Air compressor filters and compressed air dryers encompass a range of products specifically designed to enhance the quality and efficiency of air delivered by air compressors in industrial and commercial settings.
The air compressor filters and compressed air dryer market consists of sales, by entities (organizations, sole traders and partnerships), of air compressor filters and compressed air dryers that are crucial in protecting compressed air systems from contaminants and moisture, which can lead to equipment degradation, operational inefficiency and product quality issues.
The global air compressor filter and compressed air dryer market was valued at $3,978.86 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 5.0%.
Rising Industrialization
During the historic period, rising industrialization propelled the growth of the air compressor filter and compressed air dryer market. As industries mechanized and expanded, the need for compressed air surged as they are used in diverse applications like powering tools and machinery. For instance, in October 2023, according to the Board of Governors of the Federal Reserve System, a US-based governing body of the Federal Reserve System, in September, industrial production in the USA saw a 0.3% increase and over the third quarter of 2023, it advanced at an annual rate of 2.5%. Manufacturing output experienced a 0.4% rise in September 2023, while the mining index also increased by 0.4%. Therefore, rising industrialization drove the growth of the air compressor filter and compressed air dryer market.
Launch Of Innovative Products To Meet Environmental Demands
Companies in the air compressor filter and compressed air dryer markets are developing innovative products to meet the growing demand for sustainable products and reduce their environmental impact. Innovative products can attract new consumer segments who may not have traditionally considered air compressor filters and compressed air dryers. For instance, in April 2023, ROTAIR SPA, an Italy-based portable compressor, electric compressor and multi-functional dumper manufacturing company, launched its MDVN34E and MDVN32B portable air compressors. The MDVN34E electric portable air compressor provided 3400 liters/minute of compressed air for construction sites without diesel engine usage, allowing operation in areas with engine bans. The MDVN32B petrol variant delivered 3200 liters/min with comparable performance and cost savings. Furthermore, in March 2023, ELGi Compressors USA Inc., a US-based air compressor filter and compressed air dryer manufacturing company, introduced the new GP35FP portable compressor at the Las Vegas Convention Center. With this addition, ELGi's array of portable air compressors now includes nine models, with cubic feet per minute (CFM) ratings ranging from 35 to 900.
The global air compressor filter and compressed air dryer market is fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up 6.85% of the total market in 2022.
Air Compressor Filter And Compressed Air Dryer Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global air compressor filters and compressed air dryer market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for air compressor filters and compressed air dryer? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The air compressor filters and compressed air dryer market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider air compressor filters and compressed air dryer market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product type, by application and by industry vertical.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the air compressor filter and compressed air dryer market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by product type, by application and by industry vertical in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for air compressor filters and compressed air dryer providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Product: Compressed Air Dryers; Compressed Air Filters
- 2) By Application: Condensed Water Removal; Oil Removal; Particulate Removal; Other Applications
- 3) By Industry Vertical: Automotive; Oil And Gas; Food And Beverages; Metals And Machinery; Pharmaceuticals; Chemicals; Other Industries
- Companies Mentioned: Atlas Copco AB; Pentair; Hitachi, Ltd.; 3M Company; Eaton Corporation plc
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia.
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; air compressor filters and compressed air dryer indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.