Beyond the Numbers: How the $7.3 Billion Compressed Air Filter and Dryer Market Enhances Industrial Operations

The Compound Annual Growth Rate (CAGR) for the Global Compressed Air Filter and Dryer Market is predicted to be 6.2% over the forecast period, rising from USD 5.4 billion in 2022 to roughly USD 7.3 billion by 2027. The demand for better air quality and increased operational performance is shown by this expected growth, underscoring the growing significance of effective air filtration and drying solutions across sectors. This market is anticipated to grow as a result of factors including growing public awareness of the harmful effects of pollutants in compressed air systems and the expanding industrial sector.

Rising demand for compressed air solutions in the food and beverage industry, as well as a growing uptake of compressed air systems across sectors to boost operational efficiency and productivity, are driving the expansion of the Compressed Air Filter and Dryer Market.

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Compressed Air Filter and Dryer Market

Compressed air dryers held the larger share of the market for the chemicals industry in 2021

Compressed air dryers became the market leader in the chemicals sector market share in 2021. They play a crucial part in guaranteeing safety and operational effectiveness for chemical firms that work with poisonous and combustible gases on a daily basis, which explains their significance. Due to their ability to maintain high-purity products and reduce the risks associated with hazardous gases within chemical production facilities, compressed air dryers—in particular refrigeration dryers—have grown in popularity as a result of the chemicals industry's demand for flawless compressed air quality. Refrigeration dryers also found to be the best option for efficiently controlling such sudden temperature changes, considering the variable temperature swings caused by endothermic or exothermic reactions within these plants.

Automotive industry accounted for the largest share of the Compressed Air Filter and Dryer Market in 2021

The automobile industry took the lead and the greatest market share in 2021 in the market for compressed air filters and dryers. The automobile sector, which generates substantial revenues and is expected to rise due to rising demand, particularly in nations like China, the US, and Germany, is responsible for this domination. In the automotive industry, compressed air filters and dryers play a crucial role in processes like cabin air filtration, air conditioning, spray painting, laser purging, and the manufacture of vital parts like air spindles, air bearings, air guns, and pneumatic brakes. Because of this crucial function, the automotive sector will continue to be a major market driver for compressed air filters and dryers.

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North America accounted for the largest share of the Global Compressed Air Filter and Dryer Market

North America began to take the lead in the global market for compressed air filters and dryers in 2021. Due to its mature and highly developed industries' substantial use of compressed air filters and dryers, North America is the world's greatest consumer of compressed air systems, which explains its significance. These systems are widely used in industries including automotive, oil and gas, and food and beverage, which emphasises their importance in removing pollutants from compressed air streams and providing ideal air dryness in a range of temperature conditions. North America's dominant position in the compressed air filter and dryer market is further cemented by the region's strong demand.

Key Players

Ingersoll Rand (US), Parker-Hannifin (US), and Donaldson Company (US) are some of the key manufacturers of Compressed Air Filters and Dryers in North America.

News Covered:

https://www.prnewswire.com/news-releases/compressed-air-filter-and-dryer-market-worth-7-3-billion-by-2027---exclusive-report-by-marketsandmarkets-301488411.html 

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