Global Compressed Air Filter and Dryer Market Size, Share, Trends, & Growth Forecast Report – Segmented by Product (Air Dryer and Air Filter), Industry (Automotive, Oil & Gas, Chemicals, Power Generation, and Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Industry Analysis (2024 to 2029)

Updated On: June, 2024
ID: 13146
Pages: 175

Global Compressed Air Filter and Dryer Market Size (2024 to 2029)

The global compressed air filter and dryer market is expected at USD 6.09 billion in 2024 and is anticipated to succeed in the valuation of USD 8.22 billion by 2029, growing at a CAGR of 6.20% during the forecast period.

Current Scenario of the Global Compressed Air Filter and Dryer Market

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.

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.

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.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

6.20%

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.

 

SEGMENTAL ANALYSIS

Global Compressed Air Filter and Dryer Market Analysis By Product

Compressed air dryers gained the largest market share in the market for the chemical industry. 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.

Global Compressed Air Filter and Dryer Market Analysis By Industry

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.

REGIONAL ANALYSIS

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 MARKET PLAYERS

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

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

RECENT HAPPENINGS IN THE MARKET

  • 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.

DETAILED SEGMENTATION OF THE GLOBAL COMPRESSED AIR FILTER AND DRYER MARKET INCLUDED IN THIS REPORT

This research report on the global compressed air filter and dryer market has been segmented and sub-segmented based on the product, technology, application, and region. 

By Product

  • Compressed Air Dryers
  • Compressed Air Filters

By Industry

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

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

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Frequently Asked Questions

What are the primary applications of compressed air filters and dryers?

Compressed air filters and dryers are primarily used in industries such as manufacturing, food and beverage, pharmaceuticals, chemicals, and electronics. These devices are essential for removing contaminants and moisture from compressed air systems to ensure high-quality and reliable operation.

What are the key drivers for the growth of the compressed air filter and dryer market?

The key drivers include increasing industrial automation, the need for high-quality compressed air in manufacturing processes, stringent environmental regulations, and the rising demand for energy-efficient solutions.

How are technological advancements impacting the compressed air filter and dryer market?

Technological advancements are leading to the development of more efficient and reliable compressed air filters and dryers. Innovations such as smart monitoring systems, energy-efficient designs, and improved filter materials are enhancing the performance and lifespan of these products.

What challenges are faced by the compressed air filter and dryer market?

Challenges include high initial investment costs, the need for regular maintenance and replacement of filters, and the availability of counterfeit products. Additionally, fluctuating raw material prices can impact the profitability of manufacturers.

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