Air Compressor Filter and Compressed Air Dryer Market

Atlas Copco (Sweden) and Ingersoll-Rand (US) are Leading Players in the Air Compressor Filter and Compressed Air Dryer Market

Compressed air is a vital resource used in almost every industry vertical. The need for compressed air has been increasing due to the development of new technologies related to compressed air treatment across various industry verticals. Air compressor filters and compressed air dryers have become vital owing to the increasing use of compressed air in different industries such as automotive, oil & gas, chemicals, food & beverages, and pharmaceuticals. Air compressor filters and compressed air dryers are used for filtering contaminants and keeping the compressed air dry while regulating the system temperature. Critical applications require a different class of air, where air compressor filters and compressed air dryers help in achieving it.

The air compressor filter and compressed air dryer market is projected to reach USD 7.5 billion by 2025 from USD 5.4 billion in 2020; growing at a CAGR of 7.0% during the forecast period. Atlas Copco (Sweden), Ingersoll-Rand (US), Parker-Hannifin (US), Mann+Hummel (Germany), and Donaldson Company (US) are the leading players in the air compressor filter and compressed air dryer market.

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

Atlas Copco (Sweden)

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

Ingersoll-Rand (US)

Ingersoll-Rand is a pioneer in market-leading solutions and services for pneumatic equipment and compressed air & gas systems, operating in all major industry verticals. Ingersoll-Rand is one of the key players involved in the manufacturing of air compressor filters and compressed air dryers. The company has a strong presence in North America, with ~68% of revenue generated from this region in 2018. It could focus on other geographies such as Europe and APAC for improved revenue avenues. Ingersoll-Rand is also specialized in the production of centrifugal compressors. Ingersoll-Rand’s merger with Gardner Denver for the compressed air segment is expected to create a tremendous growth in the air compressor industry. Ingersoll-Rand has been focusing on both organic and inorganic strategies for increasing its market share in the air compressor filter and compressed air dryer industry. These strategic moves are poised to make Ingersoll-Rand the second-largest company in the compressors industry.

Related Reports:

Air Compressor Filter and Compressed Air Dryer Market by Product (Air Dryers (Refrigeration, Desiccant, Deliquescent, Membrane), Air Filters (Particulate, Coalescing, Compressed Intake, Activated Carbon)), Industry, and Region- Global Forecast to 2025

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
SE 7536
RI Published ON
2/12/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Air Compressor Filter and Compressed Air Dryer Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved