.4.5.2 India Compressed Air Filter and Dryer Market By Application
10.4.6 Japan
10.4.6.1 Japan Compressed Air Filter and Dryer Market By Product
10.4.6.2 Japan Compressed Air Filter and Dryer Market By Application
10.4.7 South Korea
10.4.7.1 South Korea Compressed Air Filter and Dryer Market By Product
10.4.7.2 South Korea Compressed Air Filter and Dryer Market By Application
10.4.8 Vietnam
10.4.8.1 Vietnam Compressed Air Filter and Dryer Market By Product
10.4.8.2 Vietnam Compressed Air Filter and Dryer Market By Application
10.4.9 Singapore
10.4.9.1 Singapore Compressed Air Filter and Dryer Market By Product
10.4.9.2 Singapore Compressed Air Filter and Dryer Market By Application
10.4.10 Australia
10.4.10.1 Australia Compressed Air Filter and Dryer Market By Product
10.4.10.2 Australia Compressed Air Filter and Dryer Market By Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Compressed Air Filter and Dryer Market By Product
10.4.11.2 Rest of Asia-Pacific Compressed Air Filter and Dryer Market By Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Compressed Air Filter and Dryer Market by Country
10.5.1.2 Middle East Compressed Air Filter and Dryer Market By Product
10.5.1.3 Middle East Compressed Air Filter and Dryer Market By Application
10.5.1.4 UAE
10.5.1.4.1 UAE Compressed Air Filter and Dryer Market By Product
10.5.1.4.2 UAE Compressed Air Filter and Dryer Market By Application
10.5.1.5 Egypt
10.5.1.5.1 Egypt Compressed Air Filter and Dryer Market By Product
10.5.1.5.2 Egypt Compressed Air Filter and Dryer Market By Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Compressed Air Filter and Dryer Market By Product
10.5.1.6.2 Saudi Arabia Compressed Air Filter and Dryer Market By Application
10.5.1.7 Qatar
10.5.1.7.1 Qatar Compressed Air Filter and Dryer Market By Product
10.5.1.7.2 Qatar Compressed Air Filter and Dryer Market By Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Compressed Air Filter and Dryer Market By Product
10.5.1.8.2 Rest of Middle East Compressed Air Filter and Dryer Market By Application
10.5.2 Africa
10.5.2.1 Africa Compressed Air Filter and Dryer Market by Country
10.5.2.2 Africa Compressed Air Filter and Dryer Market By Product
10.5.2.3 Africa Compressed Air Filter and Dryer Market By Application
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Compressed Air Filter and Dryer Market By Product
10.5.2.4.2 Nigeria Compressed Air Filter and Dryer Market By Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Compressed Air Filter and Dryer Market By Product
10.5.2.5.2 South Africa Compressed Air Filter and Dryer Market By Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Compressed Air Filter and Dryer Market By Product
10.5.2.6.2 Rest of Africa Compressed Air Filter and Dryer Market By Application
10.6 Latin America
10.6.1 Latin America Compressed Air Filter and Dryer Market by Country
10.6.2 Latin America Compressed Air Filter and Dryer Market By Product
10.6.3 Latin America Compressed Air Filter and Dryer Market By Application
10.6.4 Brazil
10.6.4.1 Brazil Compressed Air Filter and Dryer Market By Product
10.6.4.2 Brazil Compressed Air Filter and Dryer Market By Application
10.6.5 Argentina
10.6.5.1 Argentina Compressed Air Filter and Dryer Market By Product
10.6.5.2 Argentina Compressed Air Filter and Dryer Market By Application
10.6.6 Colombia
10.6.6.1 Colombia Compressed Air Filter and Dryer Market By Product
10.6.6.2 Colombia Compressed Air Filter and Dryer Market By Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Compressed Air Filter and Dryer Market By Product
10.6.7.2 Rest of Latin America Compressed Air Filter and Dryer Market By Application
11. Company Profile
11.1 Airfilter Engineering
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Altec
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Atlas Copco
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Beko Technologies
11.4.1 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Boge Kompressoren
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Donaldson Company
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Ingersoll Rand
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Kaeser Kompressoren
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Parker-Hannifin
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Pentair
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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