The report "Air Compressor Filter and Compressed Air Dryer Market by Product (Air Dryers (Refrigeration, Desiccant, Deliquescent, Membrane), Air Filters (Particulate, Coalescing, Compressed Intake, Activated Carbon)), Industry, and Region- Global Forecast to 2025", is estimated to be valued at USD 5.4 billion in 2020 and is projected to reach USD 7.5 billion by 2025; it is expected to grow at a CAGR of 7.0% during the forecast period. Major factors fueling the growth of the market include increasing need to reduce downtime and improve system efficiency, the growing use of compressed air dryers for protecting equipment against hazardous and corrosive environments, and surging demand for air compressor filters as they filter contaminants up to several microns.
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Compressed Air Filter and Dryer Market and Top Applications
- Automotive – Automobiles use industrial-grade compressed air filters and dryers to remove suspended particulate impurities present in the atmospheric air that could cause irreversible damage to the compressors used in vehicles. Compressed air filters are used in the two distinct parts of a vehicle—the cabin and internal combustion engine. The use of filters allows air compression systems to work efficiently, which, in turn, helps in extending the life of vehicles.
- Oil & Gas – Well testing and drilling, gas compression, pipe and process services, and fabric maintenance are key applications for which compressed air filters and dryers are required in the oil & gas sector. Air and gas compressors are critical to provide the necessary levels of pressure for drilling operations.
- Chemical – Chemical manufacturing plants require very high-quality of compressed air. In the chemicals sector, raw materials free from contaminants are of utmost importance. During chemical production, various types of by-products are formed, which may include corrosive or poisonous substances. It can be hazardous when these chemicals come in contact with moisture or oil present in the compressed air stream. To rid the air of these toxic substances compressed air filters and dryers are used.
- Power Generation – Compressed air is required for a variety of processes in power generation from the cooling of equipment to temperature management. At energy facilities, it is highly essential to regulate the temperature of operating equipment and prevent them from overheating. With the proper application of pressurized air power, temperatures at energy facilities can be regulated at levels that are safe for high-tech machine arsenals that provide energy to local power grids.
North America to be largest market for air compressor filter and compressed air dryer market in 2025
North America held the largest size of the air compressor filter and compressed air dryer market in 2019. The US is a major contributor to the North American air compressor filter and compressed air dryer market. The presence of a large number of manufacturing facilities of automotive and food & beverages industries is expected to drive the air compressor filter and compressed air dryer market in North America.
Major players in the air compressor filter and compressed air dryer market include Atlas Copco (Sweden), Ingersoll-Rand (US), Parker-Hannifin (US), Mann+Hummel (Germany), Donaldson Company (US), SPX Flow (US), BOGE Kompressoren (Germany), Kaeser Kompressoren (Germany), Sullair (US), and Sullivan-Palatek (US).
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