Compressed Air Filter and Dryer Market

Compressed Air Filter and Dryer Market by Product (Air Dryer (Refrigeration, Desiccant, Deliquescent, Membrane), Air Filter (Particulate, Coalescing, Compressed Intake, Activated)), Industry & Region (2022-2027)

Report Code: SE 7536 Feb, 2022, by marketsandmarkets.com

[237 Pages Report] The global compressed air filter and dryer market size is expected to grow from USD 5.4 billion in 2022 to USD 7.3 billion by 2027, at a CAGR of 6.2%.

The market growth can be attributed to the growing adoption of compressed air systems to increase productivity, surging demand for compressed air solutions from the food & beverages industry, and increasing use of compressed air dryers for protecting equipment against hazardous and corrosive environments.

Compressed Air Filter and Dryer Market

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Impact of COVID-19 on the Compressed Air Filter and Dryer Market

Compressed air filters and dryers experienced less demand in 2020 because of the COVID-19 outbreak. Operations of several industries such as automotive, oil & gas, power, and electronics were adversely impacted. For instance, major global automakers, such as General Motors (US), Ford (US), and Daimler (Germany) faced difficulties in sourcing raw materials, batteries, and other components required for automobile production owing to the dependency of the global automobile and electric vehicle industries on China for batteries and other components. Fiat Chrysler, a UK-based automobile giant, halted the automobile production for some time owing to the lack of batteries being supplied from China. However, the market is expected to recover during the forecast period owing to the gradual recovery of industries.

Market Dynamics

DRIVER: Growing adoption of compressed air systems to increase productivity

When air is left unfiltered, the cracks and crevices of pipes and fittings that use compressed air start accumulating dirt, oil, and water, thereby contaminating the compressed air stream. The residue of contaminants accumulated in the cracks starts corroding the pipes, which results in severe malfunction or complete shutdown of compressed air equipment. Compressed air filters ensure that no such contaminants enter the air stream, ensuring the proper functioning and long life of equipment. as well as reduced maintenance costs. The less the moisture content, the more is the productivity of the system. Accumulation of water and water vapor in equipment causes corrosion, which can clog up valves, fittings, and instrument control lines, causing system breakdown. Thus, compressed air dryers are vital to blocking any traces of water entering the compressed air stream. Microorganisms such as bacteria, viruses, and fungi can also enter the compressed air stream when exposed to moisture. Even if microorganisms enter into sterile and dry compressed air, their presence causes a major impact on the quality and performance of the system. Compressed air dryers are used for blocking the entry of such microorganisms into the air stream.

RESTRAINT: Requirement of periodic maintenance

Compressed air filters and dryers require periodic maintenance to operate at peak efficiency and minimize unscheduled downtime. Inadequate maintenance can increase energy consumption due to lower filtration efficiency, air leakage, or variation in pressure and result in high operating temperatures, improper moisture control, and excessive contamination.

Air compressors and related equipment such as filters and dryers require regular maintenance. Overlooking maintenance may further cause higher energy, repair, and replacement costs. Per Energy Star Data, maintenance and repairs comprise about 12% of an air compressor system’s lifetime cost. Therefore, it is imperative for end users to consider maintenance and repair expenses after buying such equipment.

OPPORTUNITY: Increasing adoption of class 0 air in pharmaceutical packaging

Class 0 air has been mandated by various governments for the packaging of pharmaceuticals, which has resulted in a growth opportunity for compressed air systems. Traditionally, manual packaging techniques were used, which resulted in loss for many pharmaceutical companies, as the contaminated air damaged the packaged medicines. Compressed air filters can filter out all types of impurities present in a compressed air stream and compressed air dryers help ensure moisture- and oil-free packaging of pharmaceuticals. The use of compressed air filters and dryers can lead to a significant drop in product damage and increase cost efficiency.

CHALLENGE: Requirement of tightly controlled environment for proper functioning

Compressed air production is one of the most expensive auxiliary functions in all industries. Compressed air filters and dryers are the most essential components of compressed air systems. These systems are highly sensitive to the surrounding environment. A variation in parameters such as cabin temperature, electricity supply, and air feed can impact the efficiency, output, and operating life of compressed air filters and dryers. In high-pressure working conditions, not maintained the system temperature at the prescribed level can lead to system explosion. In addition to this, it is challenging for end users to maintain an extremely controlled environment to have the proper functioning of compressed air filters and dryers.

“Compressed air dryers held the larger share of the market for the chemicals industry in 2021”

Compressed air dryers held the larger share of the market for the chemicals industry in 2021. Chemical companies deal with toxic and combustible gases daily; hence, high-quality compressed air is quite crucial for the safety and efficiency of equipment. Compressed air dryers such as refrigeration dryers have a high demand in the chemicals industry due to the requirement of high-purity products and the dangerous or hazardous gases present in a chemicals production facility. Chemical facilities often experience sudden changes in temperature due to endothermic or exothermic reactions occurring inside the plant. Refrigeration dryers are best suited for handling such sudden shifts in temperature.

“Automotive industry accounted for the largest share of the compressed air filter and dryer market in 2021”

The automotive industry accounted for the largest share of the compressed air filter and dryer market in 2021. It is one of the largest revenue-generating industries globally and is expected to flourish in the coming years owing to the rising demand from countries such as China, the US, and Germany. Compressed air filters and dryers are fundamental to the automotive industry and are used for cabin air filtration, air conditioning, spray painting, and laser purging and in air spindles, air bearings, air guns, and pneumatic brakes in automobiles.

Compressed Air Filter and Dryer Market   by Region

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“North America accounted for the largest share of the global compressed air filter and dryer market”

North America accounted for the largest share of the global compressed air filter and dryer market in 2021. The US is the major contributor to the North American compressed air filter and dryer market. The presence of many manufacturing facilities of automotive and food & beverages industries is expected to drive the compressed air filter and dryer market in North America. The oil & gas industry is also among the key contributors to the growth of market in this region. With stringent regulations regarding the cleanliness standards of environmental air, the demand for compressed air filters and dryers has increased significantly in the US. It It is one of the largest automotive markets and its automotive industry is also one of the growing industries in the world. Also, electric vehicles require a greater number of compressed air filters than conventional vehicles, hence boosting the growth of the compressed air filter and dryer market in the country.

Key Market Players

Atlas Copco (Sweden), Ingersoll Rand (US), Parker-Hannifin (US), Pentair (UK), and Donaldson Company (US) are the top five players in the compressed air filter and dryer market

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Scope of the Report

Report Metric

Details

Market Size Available for Years

2018–2027

Base Year

2021

Forecast Period

2022–2027

Units

Value (USD Million/Billion)

Segments Covered

Product, Industry, and Geography

Geographic Regions Covered

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

Companies Covered

Major Players: Atlas Copco (Sweden), Ingersoll Rand (US), Parker-Hannifin (US), Pentair (UK), and Donaldson Company (US) and Others- total 25 players have been covered.

This research report categorizes the compressed air filter and dryer market by product, industry, and region.

By Product:

  • 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
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Middle East
      • Saudi Arabia
      • UAE
      • Rest of Middle East
    • Africa
    • South America

Recent Developments

  • In November 2021, Atlas Copco launched the energy-efficient and highly reliable Cerades Desiccant Dryer. These dryers are suitable for food & beverages, pharmaceutical, and semiconductor industries.
  • In May 2021, Parker-Hannifin launched a desiccant compressed air dryer designed to deliver ‘technically’ oil-free compressed air for the rental industry.
  • In March 2021, Donaldson Company launched a smart dryer, a solution that removes condensates and dries compressed airstreams in manufacturing facilities using three stages of separation: filtering, drying, and purifying.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 33)
    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 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

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 Key data from secondary sources
                    2.1.2.2 List of major secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Key industry insights
                    2.1.3.3 Key data from primary sources
                    2.1.3.4 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for arriving at market size by 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 for estimating 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 FOR COMPRESSED AIR FILTER AND DRYER MARKET USING SUPPLY-SIDE ANALYSIS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 6 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 LIMITATIONS
    2.6 RISK ASSESSMENT
           FIGURE 7 LIMITATIONS AND ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. - 48)
    FIGURE 8 COMPRESSED AIR FILTER AND DRYER MARKET: PRE- AND POST-COVID-19 SCENARIOS
    3.1 PRE-COVID-19 SCENARIO
           TABLE 1 COMPRESSED AIR FILTER AND DRYER MARKET, PRE-COVID-19 SCENARIO, 2022–2027
    3.2 REALISTIC SCENARIO
           TABLE 2 COMPRESSED AIR FILTER AND DRYER MARKET, POST-COVID-19 REALISTIC SCENARIO, 2022–2027
    3.3 OPTIMISTIC SCENARIO
           TABLE 3 COMPRESSED AIR FILTER AND DRYER MARKET, POST-COVID-19 OPTIMISTIC SCENARIO, 2022–2027
    3.4 PESSIMISTIC SCENARIO
           TABLE 4 COMPRESSED AIR FILTER AND DRYER MARKET, POST-COVID-19 PESSIMISTIC SCENARIO, 2022–2027
           FIGURE 9 COMPRESSED AIR DRYER ACCOUNTED FOR LARGER SHARE OF COMPRESSED AIR FILTER AND DRYER MARKET IN 2021
           FIGURE 10 FOOD & BEVERAGES INDUSTRY TO REGISTER HIGHEST CAGR IN COMPRESSED AIR FILTER AND DRYER MARKET DURING FORECAST PERIOD
           FIGURE 11 MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 COMPRESSED AIR FILTER AND DRYER MARKET, 2022–2027 (USD BILLION)
           FIGURE 12 INCREASING DEMAND FROM FOOD & BEVERAGES INDUSTRY TO BOOST GROWTH OF COMPRESSED AIR FILTER AND DRYER MARKET
    4.2 COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT
           FIGURE 13 COMPRESSED AIR DRYER TO ACCOUNT FOR LARGER SIZE OF COMPRESSED AIR FILTER AND DRYER MARKET DURING FORECAST PERIOD
    4.3 COMPRESSED AIR FILTER MARKET, BY FILTER TYPE (USD MILLION)
           FIGURE 14 PARTICULATE FILTER TO HOLD LARGEST MARKET SHARE OF COMPRESSED AIR FILTER MARKET IN 2022
    4.4 COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY
                               FIGURE 15 AUTOMOTIVE INDUSTRY TO ACCOUNT FOR LARGEST MARKET SIZE
    4.5 COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION
           FIGURE 16 COMPRESSED AIR FILTER AND DRYER MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 17 COMPRESSED AIR FILTER AND DRYER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Growing adoption of compressed air systems to increase productivity
                    TABLE 5 INDUSTRIAL USES OF COMPRESSED AIR
                    5.2.1.2 Surging demand for compressed air solutions from food & beverages industry
                               FIGURE 18 CAPITAL EXPENDITURE BY TOP 100 COMPANIES IN FOOD & BEVERAGES INDUSTRY, 2017–2020 (USD BILLION)
                    5.2.1.3 Increasing use of compressed air dryers for protecting equipment against hazardous and corrosive environments
                    5.2.1.4 Increasing demand for compressed air filters as they filter contaminants up to several microns
                               FIGURE 19 DRIVERS AND THEIR IMPACT ON COMPRESSED AIR FILTER AND DRYER MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 Requirement of periodic maintenance
                    5.2.2.2 High working pressure induces risk of system explosion
                               FIGURE 20 RESTRAINTS AND THEIR IMPACT ON COMPRESSED AIR FILTER AND DRYER MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing adoption of class 0 air in pharmaceutical packaging
                    5.2.3.2 Industry 4.O and growing industrialization in developing nations
                    5.2.3.3 Surging adoption of IoT in compressed air industry
                               FIGURE 21 OPPORTUNITIES AND THEIR IMPACT ON COMPRESSED AIR FILTER AND DRYER MARKET
           5.2.4 CHALLENGES
                    5.2.4.1 Requirement of tightly controlled environment for proper functioning
                    5.2.4.2 Lack of awareness regarding appropriate use of compressed air filters and dryers
                    5.2.4.3 Unwillingness of SMEs to shift from conventional air filtration methods to advanced compressed air filters
                               FIGURE 22 CHALLENGES AND THEIR IMPACT ON COMPRESSED AIR FILTER AND DRYER MARKET
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 23 COMPRESSED AIR FILTER AND DRYER MARKET: VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM ANALYSIS
           FIGURE 24 ECOSYSTEM
           TABLE 6 COMPRESSED AIR FILTER AND DRYER MARKET: ECOSYSTEM
    5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
           FIGURE 25 REVENUE SHIFT OF COMPRESSED AIR FILTER AND DRYER MARKET
    5.6 PORTER’S FIVE FORCES ANALYSIS
           TABLE 7 COMPRESSED AIR FILTER AND DRYER MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.6.1 INTENSITY OF COMPETITIVE RIVALRY
           5.6.2 BARGAINING POWER OF SUPPLIERS
           5.6.3 BARGAINING POWER OF BUYERS
           5.6.4 THREAT OF SUBSTITUTES
           5.6.5 THREAT OF NEW ENTRANTS
    5.7 CASE STUDIES
           TABLE 8 REFRIGERATION DRYERS IMPROVE ENERGY AND EFFICIENCY WHILE REDUCING COSTS
           TABLE 9 COMPRESSED AIR DRYERS AND FILTERS ENSURE COMPLIANCE WITH STRINGENT STANDARDS
    5.8 TECHNOLOGY ANALYSIS
           5.8.1 IOT
    5.9 PRICING ANALYSIS
           5.9.1 AVERAGE SELLING PRICES OF COMPANIES, BY MAXIMUM INLET TEMPERATURE
                    FIGURE 26 AVERAGE SELLING PRICE OF COMPANIES BASED ON MAXIMUM INLET TEMPERATURE
                    TABLE 10 APPROXIMATE AVERAGE SELLING PRICES OF COMPANIES BASED ON MAXIMUM INLET TEMPERATURE
           5.9.2 AVERAGE SELLING PRICE TREND
                    TABLE 11 APPROXIMATE AVERAGE SELLING PRICE
    5.10 TRADE ANALYSIS
           5.10.1 IMPORTS SCENARIO OF COMPRESSORS FOR REFRIGERATING EQUIPMENT
                    FIGURE 27 IMPORTS DATA FOR COMPRESSORS FOR REFRIGERATING EQUIPMENT, BY KEY COUNTRY, 2016−2020 (USD MILLION)
           5.10.2 EXPORTS SCENARIO OF COMPRESSORS FOR REFRIGERATING EQUIPMENT
                    FIGURE 28 EXPORTS DATA FOR COMPRESSORS FOR REFRIGERATING EQUIPMENT, BY KEY COUNTRY, 2016−2020 (USD MILLION)
    5.11 PATENTS ANALYSIS
                    FIGURE 29 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
                    TABLE 12 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS
                    FIGURE 30 NUMBER OF PATENTS GRANTED PER YEAR FROM 2011 TO 2021
                    TABLE 13 SOME PATENTS PERTAINING TO COMPRESSED AIR FILTER AND DRYER MARKET, 2019–2020
    5.12 KEY CONFERENCES AND EVENTS IN 2022–2023
                    TABLE 14 COMPRESSED AIR FILTER AND DRYER MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.13 REGULATORY LANDSCAPE
           5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 16 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 17 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 18 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.13.2 STANDARDS
                    TABLE 19 STANDARDS FOR COMPRESSED AIR FILTERS AND DRYERS

6 COMPONENTS OF COMPRESSED AIR FILTERS AND RECENT TRENDS (Page No. - 80)
    6.1 INTRODUCTION
    6.2 COMPONENTS OF COMPRESSED AIR FILTERS
           6.2.1 HOUSING ELEMENTS
                    6.2.1.1 Housing elements ensure high performance and enhanced life of compressors
           6.2.2 FILTER ELEMENTS
                    6.2.2.1 Filter elements help filter contaminants such as rust, pipe scale, compressor lube oil, and water from compressed gases
    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
                    6.4.1.1 Continuous system monitoring keeps users aware of system efficiency
           6.4.2 EQUIPMENT DESIGN INNOVATIONS
                    6.4.2.1 Equipment design innovations help improve performance and reliability of machines
           6.4.3 DEMAND-SIDE REDUCTION
                    6.4.3.1 Demand-side reduction is required for energy saving in future
           6.4.4 COMPRESSOR CONTROL
                    6.4.4.1 Compressor control helps provide continuous real-time display and system condition
           6.4.5 AIR AUDITING
                    6.4.5.1 Air auditing is required for adequate assessments for companies in compressed air market

7 APPLICATIONS OF COMPRESSED AIR FILTERS AND DRYERS (Page No. - 84)
    7.1 INTRODUCTION
           FIGURE 31 APPLICATIONS OF COMPRESSED AIR FILTERS AND DRYERS
    7.2 CONDENSED WATER REMOVAL
           FIGURE 32 CONDENSED WATER REMOVAL MECHANISM
    7.3 OIL REMOVAL
           FIGURE 33 OIL REMOVAL MECHANISM
    7.4 MIST REMOVAL
           FIGURE 34 MIST REMOVAL MECHANISM
    7.5 PARTICULATES REMOVAL
           FIGURE 35 PARTICULATES REMOVAL MECHANISM

8 COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT (Page No. - 88)
    8.1 INTRODUCTION
           FIGURE 36 MARKET SEGMENTATION, BY PRODUCT
           FIGURE 37 WORKING OF COMPRESSED AIR SYSTEMS
           FIGURE 38 COMPRESSED AIR DRYER TO ACCOUNT FOR LARGER SIZE OF COMPRESSED AIR FILTER AND DRYER MARKET IN 2022
           TABLE 20 COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
           TABLE 21 COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
    8.2 COMPRESSED AIR DRYERS
           FIGURE 39 REFRIGERATION DRYER SEGMENT TO HOLD LARGEST SIZE OF COMPRESSED AIR DRYER MARKET DURING FORECAST PERIOD
           TABLE 22 COMPRESSED AIR DRYER MARKET, BY DRYER TYPE, 2018–2021 (USD MILLION)
           TABLE 23 COMPRESSED AIR DRYER MARKET, BY DRYER TYPE, 2022–2027 (USD MILLION)
           TABLE 24 COMPRESSED AIR DRYER MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
           TABLE 25 COMPRESSED AIR DRYER MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
           TABLE 26 COMPRESSED AIR DRYER MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 27 COMPRESSED AIR DRYER MARKET, BY REGION, 2022–2027 (USD MILLION)
           8.2.1 REFRIGERATION DRYERS
                    8.2.1.1 Refrigeration dryers have major applications in manufacturing industries
                               TABLE 28 OVERVIEW OF REFRIGERATION DRYERS
                               TABLE 29 REFRIGERATION DRYER MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                               TABLE 30 REFRIGERATION DRYER MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
           8.2.2 DESICCANT/ADSORPTION DRYERS
                    8.2.2.1 Desiccant dryers are majorly applicable in pneumatic systems and large storage tanks
                               TABLE 31 OVERVIEW OF DESICCANT DRYERS
                               TABLE 32 DESICCANT DRYER MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                               TABLE 33 DESICCANT DRYER MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
           8.2.3 DELIQUESCENT DRYERS
                    8.2.3.1 Desiccant dryers can operate on significantly lower dewpoints
                               TABLE 34 OVERVIEW OF DELIQUESCENT DRYERS
                               TABLE 35 DELIQUESCENT DRYER MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                               TABLE 36 DELIQUESCENT DRYER MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
           8.2.4 MEMBRANE DRYERS
                    8.2.4.1 Membrane dryers require low maintenance and no electricity to operate
                               TABLE 37 OVERVIEW OF MEMBRANE DRYERS
                               TABLE 38 MEMBRANE DRYER MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                               TABLE 39 MEMBRANE DRYER MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
    8.3 COMPRESSED AIR FILTERS
           FIGURE 40 PARTICULATE FILTER SEGMENT TO HOLD LARGEST SIZE OF COMPRESSED AIR FILTER MARKET IN 2022
           TABLE 40 COMPRESSED AIR FILTER MARKET, BY FILTER TYPE, 2018–2021 (USD MILLION)
           TABLE 41 COMPRESSED AIR FILTER MARKET, BY FILTER TYPE, 2022–2027 (USD MILLION)
           TABLE 42 COMPRESSED AIR FILTER MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
           TABLE 43 COMPRESSED AIR FILTER MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
           TABLE 44 COMPRESSED AIR FILTER MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 45 COMPRESSED AIR FILTER MARKET, BY REGION, 2022–2027 (USD MILLION)
           8.3.1 PARTICULATE FILTERS
                    8.3.1.1 Particulate filters are widely used to remove dust and particles from compressed air
                               TABLE 46 OVERVIEW OF PARTICULATE FILTERS
                               TABLE 47 PARTICULATE FILTER MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                               TABLE 48 PARTICULATE FILTER MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
           8.3.2 COALESCING FILTERS
                    8.3.2.1 Coalescing filters significantly preferred in processing industries
                               TABLE 49 OVERVIEW OF COALESCING FILTERS
                               TABLE 50 COALESCING FILTER MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                               TABLE 51 COALESCING FILTER MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
           8.3.3 COMPRESSED INTAKE FILTERS
                    8.3.3.1 Compressed intake filters filter dirt and tiny particles from compressed air
                               TABLE 52 OVERVIEW OF COMPRESSED INTAKE FILTERS
                               TABLE 53 COMPRESSED INTAKE FILTER MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                               TABLE 54 COMPRESSED INTAKE FILTER MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
           8.3.4 ACTIVATED CARBON FILTERS
                    8.3.4.1 Odors and vapors are filtered with help of activated carbon filters
                               TABLE 55 OVERVIEW OF ACTIVATED CARBON FILTERS
                               TABLE 56 ACTIVATED CARBON FILTER MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                               TABLE 57 ACTIVATED CARBON FILTER MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)

9 COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY (Page No. - 109)
    9.1 INTRODUCTION
           FIGURE 41 MARKET SEGMENTATION, BY INDUSTRY
           FIGURE 42 AUTOMOTIVE INDUSTRY TO HOLD LARGEST SHARE OF COMPRESSED AIR FILTER AND DRYER MARKET IN 2022
           TABLE 58 COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
           TABLE 59 COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
    9.2 AUTOMOTIVE
           9.2.1 INCREASING DEMAND FOR HIGH-QUALITY PAINT FINISH IN AUTOMOTIVE INDUSTRY TO DRIVE GROWTH OF COMPRESSED AIR DRYERS
                    TABLE 60 COMPRESSED AIR FILTER AND DRYER MARKET FOR AUTOMOTIVE INDUSTRY, BY PRODUCT, 2018–2021 (USD MILLION)
                    TABLE 61 COMPRESSED AIR FILTER AND DRYER MARKET FOR AUTOMOTIVE INDUSTRY, BY PRODUCT, 2022–2027 (USD MILLION)
                    TABLE 62 COMPRESSED AIR FILTER AND DRYER MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 63 COMPRESSED AIR FILTER AND DRYER MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2022–2027 (USD MILLION)
    9.3 OIL & GAS
           9.3.1 GROWING ADVANCEMENTS IN DRILLING TECHNIQUES AND OIL REFINEMENT PROCESSES TO DRIVE GROWTH OF COMPRESSED AIR FILTER AND DRYER MARKET
                    TABLE 64 COMPRESSED AIR FILTER AND DRYER MARKET FOR OIL & GAS INDUSTRY, BY PRODUCT, 2018–2021 (USD MILLION)
                    TABLE 65 COMPRESSED AIR FILTER AND DRYER MARKET FOR OIL & GAS INDUSTRY, BY PRODUCT, 2022–2027 (USD MILLION)
                    TABLE 66 COMPRESSED AIR FILTER AND DRYER MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 67 COMPRESSED AIR FILTER AND DRYER MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2022–2027 (USD MILLION)
    9.4 CHEMICALS
           9.4.1 REQUIREMENT FOR HIGH-QUALITY COMPRESSED AIR TO PROPEL MARKET GROWTH
                    TABLE 68 COMPRESSED AIR FILTER AND DRYER MARKET FOR CHEMICALS INDUSTRY, BY PRODUCT, 2018–2021 (USD MILLION)
                    TABLE 69 COMPRESSED AIR FILTER AND DRYER MARKET FOR CHEMICALS INDUSTRY, BY PRODUCT, 2022–2027 (USD MILLION)
                    TABLE 70 COMPRESSED AIR FILTER AND DRYER MARKET FOR CHEMICALS INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 71 COMPRESSED AIR FILTER AND DRYER MARKET FOR CHEMICALS INDUSTRY, BY REGION, 2022–2027 (USD MILLION)
    9.5 POWER GENERATION
           9.5.1 TEMPERATURE REGULATION IS OBTAINED BY COMPRESSED AIR DRYERS AND FILTERS IN POWER PLANTS
                    TABLE 72 COMPRESSED AIR FILTER AND DRYER MARKET FOR POWER GENERATION INDUSTRY, BY PRODUCT, 2018–2021 (USD MILLION)
                    TABLE 73 COMPRESSED AIR FILTER AND DRYER MARKET FOR POWER GENERATION INDUSTRY, BY PRODUCT, 2022–2027 (USD MILLION)
                    TABLE 74 COMPRESSED AIR FILTER AND DRYER MARKET FOR POWER GENERATION INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 75 COMPRESSED AIR FILTER AND DRYER MARKET FOR POWER GENERATION INDUSTRY, BY REGION, 2022–2027 (USD MILLION)
    9.6 FOOD & BEVERAGES
           9.6.1 GROWING NEED FOR COMPRESSED AIR IN PACKAGING, FOOD MIXING, AND BOTTLING TO SUPPORT MARKET GROWTH
                    TABLE 76 COMPRESSED AIR FILTER AND DRYER MARKET FOR FOOD & BEVERAGES INDUSTRY, BY PRODUCT, 2018–2021 (USD MILLION)
                    TABLE 77 COMPRESSED AIR FILTER AND DRYER MARKET FOR FOOD & BEVERAGES INDUSTRY, BY PRODUCT, 2022–2027 (USD MILLION)
                    TABLE 78 COMPRESSED AIR FILTER AND DRYER MARKET FOR FOOD & BEVERAGES INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 79 COMPRESSED AIR FILTER AND DRYER MARKET FOR FOOD & BEVERAGES INDUSTRY, BY REGION, 2022–2027 (USD MILLION)
    9.7 METALS & MACHINERY
           9.7.1 RISING DEMAND FOR OIL-FREE AIR ENVIRONMENT IN PRODUCTION OF PRECIOUS METALS TO DRIVE GROWTH OF COMPRESSED AIR FILTER AND DRYER MARKET
                    TABLE 80 COMPRESSED AIR FILTER AND DRYER MARKET FOR METALS & MACHINERY INDUSTRY, BY PRODUCT, 2018–2021 (USD MILLION)
                    TABLE 81 COMPRESSED AIR FILTER AND DRYER MARKET FOR METALS & MACHINERY INDUSTRY, BY PRODUCT, 2022–2027 (USD MILLION)
                    TABLE 82 COMPRESSED AIR FILTER AND DRYER MARKET FOR METALS & MACHINERY INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 83 COMPRESSED AIR FILTER AND DRYER MARKET FOR METALS & MACHINERY INDUSTRY, BY REGION, 2022–2027 (USD MILLION)
    9.8 PHARMACEUTICALS
           9.8.1 GROWING NEED FOR COMPRESSED AIR IN PHARMACEUTICAL APPLICATIONS WILL DRIVE MARKET FOR COMPRESSED AIR FILTER AND DRYER
                    TABLE 84 COMPRESSED AIR FILTER AND DRYER MARKET FOR PHARMACEUTICALS INDUSTRY, BY PRODUCT, 2018–2021 (USD MILLION)
                    TABLE 85 COMPRESSED AIR FILTER AND DRYER MARKET FOR PHARMACEUTICALS INDUSTRY, BY PRODUCT, 2022–2027 (USD MILLION)
                    TABLE 86 COMPRESSED AIR FILTER AND DRYER MARKET FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 87 COMPRESSED AIR FILTER AND DRYER MARKET FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2022–2027 (USD MILLION)
    9.9 ELECTRONICS
           9.9.1 INCREASING DEMAND FOR HIGHEST PURITY STANDARDS OF COMPRESSED AIR IN ELECTRONICS INDUSTRY TO FUEL MARKET GROWTH
                    TABLE 88 COMPRESSED AIR FILTER AND DRYER MARKET FOR ELECTRONICS INDUSTRY, BY PRODUCT, 2018–2021 (USD MILLION)
                    TABLE 89 COMPRESSED AIR FILTER AND DRYER MARKET FOR ELECTRONICS INDUSTRY, BY PRODUCT, 2022–2027 (USD MILLION)
                    TABLE 90 COMPRESSED AIR FILTER AND DRYER MARKET FOR ELECTRONICS INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 91 COMPRESSED AIR FILTER AND DRYER MARKET FOR ELECTRONICS INDUSTRY, BY REGION, 2022–2027 (USD MILLION)
    9.10 OTHERS
           TABLE 92 COMPRESSED AIR FILTER AND DRYER MARKET FOR OTHER INDUSTRIES, BY PRODUCT, 2018–2021 (USD MILLION)
           TABLE 93 COMPRESSED AIR FILTER AND DRYER MARKET FOR OTHER INDUSTRIES, BY PRODUCT, 2022–2027 (USD MILLION)
           TABLE 94 COMPRESSED AIR FILTER AND DRYER MARKET FOR OTHER INDUSTRIES, BY REGION, 2018–2021 (USD MILLION)
           TABLE 95 COMPRESSED AIR FILTER AND DRYER MARKET FOR OTHER INDUSTRIES, BY REGION, 2022–2027 (USD MILLION)

10 GEOGRAPHIC ANALYSIS (Page No. - 129)
     10.1 INTRODUCTION
               FIGURE 43 COMPRESSED AIR FILTER AND DRYER MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING 2022–2027
               TABLE 96 COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2018–2021 (USD BILLION)
               TABLE 97 COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2022–2027 (USD BILLION)
     10.2 NORTH AMERICA
               FIGURE 44 NORTH AMERICA: COMPRESSED AIR FILTER AND DRYER MARKET SNAPSHOT
               TABLE 98 COMPRESSED AIR FILTER & DRYER MARKET IN NORTH AMERICA, BY PRODUCT, 2018–2021 (USD MILLION)
               TABLE 99 COMPRESSED AIR FILTER & DRYER MARKET IN NORTH AMERICA, BY PRODUCT, 2022–2027 (USD MILLION)
               TABLE 100 COMPRESSED AIR FILTER AND DRYER MARKET IN NORTH AMERICA, BY INDUSTRY, 2018–2021 (USD MILLION)
               TABLE 101 COMPRESSED AIR FILTER AND DRYER MARKET IN NORTH AMERICA, BY INDUSTRY, 2022–2027 (USD MILLION)
               TABLE 102 COMPRESSED AIR FILTER & DRYER MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 103 COMPRESSED AIR FILTER & DRYER MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
             10.2.1 US
                       10.2.1.1 Growing demand for electric vehicles to fuel market growth in US
             10.2.2 CANADA
                       10.2.2.1 Oil & gas and power are major contributors to market growth in Canada
             10.2.3 MEXICO
                       10.2.3.1 Increasing investments in automotive industry to propel market growth in Mexico
     10.3 EUROPE
               FIGURE 45 EUROPE: COMPRESSED AIR FILTER AND DRYER MARKET SNAPSHOT
               TABLE 104 COMPRESSED AIR FILTER & DRYER MARKET IN EUROPE, BY PRODUCT, 2018–2021 (USD MILLION)
               TABLE 105 COMPRESSED AIR FILTER & DRYER MARKET IN EUROPE, BY PRODUCT, 2022–2027 (USD MILLION)
               TABLE 106 COMPRESSED AIR FILTER AND DRYER MARKET IN EUROPE, BY INDUSTRY, 2018–2021 (USD MILLION)
               TABLE 107 COMPRESSED AIR FILTER AND DRYER MARKET IN EUROPE, BY INDUSTRY, 2022–2027 (USD MILLION)
               TABLE 108 COMPRESSED AIR FILTER & DRYER MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 109 COMPRESSED AIR FILTER & DRYER MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
             10.3.1 GERMANY
                       10.3.1.1 Automotive industry to fuel market growth in Germany
             10.3.2 UK
                       10.3.2.1 Growing emphasis on quality standards in food & beverages industry to drive market growth
             10.3.3 FRANCE
                       10.3.3.1 Power sector to provide growth opportunities for market in France
             10.3.4 ITALY
                       10.3.4.1 Growing pharmaceuticals industry in Italy to aid growth of compressed air filter and dryer market
             10.3.5 REST OF EUROPE
     10.4 ASIA PACIFIC
               TABLE 110 COMPRESSED AIR FILTER AND DRYER MARKET IN ASIA PACIFIC, BY PRODUCT, 2018–2021 (USD MILLION)
               TABLE 111 COMPRESSED AIR FILTER AND DRYER MARKET IN ASIA PACIFIC, BY PRODUCT, 2022–2027 (USD MILLION)
               TABLE 112 COMPRESSED AIR FILTER AND DRYER MARKET IN ASIA PACIFIC, BY INDUSTRY, 2018–2021 (USD MILLION)
               TABLE 113 COMPRESSED AIR FILTER AND DRYER MARKET IN ASIA PACIFIC, BY INDUSTRY, 2022–2027 (USD MILLION)
               TABLE 114 COMPRESSED AIR FILTER & DRYER MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 115 COMPRESSED AIR FILTER & DRYER MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
             10.4.1 CHINA
                       10.4.1.1 Growing electronics industry to drive market growth in China
             10.4.2 JAPAN
                       10.4.2.1 Metals & machinery and automotive industries are largest contributors to market in Japan
             10.4.3 INDIA
                       10.4.3.1 Market growth in India majorly propelled by pharmaceuticals and electronics industries
             10.4.4 REST OF ASIA PACIFIC
     10.5 REST OF THE WORLD
               TABLE 116 COMPRESSED AIR FILTER AND DRYER MARKET IN REST OF THE WORLD, BY PRODUCT, 2018–2021 (USD MILLION)
               TABLE 117 COMPRESSED AIR FILTER AND DRYER MARKET IN REST OF THE WORLD, BY PRODUCT, 2022–2027 (USD MILLION)
               TABLE 118 COMPRESSED AIR FILTER AND DRYER MARKET IN REST OF THE WORLD, BY INDUSTRY, 2018–2021 (USD MILLION)
               TABLE 119 COMPRESSED AIR FILTER AND DRYER MARKET IN REST OF THE WORLD, BY INDUSTRY, 2022–2027 (USD MILLION)
               TABLE 120 COMPRESSED AIR FILTER & DRYER MARKET IN REST OF THE WORLD, BY REGION, 2018–2021 (USD MILLION)
               TABLE 121 COMPRESSED AIR FILTER & DRYER MARKET IN REST OF THE WORLD, BY REGION, 2022–2027 (USD MILLION)
             10.5.1 SOUTH AMERICA
                       10.5.1.1 Brazil is major contributor to market growth in South America
             10.5.2 MIDDLE EAST
                       TABLE 122 COMPRESSED AIR FILTER & DRYER MARKET IN MIDDLE EAST, BY COUNTRY, 2018–2021 (USD MILLION)
                       TABLE 123 COMPRESSED AIR FILTER & DRYER MARKET IN MIDDLE EAST, BY COUNTRY, 2022–2027 (USD MILLION)
                       10.5.2.1 Saudi Arabia
                                   10.5.2.1.1 Growing crude oil production is prominent driver for market growth in Saudi Arabia
                       10.5.2.2 UAE
                                   10.5.2.2.1 Several offshore field developments in UAE to support market growth
                       10.5.2.3 Rest of Middle East
             10.5.3 AFRICA
                       10.5.3.1 Automotive and pharmaceuticals are major contributors to market growth in Africa

11 COMPETITIVE LANDSCAPE (Page No. - 151)
     11.1 OVERVIEW
     11.2 KEY PLAYER STRATEGIES/ RIGHT TO WIN
               TABLE 124 OVERVIEW OF STRATEGIES ADOPTED BY COMPRESSED AIR FILTER AND DRYER VENDORS
     11.3 REVENUE ANALYSIS OF TOP 5 COMPANIES
               FIGURE 47 5-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN COMPRESSED AIR FILTER AND DRYER MARKET
     11.4 MARKET SHARE ANALYSIS (2021)
               TABLE 125 COMPRESSED AIR FILTER AND DRYER MARKET: MARKET SHARE ANALYSIS (2021)
     11.5 COMPANY EVALUATION QUADRANT, 2021
             11.5.1 STAR
             11.5.2 PERVASIVE
             11.5.3 EMERGING LEADER
             11.5.4 PARTICIPANT
                       FIGURE 48 COMPRESSED AIR FILTER AND DRYER MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2021
     11.6 SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION QUADRANT, 2021
             11.6.1 PROGRESSIVE
             11.6.2 RESPONSIVE
             11.6.3 DYNAMIC
             11.6.4 STARTING BLOCK
                       FIGURE 49 COMPRESSED AIR FILTER AND DRYER MARKET (GLOBAL) SME EVALUATION QUADRANT, 2021
     11.7 COMPRESSED AIR FILTER AND DRYER MARKET: COMPANY FOOTPRINT
               TABLE 126 COMPANY FOOTPRINT
               FIGURE 50 COMPANY INDUSTRY FOOTPRINT
               TABLE 127 COMPANY PRODUCT TYPE FOOTPRINT
               TABLE 128 COMPANY REGION FOOTPRINT
     11.8 COMPRESSED AIR FILTER AND DRYER MARKET: SME MATRIX
               FIGURE 51 COMPRESSED AIR FILTER AND DRYER MARKET: DETAILED LIST OF KEYS STARTUPS/SMES
               FIGURE 52 COMPRESSED AIR FILTER AND DRYER MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     11.9 COMPETITIVE SCENARIO
               TABLE 129 COMPRESSED AIR FILTER AND DRYER MARKET: PRODUCT LAUNCHES, 2020−2021
               TABLE 130 COMPRESSED AIR FILTER AND DRYER MARKET: DEALS, 2021

12 COMPANY PROFILES (Page No. - 165)
     12.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats)*
             12.1.1 ATLAS COPCO
                       TABLE 131 ATLAS COPCO: BUSINESS OVERVIEW
                       FIGURE 53 ATLAS COPCO: COMPANY SNAPSHOT
                       TABLE 132 ATLAS COPCO: PRODUCT OFFERING
                       TABLE 133 ATLAS COPCO: PRODUCT LAUNCHES
                       TABLE 134 ATLAS COPCO: DEALS
             12.1.2 INGERSOLL RAND
                       TABLE 135 INGERSOLL RAND: BUSINESS OVERVIEW
                       FIGURE 54 INGERSOLL RAND: COMPANY SNAPSHOT
                       TABLE 136 INGERSOLL RAND: PRODUCT OFFERINGS
                       TABLE 137 INGERSOLL RAND: PRODUCT LAUNCHES
                       TABLE 138 INGERSOLL RAND: DEALS
             12.1.3 PARKER-HANNIFIN
                       TABLE 139 PARKER-HANNIFIN: BUSINESS OVERVIEW
                       FIGURE 55 PARKER-HANNIFIN: COMPANY SNAPSHOT
                       TABLE 140 PARKER-HANNIFIN: PRODUCT OFFERINGS
                       TABLE 141 PARKER-HANNIFIN: PRODUCT LAUNCHES
             12.1.4 PENTAIR
                       TABLE 142 PENTAIR: BUSINESS OVERVIEW
                       FIGURE 56 PENTAIR: COMPANY SNAPSHOT
                       TABLE 143 PENTAIR: PRODUCT OFFERINGS
                       TABLE 144 PENTAIR: PRODUCT LAUNCHES
             12.1.5 DONALDSON COMPANY
                       TABLE 145 DONALDSON COMPANY: BUSINESS OVERVIEW
                       FIGURE 57 DONALDSON COMPANY: COMPANY SNAPSHOT
                       TABLE 146 DONALDSON COMPANY: PRODUCT OFFERINGS
                       TABLE 147 DONALDSON COMPANY: PRODUCT LAUNCHES
                       TABLE 148 DONALDSON COMPANY: DEALS
             12.1.6 BOGE KOMPRESSOREN
                       TABLE 149 BOGE KOMPRESSOREN: BUSINESS OVERVIEW
                       TABLE 150 BOGE KOMPRESSOREN: PRODUCT OFFERINGS
                       TABLE 151 BOGE KOMPRESSOREN: PRODUCT LAUNCHES
             12.1.7 KAESER KOMPRESSOREN
                       TABLE 152 KAESER KOMPRESSOREN: BUSINESS OVERVIEW
                       TABLE 153 KAESER KOMPRESSOREN: PRODUCT OFFERINGS
                       TABLE 154 KAESER KOMPRESSOREN: PRODUCT LAUNCHES
             12.1.8 SPX FLOW
                       TABLE 155 SPX FLOW: BUSINESS OVERVIEW
                       FIGURE 58 SPX FLOW: COMPANY SNAPSHOT
                       TABLE 156 SPX FLOW: PRODUCT OFFERINGS
             12.1.9 SULLAIR
                       TABLE 157 SULLAIR: BUSINESS OVERVIEW
                       TABLE 158 SULLAIR: PRODUCT OFFERINGS
             12.1.10 SULLIVAN-PALATEK
                       TABLE 159 SULLIVAN-PALATEK: BUSINESS OVERVIEW
                       TABLE 160 SULLIVAN-PALATEK: PRODUCT OFFERINGS
     12.2 OTHER PLAYERS
             12.2.1 MIKROPOR MAKINA SANAYI VE TICARET
                       TABLE 161 MIKROPOR MAKINA SANAYI VE TICARET: COMPANY OVERVIEW
             12.2.2 BEKO TECHNOLOGIES
                       TABLE 162 BEKO TECHNOLOGIES: COMPANY OVERVIEW
             12.2.3 VAN AIR SYSTEMS
                       TABLE 163 VAN AIR SYSTEMS: COMPANY OVERVIEW
             12.2.4 ING. ENEA MATTEI
                       TABLE 164 ING. ENEA MATTEI: COMPANY OVERVIEW
             12.2.5 PRECISION FILTRATION PRODUCTS
                       TABLE 165 PRECISION FILTRATION PRODUCTS: COMPANY OVERVIEW
             12.2.6 OMEGA AIR INŽENIRING D.O.O. LJUBLJANA
                       TABLE 166 OMEGA AIR INŽENIRING D.O.O. LJUBLJANA: COMPANY OVERVIEW
             12.2.7 ALMIG KOMPRESSOREN
                       TABLE 167 ALMIG KOMPRESSOREN: COMPANY OVERVIEW
             12.2.8 PREVOST
                       TABLE 168 PREVOST: COMPANY OVERVIEW
             12.2.9 BAUER COMP HOLDING
                       TABLE 169 BAUER COMP HOLDING: COMPANY OVERVIEW
             12.2.10 AIRFILTER ENGINEERING
                       TABLE 170 AIRFILTER ENGINEERING: COMPANY OVERVIEW
             12.2.11 ATS S.R.L.
                       TABLE 171 ATS S.R.L.: COMPANY OVERVIEW
             12.2.12 WALKER FILTRATION
                       TABLE 172 WALKER FILTRATION: COMPANY OVERVIEW
             12.2.13 ALTEC
                       TABLE 173 ALTEC: COMPANY OVERVIEW
             12.2.14 FST GMBH
                       TABLE 174 FST GMBH: COMPANY OVERVIEW
             12.2.15 GENERON
                       TABLE 175 GENERON: COMPANY OVERVIEW

*Details on Business Overview, Products Offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats might not be captured in case of unlisted companies.

13 ADJACENT AND RELATED MARKET (Page No. - 209)
     13.1 INDUSTRIAL REFRIGERATION SYSTEM MARKET
     13.2 INTRODUCTION
               TABLE 176 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY COMPONENT, 2017–2020 (USD MILLION)
               FIGURE 59 COMPRESSORS TO LEAD INDUSTRIAL REFRIGERATION SYSTEM MARKET DURING FORECAST PERIOD
               TABLE 177 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY COMPONENT, 2021–2026 (USD MILLION)
     13.3 COMPRESSORS
               TABLE 178 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR COMPRESSORS, BY TYPE, 2017–2020 (USD MILLION)
               FIGURE 60 SCREW COMPRESSORS TO COMMAND INDUSTRIAL REFRIGERATION SYSTEM MARKET DURING FORECAST PERIOD
               TABLE 179 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR COMPRESSORS, BY TYPE, 2021–2026 (USD MILLION)
               TABLE 180 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR COMPRESSORS, BY REGION, 2017–2020 (USD MILLION)
               TABLE 181 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR COMPRESSORS, BY REGION, 2021–2026 (USD MILLION)
               TABLE 182 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR COMPRESSORS, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 183 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR COMPRESSORS, BY APPLICATION, 2021–2026 (USD MILLION)
             13.3.1 RECIPROCATING COMPRESSORS
                       13.3.1.1 Advantages such as low cost and high efficiency of reciprocating compressors to accelerate market growth
                                   TABLE 184 INDUSTRIAL REFRIGERATION RECIPROCATING COMPRESSOR MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                   FIGURE 61 MARKET FOR SEMI-HERMETIC RECIPROCATING COMPRESSORS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                                   TABLE 185 INDUSTRIAL REFRIGERATION RECIPROCATING COMPRESSOR MARKET, BY TYPE, 2021–2026 (USD MILLION)
                       13.3.1.2 Semi-hermetic type
                       13.3.1.3 Hermetic type
                       13.3.1.4 Open type
             13.3.2 SCREW COMPRESSORS
                       13.3.2.1 Characteristics such as higher capacity output, larger compression ratios, and smoother control to deliver energy savings to propel growth of screw compressors
                       13.3.2.2 Single-screw compressors
                       13.3.2.3 Twin-screw compressors
     13.4 CONDENSERS
               TABLE 186 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONDENSERS, BY TYPE, 2017–2020 (USD MILLION)
               FIGURE 62 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR EVAPORATIVE CONDENSERS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
               TABLE 187 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONDENSERS, BY TYPE, 2021–2026 (USD MILLION)
               TABLE 188 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONDENSERS, BY REGION, 2017–2020 (USD MILLION)
               TABLE 189 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONDENSERS, BY REGION, 2021–2026 (USD MILLION)
               TABLE 190 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONDENSERS, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 191 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONDENSERS, BY APPLICATION, 2021–2026 (USD MILLION)
             13.4.1 AIR-COOLED CONDENSERS
                       13.4.1.1 Air-cooled condensers offer easy installation and low/less water consumption
             13.4.2 WATER-COOLED CONDENSERS
                       13.4.2.1 Benefits such as higher efficiency and smaller space requirement to propel market growth
             13.4.3 EVAPORATIVE CONDENSERS
                       13.4.3.1 Evaporative condensers to continue to dominate industrial refrigeration condenser market during forecast period
     13.5 EVAPORATORS
             13.5.1 APAC TO GROW AT HIGHEST CAGR FOR EVAPORATORS DURING FORECAST PERIOD
             13.5.2 BY COOLING TYPE
                       13.5.2.1 Air-cooled evaporators
             13.5.3 BY DESIGN TYPE
                       13.5.3.1 Bare tube evaporators
                       13.5.3.2 Plate type evaporators
                       13.5.3.3 Finned evaporators
                       13.5.3.4 Shell and tube type evaporators
                                   TABLE 192 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR EVAPORATORS, BY REGION, 2017–2020 (USD MILLION)
                                   FIGURE 63 APAC TO RECORD HIGHEST CAGR IN INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR EVAPORATORS DURING FORECAST PERIOD
                                   TABLE 193 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR EVAPORATORS, BY REGION, 2021–2026 (USD MILLION)
                                   TABLE 194 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR EVAPORATORS, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 195 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR EVAPORATORS, BY APPLICATION, 2021–2026 (USD MILLION)
     13.6 CONTROLS
             13.6.1 CONTROL SYSTEMS HELP REMOTELY MONITOR INDUSTRIAL REFRIGERATION SYSTEMS, THEREBY LOWERING OPERATING & MAINTENANCE COSTS
             13.6.2 COMPRESSOR CONTROLS
             13.6.3 CONDENSER CONTROLS
             13.6.4 EVAPORATOR CONTROLS
                       TABLE 196 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONTROLS, BY REGION, 2017–2020 (USD MILLION)
                       FIGURE 64 NORTH AMERICA TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONTROLS DURING FORECAST PERIOD
                       TABLE 197 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONTROLS, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 198 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONTROLS, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 199 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONTROLS, BY APPLICATION, 2021–2026 (USD MILLION)
     13.7 VESSELS, PUMPS, VALVES, AND AUXILIARY EQUIPMENT
             13.7.1 REFRIGERATED WAREHOUSE & FOOD PROCESSING INDUSTRY TO CREATE NEW MARKET OPPORTUNITIES FOR VESSELS, PUMPS, VALVES, AND AUXILIARY EQUIPMENT
                       TABLE 200 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR VESSELS, PUMPS, VALVES, & AUXILIARY EQUIPMENT, BY REGION, 2017–2020 (USD MILLION)
                       FIGURE 65 APAC TO WITNESS HIGHEST CAGR IN INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR VESSELS, PUMPS, VALVES, & AUXILIARY EQUIPMENT DURING FORECAST PERIOD
                       TABLE 201 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR VESSELS, PUMPS, VALVES, & AUXILIARY EQUIPMENT, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 202 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR VESSELS, PUMPS, VALVES, & AUXILIARY EQUIPMENT, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 203 INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR VESSELS, PUMPS, VALVES, & AUXILIARY EQUIPMENT, BY APPLICATION, 2021–2026 (USD MILLION)

14 APPENDIX (Page No. - 231)
     14.1 INSIGHTS OF INDUSTRY EXPERTS
     14.2 DISCUSSION GUIDE
     14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.4 AVAILABLE CUSTOMIZATIONS
     14.5 RELATED REPORTS
     14.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the compressed air filter and dryer market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments. Two sources of information—secondary and primary—have been used to identify and collect information for an extensive technical and commercial study of the compressed air filter and dryer market.

Secondary Research

Secondary sources include company websites, magazines, industry news, associations, and databases (Factiva and Bloomberg). These secondary sources include annual reports, press releases, and investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.

The impact and implication of COVID-19 on various industries, as well as compressed air filter and dryer market, have also been discussed in this section. Various secondary sources include corporate filings such as annual reports, investor presentations, and financial statements, trade, business and professional associations, white papers, manufacturing associations, and more.

Primary Research

Primary sources mainly consist of several experts from the core and related industries, along with preferred compressed air filter and dryer providers, distributors, alliances, standards, and certification organizations related to various segments of this industry’s value chain.

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply-side included various industry experts (with a key focus on the impact of COVID-19), such as Chief Experience 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 (Sweden), Ingersoll Rand (US), Parker-Hannifin (US), Pentair (UK), and Donaldson Company (US); research organizations, distributors, industry associations, and key opinion leaders. Following is the breakdown of primary respondents.

The breakdown of primary respondents is provided below.

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

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the compressed air filter and dryer market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following research methodology has been used to estimate the market size:

  • Major players in the industry and markets have been identified through extensive secondary research.
  • The industry’s value chain and market size (in terms of value) have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. The market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Report Objectives

  • To define, describe and forecast the compressed air filter and dryer market, in terms of product, and industry.
  • To describe and forecast the market, in terms of value, with regard to four main regions: North America, Europe, Asia Pacific, and Rest of the World along with their respective countries
  • To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To provide a detailed overview of the value chain of compressed air filter and dryer
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the compressed air filter and dryer market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the compressed air filter and dryer.
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for market leaders
  • To analyze competitive strategies, such as product launches and acquisitions, adopted by key market players in the compressed air filter and dryer market

Available Customizations:

Based on the given market data, MarketsandMarkets offers customizations in the reports according to the client’s specific requirements. The available customization options are as follows:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
SE 7536
Published ON
Feb, 2022
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