Compressed Air Filter and Dryer Market Forecasts to 2028 – Global Analysis By Product (Compressed Air Filters, Compressed Air Dryers), End User (Power Generation, Pharmaceuticals, Oil & Gas, Metals & Machinery), and By Geography

Compressed Air Filter and Dryer Market Forecasts to 2028 – Global Analysis By Product (Compressed Air Filters, Compressed Air Dryers), End User (Power Generation, Pharmaceuticals, Oil & Gas, Metals & Machinery), and By Geography

According to Stratistics MRC, the Global Compressed Air Filter and Dryer Market is accounted for $5.07 billion in 2021 and is expected to reach $7.88 billion by 2028 growing at a CAGR of 6.5% during the forecast period. Compressed air filters and dryers are the fundamental equipment for the automotive installed for cabin air filtration, air conditioning, or even the pneumatic brakes. Automotive industries around the world account for the highest share in the total use of compressed air filters on a global level. Compressed air filters are also a crucial part of the industrial manufacturing units operating under severely contaminated air of chemical particles.

Market Dynamics:

Driver:

Rising adoption of class 0 air in pharmaceutical industry

Traditionally, manual packaging techniques were used, which resulted in loss for many pharmaceutical companies, as the contaminated air damaged the packaged medicines. Class 0 air has been mandated by various governments for the packaging of pharmaceuticals, which has resulted in a growth opportunity for compressed air systems. The use of compressed air filters and dryers can lead to a significant drop in product damage and increase cost efficiency. Compressed air filters can filter out all types of impurities present in a compressed air stream and compressed air dryers help ensure moisture- and oil-free packaging of pharmaceuticals.

Restraint:

Requirement of extremely controlled environment

Compressed air filters and dryers are the most essential components of compressed air systems. These systems are highly sensitive to the surrounding environment. A variation in parameters such as electricity supply, cabin temperature, and air feed can impact the efficiency, output, and operating life of compressed air filters and dryers. In high-pressure working conditions, not maintained the system temperature at the prescribed level can lead to system explosion. Moreover, it is challenging for end users to maintain an extremely controlled environment to have the proper functioning of compressed air filters and dryers.

Opportunity:

Rising adoption of compressed air systems

When air is left unfiltered, the cracks and crevices of pipes and fittings that use compressed air start accumulating oil, water, and dirt thereby contaminate the compressed air stream. The residue of contaminants accumulated in the cracks starts corroding the pipes, which results in severe malfunction or complete shutdown of compressed air equipment. Compressed air filters ensure that no such contaminants enter the air stream, ensuring the proper functioning and long life of equipment. as well as reduced maintenance costs. The less the moisture content, the more is the productivity of the system. Accumulation of water and water vapor in equipment causes corrosion, which can clog up valves, fittings, and instrument control lines, causing system breakdown. Thus, compressed air dryers are vital to blocking any traces of water entering the compressed air stream.

Threat:

Requirement of periodic maintenance

Air compressors and related equipment such as filters and dryers require regular maintenance. Compressed air filters and dryers require periodic maintenance to operate at peak efficiency and minimize unscheduled downtime. Inadequate maintenance can increase energy consumption due to lower filtration efficiency, air leakage, or variation in pressure and result in high operating temperatures, improper moisture control, and excessive contamination. Overlooking maintenance may further cause higher energy, repair, and replacement costs. Per Energy Star Data, maintenance and repairs comprise about 12% of an air compressor system’s lifetime cost. Thus, it is imperative for end users to consider maintenance and repair expenses after buying such equipment.

The automotive segment is expected to be the largest during the forecast period

The automotive segment is estimated to have a lucrative growth. Automotive industry is one of the largest revenue-generating industries globally and is anticipated to flourish in the coming years owing to the rising demand from countries such as China, the US, and Germany. Compressed air filters and dryers are fundamental to the automotive industry and are used for cabin air filtration, air conditioning, spray painting, and laser purging and in air spindles, air bearings, air guns, and pneumatic brakes in automobiles.

The compressed air dryers segment is expected to have the highest CAGR during the forecast period

The compressed air dryers segment is anticipated to witness the fastest CAGR growth during the forecast period. Compressed air dryers such as refrigeration dryers have a high demand in the chemicals industry due to the requirement of high-purity products and the dangerous or hazardous gases present in a chemicals production facility. Chemical companies deal with toxic and combustible gases daily; hence, high-quality compressed air is quite crucial for the safety and efficiency of equipment. Chemical facilities often experience sudden changes in temperature due to endothermic or exothermic reactions occurring inside the plant.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period. In the region, the major end-use industries of compressed air include food & beverages, healthcare, aerospace, electronics, and chemical. It also has broad usage in procedures, such as decontamination, nitrogen generation, drying, and aeration. Hence, increasing the application of precision machinery, rising competition among manufacturers to develop the existing production facilities is likely to accelerate the industry expansion. In addition, the pervasive chronic diseases, including diabetes, cardiovascular diseases, asthma, cancer, and respiratory diseases have been fueling the evolution of the healthcare sector in countries like China and India majorly due to their huge population.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period owing to the presence of many manufacturing facilities of automotive and food & beverages industries in North America. The US is the major contributor to the North American compressed air filter and dryer market. The oil & gas industry is also among the key contributors to the growth of market in this region. With stringent regulations regarding the cleanliness standards of environmental air, the demand for compressed air filters and dryers has increased significantly in the US. It is one of the largest automotive markets and its automotive industry is also one of the growing industries in the world. Also, electric vehicles require a greater number of compressed air filters than conventional vehicles, hence boosting the growth of the compressed air filter and dryer market in the country.

Key players in the market

Some of the key players profiled in the Compressed Air Filter and Dryer Market include Altec, Atlas Copco, Bauer Comp Holding, Boge Kompressoren, Donaldson Company, Generon, Ingersoll Rand, Kaeser Kompressoren, Parker-Hannifin, Pentair, Spx Flow, Sullair, and Sullivan-Palatek.

Key Developments:

In May 2021, Parker-Hannifin launched a desiccant compressed air dryer designed to deliver ‘technically’ oil-free compressed air for the rental industry.

In March 2021, Donaldson Company launched a smart dryer, a solution that removes condensates and dries compressed airstreams in manufacturing facilities using three stages of separation: filtering, drying, and purifying.

Products Covered:
• Compressed Air Filters
• Compressed Air Dryers

End Users Covered:
• Power Generation
• Pharmaceuticals
• Oil & Gas
• Metals & Machinery
• Food & Beverages
• Electronics
• Chemicals
• Automotive

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances