The global compressed air filter and dryer market size are expected to reach USD 9.22 billion by 2030 according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The devices will be used in various industries, including automotive, aerospace/defense, chemicals & petrochemicals, oil & gas, power & utility, and other end-use verticals due to rising Industrialization. They are used practically in every industry, is usually regarded as the fourth utility, after water, electricity, and natural gas. Compressors for industrial use are as significant as steam engines were during the industrial revolution.
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Furthermore, the Industrialization saw road construction, bridge construction, and railroad development open up new economic opportunities for farmers, industrialists, and other businesses to boost market potential and profitability using portable devices. These devices avoid hydrates and scale formation in compressors by removing vapor content.
This scenario is anticipated to provide plenty of chances for product manufacturers worldwide. Increased use in various end-use verticals is expected to boost product penetration in manufacturing plants. Additionally, they provide several advantages, including extending the life of compressors by reducing the danger of corrosion, scale, and hydrate development.
The compressed dryers segment accounted largest revenue share. Although refrigerant dryers are useful in various industries, pharmaceuticals and healthcare continue to be the most popular. Chemical businesses deal with dangerous and flammable gases daily. Because of the need for high-purity products and the presence of harmful or hazardous gases in a chemical manufacturing facility, dryers are in high demand in the chemicals sector.
Market players such as Atlas Copco, BOGE Kompressoren, Mann+Hummel, Parker-Hannifin, Van Air Systems, and Zeks Compressed Air Solutions are key players operating in the global market.
In May 2021, Nortekbelair Corporation was bought by Xebec Adsorption Inc. Xebec's production footprint will grow with the addition of an 18,500 square foot facility in Maryville, Tennessee, as well as key employees to establish a "Center of Excellence" for its dehydration product offerings, which include renewable natural gas washers, hydrogen dryers, and assistance for its Cleantech Network Infrastructure.
Polaris Market Research has segmented the compressed air filter and dryer market report based on product, industry vertical, and region:
Compressed Air Filter and Dryer, Product Outlook (Revenue - USD Billion, 2018 - 2030)
Compressed Air Filter and Dryer, Industry Vertical Outlook (Revenue - USD Billion, 2018 - 2030)
Compressed Air Filter and Dryer, Regional Outlook (Revenue - USD Billion, 2018 - 2030)