Air Compressor Filter and Compressed Air Dryer Market: Atlas Copco is a market-leading provider of compressors, vacuum solutions, generators, pumps, power tools, and assembly systems

 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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Air compressor filter and compressed air dryer market in APAC to grow at highest CAGR during forecast period

Rapid urbanization and industrialization are driving the growth of manufacturing industries in countries including China and India, which is expected to create demand for air compressor filters and compressed air dryers in APAC. China accounted for the largest size of the air compressor filter and compressed air dryer market in APAC in 2019. China is considered to be the global electronics manufacturing hub. Air compressor filters and compressed air dryers are used extensively in PCB manufacturing and electronics packaging processes. Hence, the demand for air compressor filters and compressed air dryers is expected to be high in China.

Key Market Players

As of 2019, Atlas Copco (Sweden), Ingersoll-Rand (US), Parker-Hannifin (US), Mann+Hummel (Germany), and Donaldson Company (US) were the major players in the air compressor filter and compressed air dryer market.

Atlas Copco is a market-leading provider of compressors, vacuum solutions, generators, pumps, power tools, and assembly systems. The company’s business mix comprises four segments, namely, compressor technique, vacuum technique, industrial technique, and power technique. Atlas Copco has a strong presence in the industrial sector for compressed air solutions. Through its vast range of air compressor filters and compressed air dryers, as well as its own patented technologies, Atlas Copco has become a significant player in the compressed air solutions segment. With the acquisitions of key market players such as Chicago Pneumatics, Bold & Chichos, and PSI Compressors, Atlas Copco has become the leading air compressor filter and compressed air dryer technology company in the industrial sector. It has a geographic presence over 150+ countries worldwide. The company has patented products in the desiccant dryer segment that are slowly penetrating the compressed air dryer market. With a huge amount of investments in R&D, Atlas Copco is able to maintain its leading position in the air compressor filter and compressed air dryer market. Additionally, in line with its strong financial performance and R&D investments, the company could continue developing innovative products.

Compressed air dryers to account for larger size of air compressor filter and compressed air dryer market by 2025

Compressed air dryers have high demand in various industry verticals for the drying of the compressed air stream, as well as setting proper dew point according to prescribed standards. In the automotive industry, compressed air dryers are used in spray painting, pneumatic components, laser purging, air spindles, air bearings, air guns, and pneumatic brakes.

Refrigeration dryers to hold largest size of compressed air dryer market by 2025

Refrigeration dryers are the most commonly used dryers in the manufacturing industry, having relatively low initial and operating costs. These dryers are extensively used in industries, where the temperature of compressed air needs to be regulated along with achieving the high dryness of the air.

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