The Compound Annual Growth Rate (CAGR) for the Global Compressed Air Filter and Dryer Market is predicted to be 6.2% over the forecast period, rising from USD 5.4 billion in 2022 to roughly USD 7.3 billion by 2027. The demand for better air quality and increased operational performance is shown by this expected growth, underscoring the growing significance of effective air filtration and drying solutions across sectors. This market is anticipated to grow as a result of factors including growing public awareness of the harmful effects of pollutants in compressed air systems and the expanding industrial sector.
Rising demand for compressed air solutions in the food and beverage industry, as well as a growing uptake of compressed air systems across sectors to boost operational efficiency and productivity, are driving the expansion of the Compressed Air Filter and Dryer Market.
Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=132465753
Compressed Air Filter and Dryer Market
Compressed air dryers held the larger share of the market for the chemicals industry in 2021
Compressed air dryers became the market leader in the chemicals sector market share in 2021. They play a crucial part in guaranteeing safety and operational effectiveness for chemical firms that work with poisonous and combustible gases on a daily basis, which explains their significance. Due to their ability to maintain high-purity products and reduce the risks associated with hazardous gases within chemical production facilities, compressed air dryers—in particular refrigeration dryers—have grown in popularity as a result of the chemicals industry's demand for flawless compressed air quality. Refrigeration dryers also found to be the best option for efficiently controlling such sudden temperature changes, considering the variable temperature swings caused by endothermic or exothermic reactions within these plants.
Automotive industry accounted for the largest share of the Compressed Air Filter and Dryer Market in 2021
The automobile industry took the lead and the greatest market share in 2021 in the market for compressed air filters and dryers. The automobile sector, which generates substantial revenues and is expected to rise due to rising demand, particularly in nations like China, the US, and Germany, is responsible for this domination. In the automotive industry, compressed air filters and dryers play a crucial role in processes like cabin air filtration, air conditioning, spray painting, laser purging, and the manufacture of vital parts like air spindles, air bearings, air guns, and pneumatic brakes. Because of this crucial function, the automotive sector will continue to be a major market driver for compressed air filters and dryers.
Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/air-compressor-filter-dryer-market-132465753.html
North America accounted for the largest share of the Global Compressed Air Filter and Dryer Market
North America began to take the lead in the global market for compressed air filters and dryers in 2021. Due to its mature and highly developed industries' substantial use of compressed air filters and dryers, North America is the world's greatest consumer of compressed air systems, which explains its significance. These systems are widely used in industries including automotive, oil and gas, and food and beverage, which emphasises their importance in removing pollutants from compressed air streams and providing ideal air dryness in a range of temperature conditions. North America's dominant position in the compressed air filter and dryer market is further cemented by the region's strong demand.
Key Players
Ingersoll Rand (US), Parker-Hannifin (US), and Donaldson Company (US) are some of the key manufacturers of Compressed Air Filters and Dryers in North America.
News Covered:
https://www.prnewswire.com/news-releases/compressed-air-filter-and-dryer-market-worth-7-3-billion-by-2027---exclusive-report-by-marketsandmarkets-301488411.html
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
