The Global Air Compressor Filter & Compressed Air Dryer Market to grow from USD 4,941.08 Million in 2019 to USD 7,189.55 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 6.45%.
Market Segmentation & Coverage:
The research report categorizes the Air Compressor Filter & Compressed Air Dryer Market to forecast the revenues and analyze the trends in each of the following segments:
Based on Compressed Air Filters Type, the Air Compressor Filter & Compressed Air Dryer Market studied across Activated Carbon Filters, Coalescing Filters, Compressed Intake Filters, and Particulate Filters.
Based on Compressed Air Dryers Type, the Air Compressor Filter & Compressed Air Dryer Market studied across Deliquescent Dryers, Desiccant/Adsorption Dryers, Membrane Dryers, and Refrigeration Dryers.
Based on Industry, the Air Compressor Filter & Compressed Air Dryer Market studied across Automotive, Chemicals, Electronics, Food & Beverages, Metal & Machinery, Oil & Gas, Pharmaceuticals, and Power Generation.
Based on Application, the Air Compressor Filter & Compressed Air Dryer Market studied across Condensed Water Removal, Mist Removal, Oil Removal, and Particulate Removal.
Based on Geography, the Air Compressor Filter & Compressed Air Dryer Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.
The factors attributing to the growth of the market are improved system efficiency and reduced downtime, growing use to protect equipment against hazardous and corrosive environments, and growing demand from food & beverages industry. However, some factors such as risk associated with the system explosion and high cost of maintenance and limited awareness about the appropriate use and application of compressed air filters and dryers may hinder the market growth. The Air Compressor Filter & Compressed Air Dryer Market expected to showcase the opportunities such as increasing use in pharmaceutical packaging and potential demand from emerging economies due to growing industrialization. Soon market may face the possible challenges in the growth due to significant reluctance of smes to shift from conventional air compression systems to compressed air systems. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the market.
Global Air Compressor Filter & Compressed Air Dryer Market: Market Dynamics
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
360iResearch Competitive Strategic Window:
The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
360iResearch FPNV Positioning Matrix:
The 360iResearch FPNV Positioning Matrix evaluates and categorizes the vendors in the Air Compressor Filter & Compressed Air Dryer Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Company Usability Profiles:
The Air Compressor Filter & Compressed Air Dryer Market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise.
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Air Compressor Filter & Compressed Air Dryer Market, including Altec Air, Atlas Copco, Beko Technologies, BOGE Kompressoren, Donaldson Company, ELGI Equipments LTD, Ingersoll-Rand, Kaeser Kompressoren, Mann+Hummel, Mikropor, Omega Air, Parker-Hannifin, Precision Filtration Products, SPX Flow, Sullair, Sullivan-Palatek, Van Air Systems, Walker Filtration, and Zeks Compressed Air Solutions.