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Global Compressed Air Filter and Dryer Market Segmentation by Product (Air Dryer and Air Filter), By Industry (Automotive, Oil & Gas, Chemicals, Power Generation and Others) and By Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2023 – 2028)

Published: March, 2023
ID: 13146
Pages: 175
Formats: report pdf report excel report power bi report ppt

Compressed Air Filter and Dryer Market Size (2023 – 2028)

The Global Compressed Air Filter and Dryer Market size was US$ 5.4 billion in 2022 and is anticipated to succeed in the valuation of US$ 7.3 billion in 2028 and is predicted to register a CAGR of 6.2% during 2023-2028.

Compressed Air Filter and Dryer Market

Market Scenario:

A compressor is a mechanical device that converts the energy generated by a machine into fluid energy. The amount of compressed air is reduced by the compressor and the temperature air rise. The compressor is selected based on the desired operating pressure and displacement. Compressed air filters are primarily used to prevent damage from air contaminants that need to be filtered. There are styles of inlet filters viz. dry and moist filters. In addition, those filters are fulfilling the compressor's filtering needs. Incoming air passes via an oil bath before passing through a fine wire mesh filter in the wet filter. Second, even as repairing a dry filter, cartridges are swapped. As a result, moist filters have to be wiped clean with detergent even as being wiped clean.

Recent Developments Compressed Air Filter and Dryer Industry:

  • Eugen Theis GmbH has been acquired by Atlas Copco. The company is a German market distributor of vacuum equipment and service solutions.
  • Ingersoll Rand acquires Houdstermaatschappij Jorc B.V. - Ingersoll Rand, a global provider of mission-critical flow creation and industrial solutions, paid €27 million in cash for Houdstermaatschappij Jorc B.V. ("Jorc"). Jorc will be part of the Industrial Technologies and Services (ITS) division.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 – 2028

Base Year

2022

Forecast Period

2023 - 2028

CAGR

6.2%

Segments Covered

By Product, Industry and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Altec, Atlas Copco, Ats S.R.L., Donaldson Company, Enea Mattei, Ingersoll Rand, Kaeser Kompressoren, Spx Flow, Sullair and Others.

Compressed Air Filter and Dryer Market Drivers:

If the air is left unfiltered, the cracks and gaps in pipes and fittings that use compressed air will become dirt, oil, and water will collect and contaminate the flow of compressed air. The residue of impurities accumulated in the cracks begin to corrode the pipes, leading to serious malfunction and complete shutdown of the compressed air appliance. Compressed air filters protect these contaminants from air flow, function properly and extend the life of your equipment which reduce maintenance costs. The lower the moisture content, the more productive system will be. Accumulation of water or water vapor in equipment can cause corrosion, clogging valves, fittings, and equipment control lines and causing system failures. Therefore, a compressed air dryer is essential to block traces of water entering the flow of compressed air. Upon contact with moisture, microorganisms such as bacteria, viruses and fungi can enter the stream of compressed air. Even if the microorganisms like the sterile, dry, compressed air, the presence of the microorganisms can have a significant impact on the quality and performance of the system. Compressed air dryers are used to prevent the entry of such microorganisms into the air stream.

Compressed Air Filter and Dryer Market Restraints:

Compressed air filters and dryers operate with maximum efficiency and require regular maintenance to minimize unplanned downtime. Inadequate maintenance can lead to poor filtration efficiency, air leaks, increased energy consumption due to pressure fluctuations, high operating temperatures, improper humidity control and heavy dirt.

Regular maintenance is required for air compressors and related equipment such as filters and dryers. Neglecting maintenance can also increase energy, repair, and replacement costs. Maintenance and repairs account for approximately 12% of the lifetime cost of air compressor system, according to energy star data. Therefore, it is imperative that end users to consider the cost of maintenance and repair after purchasing such equipment.

Compressed Air Filter and Dryer Market Segmentation Analysis:

By Product:

  • Compressed Air Dryers
  • Compressed Air Filters

Compressed air dryers gained the largest market share in the market for the chemical industry in 2021. Chemical companies routinely handle toxic and flammable gases. Therefore, high quality compressed air is very important for the safety and efficiency of the equipment. Compressed air dryers, such as freeze dryers have a high demand in the chemical industry due to the requirement of high-purity products and the presence of dangerous or hazardous gases present in a chemicals production facility. Chemical facilities often experience sudden changes in temperature due to endothermic or exothermic reactions that occur within the plant. Refrigeration dryers are ideal for handling such sudden temperature changes.

By Industry:

  • Automotive
  • Oil & Gas
  • Chemicals
  • Power Generation
  • Others

In 2021, the automotive industry held the largest share of the compressed air filter and dryer market. It is one of the fastest growing industries in the world and is expected to thrive in the coming years due to increasing demand from countries such as China, the United States and Germany. Compressed air filters and dryers are the basis of the automotive industry and are used in cabin air filters, air conditioners, spray paint, laser cleaning, and automotive air spindles, air bearings, air guns and pneumatic brakes.

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Compressed Air Filter and Dryer Market Regional Analysis:

In 2021, North America held the largest share of the global compressed air filter and dryer market. The United States is the largest contributor to the North American market for compressed air filters and dryers. The presence of many automotive and food and beverage manufacturing facilities is expected to drive the North American compressed air filter and dryer market. The oil and gas industry are also one of the main drivers of market growth in the region. With stringent regulations surrounding ambient air purity standards have significantly increased the demand for compressed air filters and dryers in the United States. It is one of the largest automobile markets and its automobile industry is also one of the growing industries in the world. Furthermore, electric vehicles necessitate more compressed air filters than traditional vehicles, propelling the domestic compressed air filter and dryer market forward.

Key Players in the Market:

Major Key Players in the Global Compressed Air Filter and Dryer Market are

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FAQ's

What is the CAGR expected to be recorded for the compressed air filter and dryer market during 2023-2028

The global compressed air filter and dryer market is expected to record a CAGR of 6.2% from 2023–2028.

What are the driving factors for the compressed air filters and dryers?

Increasing adoption of compressed air systems to improve productivity is one of the drivers behind factors of market growth.

Who are the major vendors operating in the compressed air filter and dryer market?

Parker-Hannifin (US), Ingersoll Rand (US), Atlas Copco (Sweden), Pentair (UK), and Donaldson Company (US) are the top five players in the compressed air filter and dryer market

Which region will lead the compressed air filter and dryer market in the future?

North America is expected to lead the compressed air filter and dryer market during the forecast period.

What are the estimates for the Compressed air filter and dryer market?

Compressed air filter and dryers’ market was estimated to be valued at $5.4 billion in 2022.

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