Compressed Air Filter and Dryer Market Scope & Overview:

The Compressed Air Filter and Dryer Market size was estimated at USD 5.53 Billion in 2023 and is expected to reach USD 8.85 Billion by 2031 at a CAGR of 6.02% during the forecast period of 2024-2031.

The growing adoption of compressed air systems to increase productivity, rising demand for compressed air solutions from the food and beverage industry, and increased use of compressed air dryers to protect equipment against hazardous and corrosive environments are driving the compressed air filter and dryer industry's growth. When air is not filtered, dirt, oil, and water accumulate in the cracks and crevices of pipes and fittings that use compressed air, polluting the compressed air stream. The pollutants that have accumulated in the fissures begin to corrode the pipes, resulting in severe malfunctions or complete shutdowns of compressed air equipment. Compressed air filters ensure that no such impurities enter the air stream, maintaining optimal operation and equipment longevity. as well as lower operating costs. The lower the moisture content, the higher the system's production. Water and water vapor buildup in equipment produces corrosion, which can clog valves, fittings, and instrument control lines, causing system failure. As a result, compressed air dryers are critical for preventing water from entering the compressed air stream. When exposed to moisture, microorganisms such as bacteria, viruses, and fungi can enter the compressed air stream. Even if microorganisms enter sterile and dry compressed air, their presence has a significant impact on the system's quality and performance. Compressed air dryers are used to prevent such bacteria from entering the air stream.

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MARKET DYNAMICS

DRIVERS

• Compressed air systems are increasingly being used to boost productivity.

• Prioritizing quality, energy efficiency, and technological innovation.

Still needed is clean, dry compressed air to maintain machine dependability and product quality. The increasing focus on energy conservation encourages the use of efficient filtration and drying procedures. Advancements in technology and materials have enhanced the efficiency and performance of filters and dryers.

RESTRAIN

• Periodic maintenance is required.

• Economic Variations and Maintenance Issues

For some firms, the high upfront expenses of modern filtration and drying equipment can prevent their adoption. Economic downturns might result in postponed purchases of new machinery, which affects the market for filters and dryers. For enterprises with large-scale systems, filter element maintenance, and replacement can be time-consuming and expensive.

OPPORTUNITY 

• Class 0 air is increasingly being used in pharmaceutical packaging.

• Increased awareness, personalization, and aftermarket services

There is potential for market expansion and education as industries become more aware of the advantages of clean, dry air. There may be potential in niche markets if specialized solutions are created for particular sectors or applications. Offering service agreements and replacement parts can be a successful company strategy.

CHALLENGES

• For proper operation, a strictly controlled atmosphere is required.

• Market Competition Technological Pace

IMPACT OF RUSSIA-UKRAINE WAR

The Russia-Ukraine conflict prevented any chance of a global economic rebound. Economic sanctions on several nations, a rise in commodity prices, and disruptions in the supply chain as a result of the conflict between these two nations have all had an impact on numerous markets around the world. Sales of equipment used to provide air compressor filters and compressed air dryer services, such as the removal of mists, vapor, and other impurities, make up the air compressor filter and compressed air dryer market. Values in this market are referred to as factory gate values, which are the prices at which goods are sold directly to consumers or other businesses (such as downstream manufacturers, wholesalers, distributors, and retailers).

IMPACT OF ONGOING RECESSION

The domestic pharmaceutical market in India was estimated to be worth US$ 43 billion in 2021 and is expected to increase to US$ 66 billion by 2024 and US$ 120–132 billion by 2030, according to the India Brand Equity Foundation, a trust with headquarters in India that was founded by the Department of Commerce. Additionally, in January 2022, the Indian pharmaceutical market's entire revenue increased by 13.9%. Furthermore, 4.6% of the world's pharmaceuticals were produced in Germany in 2020, according to At Radius Collections, a full-service B2B debt collection company with headquarters. The value-added output of the pharmaceutical sector is anticipated to rise by 4.1% in 2022 and by more than 2% in 2023, following an increase of 5.4% in 2021. As a result, the market for compressed air dryers and air compressor filters is being driven by the expansion of the pharmaceutical industry.

KEY MARKET SEGMENTATION

By Product

• Compressed Air Dryers

• Refrigeration Dryers

• Desiccant/Adsorption Dryers

• Deliquescent Dryers

• Membrane Dryers

• Compressed Air Filters

• Particulate Filters

• Coalescing Filters

• Compressed Intake Filters

• Activated Carbon Filters

By Industry

• Automotive

• Oil & Gas

• Chemicals

• Power Generation

• Food & Beverages

• Metals & Machinery

• Pharmaceuticals

• Electronics

• Others

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REGIONAL COVERAGE

North America

• US

• Canada

• Mexico

Europe

• Eastern Europe

  • Poland

  • Romania

  • Hungary

  • Turkey

  • The rest of Eastern Europe

• Western Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Netherlands

  • Switzerland

  • Austria

  • Rest of Western Europe

Asia Pacific

• China

• India

• Japan

• South Korea

• Vietnam

• Singapore

• Australia

• Rest of Asia Pacific

Middle East & Africa

• Middle East

  • UAE

  • Egypt

  • Saudi Arabia

  • Qatar

  • Rest of the Middle East

• Africa

  • Nigeria

  • South Africa

  • Rest of Africa

Latin America

• Brazil

• Argentina

• Colombia

• Rest of Latin America

REGIONAL ANALYSES

The compressed air filter and dryer market in North America grew at the fastest rate in terms of revenue. Due to the availability of substantial production facilities, the adoption of new technology, and the ease of procuring raw materials, the market for air treatment equipment in the nation is anticipated to expand. Furthermore, it is anticipated that the production and use of compressed dryers and dryer filters will be concentrated in several government-sponsored industrialization schemes. Manufacturers of compression dryers should expect new opportunities as a result of the United States accelerating industrialization and expanding manufacturing facilities.

The global market is anticipated to grow rapidly in the Asia-Pacific region. China is anticipated to lead the compression dryer market because of its rapid infrastructure development. Due to well-coordinated government initiatives, the region's manufacturing activity in the automotive, chemical, electronics, and pharmaceutical sectors is growing rapidly. The National Policy on Electronics (NPE), which was approved by India's Union Cabinet in February 2019, calls for the country's electronics manufacturing sector to increase to roughly USD 400 billion by 2025.

Key Players

The major Key players are Airfilter Engineering, Altec, Atlas Copco, Beko Technologies, Boge Kompressoren, Donaldson Company, Ingersoll Rand, Kaeser Kompressoren, Parker-Hannifin, Pentair, Precision Filtration Products, SPX Flow, Sullair, Sullivan-Palatek, Van Air Systems, and others.

Airfilter Engineering-Company Financial Analysis

RECENT DEVELOPMENT

Atlas Copco: In November 2021, Atlas Copco unveiled the exceptionally dependable and economical Cerades Desiccant Dryer. These dryers are suitable for the food and beverage, semiconductor, and pharmaceutical industries.

Parker-Hannifin: In May 2021, to provide technically oil-free compressed air for the rental business, Parker-Hannifin introduced a desiccant compressed air dryer.