Air Compressor Filter & Compressed Air Dryer Global Market Report 2024

An air compressor filter and compressed air dryer are essential components designed to purify atmospheric air by removing impurities like dust, oil, moisture, and other harmful substances, ensuring that the resulting compressed air is suitable for various applications.

Within the domain of air compressor filters and compressed air dryers, the primary product categories include compressed air dryers and compressed air filters. Compressed air dryers play a crucial role in air compressors by eliminating moisture, thereby preventing condensation and rust issues within the compressors. These products cater to a range of applications, such as the removal of condensed water, oil, particulates, and more. Industries across automotive, oil and gas, food and beverages, power generation, metals and machinery, pharmaceuticals, electronics, chemicals, and other sectors extensively utilize these solutions for their specific needs.

The air compressor filter & compressed air dryer market research report is one of a series of new reports that provides air compressor filter & compressed air dryer market statistics, including air compressor filter & compressed air dryer industry global market size, regional shares, competitors with air compressor filter & compressed air dryer market share, detailed air compressor filter & compressed air dryer market segments, market trends, and opportunities, and any further data you may need to thrive in the air compressor filter & compressed air dryer industry. This air compressor filter & compressed air dryer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The air compressor filter & compressed air dryer market size has grown strongly in recent years. It will grow from $3.69 billion in 2023 to $3.97 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth observed in the historic period can be attributed to various factors, including industrialization and manufacturing growth, the implementation of energy efficiency regulations, overall economic growth, heightened environmental concerns, and an increase in the electronics sector. These combined influences have played a significant role in shaping the positive trajectory witnessed during that time in the relevant industry.

The air compressor filter & compressed air dryer market size is expected to see strong growth in the next few years. It will grow to $5.35 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The anticipated growth in the forecast period can be attributed to several factors, including the adoption of Industry 4.0 practices, ongoing infrastructure development, an upswing in the automotive industry, aging equipment requiring upgrades, and the effects of rising urbanization. Key trends expected during this period involve the implementation of smart and connected systems, the adoption of modular and scalable solutions, the application of nanofiber technology, the utilization of remote monitoring and predictive maintenance techniques, and advancements in high-pressure air treatment. These trends underscore the industry's response to technological advancements and the evolving landscape of manufacturing and infrastructure development.

The anticipated growth in the pharmaceutical industry is set to drive the expansion of the air compressor filter and compressed air dryer market. As the pharmaceutical sector continues to advance in drug development and manufacturing, the need for high-quality air, free from contaminants like oil, water, and microorganisms, becomes paramount in ensuring the integrity of the final product. Manufacturers within this industry are making substantial investments in air filters and dryers to maintain product quality. Notably, the Indian pharmaceutical market, valued at USD 42 billion in 2021, is projected to reach USD 65 billion by 2024 and a staggering USD 120–130 billion by 2030, showing robust growth trends. Moreover, Germany's significant role in pharmaceutical production, contributing 4.5% globally in 2020, with anticipated growth in value-added output by more than 2% in 2023, underscores the driving force of pharmaceutical industry growth on the air compressor filter and compressed air dryer market.

The burgeoning trend of rapid industrialization is expected to fuel the expansion of the air compressor filter and compressed air dryer market. Industrialization, the shift from primarily agricultural economies to manufacturing-based economies, is driving sectors like manufacturing, automotive, and construction, necessitating clean and dry compressed air for various applications. This surge in demand for air compressor filters and dryers is crucial to ensure the efficient and safe operation of machinery and equipment. Notably, statistics from the Bureau of Economic Analysis (BEA) in the USA highlight the increase in private goods-producing industries by 4.7% and private services-producing industries by 7.8% in 2021. This overall surge in economic output across various industry groups signifies the pivotal role of industrialization in driving the demand for air compressor filters and compressed air dryers.

Innovations in product development stand out as a significant trend driving the air compressor filter and compressed air dryer market. Notable companies within the healthcare industry are actively developing new technologies to maintain their positions within this market. A case in point is Rotair SPA's recent introduction in April 2023 of the MDVN34E and MDVN32B portable air compressors. The MDVN34E electric portable air compressor caters to construction sites, offering 3400 liters/min of compressed air without using internal combustion engines, suitable for sites where diesel engines are restricted. Meanwhile, the MDVN32B petrol portable air compressor provides a 40HP petrol engine variant capable of delivering 3200 liters/min at a constant 7 bar within Stage V parameters, showcasing ongoing advancements in technology to meet evolving industry needs.

Prominent companies within the air compressor filter and compressed air dryer market are at the forefront of developing innovative products, including the Ultrapac Smart Dryer. This advanced solution is specifically designed to remove condensate and effectively dry compressed air streams in manufacturing facilities, employing a three-stage process of filtering, drying, and purifying. The resulting highly purified compressed air is a critical requirement in various food and beverage processing applications, including beer, bottled water, milk, wine, and yogurt. Notably, in March 2021, Donaldson Company Inc., a US-based manufacturer renowned for its innovative filtration products and solutions, introduced the Ultrapac Smart Dryer. Its design accommodates diverse spatial conditions, allowing for configurations that seamlessly integrate among large equipment, conveyor lines, and other machinery.

In a strategic move in June 2021, Xebec Adsorption Inc., a Canada-based provider of clean energy solutions, successfully acquired Tiger Filtration for a deal valued at $12.8 million (£12.0 million). Through this acquisition, Xebec gains access to a robust and successful aftermarket manufacturing business focusing on elements and filters. Leveraging the R&D capabilities of Tiger Filtration, Xebec Adsorption aims to diversify its product line, expanding into filtering goods tailored for renewable natural gas and hydrogen (RNG). Tiger Filtration, a UK-based manufacturer recognized for its comprehensive range of high-quality air-compressed filters, represents a strategic addition that will empower Xebec Adsorption Inc. to broaden its product portfolio in line with emerging energy industry needs.

Major companies operating in the air compressor filter & compressed air dryer market include Beko Technologies GmbH, BOGE KOMPRESSOREN, Donaldson Company Inc., Ingersoll Rand, Kaeser Compressors Inc., Parker Hannifin Corporation, SPX Flow Inc., Sullair, Sullivan-Palatek Inc., Van Air Systems, Walker Filtration Limited, Airfilter Engineering (AFE), Ing. Enea Mattei Spa, Mann + Hummel Gruppe, OMEGA AIR d.o.o. Ljubljana, Precision Filtration Products, ZEKS Compressed Air Solutions., Gardner Denver, CompAir, Mattei, Sauer Compressors, Hitachi Industrial Equipment Systems Co Ltd, MTA SpA, Zander Group, Pentair, Quincy Compressors, Aircel, Deltech

North America was the largest region in the air compressor filter & compressed air dryer market in 2023. The regions covered in the air compressor filter & compressed air dryer market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the air compressor filter & compressed air dryer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The air compressor filter & compressed air dryer market consists of sales of components such as air filters, air dryer, equipment which are used in providing air compressor filter & compressed air dryer services such as removal of mists, vapor, and other contaminants. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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