According to a recent Future Market Insights study, the global market for air compressor filters and compressed air dryers is expected to reach US$ 5.8 billion in 2023. A valuation of US$ 10.4 billion is expected by 2033, representing a 6.1% CAGR.
Air compressor filters and compressed air dryers are increasingly used in manufacturing, automotive, pharmaceuticals, food and beverage, and many other industries to power pneumatic tools, equipment, and processes. The market for compressed air dryers and air compressor filters is expected to expand due to increased use in manufacturing facilities.
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With increasing industrialization globally, the demand for air compressor filters and compressed air dryers remains high. The growing regulatory requirements for air quality and product safety in different industries like food & beverages are also expected to boost the market growth. Demand for air compressor filters and compressed air dryers is high in pharmaceuticals company owing to the need for high-quality air requirement. The demand for high-quality compressed air, along with the need to protect equipment and ensure efficient operations, fuels the growth of this market.
Manufacturers are focusing on energy-saving technologies and intelligent control systems to optimize the performance of air compressor filters and compressed air dryers, for reducing energy consumption and operating costs. The demand for technically advanced filters and dryers increases owing to the increased automation. Rising industrialization and increasing manufacturing facilities in North America are expected to provide opportunities for market growth. Increasing focus on sustainability and recycling and reusing of compressed air drives the market growth in the region.
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Key Segments:
By Product:
- Compressed Air Dryer
- Air Compressor Filter
By End-Use:
- Automotive
- Oil & gas
- Chemical
- Power Generation
- Food & beverages
- Metals & Machinery
- Pharmaceuticals
- Electronics
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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