PUBLISHER: 360iResearch | PRODUCT CODE: 1499425
PUBLISHER: 360iResearch | PRODUCT CODE: 1499425
[187 Pages Report] The Compressed Air Filter & Dryer Market size was estimated at USD 6.06 billion in 2023 and expected to reach USD 6.38 billion in 2024, at a CAGR 5.42% to reach USD 8.77 billion by 2030.
Compressed air filters and dryers are integral components of virtually any industrial pneumatic system, designed to effectively eliminate various impurities, such as particulates, water vapor, oil mist, and other possible contaminants, to ensure the seamless, efficient, and long-term operation of pneumatic tools, machinery, and equipment. The efficiency of a compressed air filter and dryer largely depends on its particulate and moisture removal capabilities, pressure drop attributes, and overall durability. These units are predominantly utilized in various industrial sectors including manufacturing, energy, healthcare, and automotive, among others, which require clean, dry air to perform operations smoothly. An increase in industrialization, coupled with the rising emphasis on product quality and safety standards, has increased the adoption of these devices. The expanding manufacturing sector worldwide has triggered the need for effective filtration and drying units to meet the growing demand for clean, dry air. However, regulations pertaining to energy consumption and emissions pose a substantial hindrance. The complexity and the cost associated with the production, installation, and maintenance of these devices might restrain the market growth. Developments such as smart filters and dryers equipped with IoT technology for real-time monitoring and predictive maintenance are expected to propel the market growth further. The automatization trend in various industries also creates significant potential for market expansion.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 6.06 billion |
Estimated Year [2024] | USD 6.38 billion |
Forecast Year [2030] | USD 8.77 billion |
CAGR (%) | 5.42% |
Regional Insights
In the Americas region, the vast presence of manufacturing and processing industries has propelled market growth in the face of heavy reliance on the use of purified and dried compressed air. Further, technological innovations and increased efficiency of compressed air filters & dryers have contributed to its increasing applications. In the EU region, strong industrial bases in major economies, along with stringent environmental regulations for industries, place significant emphasis on using compressed air filters and dryers. Notable research and patent filings from major players have contributed to the adaptive trends of these technologies in the region. In the MEA region, increasing industrialization in major economies has provided a growth landscape for compressed air filters and dryers. In the Asia-Pacific region, an ascent of the compressed air filter and dryer market is fueled by the combined effect of rapid industrial development, technological progress, heightened air quality awareness, and beneficial governmental policies.
Market Insights
The market dynamics represent an ever-changing landscape of the Compressed Air Filter & Dryer Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Compressed Air Filter & Dryer Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Compressed Air Filter & Dryer Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Compair Guarantees More Process Reliability For Production in Healthcare Companies
Fresenius Kabi, a healthcare company based in Friedberg/Hesse, Germany, sought the expertise of CompAir to provide an oil-free compressed air and adsorption dryer system. The installation involved two ULTIMA U110RS-10W compressors and two UHOC 1700-B adsorption dryers from CompAir, efficiently replacing a costly rental compressor within two days. This successful collaboration ensured the availability of clean and reliable compressed air and resulted in significant cost savings for Fresenius Kabi. [Published On: 2023-05-25]
ELGi Launches AR Premium Series Cycling Refrigerated Dryers
ELGi introduced the AR Premium Series Cycling Refrigerated Dryers for the compressed air filter and dryer sector. These dryers offer exceptional energy savings of up to 30% by utilizing advanced cooling technologies without compromising performance. Moreover, they contribute to environmental sustainability by employing 100% reusable refrigerant gas. Additionally, these dryers require minimal maintenance and are designed with ergonomics in mind. [Published On: 2023-05-18]
ELGi to Launch the New GP35FP Portable Air Compressor at CONEXPO-CON/AGG 2023
ELGi is set to unveil its latest addition to the lineup of portable air compressors at CONEXPO-CON/AGG 2023. The new model, GP35FP, has a built-in filter and dryer system for compressed air. The GP35FP is designed to replace the long-standing GP20 model, which has served customers for over two decades. By enhancing the filtration capabilities and introducing advanced features, ELGi continues prioritizing customer satisfaction and efficiency in its product offerings. [Published On: 2023-03-07]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Compressed Air Filter & Dryer Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Compressed Air Filter & Dryer Market, highlighting leading vendors and their innovative profiles. These include A.T.S. s.r.l., Airfilter Engineering, ALMiG Compressors GmbH, Altec Air, Atlas Copco AB, BAUER COMP Holding GmbH, Beko Technologies, Boge Kompressoren, Donaldson Company, Inc., FST GmbH Filtrations-Separations-Technik, GENERON, Ing. Enea Mattei SpA, Ingersoll Rand Inc., Kaeser Compressors, Inc., Metal Work S.p.A., Omega Air d.o.o., Parker-Hannifin Corporation, Pentair plc, Precision Filtration Products, Prevost SAS, SPX Flow, Inc., Sullair by Hitachi, Ltd., Sullivan-Palatek Inc., Van Air Systems, and Walker Filtration.
Market Segmentation & Coverage