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, 2024 - 2032
- Published Date:Jun-2024
- Pages: 116
- Format: PDF
- Report ID: PM2454
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
Compressed air filter and dryer market size was valued at USD 5,821.57 million in 2023. The market is anticipated to grow from USD 6,135.93 million in 2024 to USD 10,472.42 million by 2032, exhibiting the CAGR of 6.7% during the forecast period.
Industry Trends
A compressed air filter and dryer function as devices designed to eliminate moisture and impurities from compressed air, ensuring its cleanliness and dryness. This equipment holds vital significance across diverse industries, including manufacturing, automotive, food and beverage, pharmaceuticals, and electronics. In these sectors, the necessity for clean and dry compressed air is paramount for efficient operations and safeguarding equipment from potential damage.
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The market for compressed air filters and dryers is poised for substantial growth in the foreseeable future. This growth is propelled by escalating demand for clean and dry air in industrial applications, stringent government regulations enforcing air quality and safety standards, and an increasing need for energy-efficient air compression systems.
Furthermore, the surge in automation adoption across industries, coupled with the expansion of various end-user industries in developing nations, is expected to drive market growth further. Anticipated technological advancements, particularly in advanced drying and filtration technologies, are poised to contribute significantly to market expansion.
Additionally, the pivotal role played by compressed air dryers and filters in the automotive sector ensures the integrity and effectiveness of diverse manufacturing processes. The global trends of industrialization and urbanization have led to a heightened demand for vehicles. Notably, regions like Asia Pacific and Europe are witnessing rapid growth in automobile demand, consequently driving the need for compressed air filters and dryers.
Key Takeaways
- North America dominated the market and contributed over 31% share of the compressed air filter and dryer market in 2023
- By product category, compressed air dryers segment dominated the global compressed air filter and dryer market size in 2023
- By end-use category, the food & beverages segment is projected to grow with a significant CAGR over the compressed air filter and dryer market forecast period
What are the Market Drivers Driving the Demand for Market?
Rapid Rate of Industrialization Drives the Market
Industrial sectors, such as manufacturing, automotive, pharmaceuticals, food and beverage, and electronics, are expanding rapidly. These industries rely on compressed air for numerous applications, creating a heightened demand for efficient air treatment solutions. The trend toward automation in industries requires reliable and clean compressed air for pneumatic systems. Automation enhances efficiency, reduces manual labor, and improves overall production processes, driving the need for quality air treatment equipment.
The oil and gas sector heavily depends on compressed air for crucial operations such as drilling, transportation, extraction, and refining. Compressed air serves as a power source for drilling equipment, assists in fluid lifting in wells, regulates downhole pressure, and utilizes valves in pipeline techniques. It plays a critical role in ensuring safety during discharge processes and pneumatic control systems in petrochemical and refining operations. Compressed air solutions are essential for maintaining the reliability and safety of compressed air systems in the oil and gas industry. Many players develop compressed air dryers for the rental industries.
Which Factor is Restraining the Demand for the Market?
High Cost and Regular Maintenance
The compressed air filters and dryer systems' high cost and periodic maintenance to ensure efficient operation may hinder the growth of the market. The maintenance procedures involve routine tasks such as replacing filter elements, conducting thorough inspections and cleanings of various components, and performing comprehensive system assessments. Adherence to this routine maintenance can result in several issues, including decreased filtration efficiency, pressure inconsistencies, and air leaks. These problems may lead to inadequate moisture control, elevated operating temperatures, and increased contamination levels. Abstaining from maintaining maintenance not only compromises the performance of the equipment but also contributes to heightened energy consumption.
Compressed Air Filter and Dryer Market Report Segmentation
The market is primarily segmented based on product, industry vertical, and region.
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By Industry Vertical |
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Category Wise Insights
By Product Insights
Based on product category analysis, the market has been segmented on the basis of compressed air dryers and compressed air filters. The compressed air dryers segment captured the largest market share since it is designed to extract water vapor or moisture (dehumidify) from industrial process air. In a typical system, the compressor pulls in humid air, compresses it, raising the air temperature, and then cools the air, causing water vapor to condense out of the unit.
Various industries, including food and beverage manufacturing, chemical compound synthesis, pharmaceuticals, and oil and gas exploration, rely on dried compressed air for optimal productivity. Compressed air dryers play a vital role in these applications by eliminating moisture from the compression process. This not only protects equipment and products from damage but also ensures clean, dry air quality. In industrial facilities that depend on a steady supply of dry, compressed air, compressed air dryers are essential. The presence of moisture in industrial air can lead to issues such as damage to pneumatic systems, freezing in pipelines, and corrosion in metallic parts. These dryers contribute to the overall efficiency of air compressor systems, not only by guaranteeing high-quality air but also by improving productivity and making operations more manageable.
By Industry Vertical Insights
Based on industry vertical category analysis, the market has been segmented on the basis of automotive, oil & gas, chemicals, power generation, food & beverages, metals & machinery, pharmaceuticals, electronics, and others. The food & beverages segment is experiencing a significant CAGR in the compressed air filter and dryer market because air and gas filtration plays a crucial role in the food and beverage industry, especially in processes like sorting, cutting, canning, surface blowing-off, and shaping consumables. In these processes, the air and gas used must be free from contaminants before coming into contact or non-contact with food products. Contaminants can include particles, microorganisms, water, and oil. Effective filtration is essential to ensure products are cleaner and safer, extending their shelf life and enhancing their taste. The compressed air filter is used in the fermentation process, water sterilization, sealing bottles, and bottling of beer in the beverage industry.
Regional Insights
North America
North America held the largest market share in the global market because of the factors such as expansive production facilities, the adoption of cutting-edge technology, and the ready availability of raw materials. Government-backed industrialization initiatives are expected to be central in fostering the manufacturing and utilization of compressed dryers and dryer filters. The swift pace of industrialization and the proliferation of manufacturing facilities in the United States are anticipated to create fresh opportunities for manufacturers of compressed dryers. Market expansion is forecasted to be driven by a confluence of factors, including a high concentration of production facilities, rising disposable income, stable economic growth, easy access to raw materials, and favorable government initiatives throughout the forecast period.
Asia Pacific
The Asia-Pacific region is poised for the accelerated development of compressed air filters and dryers, driven by diverse applications in sectors like the oil and gas industry, electronics and galley cooling, and gas sampling and analysis in aerospace. This growth is particularly evident in various industries, including automotive, chemicals & petrochemicals, aerospace/defense, oil & gas, power & utility, and other verticals, as heightened industrialization prompts increased utilization. Compressed air dryers play a crucial role in preventing hydrates and scale formation in air compressors by eliminating moisture content.
Competitive Landscape
The market is characterized by intense competition, driven by the increasing demand for clean and dry compressed air across various industries, including manufacturing, food and beverage, pharmaceuticals, and electronics. Key players dominate the market, leveraging their extensive product portfolios, strong distribution networks, and technological advancements to maintain a competitive edge. Smaller and regional players also contribute to the competitive landscape by offering specialized products and cost-effective solutions tailored to specific applications.
Some of the major players operating in the global market include:
- Airfilter Engineering
- Altec Inc.
- Atlas Copco AB
- BEKO TECHNOLOGIES
- BOGE
- Donaldson Company, Inc.
- Hitachi Global Air Power LLC
- Ingersoll Rand
- Kaeser Kompressoren
- Parker Hannifin Corp
- Pentair
- Precision Filtration Products
- SPX Flow Inc.
- Sullivan-Palatek, Inc.
- Van Air Systems
Recent Developments
- In November 2023, Atlas Copco Group has acquired Turkish company Hamamcıoğlu Makina, specializing in air compressor solutions, enhancing local presence and service capabilities in Türkiye.
- In May 2023, Atlas Copco acquired C.P. Service SRL, an Italian compressor distributor, enhancing service and sales in the southern region, leveraging a strong customer base.
- In February 2022, Kaeser Compressors has launched its latest generation of compressed air filters, offering highly efficient filtration for flow rates from 0.6 to 32.0 m3/min. With a 50% lower pressure loss compared to other filters, Kaeser's design features contribute to substantial cost savings and reduced CO2 emissions throughout the filter's service life.
- In March 2021, Donaldson unveiled Ultrapac Smart Dryer, enhancing compressed air quality in manufacturing with three-stage separation for filtering, drying, and purifying, benefiting food and beverage processes.
Report Coverage
The compressed air filter and dryer market report emphasizes on key regions across the globe to provide better understanding of the sealant to the users. Also, the report provides market insights into recent developments, trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.
The report provides detailed analysis of the market while focusing on various key aspects such as competitive analysis, product, industry vertical, and their futuristic growth opportunities.
Compressed Air Filter and Dryer Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 6,135.93 million |
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Revenue forecast in 2032 |
USD 10,472.42 million |
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CAGR |
6.7% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
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Segments covered |
By Product, By Industry Vertical, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
FAQ's
The key companies in Compressed Air Filter and Dryer Market are Airfilter Engineering, Altec Inc., Atlas Copco AB, BEKO TECHNOLOGIES, BOGE, Donaldson Company
Compressed air filter and dryer market exhibiting the CAGR of 6.7% during the forecast period
Compressed Air Filter and Dryer Market report covering key segments are product, industry vertical, and region
The key driving factors in Compressed Air Filter and Dryer Market are Rapid rate of Industrialization drives the market
Compressed Air Filter and Dryer Market Size Worth USD 10,472.42 Million by 2032
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