Market Research Report
Air Compressor Filter and Compressed Air Dryer Market by Product (Air Dryers (Refrigeration, Desiccant, Deliquescent, Membrane), Air Filters (Particulate, Coalescing, Compressed Intake, Activated Carbon)), Industry, and Region - Global Forecast to 2025
|Published by||MarketsandMarkets||Product code||925792|
|Published||Content info||147 Pages
Delivery time: 1-2 business days
|Air Compressor Filter and Compressed Air Dryer Market by Product (Air Dryers (Refrigeration, Desiccant, Deliquescent, Membrane), Air Filters (Particulate, Coalescing, Compressed Intake, Activated Carbon)), Industry, and Region - Global Forecast to 2025|
|Published: February 12, 2020||Content info: 147 Pages||
"Air compressor filter and compressed air dryer market to exhibit significant growth during 2020-2025"
The air compressor filter and compressed air dryer market was valued at USD 5.4 billion in 2020 and is projected to reach USD 7.5 billion by 2025; it is expected to grow at a CAGR of 7.0% from 2020 to 2025. The tremendous growth of the market can be attributed to the benefits offered by air compressor filters and compressed air dryers such as increasing need to reduce downtime and improve system efficiency, the growing use of compressed air dryers for protecting equipment against hazardous and corrosive environments, and surging demand for air compressor filters as they filter contaminants up to several microns.
Compressed air dryers have high demand in various industry verticals for the drying of the compressed air stream, as well as setting proper dew point according to prescribed standards. The demand for refrigeration dryers is expected to be high during the forecast period. The market for desiccant dryers is expected to grow at the highest CAGR from 2020 to 2025.
The automotive industry is one of the largest revenue-generating industries in the world. The automotive industry is expected to flourish in the coming years owing to rising demand from countries such as China, the US, and Germany. Air compressor filters and compressed air dryers are fundamental to the automotive industry. Filters and dryers are used for cabin air filtration, air conditioning, spray painting, laser purging, and are used in air spindles, air bearings, air guns, and pneumatic brakes in automobiles.
The US is a major contributor to the North American air compressor filter and compressed air dryer market. The presence of a large number of manufacturing facilities of automotive and food & beverages industries is expected to drive the air compressor filter and compressed air dryer market in North America.
The key players in the market include: Atlas Copco (Sweden), Ingersoll-Rand (US), Parker-Hannifin (US), Mann+Hummel (Germany), Donaldson Company (US), SPX Flow (US), BOGE Kompressoren (Germany), Kaeser Kompressoren (Germany), Sullair (US), and Sullivan-Palatek (US).
The global air compressor filter and compressed air dryer market has been segmented into product, industry, and geography. The market, by product, has been segmented into compressed air dryers and air compressor filters. Compressed air dryers are further segmented into refrigeration dryers, desiccant/adsorption dryers, deliquescent dryers, and membrane dryers. Air compressor filters are subsegmented into particulate filters, coalescing filters, compressed intake filters, and activated carbon filters. Industries studied in the report include automotive, oil & gas, chemicals, power generation, food & beverages, metal & machinery, pharmaceuticals, electronics, and others. The air compressor filter and compressed air dryer market is segmented into 4 regions-North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.