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air compressor filter dryer market

Compressed Air Filter and Dryer Market Share, Size, Trends, Industry Analysis Report, By Product (Compressed Air Dryers, Compressed Air Filters); By Industry Vertical; By Region; Segment Forecast, 2022 - 2030

  • Published Date: Jun 2022
  • Pages: 117
  • Format: PDF
  • Report ID: PM2454
  • Base Year: 2021
  • Historical Data: 2018 - 2020

Report Summary

The global compressed air filter and dryer market was valued at USD 5.28 billion in 2021 and is expected to grow at a CAGR of 6.7% during the forecast period. The industry has grown in popularity due to their numerous applications in various industries, including healthcare and medicine. Manufacturers have recently increased their manufacturing capacity to meet expanding demand.

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For instance, in April 2020, BOGE released a small-scale portable compressor. BOGE is focusing its resources on containing the outbreak as rapidly as possible. The BOGE EO Med portable solution has a simple installation method that may be extended in medical air installations or used as a completely new medical system in only a few hours and with minimal installation labor.

The EO series is oil-free and silent. It is appropriate for sensitive regions and feeding temporary ventilation centers, exposition, and sports halls that may be employed as quarantine facilities during COVID-19. Medical dryers are used for patient care in the healthcare business and are meant to remove water vapor during wind compression.

Further, such devices are utilized in pipes and fittings used in industrial facilities such as industrial refrigeration systems or point-of-use water treatment facilities to reduce the accumulation of impurities. The rise in the number of wastewater treatment plants has increased the demand for these compressed air filter and dryer market across the globe. This type of desiccant filter for compressors also avoids water accumulation and lowers the cost of corrosion maintenance for installed gear and equipment. These types of driers are projected to see increased demand from key industrial businesses since they boost the productivity of the production system.

The sale of inline desiccant dryers is expected to skyrocket throughout the forecast years, owing to the development in business volume of automobiles, oil & gas, and chemicals. However, constraints such as high maintenance costs, a scarcity of qualified specialists, the risk of system explosion, and a lack of awareness about just the proper use and application of the devices may restrict the market's growth.

Industry Dynamics

Growth Drivers
Various firms have developed innovative compressor dryer ideas, proving a lucrative market for the industry worldwide. For instance, in March 2021, the “Ultrapac Smart dryer” helps in removing condensate. It dries compressor streams in the manufacturing faculties using its 3-phase separation method, including, drying, and the purification, introduced by the Donaldson Company.

Highly filtered compressed air is essential for food and beverage processing applications such as beer, bottled water, milk, wine, and yogurt. Further, the market will be driven by the increasing use of class 0 air in the pharma packaging. Various governments have mandated Class 0 air for medical packaging, resulting in the growth of the market. Previously, manual packing techniques resulted in losses for many pharmaceutical corporations due to contaminated atmosphere. Such devices can remove all forms of contaminants from a compressed stream, and dryers to ensure that medications are packaged moisture and oil free.

Report Segmentation

The market is primarily segmented based on product, industry vertical, and region.

By Product

By Industry Vertical

By Region

  • Compressed Air Dryers
    • Refrigeration
    • Desiccant/Adsorption
    • Deliquescent
    • Membrane
  • Compressed Air Filters
    • Particulate Filters
    • Coalescing Filters
    • Compressed Intake Filters
    • Activated Carbon Filters
  • Automotive
  • Oil & Gas
  • Chemicals
  • Power Generation
  • Food & Beverages
  • Metals & Machinery
  • Pharmaceuticals
  • Electronics
  • Others
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Industry Vertical

Based on the industry vertical segment, the automotive segment is expected to be the most significant revenue contributor. It is one of the world's top revenue-generating businesses. It is predicted to grow in the coming years as demand from countries like China, the US, and Germany increases. The automotive industry extensively relies on such devices.

Compressed air treatment systems are projected to see increased use in oil and gas and aerospace and defense. Other applications, including combustion in the oil and gas sector, electronics and galley cooling, and gas collection and data in the aerospace industry, are expected to drive the marketing strategy for such devices in the near future.

Geographic Overview

North America had the largest revenue share in the compressed air filter and dryer market growth. The country's air treatment equipment market is expected to grow due to the availability of large production facilities, the adoption of new gear, and the accessibility of obtaining raw materials.

Furthermore, several government-sponsored industrialization programs are predicted to be the epicenter for manufacturing and using compressed dryers and dryer filters. Rapid industrialization and growing manufacturing facilities in the U.S. are expected to provide new avenues for compressed dryer manufacturers.

Followed by North America, Europe holds the second-largest share in the compressed air filter and dryer market growth. Market growth is predicted to be boosted by a high concentration of production facilities, increased disposable income, stable economic expansion, easy availability of raw materials, and favorable government initiatives over the forecast period. Germany has a lot of potential because of its manufacturing units, which are heavily influenced by the automobile industry.

Moreover, Asia Pacific is expected to witness a high CAGR in the global market. China is expected to dominate compressed dryer demand due to fast development and improving infrastructure. The region's manufacturing activity in the electronics, automotive, chemical, and pharmaceutical industries is expanding significantly due to coordinated government measures. In February 2019, India's Union Cabinet approved the National Policy on Electronics (NPE), which calls for the country's electronics manufacturing industry to grow to about USD 400 billion by 2025.

Competitive Insight

Some of the major players operating in the global market include 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, and Van Air Systems, among others.

Compressed Air Filter and Dryer Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 5.28 Billion

Revenue forecast in 2030

USD 9.22 Billion

CAGR

6.7% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD Billion and CAGR from 2022 to 2030

Segments covered

By Product, By Industry Vertical, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key companies

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, and Van Air Systems

 

Key Take-Away
Polaris Market Research
Compressed Air Filter and Dryer Market Global Report, 2022 - 2030