DUBLIN, Feb. 18, 2020 /PRNewswire/ -- The "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" report has been added to ResearchAndMarkets.com's offering.

The air compressor filter and compressed air dryer market was valued at USD 5.4 billion in 2020 and is projected to reach USD 7.5 billion by 2025; it is expected to grow at a CAGR of 7% from 2020 to 2025.

The tremendous growth of the market can be attributed to the benefits offered by air compressor filters and compressed air dryers such as increasing need to reduce downtime and improve system efficiency, the growing use of compressed air dryers for protecting equipment against hazardous and corrosive environments, and surging demand for air compressor filters as they filter contaminants up to several microns.

The key players in the market include Atlas Copco (Sweden), Ingersoll-Rand (US), Parker-Hannifin (US), Mann+Hummel (Germany), Donaldson Company (US), SPX Flow (US), BOGE Kompressoren (Germany), Kaeser Kompressoren (Germany), Sullair (US), and Sullivan-Palatek (US).

Compressed air dryers accounted for larger share of air compressor filter and compressed air dryer market in 2019Compressed air dryers have high demand in various industry verticals for the drying of the compressed air stream, as well as setting proper dew point according to prescribed standards. The demand for refrigeration dryers is expected to be high during the forecast period. The market for desiccant dryers is expected to grow at the highest CAGR from 2020 to 2025.Automotive industry to hold major share of air compressor filter and compressed air dryer market during forecast periodThe automotive industry is one of the largest revenue-generating industries in the world. The automotive industry is expected to flourish in the coming years owing to rising demand from countries such as China, the US, and Germany. Air compressor filters and compressed air dryers are fundamental to the automotive industry. Filters and dryers are used for cabin air filtration, air conditioning, spray painting, laser purging, and are used in air spindles, air bearings, air guns, and pneumatic brakes in automobiles.North America to be largest market for air compressor filter and compressed air dryer systems during forecast periodThe US is a major contributor to the North American air compressor filter and compressed air dryer market. The presence of a large number of manufacturing facilities of automotive and food & beverages industries is expected to drive the air compressor filter and compressed air dryer market in North America.

1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Compressed Air Filter and Dryer Market, 2020-2025 (USD Billion)4.2 Compressed Air Filter and Dryer Market, By Product4.3 Compressed Air Filter and Dryer Market, By Industry and Region4.4 Compressed Air Filter and Dryer Market, By Geography5 Market Overview 5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Increasing Need to Reduce Downtime and Improve System Efficiency5.2.1.2 Rising Demand for Compressed Air Solutions From Food & Beverages Industry5.2.1.3 Growing Use of Compressed Air Dryers for Protecting Equipment Against Hazardous and Corrosive Environments5.2.1.4 Surging Demand for Compressed Air Filters as They Filter Contaminants Up to Several Microns5.2.2 Restraints5.2.2.1 High Cost of Maintenance5.2.2.2 Potential Risk of System Explosion at High Working Pressure5.2.3 Opportunities5.2.3.1 Increasing Use of Class 0 Air in Pharmaceutical Packaging5.2.3.2 Growing Rate of Industrialization in Developing Nations5.2.4 Challenges5.2.4.1 Need for Extremely Controlled Environment5.2.4.2 Lack of Awareness Regarding Appropriate Use and Application of Compressed Air Filters and Dryers5.2.4.3 Reluctance of SMEs to Shift From Conventional Air Compression Systems to Compressed Air Systems5.3 Value Chain Analysis6 Market Analysis, By Product 6.1 Introduction6.2 Compressed Air Dryers6.2.1 Air Dryers to Account for Larger Size of Compressed Air Filter and Dryer Market From in 20256.2.1.1 Refrigeration Dryers6.2.1.2 Desiccant/Adsorption Dryers6.2.1.3 Deliquescent Dryers6.2.1.4 Membrane Dryers6.3 Compressed Air Filters6.3.1 Market for Air Filters to Grow at Highest CAGR From 2020 to 20256.3.1.1 Particulate Filters6.3.1.2 Coalescing Filters6.3.1.3 Compressed Intake Filters6.3.1.4 Activated Carbon Filters7 Applications of Compressed Air Filters and Dryers 7.1 Introduction7.2 Condensed Water Removal7.2.1 Condensed Water Removal Mechanism7.3 Oil Removal7.3.1 Oil Removal Mechanism7.4 Mist Removal7.4.1 Mist Removal Mechanism7.5 Particulate Removal7.5.1 Particulate Removal Mechanism8 Compressed Air Filter and Dryer Market, By Industry 8.1 Introduction8.2 Automotive8.2.1 Rising Need for Efficient Working of Compressors in Automobiles8.3 Oil & Gas8.3.1 Increasing Advancements in Drilling Techniques and Processes of Refinement8.4 Chemicals8.4.1 Growing Implementation of Compressed Air Quality Standards8.5 Power Generation8.5.1 Surging Demand for High-Quality and Reliable High-Pressure Compressed Air8.6 Food & Beverages8.6.1 Escalating Demand for Contaminant-Free Air in Food Industry8.7 Metal & Machinery8.7.1 Growing Necessity for Clean and Oil-Free Air Environment in Metal & Machinery Industry8.8 Pharmaceuticals8.8.1 Rising Requirements for Compressed Air in Pharmaceutical Applications8.9 Electronics8.9.1 Increasing PCB Manufacturing Driving Demand for Oil-Free Compressed Air Filters and Dryers in Electronics Industry8.10 Others8.10.1 Compressed Air Filters and Dryers Help Removing Potentially Harmful Moisture in Pulp & Paper, Plastics, and Wood Industries9 Geographic Analysis 9.1 Introduction9.2 North America9.2.1 US9.2.1.1 US to Account for Largest Size of Market in North America By 20259.2.2 Canada9.2.2.1 Power Generation Industry in Canada to Aid Market Growth9.2.3 Mexico9.2.3.1 Market in Mexico to Grow at Highest CAGR During Forecast Period9.3 Europe9.3.1 Germany9.3.1.1 Leading Market in Europe in Terms of Size9.3.2 UK9.3.2.1 Growing Food & Beverages and Automotive Industries in UK9.3.3 France9.3.3.1 Increasing Contribution of Energy Sector in French Market9.3.4 Italy9.3.4.1 Growing Manufacturing Sector in Italy to Aid Growth of Compressed Air Filter and Dryer Market9.3.5 Rest of Europe9.3.5.1 Rising Concerns for Energy Conservation in Countries in RoE9.4 APAC9.4.1 China9.4.1.1 Leading Market in APAC in Terms of Size9.4.2 Japan9.4.2.1 Growing Manufacturing Industry in Japan9.4.3 India9.4.3.1 Rising Domestic Spending on Infrastructure Development9.4.4 Rest of APAC9.4.4.1 Increasing Growth of Electronics Industry in Rest of APAC9.5 RoW9.5.1 South America9.5.1.1 South America to Lead Compressed Air Filter and Dryer Market in RoW in 20259.5.2 Middle East9.5.2.1 Oil & Gas Sector to Boost Compressed Air Filter and Dryer Market in Middle East9.5.3 Africa9.5.3.1 Compressed Air Filter and Dryer Market in Africa to Grow at Highest CAGR During Forecast Period10 Competitive Landscape 10.1 Overview10.2 Ranking of Players in Compressed Air Filter and Dryer Market10.3 Competitive Leadership Mapping10.3.1 Visionaries10.3.2 Dynamic Differentiators10.3.3 Innovators10.3.4 Emerging Companies10.4 Competitive Situations & Trends10.4.1 Acquisitions & Mergers10.4.2 Product Launches10.4.3 Expansions11 Company Profiles 11.1 Key Players11.1.1 Atlas Copco11.1.2 Ingersoll-Rand11.1.3 Parker-Hannifin11.1.4 Mann+Hummel11.1.5 Donaldson Company11.1.6 SPX Flow11.1.7 BOGE Kompressoren11.1.8 Kaeser Kompressoren11.1.9 Sullair11.1.10 Sullivan-Palatek11.2 Right to Win11.3 Other Key Players11.3.1 Mikropor11.3.2 Beko Technologies11.3.3 Zeks Compressed Air Solutions11.3.4 Van Air Systems11.3.5 Ing.Enea Mattei S.p.A.11.3.6 Precision Filtration Products11.3.7 Altec Air11.3.8 Omega Air11.3.9 ELGI Equipments Ltd.11.3.10 Walker Filtration

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