The compressed air filtration and dryer system market is predicted to grow at a moderate CAGR of 6% during the forecast period. The compressed air filtration and dryer system market is likely to reach nearly US$ 9.8 Bn by 2032 from US$ 5 Bn in 2021.
The food and beverage industries are in great demand for compressed air solutions, which are used more frequently to increase production. Compressed air dryers shield equipment from hazardous and corrosive environments.
Compressed air dryers have become more widely used recently due to their many uses in a range of industries, including healthcare and medicine. Manufacturers have recently used refrigeration systems to increase their manufacturing capacity in order to keep up with rising demand.
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The automotive, healthcare, and food and beverage sectors all have positive outlooks for the compressed air filtration and dryer system market. Compressed air production is one of the most expensive auxiliary functions in all industries. Compressed air filters and dryers are the most important components of compressed air systems.
The main requirement for air compressor and dryer systems is the need for highly compressed air in various industrial processes. The sale of compressed air filtration and dryer systems is anticipated to increase at a faster rate during the forecast period due to the quick establishment of industrial units in developing countries.
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Key Takeaways
- Demand from China is expected to boost revenue in the Asia Pacific compressed air treatment equipment market, which is expected to increase at a rate of over 6% through 2027.
- Because compressed air is required in a wide range of industrial applications, China’s global leadership in automobile and industrial production is having a significant impact on the whole market.
- The compressed air filtration and dryer system market size in the healthcare industry is expected to exceed USD 1 billion by 2020. The market demand is being fueled by the increasing use of compressed air treatment systems in the medical compressed air sector.
- The prevalence of humidity and other impurities in the process air is expected to drive a 4.5 percent CAGR in-process air from 2021 to 2027, which could have severe implications for plants.
- Due to its widespread use to remove or reduce the amount of water from compressed air, compressed air dryers are expected to account for roughly 35 percent of the compressed air filtration and dryer system market share in 2027.
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Key Segments
By Product Type:
- Compressed Air Dryers
- Refrigeration Dryers
- Desiccant or Adsorption Dryers
- Deliquescent Dryers
- Membrane Dryers
- Compressed Air Filters
- Particulate Filters
- Coalescing Filters
- Compressed Intake Filters
- Activated Carbon filters
By Industry:
- Automotive
- Oil & Gas
- Chemicals
- Food & Beverages
- Electronics
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
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