Compressed Air Filter and Dryer Market

Compressed Air Filter and Dryer Market Size, Share, Statistics and Industry Growth Analysis Report by Product Type (Air Dryer (Refrigeration, Desiccant, Deliquescent, Membrane), Air Filter (Particulate, Coalescing, Compressed Intake, Activated Carbon)), Industry, Region Global Forecast to 2028

Report Code: SE 7536 Oct, 2023, by marketsandmarkets.com

[243 Pages Report] The global Compressed Air Filter and Dryer Market Size is estimated to be valued USD 5.6 Billion in 2023 and is anticipated to reach USD 7.4 Billion by 2028, at a CAGR of 5.8% during the forecast period. The growth is ascribed to emerging trends in compressed air filter and dryer industry.

Compressed Air Filter and Dryer Market

Compressed Air Filter and Dryer Market

Compressed Air Filter and Dryer Market Forecast to 2028

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Compressed Air Filter and Dryer Trends

Driver: Surging demand for compressed air solutions in oil & gas exploration and production

The oil & gas industry heavily relies on compressed air for essential operations, including drilling, extraction, transportation, and refining. Compressed air acts as a power source for drilling equipment, aids in fluid lifting in wells, controls downhole pressure, and operates valves in pipeline systems. It is also crucial for maintaining safety in combustion processes and supporting pneumatic control systems in refining and petrochemical operations.

Compressed air solutions are vital for ensuring the reliability and safety of compressed air systems used within the oil & gas industry. The expansion of the industry into new regions and exploration of unconventional resources are fueling the need for air treatment equipment. Furthermore, the commitment of industry players to reducing emissions and environmental impact underscores the significance of efficient and clean compressed air systems, fostering the adoption of advanced filtration and drying technologies tailored to address specific challenges.

The high reliance of the oil & gas exploration and production sector's heavy reliance on compressed air for critical functions, coupled with its dedication to safety, adherence to environmental standards, and pursuit of operational efficiency, plays a substantial role in driving the growth of the compressed air filter and dryer market.

Restraint: Requirement for periodic maintenance

Compressed air filters and dryers require periodic maintenance to operate efficiently and minimize unscheduled downtime. This upkeep involves regular tasks such as filter element replacements, thorough checks and cleanings of components, as well as comprehensive system inspections. Neglecting these maintenance routines can lead to increased energy consumption due to decreased filtration efficiency, air leaks, and pressure inconsistencies, ultimately causing elevated operating temperatures, inadequate moisture control, and excessive contamination.

Failure to prioritize maintenance can result in escalated energy usage, heightened repair costs, and the need for premature equipment replacements. According to Energy Star Data, approximately 12% of the overall lifetime cost of an air compressor system is allocated to maintenance and repair expenses. Considering maintenance implications, some companies may opt for air treatment equipment that requires less frequent maintenance, even if it means a slight compromise in performance.

Opportunity: Increasing adoption of advance technologies and growing industrialization in developing nations

Industry 4.0 serves as a digital nexus connecting machines, systems, and personnel within production facilities. Industries are progressively integrating advanced technologies and robotics to optimize their manufacturing processes. Developing economies such as India, Saudi Arabia, the UAE, Brazil, South Africa, and Thailand are experiencing notable industrial growth, positioning themselves as emerging global manufacturing hubs. These nations offer favorable business environments that enable companies to curtail operational costs, thereby creating lucrative opportunities for participants in the compressed air filter and dryer market to identify potential clients and expand their production capacities.

The demand for reliable and efficient compressed air systems is rising with the expansion of different industries. Compressed air systems are integral to various industrial processes, from manufacturing to aerospace, and play a crucial role in maintaining production efficiency and ensuring compliance with air quality regulations. As industrialization continues to surge, the necessity for advanced air treatment solutions persists, aimed at augmenting operational efficiency, ensuring regulatory compliance, and catering to the evolving demands of different sectors.

Challenge: Lack of knowledge for proper utilization and maintenance of compressed air filters and dryers

Compressed air filters and dryers play a crucial role in meeting the demand for clean, moisture-free compressed air across various industries. However, it is essential to possess a certain level of understanding to effectively utilize them in specific end-use sectors. Most customers are unaware of the right type of compressed air filter or dryer for their needs and end up choosing systems that are not adequately sized or equipped to handle the specific contaminants or moisture levels present in their compressed air supply. Inappropriate selection can result in inefficiencies, compromised air quality, and increased operational costs. This, in turn, can potentially shorten the lifespan of air compressors and hinder the attainment of the necessary levels of compressed air purity necessary for diverse applications.

Inadequate knowledge about proper installation procedures may result in errors that impact the overall performance of the system. Incorrectly installed filters and dryers might not function optimally, allowing contaminants or moisture to pass through, thereby posing risks to downstream equipment or products.  Furthermore, users unaware of the necessary maintenance practices might neglect routine checks, filter replacements, or dryer servicing. Over time, this can lead to reduced system efficiency, increased energy consumption, and even system breakdowns. Education and training initiatives are crucial to mitigate this challenge, with manufacturers and industry associations playing a key role in raising awareness and providing guidance to ensure these systems operate effectively and efficiently.

Compressed Air Filters and Dryers Market Ecosystem

Compressed Air Filter and Dryer Market by Ecosystem

Compressed Air Filter and Dryer Market: Key Trends

Atlas Copco, Ingersoll Rand, PARKER HANNIFIN CORP, Pentair, and Donaldson Company, Inc. are the top players in the compressed air filter and dryer market. These compressed air filter and dryer companies with advance technology trends with a comprehensive product portfolio and solid geographic footprint.

Compressed air dryers segment accounted for the largest share of compressed air filter and dryer market in 2022

The compressed air filter and dryer market share has been segmented into product type compressed air dryers and compressed air filters. Compressed air dryer is further sub-segmented into four types of dryers rfrigeration dryers, desiccant/adsorption dryers, deliquescent dryers, and membrane dryers. Compressed air dryer segment accounted for the largest share throught the forecast period.

Compressed air dryers extract moisture moisture from compressed air, protect equipment from corrosion and harm, and maintain product quality in industries such as food, pharmaceuticals, and electronics. They enhance process efficiency by enabling seamless operation in activities like painting and packaging and contribute to energy efficiency by facilitating the smoother compression of air.

Food & beverages industry to grow at a highest CAGR during the forecast period.

The food & beverages industry requires reliable compressed air systems predominantly for two applications: storage and transport. The compressed air in these systems should be free from all types of contaminants. The presence of moisture in compressed air is one of the major concerns associated with the compressed air systems used in the food industry. Compressed air is also used in food packaging and food processing industries in machines that fill products such as cakes, pies, and liquid products, as well as during the packaging and transportation of snacks, vegetables, soda, and other items. This creates the need for compressed air that is free of moisture and other contaminants to ensure the protection of the food products. Compressed air filters and dryers are used in the food & beverages industry to lower the dew point of air to -15° F and provide high-quality compressed air, which is expected to increase their demand.

Asia Pacific region to grow at a highest CAGR during the forecast period.

This market in Asia Pacific is further divided into China, Japan, India, and Rest of Asia Pacific. The Asia Pacific, led by China, Japan, and India , is considered the largest market for compressed air filters and dryers. Rapid urbanization and industrialization are driving the growth of manufacturing industries in countries such as China and India, which is expected to create demand for compressed air filters and dryers in the region. Automotive, chemicals, and power generation industries are the key contributors to the compressed air filter and dryer market growth in this region.

Compressed Air Filter and Dryer Market
 by Region

Compressed Air Filter and Dryer Market Statistics by Region

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Key Market Players

The major companies in the compressed air filter and dryer companies are Atlas Copco, Ingersoll Rand, PARKER HANNIFIN CORP, Pentair, Donaldson Company, Inc., BOGE, Hitachi Global Air Power US, LLC., SPX FLOW and others. These companies have used both organic and inorganic growth strategies, such as product launches, acquisitions, and partnerships to strengthen their position in the compressed air filter and dryer market.

Compressed Air Filter and Dryer Market Report Scope 

Report Metric

Details

Estimated Market Size in 2023

USD 5.6 Billion

Projected Market Size in 2028

USD 7.4 Billion

Growth Rate

CAGR of 5.8%

Market size available for years

2019—2028

Base year

2022

Forecast period

2023—2028

Forecast Units

USD Millions/USD Billions and Million Units

Segments Covered

Product Type, Industry, and Region

Geographic regions covered

North America, Asia Pacific, Europe, and Rest of the World

Companies covered

Atlas Copco (Sweden), Ingersoll Rand (US), PARKER HANNIFIN CORP (US), Pentair (UK), and Donaldson Company, Inc. (US).

A total of 25 players are covered.

Compressed Air Filter and Dryer Market Highlights

In this report, the overall compressed air filter and dryer market has been segmented based on Product Type, Industry, and Region.

Segment

Subsegment

By Product Type

  • Compressed Air Dryers
    • Refrigeration dryers
    • Desiccant/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
  • Power Generation
  • Food & Beverages
  • Metals & Machinery
  • Pharmaceuticals
  • Electronics
  •  Others

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • South America
    • Middle East
    • Africa

Recent Developments

  • In May 2023, Atlas Copco has acquired Maziak Compressor Services Ltd. (UK) distributor of air compressors, nitrogen generators and process cooling equipment as well as related services and support. This Acquisition will become part of the Service division within Atlas Copco’s Compressor Technique Business Area.
  • In January 2023, Donaldson Company, Inc. introduced Managed Filtration Services, an industry-leading consultative, comprehensive and connected solution for industrial filtration customers. With Donaldson iCue Managed Filtration Services, company monitor the equipment with smart technology, help ensure it is performing optimally, and provide busy customers with the services and maintenance they need.
  • In January 2023, Donaldson Company, Inc. introduced Torit® Downflo® Ambient (DFA) weld fume extractor that gives fabricators the ability to weld in a variety of different workstation configurations. This new collector provides a complementary solution to a challenging problem: effective weld fume extraction without duct work or hoods.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 32)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 COMPRESSED AIR FILTER AND DRYER MARKET: SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
           1.6.1 RECESSION IMPACT ANALYSIS
 
2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA 
           FIGURE 2 COMPRESSED AIR FILTER AND DRYER MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 List of major secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Key data from primary sources
                    2.1.3.3 Key industry insights
                    2.1.3.4 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to derive market size using bottom-up analysis (demand side)
                               FIGURE 3 COMPRESSED AIR FILTER AND DRYER MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to derive market size using top-down analysis (supply side)
                               FIGURE 4 COMPRESSED AIR FILTER AND DRYER MARKET: TOP-DOWN APPROACH
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 6 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
    2.5 RISK ASSESSMENT 
    2.6 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON COMPRESSED AIR FILTER AND DRYER MARKET 
    2.7 RESEARCH LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 48)
    FIGURE 7 COMPRESSED AIR FILTER AND DRYER MARKET, 2019–2028 (USD MILLION)
    FIGURE 8 COMPRESSED AIR DRYERS SEGMENT TO CAPTURE LARGER SHARE OF COMPRESSED AIR FILTER AND DRYER MARKET IN 2028
    FIGURE 9 FOOD & BEVERAGES SEGMENT TO REGISTER HIGHEST CAGR IN COMPRESSED AIR FILTER AND DRYER MARKET DURING FORECAST PERIOD
    FIGURE 10 MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN COMPRESSED AIR FILTER AND DRYER MARKET 
           FIGURE 11 INCREASING DEMAND FROM FOOD & BEVERAGES INDUSTRY TO DRIVE MARKET
    4.2 COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE 
           FIGURE 12 COMPRESSED AIR DRYERS SEGMENT TO ACCOUNT FOR LARGER SHARE OF COMPRESSED AIR FILTER AND DRYER MARKET DURING FORECAST PERIOD
    4.3 COMPRESSED AIR FILTERS MARKET, BY FILTER TYPE 
           FIGURE 13 PARTICULATE FILTERS TO HOLD LARGEST SHARE OF COMPRESSED AIR FILTERS MARKET IN 2023
    4.4 COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY 
           FIGURE 14 AUTOMOTIVE SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE FROM 2023 TO 2028
    4.5 COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION 
           FIGURE 15 COMPRESSED AIR FILTER AND DRYER MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 16 COMPRESSED AIR FILTER AND DRYER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Growing use of compressed air systems in various industrial processes to increase productivity
                               TABLE 1 INDUSTRIAL APPLICATIONS OF COMPRESSED AIR SYSTEMS
                    5.2.1.2 Rising demand for compressed air systems in food & beverages industry
                               FIGURE 17 CAPITAL EXPENDITURE BY TOP 100 COMPANIES IN FOOD & BEVERAGES INDUSTRY, 2019–2022 (USD BILLION)
                    5.2.1.3 Suitability of compressed air filters and dryers in hazardous industrial environments
                    5.2.1.4 Increasing demand for compressed air systems in oil and gas exploration and production
                    5.2.1.5 Increasing demand for compressed air filters in various industries to filter contaminants up to several microns
                               FIGURE 18 COMPRESSED AIR FILTER AND DRYER MARKET: IMPACT ANALYSIS OF DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 Requirement for periodic maintenance
                    5.2.2.2 Safety concerns associated with use of compressed air systems with high operating pressure
                               FIGURE 19 COMPRESSED AIR FILTER AND DRYER MARKET: IMPACT ANALYSIS OF RESTRAINTS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising use of class 0 air in pharmaceutical packaging processes
                    5.2.3.2 Growing adoption of advanced technologies and increasing industrialization in developing nations
                    5.2.3.3 Adoption of Internet of Things (IoT)-enabled compressed air systems in industrial facilities
                               FIGURE 20 COMPRESSED AIR FILTER AND DRYER MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 Performance limitations of air treatment systems in varying environmental conditions
                    5.2.4.2 Lack of knowledge for proper utilization and maintenance of compressed air filters and dryers
                    5.2.4.3 Reluctance of small and medium-sized enterprises (SMEs) to shift from traditional air filtration systems to advanced compressed air filters
                               FIGURE 21 COMPRESSED AIR FILTER AND DRYER MARKET: IMPACT ANALYSIS OF CHALLENGES
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 22 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
    5.4 PRICING ANALYSIS 
           TABLE 2 AVERAGE SELLING PRICE (ASP) OF COMPRESSED AIR FILTERS AND DRYERS
           FIGURE 23 AVERAGE SELLING PRICE OF COMPRESSED AIR FILTERS, 2019–2028 (USD)
           FIGURE 24 AVERAGE SELLING PRICE OF COMPRESSED AIR DRYERS, 2019–2028 (USD)
           5.4.1 AVERAGE SELLING PRICE OF REFRIGERATION-COMPRESSED AIR DRYERS, BY MAXIMUM INLET TEMPERATURE
                    FIGURE 25 AVERAGE SELLING PRICE OF REFRIGERATION-COMPRESSED AIR DRYERS OFFERED BY TOP THREE COMPANIES, BY MAXIMUM INLET TEMPERATURE
                    TABLE 3 AVERAGE SELLING PRICE OF REFRIGERATION-COMPRESSED AIR DRYERS OFFERED BY TOP THREE COMPANIES, BY MAXIMUM INLET TEMPERATURE (USD)
           5.4.2 AVERAGE SELLING PRICE TREND, BY REGION
                    TABLE 4 AVERAGE SELLING PRICE OF COMPRESSED AIR DRYERS AND FILTERS, BY REGION, 2022 (USD)
    5.5 SUPPLY CHAIN ANALYSIS 
           FIGURE 26 COMPRESSED AIR FILTER AND DRYER MARKET: SUPPLY CHAIN ANALYSIS
    5.6 ECOSYSTEM 
           FIGURE 27 COMPRESSED AIR FILTER AND DRYER MARKET: ECOSYSTEM MAPPING
           TABLE 5 COMPANIES AND THEIR ROLE IN COMPRESSED AIR FILTER AND DRYER ECOSYSTEM
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 INTERNET OF THINGS (IOT)
           5.7.2 INDUSTRY 4.0
           5.7.3 DIGITAL TWIN
    5.8 PATENT ANALYSIS 
           FIGURE 28 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 6 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS
           FIGURE 29 NUMBER OF PATENTS GRANTED PER YEAR, 2013–2022
           TABLE 7 PATENTS RELATED TO COMPRESSED AIR FILTERS AND DRYERS
    5.9 TRADE ANALYSIS 
           5.9.1 IMPORT SCENARIO
                    FIGURE 30 IMPORT DATA FOR HS CODE 841430-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2018−2022 (USD MILLION)
           5.9.2 EXPORT SCENARIO
                    FIGURE 31 EXPORT DATA FOR HS CODE 841430-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2018−2022 (USD MILLION)
    5.10 KEY CONFERENCES AND EVENTS, 2023–2025 
           TABLE 8 COMPRESSED AIR FILTER AND DRYER MARKET: KEY CONFERENCES AND EVENTS
    5.11 CASE STUDY ANALYSIS 
           TABLE 9 GREENTECH BEVERAGE CO. PARTNERED WITH ATLAS COPCO TO IMPROVE AIR QUALITY IN BEVERAGE PRODUCTION PROCESS
           TABLE 10 FRESHFOODS INC. CHOSE CLEANAIR SYSTEMS’ PUREAIRPRO TO RESOLVE QUALITY CONTROL ISSUES AND MEET STRICT FOOD SAFETY STANDARDS
           TABLE 11 DUISBURG-BASED STEEL PLANT REPLACED THREE REFRIGERATION DRYERS TO ENSURE OPTIMUM EFFICIENCY AND SMOOTH AND SECURE FUNCTIONING
           TABLE 12 LOCAL DAIRY IN OLDENBURG, GERMANY, ENSURES COMPLIANCE WITH STRINGENT STANDARDS WITH KAESER COMPRESSORS’ REFRIGERATED DRYERS
    5.12 STANDARDS AND REGULATORY LANDSCAPE 
           5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 16 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.12.2 STANDARDS
           5.12.3 SAFETY STANDARDS ASSOCIATED WITH COMPRESSED AIR FILTERS AND DRYERS
                    TABLE 17 SAFETY STANDARDS RELATED TO COMPRESSED AIR FILTERS AND DRYERS
    5.13 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 32 COMPRESSED AIR FILTER AND DRYER MARKET: PORTER’S FIVE FORCES ANALYSIS
           TABLE 18 COMPRESSED AIR FILTER AND DRYER MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.13.1 INTENSITY OF COMPETITIVE RIVALRY
           5.13.2 BARGAINING POWER OF SUPPLIERS
           5.13.3 BARGAINING POWER OF BUYERS
           5.13.4 THREAT OF SUBSTITUTES
           5.13.5 THREAT OF NEW ENTRANTS
    5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES
                    TABLE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES (%)
           5.14.2 BUYING CRITERIA
                    FIGURE 34 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES
                    TABLE 20 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES
 
6 COMPONENTS OF COMPRESSED AIR FILTERS AND RECENT TRENDS (Page No. - 85)
    6.1 INTRODUCTION 
    6.2 COMPONENTS OF COMPRESSED AIR FILTERS 
           6.2.1 HOUSING ELEMENTS
           6.2.2 FILTER ELEMENTS
    6.3 CLASSIFICATION OF COMPRESSED AIR DRYERS BASED ON CAPACITY 
           6.3.1 <2,000 M3/HR
           6.3.2 2,000–5,000 M3/HR
           6.3.3 >5,000 M3/HR
    6.4 RECENT TRENDS IN COMPRESSED AIR INDUSTRY 
           6.4.1 CONTINUOUS SYSTEM MONITORING
           6.4.2 EQUIPMENT DESIGN INNOVATION
           6.4.3 DEMAND-SIDE REDUCTION
           6.4.4 COMPRESSOR CONTROL
           6.4.5 AIR AUDITING
 
7 KEY TRENDS AND ADVANCEMENTS IN COMPRESSED AIR FILTER AND DRYER MARKET (Page No. - 89)
    7.1 INTRODUCTION 
    7.2 TRENDS AND ADVANCEMENTS IN COMPRESSED AIR FILTERS 
           7.2.1 LAUNCH OF ENERGY-EFFICIENT COMPRESSED AIR FILTERS
           7.2.2 INTEGRATION OF NANOFIBER TECHNOLOGY
           7.2.3 ADOPTION OF INDUSTRY 4.0
           7.2.4 FOCUS ON SMART FILTER MANAGEMENT
           7.2.5 PREFERENCE FOR REMOTE MONITORING AND TELEMETRY
           7.2.6 INTEGRATION INTO AIR COMPRESSORS
           7.2.7 DEVELOPMENT OF ADVANCED FILTRATION TECHNOLOGIES
    7.3 TRENDS AND ADVANCEMENTS IN COMPRESSED AIR DRYERS 
           7.3.1 INTEGRATION INTO VARIABLE SPEED DRIVE COMPRESSORS
           7.3.2 INNOVATION OF ENERGY-EFFICIENT AND MODULAR DESIGNS
           7.3.3 ADOPTION OF SMART CONTROL AND IOT TECHNOLOGIES
           7.3.4 FOCUS ON ENVIRONMENTAL SUSTAINABILITY
           7.3.5 LAUNCH OF HYBRID DRYER SYSTEMS
           7.3.6 PREFERENCE FOR REMOTE SERVICES AND MAINTENANCE
           7.3.7 NEED FOR COMPRESSED AIR QUALITY MONITORING
 
8 APPLICATIONS OF COMPRESSED AIR FILTERS AND DRYERS (Page No. - 93)
    8.1 INTRODUCTION 
           FIGURE 35 APPLICATIONS OF COMPRESSED AIR FILTERS AND DRYERS
    8.2 CONDENSED WATER REMOVAL 
           FIGURE 36 CONDENSED WATER REMOVAL MECHANISM
    8.3 OIL REMOVAL 
           FIGURE 37 OIL REMOVAL MECHANISM
    8.4 MIST REMOVAL 
           FIGURE 38 MIST REMOVAL MECHANISM
    8.5 PARTICULATE REMOVAL 
           FIGURE 39 PARTICULATE REMOVAL MECHANISM
 
9 COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE (Page No. - 98)
    9.1 INTRODUCTION 
           FIGURE 40 COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE
           FIGURE 41 COMPRESSED AIR DRYERS SEGMENT TO ACCOUNT FOR LARGER SIZE OF COMPRESSED AIR FILTER AND DRYER MARKET IN 2023
           TABLE 21 COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
           TABLE 22 COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
    9.2 COMPRESSED AIR DRYERS 
           FIGURE 42 REFRIGERATION DRYERS SEGMENT TO ACCOUNT FOR LARGEST SIZE OF COMPRESSED AIR DRYERS MARKET DURING FORECAST PERIOD
           TABLE 23 COMPRESSED AIR DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 24 COMPRESSED AIR DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 25 COMPRESSED AIR DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 26 COMPRESSED AIR DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION)
           9.2.1 REFRIGERATION DRYERS
                    9.2.1.1 Extensive utilization of refrigeration dryers in manufacturing industry to drive market
                               TABLE 27 OVERVIEW OF REFRIGERATION DRYERS
                               TABLE 28 REFRIGERATION DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
                               TABLE 29 REFRIGERATION DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
           9.2.2 DESICCANT/ADSORPTION DRYERS
                    9.2.2.1 Ability to prevent corrosion and damage from water vapor in industrial applications to drive demand for desiccant dryers
                               TABLE 30 OVERVIEW OF DESICCANT/ADSORPTION DRYERS
                               TABLE 31 DESICCANT/ADSORPTION DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
                               TABLE 32 DESICCANT/ADSORPTION DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
           9.2.3 DELIQUESCENT DRYERS
                    9.2.3.1 Suitability in remote, hazardous, or mobile work sites to induce demand for deliquescent dryers
                               TABLE 33 OVERVIEW OF DELIQUESCENT DRYERS
                               TABLE 34 DELIQUESCENT DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
                               TABLE 35 DELIQUESCENT DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
           9.2.4 MEMBRANE DRYERS
                    9.2.4.1 Efficiency in removing contaminants from integrated air compression systems to boost adoption of membrane dryers
                               TABLE 36 OVERVIEW OF MEMBRANE DRYERS
                               TABLE 37 MEMBRANE DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
                               TABLE 38 MEMBRANE DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
    9.3 COMPRESSED AIR FILTERS 
           FIGURE 43 PARTICULATE FILTERS SEGMENT TO ACCOUNT FOR LARGEST SIZE OF COMPRESSED AIR FILTERS MARKET IN 2023
           TABLE 39 COMPRESSED AIR FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 40 COMPRESSED AIR FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 41 COMPRESSED AIR FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 42 COMPRESSED AIR FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION)
           9.3.1 PARTICULATE FILTERS
                    9.3.1.1 Increasing adoption of automation and pneumatic control systems in industries to fuel demand for particulate filters
                               TABLE 43 OVERVIEW OF PARTICULATE FILTERS
                               TABLE 44 PARTICULATE FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
                               TABLE 45 PARTICULATE FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
           9.3.2 COALESCING FILTERS
                    9.3.2.1 Increasing reliance of various industries on pneumatic systems to accelerate adoption of coalescing filters
                               TABLE 46 OVERVIEW OF COALESCING FILTERS
                               TABLE 47 COALESCING FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
                               TABLE 48 COALESCING FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
           9.3.3 COMPRESSED INTAKE FILTERS
                    9.3.3.1 Need to reduce harmful industrial emissions to boost uptake of compressed intake filters
                               TABLE 49 OVERVIEW OF COMPRESSED INTAKE FILTERS
                               TABLE 50 COMPRESSED INTAKE FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
                               TABLE 51 COMPRESSED INTAKE FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
           9.3.4 ACTIVATED CARBON FILTERS
                    9.3.4.1 Superior efficiency in removing suspended impurities to drive market for activated carbon filters
                               TABLE 52 OVERVIEW OF ACTIVATED CARBON FILTERS
                               TABLE 53 ACTIVATED CARBON FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
                               TABLE 54 ACTIVATED CARBON FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
 
10 COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY (Page No. - 118)
     10.1 INTRODUCTION 
           FIGURE 44 COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY
           FIGURE 45 AUTOMOTIVE SEGMENT TO COMMAND LARGEST SHARE OF COMPRESSED AIR FILTER AND DRYER MARKET IN 2023
           TABLE 55 COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
           TABLE 56 COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
     10.2 AUTOMOTIVE 
             10.2.1 NEED TO MAINTAIN INTEGRITY OF AUTOMOBILE MANUFACTURING PROCESSES TO BOOST ADOPTION OF AIR FILTERS AND DRYERS
                        TABLE 57 AUTOMOTIVE: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
                        TABLE 58 AUTOMOTIVE: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                        TABLE 59 AUTOMOTIVE: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 60 AUTOMOTIVE: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.3 OIL & GAS 
             10.3.1 ADVANCES IN DRILLING TECHNIQUES AND OIL REFINEMENT PROCESSES TO NECESSITATE USE OF AIR FILTERS AND DRYERS
                        TABLE 61 OIL & GAS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
                        TABLE 62 OIL & GAS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                        TABLE 63 OIL & GAS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 64 OIL & GAS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.4 CHEMICALS 
             10.4.1 NEED TO MAINTAIN PURITY AND DRYNESS OF COMPRESSED AIR IN CHEMICAL PRODUCTION TO DRIVE MARKET
                        TABLE 65 CHEMICALS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
                        TABLE 66 CHEMICALS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                        TABLE 67 CHEMICALS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 68 CHEMICALS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.5 POWER GENERATION 
             10.5.1 NEED TO MAINTAIN EFFICIENCY AND SAFETY OF POWER PLANT EQUIPMENT TO PROPEL ADOPTION OF AIR FILTERS AND DRYERS
                        TABLE 69 POWER GENERATION: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
                        TABLE 70 POWER GENERATION: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                        TABLE 71 POWER GENERATION: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 72 POWER GENERATION: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.6 FOOD & BEVERAGES 
             10.6.1 GROWING ADOPTION OF COMPRESSED AIR IN FOOD PACKAGING, PROCESSING, AND BOTTLING TO DRIVE MARKET
                        TABLE 73 FOOD & BEVERAGES: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
                        TABLE 74 FOOD & BEVERAGES: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                        TABLE 75 FOOD & BEVERAGES: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 76 FOOD & BEVERAGES: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.7 METALS & MACHINERY 
             10.7.1 INCREASING METAL PRODUCTION IN ASIA PACIFIC TO INDUCE DEMAND FOR COMPRESSED AIR FILTERS AND DRYERS
                        TABLE 77 METALS & MACHINERY: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
                        TABLE 78 METALS & MACHINERY: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                        TABLE 79 METALS & MACHINERY: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 80 METALS & MACHINERY: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.8 PHARMACEUTICALS 
             10.8.1 NEED FOR COMPRESSED, HIGHLY PURE AIR IN PHARMACEUTICAL PRODUCTION TO DRIVE MARKET
                        TABLE 81 PHARMACEUTICALS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
                        TABLE 82 PHARMACEUTICALS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                        TABLE 83 PHARMACEUTICALS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 84 PHARMACEUTICALS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.9 ELECTRONICS 
             10.9.1 ABILITY TO PURIFY AIR WITH HIGH OPERATIONAL EFFICIENCY FOR SENSITIVE CHIP-BOARD ASSEMBLY TO DRIVE SEGMENTAL GROWTH
                        TABLE 85 ELECTRONICS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
                        TABLE 86 ELECTRONICS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                        TABLE 87 ELECTRONICS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 88 ELECTRONICS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.10 OTHERS 
             TABLE 89 OTHERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
             TABLE 90 OTHERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
             TABLE 91 OTHERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 92 OTHERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION)
 
11 COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION (Page No. - 138)
     11.1 INTRODUCTION 
             FIGURE 46 INDIA TO BE FASTEST-GROWING COUNTRY-LEVEL AIR FILTER AND DRYER MARKET FROM 2023 TO 2028
             FIGURE 47 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN COMPRESSED AIR FILTER AND DRYER MARKET DURING FORECAST PERIOD
             TABLE 93 COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 94 COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION)
     11.2 NORTH AMERICA 
             11.2.1 NORTH AMERICA: RECESSION IMPACT
                        FIGURE 48 NORTH AMERICA: COMPRESSED AIR FILTER AND DRYER MARKET SNAPSHOT
                        TABLE 95 NORTH AMERICA: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
                        TABLE 96 NORTH AMERICA: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                        TABLE 97 NORTH AMERICA: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
                        TABLE 98 NORTH AMERICA: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 99 NORTH AMERICA: COMPRESSED AIR FILTER AND DRYER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 100 NORTH AMERICA: COMPRESSED AIR FILTER AND DRYER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             11.2.2 US
                        11.2.2.1 Growing popularity of EVs to boost demand for compressed air filters and dryers
             11.2.3 CANADA
                        11.2.3.1 Increasing hydroelectric power generation to drive growth
             11.2.4 MEXICO
                        11.2.4.1 Increasing automobile manufacturing to boost demand for compressed air filters and dryers
     11.3 EUROPE 
             11.3.1 EUROPE: RECESSION IMPACT
                        FIGURE 49 EUROPE: COMPRESSED AIR FILTER AND DRYER MARKET SNAPSHOT
                        TABLE 101 EUROPE: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
                        TABLE 102 EUROPE: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                        TABLE 103 EUROPE: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
                        TABLE 104 EUROPE: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 105 EUROPE: COMPRESSED AIR FILTER AND DRYER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 106 EUROPE: COMPRESSED AIR FILTER AND DRYER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             11.3.2 GERMANY
                        11.3.2.1 Presence of established compressed air systems manufacturers to favor market growth
             11.3.3 UK
                        11.3.3.1 Increasing focus on quality standards in food and beverage industry to boost adoption of compressed air filters and dryers
             11.3.4 FRANCE
                        11.3.4.1 Thriving metals & machinery to contribute to market growth
             11.3.5 ITALY
                        11.3.5.1 Increasing demand from automotive and pharmaceuticals industries to drive market
             11.3.6 REST OF EUROPE
     11.4 ASIA PACIFIC 
             11.4.1 ASIA PACIFIC: RECESSION IMPACT
                        FIGURE 50 ASIA PACIFIC: COMPRESSED AIR FILTER AND DRYER MARKET SNAPSHOT
                        TABLE 107 ASIA PACIFIC: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
                        TABLE 108 ASIA PACIFIC: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                        TABLE 109 ASIA PACIFIC: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
                        TABLE 110 ASIA PACIFIC: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
                        TABLE 111 ASIA PACIFIC: COMPRESSED AIR FILTER AND DRYER MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 112 ASIA PACIFIC: COMPRESSED AIR FILTER AND DRYER MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             11.4.2 CHINA
                        11.4.2.1 Infrastructure development projects in tier-one and tier-two cities to drive market
             11.4.3 JAPAN
                        11.4.3.1 Presence of established automotive industry to support market growth
             11.4.4 INDIA
                        11.4.4.1 Government-led initiatives to boost electronics production to fuel market growth
             11.4.5 REST OF ASIA PACIFIC
     11.5 REST OF THE WORLD 
             TABLE 113 REST OF THE WORLD: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
             TABLE 114 REST OF THE WORLD: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
             TABLE 115 REST OF THE WORLD: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
             TABLE 116 REST OF THE WORLD: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
             TABLE 117 REST OF THE WORLD: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 118 REST OF THE WORLD: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION)
             11.5.1 SOUTH AMERICA
                        11.5.1.1 Oil & gas industry to offer lucrative growth opportunities to market players
             11.5.2 GCC
                        11.5.2.1 Increasing power generation to strengthen market outlook
             11.5.3 AFRICA & REST OF MIDDLE EAST
                        11.5.3.1 Increasing manufacturing activities to induce demand for compressed air filters and dryers
 
12 COMPETITIVE LANDSCAPE (Page No. - 162)
     12.1 OVERVIEW 
     12.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             TABLE 119 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN COMPRESSED AIR FILTER AND DRYER MARKET
     12.3 REVENUE ANALYSIS 
             FIGURE 51 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN COMPRESSED AIR FILTER AND DRYER MARKET
     12.4 MARKET SHARE ANALYSIS, 2022 
             TABLE 120 COMPRESSED AIR FILTER AND DRYER MARKET: DEGREE OF COMPETITION, 2022
             FIGURE 52 INDUSTRY CONCENTRATION, 2022
     12.5 COMPANY EVALUATION MATRIX, 2022 
             12.5.1 STARS
             12.5.2 EMERGING LEADERS
             12.5.3 PERVASIVE PLAYERS
             12.5.4 PARTICIPANTS
                        FIGURE 53 COMPRESSED AIR FILTER AND DRYER MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022
             12.5.5 COMPANY FOOTPRINT
                        TABLE 121 OVERALL COMPANY FOOTPRINT
                        TABLE 122 COMPANY INDUSTRY FOOTPRINT
                        TABLE 123 COMPANY PRODUCT TYPE FOOTPRINT
                        TABLE 124 COMPANY REGION FOOTPRINT
     12.6 STARTUPS/SMALL AND MEDIUM ENTERPRISES (SMES) EVALUATION MATRIX, 2022 
             12.6.1 PROGRESSIVE COMPANIES
             12.6.2 RESPONSIVE COMPANIES
             12.6.3 DYNAMIC COMPANIES
             12.6.4 STARTING BLOCKS
                        FIGURE 54 COMPRESSED AIR FILTER AND DRYER MARKET (GLOBAL): SMES EVALUATION MATRIX, 2022
             12.6.5 COMPETITIVE BENCHMARKING
                        TABLE 125 COMPRESSED AIR FILTER AND DRYER MARKET: LIST OF KEYS STARTUPS/SMES
                        TABLE 126 COMPRESSED AIR FILTER AND DRYER MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     12.7 COMPETITIVE SCENARIOS AND TRENDS 
             TABLE 127 COMPRESSED AIR FILTER AND DRYER MARKET: PRODUCT LAUNCHES, 2021−2023
             TABLE 128 COMPRESSED AIR FILTER AND DRYER MARKET: DEALS, 2021–2023
             TABLE 129 COMPRESSED AIR FILTER AND DRYER MARKET: OTHERS, 2021–2023
 
13 COMPANY PROFILES (Page No. - 181)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*  
     13.1 KEY PLAYERS 
             13.1.1 ATLAS COPCO
                        TABLE 130 ATLAS COPCO: COMPANY OVERVIEW
                        FIGURE 55 ATLAS COPCO: COMPANY SNAPSHOT
                        TABLE 131 ATLAS COPCO: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 132 ATLAS COPCO: PRODUCT LAUNCHES
                        TABLE 133 ATLAS COPCO: DEALS
                        TABLE 134 ATLAS COPCO: OTHERS
             13.1.2 INGERSOLL RAND
                        TABLE 135 INGERSOLL RAND: COMPANY OVERVIEW
                        FIGURE 56 INGERSOLL RAND: COMPANY SNAPSHOT
                        TABLE 136 INGERSOLL RAND: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 137 INGERSOLL RAND: PRODUCT LAUNCHES
                        TABLE 138 INGERSOLL RAND: DEALS
             13.1.3 PARKER HANNIFIN CORP
                        TABLE 139 PARKER HANNIFIN CORP: COMPANY OVERVIEW
                        FIGURE 57 PARKER HANNIFIN CORP: COMPANY SNAPSHOT
                        TABLE 140 PARKER HANNIFIN CORP: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 141 PARKER HANNIFIN CORP: PRODUCT LAUNCHES
             13.1.4 PENTAIR
                        TABLE 142 PENTAIR: COMPANY OVERVIEW
                        FIGURE 58 PENTAIR: COMPANY SNAPSHOT
                        TABLE 143 PENTAIR: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 144 PENTAIR: PRODUCT LAUNCHES
             13.1.5 DONALDSON COMPANY, INC.
                        TABLE 145 DONALDSON COMPANY, INC.: COMPANY OVERVIEW
                        FIGURE 59 DONALDSON COMPANY, INC.: COMPANY SNAPSHOT
                        TABLE 146 DONALDSON COMPANY, INC.: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 147 DONALDSON COMPANY, INC.: PRODUCT LAUNCHES
                        TABLE 148 DONALDSON COMPANY, INC.: DEALS
             13.1.6 BOGE
                        TABLE 149 BOGE: COMPANY OVERVIEW
                        TABLE 150 BOGE: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 151 BOGE: PRODUCT LAUNCHES
                        TABLE 152 BOGE: DEALS
             13.1.7 HITACHI GLOBAL AIR POWER US, LLC.
                        TABLE 153 HITACHI GLOBAL AIR POWER US, LLC.: COMPANY OVERVIEW
                        TABLE 154 HITACHI GLOBAL AIR POWER US, LLC.: PRODUCT/SOLUTION/SERVICE OFFERINGS
             13.1.8 KAESER KOMPRESSOREN
                        TABLE 155 KAESER KOMPRESSOREN: COMPANY OVERVIEW
                        TABLE 156 KAESER KOMPRESSOREN: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 157 KAESER KOMPRESSOREN: PRODUCT LAUNCHES
                        TABLE 158 KAESER KOMPRESSOREN: OTHERS
             13.1.9 SPX FLOW
                        TABLE 159 SPX FLOW: COMPANY OVERVIEW
                        TABLE 160 SPX FLOW: PRODUCT/SOLUTION/SERVICE OFFERINGS
                        TABLE 161 SPX FLOW: DEALS
             13.1.10 SULLIVAN-PALATEK INC.
                        TABLE 162 SULLIVAN-PALATEK INC.: COMPANY OVERVIEW
                        TABLE 163 SULLIVAN-PALATEK INC.: PRODUCT/SOLUTION/SERVICE OFFERINGS
     13.2 OTHER PLAYERS 
             13.2.1 AIRFILTER ENGINEERING
                        TABLE 164 AIRFILTER ENGINEERING: COMPANY OVERVIEW
             13.2.2 ALMIG KOMPRESSOREN GMBH
                        TABLE 165 ALMIG KOMPRESSOREN GMBH: COMPANY OVERVIEW
             13.2.3 ALTEC AIR
                        TABLE 166 ALTEC AIR: COMPANY OVERVIEW
             13.2.4 ATS SRL
                        TABLE 167 ATS. SRL: COMPANY OVERVIEW
             13.2.5 BAUER COMP HOLDING GMBH
                        TABLE 168 BAUER COMP HOLDING GMBH: COMPANY OVERVIEW
             13.2.6 BEKO TECHNOLOGIES
                        TABLE 169 BEKO TECHNOLOGIES: COMPANY OVERVIEW
             13.2.7 FST GMBH FILTRATIONS-SEPARATIONS-TECHNIK
                        TABLE 170 FST GMBH FILTRATIONS-SEPARATIONS-TECHNIK: COMPANY OVERVIEW
             13.2.8 GENERON
                        TABLE 171 GENERON: COMPANY OVERVIEW
             13.2.9 ING. ENEA MATTEI SPA
                        TABLE 172 ING. ENEA MATTEI SPA: COMPANY OVERVIEW
             13.2.10 MIKROPOR MAKINA SAN.TIC.A.S.
                        TABLE 173 MIKROPOR MAKINA SAN. TIC.A.S.: COMPANY OVERVIEW
             13.2.11 OMEGA AIR
                        TABLE 174 OMEGA AIR: COMPANY OVERVIEW
             13.2.12 PRECISION FILTRATION PRODUCTS
                        TABLE 175 PRECISION FILTRATION PRODUCTS: COMPANY OVERVIEW
             13.2.13 PREVOST
                        TABLE 176 PREVOST: COMPANY OVERVIEW
             13.2.14 VAN AIR SYSTEMS
                        TABLE 177 VAN AIR SYSTEMS: COMPANY OVERVIEW
             13.2.15 WALKER FILTRATION
                        TABLE 178 WALKER FILTRATION: COMPANY OVERVIEW
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.  
 
14 ADJACENT MARKET (Page No. - 224)
     14.1 HVAC SYSTEM MARKET 
             14.1.1 INTRODUCTION
                        FIGURE 60 COMMERCIAL SEGMENT TO HOLD LARGEST SHARE OF HVAC SYSTEM MARKET IN 2023
                        TABLE 179 HVAC SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD BILLION)
                        TABLE 180 HVAC SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD BILLION)
             14.1.2 COMMERCIAL
                        14.1.2.1 Growing adoption of energy-efficient equipment in commercial spaces to boost market growth
                                     TABLE 181 COMMERCIAL: HVAC SYSTEM MARKET, BY TYPE, 2019–2022 (USD BILLION)
                                     ZTABLE 182 COMMERCIAL: HVAC SYSTEM MARKET, BY TYPE, 2023–2028 (USD BILLION)
                                     TABLE 183 COMMERCIAL: HVAC SYSTEM MARKET, BY COOLING EQUIPMENT, 2019–2022 (USD MILLION)
                                     TABLE 184 COMMERCIAL: HVAC SYSTEM MARKET, BY COOLING EQUIPMENT, 2023–2028 (USD MILLION)
                                     TABLE 185 COMMERCIAL: HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2019–2022 (USD BILLION)
                                     TABLE 186 COMMERCIAL: HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2023–2028 (USD BILLION)
                                     TABLE 187 COMMERCIAL: HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT, 2019–2022 (USD MILLION)
                                     TABLE 188 COMMERCIAL: HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT, 2023–2028 (USD MILLION)
                                     14.1.2.1.1 Offices
                                     14.1.2.1.2 Government
                                     14.1.2.1.3 Healthcare
                                     14.1.2.1.4 Education
                                     14.1.2.1.5 Retail
                                     14.1.2.1.6 Airports
             14.1.3 RESIDENTIAL
                        14.1.3.1 Government regulations and tax credit programs to promote use of HVAC systems in residential sector to drive market
                                     TABLE 189 RESIDENTIAL: HVAC SYSTEM MARKET, BY COOLING EQUIPMENT, 2019–2022 (USD MILLION)
                                     TABLE 190 RESIDENTIAL: HVAC SYSTEM MARKET, BY COOLING EQUIPMENT, 2023–2028 (USD MILLION)
                                     TABLE 191 RESIDENTIAL: HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2019–2022 (USD BILLION)
                                     TABLE 192 RESIDENTIAL: HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2023–2028 (USD BILLION)
                                     TABLE 193 RESIDENTIAL: HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT, 2019–2022 (USD MILLION)
                                     TABLE 194 RESIDENTIAL: HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT, 2023–2028 (USD MILLION)
             14.1.4 INDUSTRIAL
                        14.1.4.1 Rising adoption of energy-efficient HVAC systems in industries to minimize operational costs to drive market
                                     TABLE 195 INDUSTRIAL: HVAC SYSTEM MARKET, BY COOLING EQUIPMENT, 2019–2022 (USD MILLION)
                                     TABLE 196 INDUSTRIAL: HVAC SYSTEM MARKET, BY COOLING EQUIPMENT, 2023–2028 (USD MILLION)
                                     TABLE 197 INDUSTRIAL: HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2019–2022 (USD BILLION)
                                     TABLE 198 INDUSTRIAL: HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2023–2028 (USD BILLION)
                                     TABLE 199 INDUSTRIAL: HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT, 2019–2022 (USD MILLION)
                                     TABLE 200 INDUSTRIAL: HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT, 2023–2028 (USD MILLION)
 
15 APPENDIX (Page No. - 237)
     15.1 INSIGHTS FROM INDUSTRY EXPERTS 
     15.2 DISCUSSION GUIDE 
     15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.4 CUSTOMIZATION OPTIONS 
     15.5 RELATED REPORTS 
     15.6 AUTHOR DETAILS 
 

 

The study involves four major activities that estimate the size of the compressed air filter and dryer market. Exhaustive secondary research was conducted to collect information related to the market. Following this was validating these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall size of the compressed air filter and dryer market. Subsequently, market breakdown and data triangulation procedures were used to determine the extent of different segments and subsegments of the market.  

Secondary Research:

Secondary sources in this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, certified publications, articles from recognized authors; directories; and databases. The secondary data were collected and analyzed to estimate the overall market size, further validated by primary research. The relevant data is collected from various secondary sources, it is analyzed to extract insights and information relevant to the market research objectives. This analysis has involved summarizing the data, identifying trends, and drawing conclusions based on the available information.

Primary Research

In the primary research process, numerous sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information about this report. The primary sources from the supply-side included various industry experts such as Chief X Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from compressed air filter and dryer providers, (such as Atlas Copco, Ingersoll Rand, PARKER HANNIFIN CORP, Pentair, Donaldson Company, Inc., BOGE, Hitachi Global Air Power US, LLC.) research organizations, distributors, professional and managed service providers, industry associations, and key opinion leaders. Approximately 25% of the primary interviews were conducted with the demand side and 75% with the supply side. These data were collected mainly through questionnaires, emails, and telephonic interviews, accounting for 80% of the primary interviews.

Compressed Air Filter and Dryer Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the market engineering process, both top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the compressed air filter and dryer market and other dependent submarkets listed in this report.

  • The key players in the industry and markets were identified through extensive secondary research.
  • Both the supply chain of the industry and the market size, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Market Size Estimation Methodology-Bottom-up Approach

Compressed Air Filter and Dryer Market Size, and Bottom-up Approach

Co-packaged optics market: Top-down Approach

Compressed Air Filter and Dryer Market Size, and Top-down Approach

Data Triangulation

After estimating the overall market size, the total market was split into several segments. The market breakdown and data triangulation procedures were employed wherever applicable to complete the overall market engineering process and gauge exact statistics for all segments. The data were triangulated by studying various factors and trends from both the demand and supply sides. The market was also validated using both top-down and bottom-up approaches.

Market Definition

Compressed air filters filter suspended particulate impurities, water solvents, and oil-soluble impurities from a compressed air stream, while compressed air dryers maintain the dryness of compressed air at different temperatures throughout a compressed air system by separating water vapor or moisture from industrial processed air. A compressed air system needs filters and dryers to produce ultra-pure and dry compressed air for use in industries such as automotive, oil & gas, metals & machinery, pharmaceuticals, electronics, and chemicals for different applications.

The compressed air filter and dryer ecosystem includes various manufacturers and providers. The market is diversified, with more than 25 companies competing across the value chain to sustain their position in the market and increase their market share.

Stakeholders

  • Government bodies and policymakers
  • Industry organizations, forums, alliances, and associations
  • Market research and consulting firms
  • Raw material suppliers and distributors
  • Research institutes and organizations
  • Manufacturers and distributors of compressed air filters and dryers
  • Traders and suppliers 
  • Energy and power companies
  • Automobile companies
  • Food and beverage companies
  • Packaging companies
  • Pharmaceutical companies
  • Manufacturing consulting companies
  • Investors and venture capitalists
  • Manufacturers implementing AI technology
  • Government bodies, venture capitalists, and private equity firms

The main objectives of this study are as follows:

  • To define, describe, and forecast the compressed air filter and dryer market on the basis of product, industry, and geography
  • To describe and forecast the size of the market in four regions: North America, Europe, Asia Pacific, and the Rest of the World
  • To provide detailed information regarding the factors (drivers, restraints, opportunities, and challenges) influencing the market’s growth
  • To provide an overview of the recent trends in the market
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market size
  • To study the complete value chain of the market
  • To analyze the probable impact of the recession on the market in the near future
  • To analyze the opportunities for stakeholders by identifying the high-growth segments of the market
  • To strategically profile the key players and comprehensively analyze their market positions in terms of their ranking and core competencies2
  • To analyze the competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers and acquisitions, product launches, and research and development (R&D) in the compressed air filter and dryer market
  • To provide an analysis of the recession impact on the growth of the market and its segments

Available Customizations:

With the given market data, MarketsandMarkets offer customizations according to the specific requirements of companies. The following customization options are available for the report:

Country-wise Information:

  • Analysis for additional countries (up to five)

Company Information:

  • Detailed analysis and profiling of different market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Oct, 2023
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