The global Air Compressor Filter and Compressed Air Dryers market is anticipated at USD 5.4 billion in 2022. Demand is likely to remain high for air compressor filters and compressed air dryers during the assessment period. this is due to the rising application of air compressor filters and compressed air dryers across various end-use industries and garnering USD10.4 billion in 2033, recording a CAGR of 6.1% from 2023 to 2033. The market is likely to secure USD 5.8 billion in 2023.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | USD 5.8 billion |
| Projected Market Value in 2033 | USD 10.4 billion |
| Global Growth Rate | 6.1% CAGR |
| Forecast Period | 2023 to 2033 |
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| Historical CAGR (2018 to 2022) | 7.7% |
|---|---|
| Forecast CAGR (2023 to 2033) | 6.1% |
Widespread use of air compressors across various industries, including manufacturing, construction, automotive, pharmaceuticals, food and beverage, and electronics. The demand for high-quality compressed air, along with the need to protect equipment and ensure efficient operations, fuels the growth of this market.
Air compressors are widely used in various industries to generate compressed air, which is utilized for powering pneumatic tools and equipment, as well as for various manufacturing processes. The air compressor filter and compressed air dryers market is projected to show a reach a valuation of USD 10.4 billion by the end of the forecast period of 2033.
Principal Consultant
Increasing Demand for Energy-Efficient Filters in Industries Is Expected to Drive the Air Compressor Filters and Compressed Air Dryers Market
The growing focus on energy-efficient and environmentally friendly solutions in the market. Manufacturers are introducing innovative products that incorporate advanced filtration media, energy-saving technologies, and smart control systems to optimize the performance and efficiency of air compressor filters and compressed air dryers.
The market players are focused on innovation, product development, and technological advancements to enhance performance and efficiency. Increasing automation, energy efficiency requirements, and stringent quality standards contribute to market growth.
The Automotive Industry Accounted for the Largest Share of the Air Compressor Filters and Compressed Air Dryers Market
The automotive industry accounted for the highest share of the market during the forecast period. Air compressor filters and compressed air dryers are used in maintaining the cleanliness of compressed air used in automotive manufacturing and for removing moisture from the compressed air, which is important to prevent corrosion, reduce equipment downtime, and maintain the quality of finished automotive products.
Advancements in technology, automation, and manufacturing processes in the automotive industry and rapid growth of the automotive industry drive market growth. The demand for air compressor filters and compressed air dryers is high due to the increasing demand for reliable and efficient compressed air systems to improve efficiency, productivity, and product quality in automotive manufacturing.
Increasing Application in the Industrial Sector to Boost the Growth of the Air Compressor Filters and Compressed Air Dryers Market in the United States
The global air compressor filters & compressed air dryers mark stringent regulations related to air quality and safety, energy efficiency requirements, and the need for reliable and high-quality compressed air. it is expected to be dominated by North America. The market is anticipated to expand at a CAGR of 6.0% and is expected to accumulate a market value of USD 1.9 billion over the forecast period.
Availability of large production facilities and increasing adoption of advanced machinery and easy availability of raw materials are likely to drive the air compressor filters & compressed air dryers market in the region. The rapid industrialization and expansion of manufacturing in the United States are expected to boost market growth during the forecast period.
Increased Use of Air Dryer Filters to Boost the Growth of the Market in the United Kingdom
The air compressor filters & compressed air dryer sales in the United Kingdom are expected to keep rising with a CAGR of 5.8% and are expected to gain a market value of USD 407.7 billion by the end of the forecast period.
Stringent government regulations related to air quality and safety, energy efficiency requirements, and the need for reliable and high-quality compressed air in the industrial sector are expected to drive market growth in Europe. Growing emphasis on reducing energy consumption and carbon footprint influences the demand for air compressor filters and compressed air dryers in Europe.
Rapid Industrialization to Drive the Growth of the Market in China
China’s air compressor filters & compressed air dryers market is expected to rise at a 6.0% CAGR between 2023 to 2033. The market is expected to gain a market value of USD 2.3 billion by the end of the forecast period. The increasing demand for compressed air systems in industries such as manufacturing, construction, automotive, electronics, and more is expected to drive the demand for air compressor filters and compressed air dryers.
The rapid industrialization and urbanization taking place in the country and increasing adoption of advanced manufacturing technologies, and the need for clean and dry compressed air for various applications are also driving the market growth in China.
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Compressed Air Dryer Segment to Gain Significant Traction During the Forecast Period
Based on the product, the air compressor filters & compressed air dryers market is segmented into compressed air dryers and air compressor filters segments. The compressed air dryers segment is expected to dominate the market in the forecast period. The segment is projected to exhibit a CAGR of 5.9% from 2023 to 2033.
Compressed air dryers are commonly used in various industries due to their efficiency and cost-effectiveness. Compressed air dryers are used to remove moisture, ensuring the air is suitable for various applications, such as pneumatic tools, instrumentation, spray painting, and air-powered machinery.
Automotive Segment Generates High Revenue
Based on end-user, the market is segmented into the automotive, oil & gas, chemical, power generation, food & beverages, pharmaceuticals, electronics, and others segments. Among all these automotive segments remains the end-use category is expected to expand with a CAGR of 5.7% throughout the forecast period.
Compressed air is widely used in automotive manufacturing processes for various applications, including powering pneumatic tools, operating assembly lines, and controlling robotic systems. As a result, there is a significant demand for high-quality compressed air that is free from contaminants and moisture.
New players in the air compressor filters and compressed air dryers market pacific air filtration and sigma air source among others, are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance
Prominent players in the air compressor filters and compressed air dryers market are 3M Company; AAF International (American Air Filter); AEC Group; Anest Iwata Corporation; Absolent AB among others.
The key players in air compressor filters and compressed air dryers are focusing on improved productivity and quality of their products in order to gain more customer base. Key players are working on research & development activities for the effective composition of the material that is to be used for manufacturing.
Other expansion strategies of key players include extensive research & development activities, collaborations, and mergers & acquisitions. Some notable developments are as follows:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.1% from 2023 to2033 |
| Market Value in 2023 | USD 5.8 billion |
| Market Value in 2033 | USD 10.4 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product, End-Use, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | 3M Company; AAF International (American Air Filter); AEC Group; Anest Iwata Corporation; Absolent AB; Airfil Oy; Asian Filtration Technology; ALMiG Kompressoren GmbH; Airsan Air Systems International Inc.; Alpha-Pure Corporation |
| Customization & Pricing | Available upon Request |
In 2023, the market is valued at USD 5.8 billion.
Until 2033, the market is likely to experience a 6.1% CAGR.
Rising demand from the automotive industry drives market growth.
The market is likely to expand at a 5.9% CAGR through 2033.
3M Company, AAF International (American Air Filter), and AEC Group are the leading manufacturers.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Compressed Air Dryers 5.2. Air Compressor Filters 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use 6.1. Automotive 6.2. Oil & Gas 6.3. Chemicals 6.4. Power Generation 6.5. Food & Beverage 6.6. Metals & Machinery 6.7. Pharmaceuticals 6.8. Electronics 6.9. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. 3M Company 15.2. AEC Group 15.3. AAF International 15.4. Anest Iwata Corporation 15.5. Absolent AB 15.6. Airfil Oy 15.7. Asian Filtration Technology 15.8. ALMiG Kompressoren GmbH 15.9. Airsan Air Systems International Inc. 15.10. Alpha-Pure Corporation 16. Assumptions & Acronyms Used 17. Research Methodology
Industrial Automation
May 2023
REP-GB-14425
324 pages
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Air Compressor Filters and Compressed Air Dryers Market
