According To FMI., Market For Compressed Air Filtration And Dryer Systems Is Expected To Reach Almost US$ 9.8 Billion By 2032
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 Billion by 2032 from US$ 5 Billion in 2021.
Compressed air solutions, which are increasingly being used
to improve production, are in high demand in the food and beverage industry.
Compressed air dryers protect equipment from hazardous and corrosive
environments.
Compressed air dryers have grown in popularity in recent
years as a result of their numerous applications in a variety of industries,
including healthcare and medicine. In recent years, producers have increased
their manufacturing capacity using refrigeration systems to meet
expanding demand.
The compressed air filtration and dryer system
market’s progress is aided by the strong forecast of the automotive,
healthcare, and food and beverage sectors. In all sectors, compressed air
production is one of the costliest auxiliary functions. The most important
components of compressed air systems are compressed air filters and
dryers. These systems are extremely sensitive to their surroundings.
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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.
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)
Competitive Landscape
To gain a competitive advantage, market players are
continually engaging in regional expansion through partnerships, joint
ventures, and mergers and acquisitions. Elgi Compressors USA, Inc. opened
a new headquarters in Europe in September 2019, demonstrating
the company’s strong expansion in the region.
Atlas Copco, Gardner Denver, Ingersoll Rand, Kaeser,
Emerson Climate Technologies, Donaldson, Mann+Hummel, and Parker
Hannifin are among the leading compressed air treatment equipment
manufacturers.
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