The compressed air filtration and dryer system market is predicted to grow at a moderate CAGR of 6% during the forecast period. The compressed air filtration and dryer system market is likely to reach nearly US$ 9.8 Billion by 2032 from US$ 5 Billion in 2021.
Compressed air solutions, which are increasingly being used to improve production, are in high demand in the food and beverage industry. Compressed air dryers protect equipment from hazardous and corrosive environments.
Compressed air dryers have grown in popularity in recent years as a result of their numerous applications in a variety of industries, including healthcare and medicine. In recent years, producers have increased their manufacturing capacity using refrigeration systems to meet expanding demand.
The compressed air filtration and dryer system market’s progress is aided by the strong forecast of the automotive, healthcare, and food and beverage sectors. In all sectors, compressed air production is one of the costliest auxiliary functions. The most important components of compressed air systems are compressed air filters and dryers. These systems are extremely sensitive to their surroundings.
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Key Takeaways
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Demand from China is expected to boost revenue in the Asia Pacific compressed air treatment equipment market, which is expected to increase at a rate of over 6% through 2027.
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Because compressed air is required in a wide range of industrial applications, China’s global leadership in automobile and industrial production is having a significant impact on the whole market.
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The compressed air filtration and dryer system market size in the healthcare industry is expected to exceed USD 1 billion by 2020. The market demand is being fueled by the increasing use of compressed air treatment systems in the medical compressed air sector.
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The prevalence of humidity and other impurities in the process air is expected to drive a 4.5 percent CAGR in-process air from 2021 to 2027, which could have severe implications for plants.
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Due to its widespread use to remove or reduce the amount of water from compressed air, compressed air dryers are expected to account for roughly 35 percent of the compressed air filtration and dryer system market share in 2027.
Key Segments
By Product Type:
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Compressed Air Dryers
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Refrigeration Dryers
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Desiccant or Adsorption Dryers
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Deliquescent Dryers
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Membrane Dryers
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Compressed Air Filters
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Particulate Filters
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Coalescing Filters
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Compressed Intake Filters
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Activated Carbon filters
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By Industry:
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Automotive
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Oil & Gas
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Chemicals
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Food & Beverages
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Electronics
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Others
By Region:
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North America
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Latin America
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Europe
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Asia Pacific
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Middle East and Africa (MEA)
Competitive Landscape
To gain a competitive advantage, market players are continually engaging in regional expansion through partnerships, joint ventures, and mergers and acquisitions. Elgi Compressors USA, Inc. opened a new headquarters in Europe in September 2019, demonstrating the company’s strong expansion in the region.
Atlas Copco, Gardner Denver, Ingersoll Rand, Kaeser, Emerson Climate Technologies, Donaldson, Mann+Hummel, and Parker Hannifin are among the leading compressed air treatment equipment manufacturers.
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