Forecast: Compressed Air Filter and Dryer Market to Reach $7.4 Billion by 2028

Compound annual growth rate (CAGR) of 5.8% is predicted for the global Compressed Air Filter and Dryer Market Size, which is projected to reach USD 7.4 billion by 2028 from USD 5.6 billion in 2023.

Pune, 04/04/2024 (informazione.it - comunicati stampa - scienza e tecnologia)

The Compressed Air Filter and Dryer Market is expected to increase significantly, rising from USD 5.6 billion in 2023 to USD 7.4 billion by 2028. Numerous variables listed in the market research report are responsible for this rise, which is predicted to occur at a CAGR of 5.8% over the projected period.

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The study explores the many product categories in this market, which include air filters (particulate, coalescing, compressed intake, and activated carbon) and air dryers (refrigeration, desiccant, deliquescent, and membrane). These goods emphasise their adaptability and cross-sector application by serving a broad range of industries. Regional assessments also throw light on the state of the market by highlighting the major areas propelling expansion. All things considered, the prediction highlights the rising need for compressed air filtration and drying solutions, driven by technological breakthroughs, industrial growth, and rising consciousness about air quality and efficiency across a range of industries.

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A number of important variables are responsible for the market's noteworthy rise in compressed air filters and dryers. The growing use of compressed air systems in many industrial processes to increase efficiency and output is one important factor. Additionally, the market is growing due to the growing need for compressed air solutions, especially in the food and beverage sector. This industry needs effective filtration and drying systems since it uses compressed air extensively for processing, bottling, and packing, among other uses. The market is also gaining a lot of pace since Industry 4.0 practices—which combine cutting-edge technologies to streamline production processes—are being more widely used. By improving system performance and operational efficiency, the introduction of energy-efficient compressed air filters and the integration of smart control and IoT technologies further aid in market advancement. As a result, the changing industrial landscape along with these important growth factors position the compressed air filter and dryer market for sustained expansion.

Compressed air filter segment to grow with higher CAGR during the forecast period.

Compressed air dryers and compressed air filters are the two main segments of the compressed air filter and dryer market. Particulate filters, coalescing filters, compressed intake filters, and activated carbon filters are further subcategories of the compressed air filter segment. These differences address different air purity requirements for different industrial uses. In order to completely clean compressed air systems of impurities like lubricants, condensates, and particles, compressed air filters are essential. To maintain product quality and safety, industries including electronics, medicines, and food and beverage need clean air. As a result, the market for compressed air filters is expected to experience substantial expansion in the next years due to the strict regulations pertaining to air purity in various industrial sectors.

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Automotive industry to hold largest market share during the forecast period.

With the biggest market share, the automotive sector is expected to dominate the compressed air filter and dryer market throughout the forecast period. The automobile industry, one of the global leaders in income generation, depends heavily on compressed air dryers and filters to maintain the effectiveness and dependability of its production processes. Global urbanisation and industrialization are growing faster than ever, which has increased demand for automobiles. The automobile industry is expanding quickly, especially in Asia Pacific and Europe. As a result, there is a greater demand for dryers and compressed air filters to support production processes. This rise in demand highlights how essential compressed air filtration technology is to maintaining the productivity and quality standards of the car production industry.

North America accounted for the largest market share of compressed air filter and dryer market in 2023.

North America, which is made up of the United States, Canada, and Mexico, is where the majority of the market for compressed air filters and dryers is found. North America is recognised as the region with the highest volume of compressed air system consumption. Its advanced industries make extensive use of compressed air dryers and filters, which are the main factors propelling the market's expansion. The market for compressed air filters and dryers in North America is expected to grow since there are a lot of factories, especially in the food and beverage and automotive industries. North America continues to be a major region driving the demand for compressed air filtration and drying solutions, greatly contributing to the market's growth trajectory. The region has a strong industrial infrastructure and a booming manufacturing landscape.

The report profiles key players such Atlas Copco (Sweden), Ingersoll Rand (US), PARKER HANNIFIN CORP (US), Pentair (UK), and Donaldson Company, Inc. (US) and others.

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