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Global Compressed Air Filter and Dryer Market to reach USD 7.75 Billion by 2028.

Global Compressed Air Filter and Dryer Market Size study, By Product (Compressed Air Dryers {Refrigeration Dryers, Desiccant/Adsorption Dryers, Deliquescent Dryers, Membrane Dryers}, Compressed Air Filters {Particulate Filters, Coalescing Filters, Compressed Intake Filters, Activated Carbon Filters}), By Industry (Automotive, Oil & Gas, Chemicals, Power Generation, Food & Beverages, Metals & Machinery, Pharmaceuticals, Electronics, Others), and Regional Forecasts 2022-2028

Product Code: OIRIME-41964133
Publish Date: 28-04-2022
Page: 200

Global Compressed Air Filter and Dryer Market is valued approximately USD 5.09 Billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.2% over the forecast period 2022-2028.

Compressed air filters and dryers are the special types of systems that compressed air and eliminates all traces of hazardous impurities such as moisture, dirt oil, rust, and many others and ensure it is free of any contaminants. The air filters and dryers are robust, presenting superior protection in daily industrial-grade usage. Compressed air filters and dryers are highly adopted by industries such as automotive, oil & gas, chemicals, power generation, food & beverages, metals & machinery, pharmaceuticals, electronics, others. The increasing adoption of compressed air dryers for protecting equipment from corrosive and hazardous environments, rising demand for compressed air solutions from the food & beverages sector, growth of the pharmaceutical and biopharmaceutical industry are the primary factors that are fostering the market demand across the globe. For instance, according to Statista, in 2018, the global biopharmaceutical industry was accounted for USD 5.28 trillion, and the amount increased and reached USD 7.15 trillion in 2021. Consequentially, the development of the pharmaceutical and biopharmaceutical sector is propelling the demand for the compressed air filter and dryer for packaging purposes, thus, in turn, augments the market growth in the near future. However, lack of awareness regarding appropriate use of compressed air filters and dryers and high working pressure induces a risk of system explosion impeding the growth of the market over the forecast period of 2022-2028. Also, the growth of the industry 4.O and rising adoption of IoT in the compressed air industry is anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Compressed Air Filter and Dryer market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the execution of stringent regulations for the cleanliness standards of environmental air, along with increasing demand for compressed air filters and dryers in the region. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the flourishing growth of the food & beverages and automotive industries, as well as the rising presence of the leading market players, would create lucrative growth prospects for the Compressed Air Filter and Dryer market across the Asia-Pacific region.

Major market players included in this report are:
Atlas Copco Group
Ingersoll Rand Inc.
Parker-Hannifin Corporation
Pentair PLC
Donaldson Company
Boge Kompressoren
Kaeser Kompressoren, Inc.
Spx Flow, Inc.
Sullair
Sullivan-Palatek, Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product
Compressed Air Dryers
Refrigeration Dryers
Desiccant/Adsorption Dryers
Deliquescent Dryers
Membrane Dryers
Compressed Air Filters
Particulate Filters
Coalescing Filters
Compressed Intake Filters
Activated Carbon Filters
By Industry
Automotive
Oil & Gas
Chemicals
Power Generation
Food & Beverages
Metals & Machinery
Pharmaceuticals
Electronics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Compressed Air Filter and Dryer Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global Compressed Air Filter and Dryer Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global Compressed Air Filter and Dryer Market, by Product, 2020-2028 (USD Billion)
1.2.3. Global Compressed Air Filter and Dryer Market, by Industry, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Compressed Air Filter and Dryer Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Compressed Air Filter and Dryer Market Dynamics
3.1. Compressed Air Filter and Dryer Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Rising adoption of compressed air dryers for protecting equipment against hazardous and corrosive environments
3.1.1.2. Increasing demand for compressed air solutions from food & beverages industry
3.1.2. Market Challenges
3.1.2.1. Lack of awareness regarding appropriate use of compressed air filters and dryers
3.1.2.2. High working pressure induces risk of system explosion
3.1.3. Market Opportunities
3.1.3.1. Growth of the industry 4.O
3.1.3.2. Surging adoption of IoT in compressed air industry
Chapter 4. Global Compressed Air Filter and Dryer Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Compressed Air Filter and Dryer Market, by Product
6.1. Market Snapshot
6.2. Global Compressed Air Filter and Dryer Market by Product, Performance – Potential Analysis
6.3. Global Compressed Air Filter and Dryer Market Estimates & Forecasts by Product 2018-2028 (USD Billion)
6.4. Compressed Air Filter and Dryer Market, Sub Segment Analysis
6.4.1. Compressed Air Dryers
6.4.1.1. Refrigeration Dryers
6.4.1.2. Desiccant/Adsorption Dryers
6.4.1.3. Deliquescent Dryers
6.4.1.4. Membrane Dryers
6.4.2. Compressed Air Filters
6.4.2.1. Particulate Filters
6.4.2.2. Coalescing Filters
6.4.2.3. Compressed Intake Filters
6.4.2.4. Activated Carbon Filters
Chapter 7. Global Compressed Air Filter and Dryer Market, by Industry
7.1. Market Snapshot
7.2. Global Compressed Air Filter and Dryer Market by Industry, Performance – Potential Analysis
7.3. Global Compressed Air Filter and Dryer Market Estimates & Forecasts by Industry 2018-2028 (USD Billion)
7.4. Compressed Air Filter and Dryer Market, Sub Segment Analysis
7.4.1. Automotive
7.4.2. Oil & Gas
7.4.3. Chemicals
7.4.4. Power Generation
7.4.5. Food & Beverages
7.4.6. Metals & Machinery
7.4.7. Pharmaceuticals
7.4.8. Electronics
7.4.9. Others
Chapter 8. Global Compressed Air Filter and Dryer Market, Regional Analysis
8.1. Compressed Air Filter and Dryer Market, Regional Market Snapshot
8.2. North America Compressed Air Filter and Dryer Market
8.2.1. U.S. Compressed Air Filter and Dryer Market
8.2.1.1. Product estimates & forecasts, 2018-2028
8.2.1.2. Industry estimates & forecasts, 2018-2028
8.2.2. Canada Compressed Air Filter and Dryer Market
8.3. Europe Compressed Air Filter and Dryer Market Snapshot
8.3.1. U.K. Compressed Air Filter and Dryer Market
8.3.2. Germany Compressed Air Filter and Dryer Market
8.3.3. France Compressed Air Filter and Dryer Market
8.3.4. Spain Compressed Air Filter and Dryer Market
8.3.5. Italy Compressed Air Filter and Dryer Market
8.3.6. Rest of Europe Compressed Air Filter and Dryer Market
8.4. Asia-Pacific Compressed Air Filter and Dryer Market Snapshot
8.4.1. China Compressed Air Filter and Dryer Market
8.4.2. India Compressed Air Filter and Dryer Market
8.4.3. Japan Compressed Air Filter and Dryer Market
8.4.4. Australia Compressed Air Filter and Dryer Market
8.4.5. South Korea Compressed Air Filter and Dryer Market
8.4.6. Rest of Asia Pacific Compressed Air Filter and Dryer Market
8.5. Latin America Compressed Air Filter and Dryer Market Snapshot
8.5.1. Brazil Compressed Air Filter and Dryer Market
8.5.2. Mexico Compressed Air Filter and Dryer Market
8.6. Rest of The World Compressed Air Filter and Dryer Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Atlas Copco Group
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Ingersoll Rand Inc.
9.2.3. Parker-Hannifin Corporation
9.2.4. Pentair PLC
9.2.5. Donaldson Company
9.2.6. Boge Kompressoren
9.2.7. Kaeser Kompressoren, Inc.
9.2.8. Spx Flow, Inc.
9.2.9. Sullair
9.2.10. Sullivan-Palatek, Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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