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.
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. These companies offer compressed air filters and dryers and related solutions and have operations worldwide. They focus on product launches and acquisitions to expand their footprints through product innovation and extend their business reach.
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Top 3 Players in Compressed Air Filter and Dryer Market:
Atlas Copco is a leading provider of compressors, vacuum solutions, generators, pumps, power tools, and assembly systems in the global compressed air filter and dryer market. The company’s business mix comprises four segments, namely, Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique.
Atlas Copco provides air filter and dryer products and services through the Compressor Technique segment. The products offered by the company in the air dryer portfolio comprise desiccant air dryers, refrigerated air dryers, and membrane air dryers. The air filter portfolio provides products such as SFA silicone-free filters, coalescing filters, high-pressure filters, carbon tower filters, and oil vapor filters.
Ingersoll Rand is a pioneer in market-leading solutions and services for pneumatic equipment and compressed air and gas systems, operating in all major industry verticals. The company’s business mix consists of four segments, namely, Industrial Technologies and Services, Specialty Vehicle Technologies, Precision and Science Technologies, and High Pressure Solutions. In April 2019, Ingersoll Rand and Gardner Denver entered a merger for Ingersoll’s compressed air and gas divisions.
The company offers compressed air filters and dryers under the Industrial Technologies and Services segment. The compressed air filter portfolio consists of the F-series filters and coalescing filters. The compressed air dryer portfolio consists of desiccant dryers, refrigerated air dryers, and subfreezing dryers. The company has various brands under its brand portfolio, such as ZEKS Compressed Air Solutions, LLC, Gardner Denver iConn, CompAir, and others. These brands also provide compressed air dryers and filters to industries.
Parker-Hannifin is an innovator of compressed air treatment systems. It is instrumental in the development of both international standards for compressed air and filter testing and continues to work closely on new standards with governing bodies such as the British Compressed Air Society (BCAS); International Organization for Standardization (ISO); European Association of Manufacturers of Compressors, Vacuum Pumps, Pneumatic Tools and Air & Condensate Treatment Equipment (PNEUROP); and Compressed Air and Gas Institute (CAGI). The company’s business mix consists of two main segments, namely, Diversified Industrial and Aerospace Systems.
Parker-Hannifin provides compressed air filter and dryer products under the Diversified Industrial segments. The compressed air dryer portfolio consists of desiccant dryers, refrigerated dryers, membrane dryers, gas dryers, and hybrid dryers. The compressed air filter portfolio comprises coalescing filters, activated carbon absorbers, particulate filters, and high-pressure filters.
Compressed Air Filter and Dryer Market with COVID-19 Impact Analysis by Product (Air Dryer (Refrigeration, Desiccant, Deliquescent, Membrane), Air Filter (Particulate, Coalescing, Compressed Intake, Activated)), Industry & Region - Global Forecast to 2027
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