The compressed air filtration and dryer system market is anticipated to expand its roots at an average CAGR of 5.7% between 2023 and 2033. The market is expected to have a market share of USD 9.91 billion by 2033 while it is likely to be valued at USD 5.69 billion in 2023
- The restoration of industries, manufacturing units that tend to save their gear from corrosion, and higher economic activities are flourishing the market growth. Furthermore, the filtration and dryer systems also control the freezing and prevent any machine from getting jammed.
- A long range of pharmaceutical drugs and food processing units uses compressed air filtration and dryer systems. As it removes the moisture from the air and saves it from any type of contamination. The expanding food and beverage, as well as the pharmaceutical sector, are anticipated to flourish the market growth.
- The air filtration and dryer tools also help in increasing the productivity and efficiency of any processing unit as it reduces the water element while limiting the resistance. Alongside this, the inhibiting corrosion properties of compressed for filtration and dryer system.
- The vendor is introducing advanced filtration types such as carbon air filters, gas filters for the chemical industry, particulate air filters coalescing air filters, etc. The companies expand their portfolio to target different verticals and applications.
Elevate Your Strategy with Our Exclusive Report: Request Your Sample Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-14425
Key Points
- The United States market leads the compressed air filtration and dryer system market in terms of market share in North America. The United States region holds a market share of 20.4% in 2023. The growth in this region is attributed to the restoration of industrial space and the integration of smart technologies enhancing the efficiency of different applications.
- Germany’s compressed air filtration and dryer system market is another significant market in the European region. The market holds a value of US$ 4.2% in 2023. The growth is attributed to the expanding large automotive manufacturing spaces and restored food and beverages market.
- The Indian compressed air filtration and dryer system market thrives at a leading CAGR of 6.8% during the forecast period. The market’s growth is attributed to the successful pharmaceutical and food sector.
- Chinese compressed air filtration and dryer system market also thrives at a CAGR of 6.4% between 2023 and 2033. The Chinese market drives the large manufacturing and industrial spaces.
- Based on product type, the compressed air dryer segment holds the leading market share of 62.0% in 2023. Due to its higher consumption of it in the chemicals, pharmaceutical, and oil & gas sectors.
- Based on industry type, the oil & gas segment leads the market with 36.1% of the market share in 2023.
Competitive Landscape
The key vendors work on the absorption of higher moisture at an efficient and faster speed. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.
Top Key Players
- Atlas Copco
- Ingersoll Rand
- Parker-Hannigan
- Pentair
- Donaldson Company
- Boge Kompressoren
- Kaeser Kompressoren
- Sullair
- Spx Flow
- Sullivan-Palatek
Recent Market Developments
- Donaldson Company has introduced replacement filters for the air dryer’s protection.
- Kaeser Kompressoren focuses on the concept of reliability and effective efficiency for different drying levels. The brand has added these systems for refrigeration dryers, and desiccant dryers.
Accelerate Your Business Strategy: Unlock Key Insights with Our Report Checkout!
https://www.futuremarketinsights.com/checkout/14425
Key Segmentations Covered
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
Key Regions Covered:
- North America
- United States
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
- Japan
- Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
- The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- The Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube