Compressed Air Filter and Dryer Market Trends and Future Projections
The Compressed Air Filter and Dryer Market is expected to increase significantly, with a compound annual growth rate (CAGR) of 5.8% from 2023 to 2028, and a projected value of USD 7.4 billion.
The growing need across a range of industries for premium compressed air is fueling this market rise. Product categories that are driving this increase include a range of air filters, such as particle, coalescing, compressed intake, and activated carbon filters, as well as various air drier technologies, such as membrane, desiccant, refrigeration, and deliquescent. Compressed air filter and dryer market growth is primarily being driven by the requirement for effective air compression systems and the increase in industrial activity across all sectors.
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The growing use of compressed air systems in various industrial processes to increase productivity is one of the key important drivers propelling the Compressed Air Filter and Dryer Market's rise. The food and beverage industry's increasing need for compressed air solutions is also driving market expansion. Adoption of Industry 4.0 techniques, which are in line with the larger trend of industrial automation and connectivity, is a major driving force behind this market upswing. The introduction of compressed filters that use less energy is driving the market dynamics further, as industries place a greater emphasis on sustainability. Furthermore, the efficiency and functionality of compressed air filter and dryer systems are being improved by the integration of smart control systems and Internet of Things (IoT) technologies, which is driving the market's overall expansion.
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Compressed air filter segment to grow with higher CAGR during the forecast period.
The market for compressed air filters and dryers is segmented in a sophisticated way, with compressed air dryers and compressed air filters being the two main product categories. Particulate filters, coalescing filters, compressed intake filters, and activated carbon filters are some of the sub-segments that make up the compressed air filter segment. Depending on the required level of air purity, these filters can be chosen to meet a variety of industrial needs. When it comes to removing impurities from the air supply, such as lubricants, condensates, and particles, compressed air filters are essential. In the near future, it is projected that the increased use of compressed air filters will be driven by the growing demand for contaminant-free air, particularly in industries like food and beverage, medicines, and electronics.
Automotive industry to hold largest market share during the forecast period.
Over the course of the projected period, the automotive industry emerges as a dominant force, holding the biggest market share. The automobile industry, one of the world's top revenue-generating industries, depends heavily on compressed air dryers and filters to maintain the quality and effectiveness of a variety of manufacturing processes. The global upsurge in industry and urbanisation has led to a greater demand for automobiles. The demand for cars is rising quickly, especially in Asia Pacific and Europe. This is leading to an increase in the automotive industry's need for dryers and compressed air filters.
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North America accounted for the largest market share of compressed air filter and dryer market in 2023.
North America, which includes the US, Canada, and Mexico, is a key market for compressed air filters and dryers. The market is significantly influenced by the United States, which assumes a central role in it. North America, acknowledged as the world's largest user of compressed air systems, enjoys the advantages of advanced and sophisticated industries that make substantial use of compressed air dryers and filters. The presence of several production facilities, especially in the automotive and food & beverage sectors, is driving the expected growth in the North American market, highlighting the region's relevance in driving the demand for dryer and compressed air filtration solutions.
The report profiles key players such Atlas Copco (Sweden), Ingersoll Rand (US), PARKER HANNIFIN CORP (US), Pentair (UK), and Donaldson Company, Inc. (US) and others.
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