Global Compressed Air Filter and Dryer Market - 2022-2029

Global Compressed Air Filter and Dryer Market - 2022-2029

Market Overview

Compressed air filter and dryer market reached US$ XX million in 2021 and is expected to record significant growth by reaching up to US$ XX million by 2029, growing at a CAGR of 6.00% during the forecast period (2022-2029).

In the setting of air compressors, compressed air treatment is a process of dehumidifying and cleaning air before it enters the compressor. The process usually involves using an air dryer and air filter beyond the air filter found in an air compressor. A good compressed air treatment system reduces the dew point of the air and removes particles that could harm the compressor.

The compressed air treatment system first involves using a compressed air dryer. A compressed air dryer removes water vapor or moisture from the industrial process air (dehumidify). A compressor extracts the humid air and compresses it, increasing the air temperature and then cooling it, condensing water vapor out of the unit in a typical system.

After that, compressed air filters are used in the compressed air treatment systems. Compressed air filters, often called line filters, remove contaminants from compressed air after compression. An air set is created when a filer is paired with a regulator and an oiler. Air from a normal screw or piston compressor typically contains much water, oil and other impurities. Filters come in various shapes and sizes to suit various pneumatic applications.

Market Dynamics

The rising demand for compressed air filters and dryers among industries due to the associated benefits of the system has escalated the market share for the product.

The rising demand for compressed air filters and dryers among small-scale industries due to the associated benefits of the system has escalated the market share for the product

Compressed air filtration devices are utilized in pipes and fittings used in industrial units such as industrial refrigeration systems or point-of-use water treatment plants to reduce the accumulation of impurities. The filter for air compressors also avoids water accumulation and lowers the cost of corrosion maintenance for installed gear and equipment.

Furthermore, dryers for compressed air are essential for preventing water from entering the compressed air stream. When moisture is present, microorganisms such as bacteria, viruses and fungus can enter the compressed air stream. Even if microorganisms enter sterile, dry compressed air, their presence significantly impacts the system's quality and function. Compressed air dryers prevent such bacteria from entering the air stream.

These types of air dryer filters are projected to see increased demand from key industrial companies since they boost the productivity of the production system. The sale of inline desiccant air dryers is expected to surge throughout the forecast years and higher business volume from autos, oil & gas and chemicals.

Furthermore, various firms have developed innovative air compressor dryer ideas, proving to be a lucrative market for compressed air filtration and drier systems globally. Painting air compressor dryers are one such piece of equipment with increasing demand in local markets. The compressed air filter industry is expected to grow significantly by catering air compressor filters to smaller units as a raw material for further value addition.

The requirement of regular maintenance of compressed air filters and dryers increases the cost of the overall product; therefore, handling the growth of the product

Compressed air filters and dryers demand has escalated tremendously in the past few years; however, the product needs regular maintenance to function efficiently and avoid unplanned downtime. Inadequate maintenance can result in high operating temperatures, incorrect moisture control and increased contamination due to reduced filtration performance, air leakage or pressure variations.

Majorly air compressors and related equipment such as filters and dryers are the prime parts of the device and hence require regular maintenance, insufficient maintenance results in increased energy, repair and replacement expenses. As a result, end users must factor in maintenance and repair costs after purchasing such equipment. Maintenance costs may increase compared to other costs and can be further reduced by careful planning. The level of maintenance chosen is defined by the compressed air installation's needed reliability and performance.

For instance, The annual energy costs of a compressed air system served by a 100-horsepower (hp) compressor operating continuously at US$0.08/kilowatt-hour (kWh) are US$63,232. When a coalescing filter is unclean (and not changed at regular intervals), the pressure loss through the filter can reach 6 pounds per square inch (psi), compared to 2 psi when clean, necessitating higher system pressure. A pressure drop of 4 psi above the average drop of 2 psi costs 2% of the compressed air system's yearly energy expenses or US$1,265 per year. Therefore, end users must consider maintenance and repair expenses after buying such equipment.

COVID-19 Impact Analysis

The COVID-19 outbreak, in the beginning, led to the suspension of most non-essential commercial activity for months. The chemical and industrial industries were hard impacted and the air compressor filter drier market suffered.

Furthermore, the manufacturing and distribution of filter dryers for industrial-grade compressors faced substantial challenges due to supply chain disruption and raw material scarcity. Due to the abrupt shutdown of various enterprises and the difficulty in obtaining alternate raw materials, demand for compressed air dryers also fell.

Only industries in the healthcare industry are allowed to purchase filter dryers for air compressors which have shown a positive market growth for the product. However, the compressed air filter market recovered when free movement and logistics constraints were gradually eased. The entire air filter dryer market business recovered to normal in the following years. The worldwide air compression filtration and dryer system market is predicted to resume its pre-pandemic growth rate during the projected year.

Segment Analysis

The global compressed air filter and dryer market are segmented on product, end-user and region.

Compressed air dryers are increasing in popularity in numerous industries, including healthcare and medicine, which has escalated the market share for the segment

The global compressed air filter and dryer market are segmented into compressed air dryers and air filters based on product. In 2021, compressed air dryers had the largest market share in the chemicals industry. Compressed air dryers are categorized into refrigeration, desiccant/adsorption, deliquescent and membrane dryers.

Compressed air dryers' popularity is rising due to their numerous applications in various industries, including healthcare and medicine. Manufacturers have recently increased their manufacturing capacity to meet expanding demand. Sectors such as food and beverage, manufacturing and healthcare demand dry & clean air for frequent and quick operations. Impurities in delivery system can cause harm or clogging. One of the primary concerns of these industries is superior air quality. As a result, rising industrial demand for compressed air is expected to push the worldwide air dryers market over the forecast period.

Chemical businesses deal with dangerous and flammable gases daily; high-quality compressed air is critical for equipment safety and efficiency. Furthermore, because of the need for high-purity products and the presence of harmful or hazardous gases in a chemical manufacturing facility, compressed air dryers, such as refrigeration dryers, are in high demand in the chemicals sector. Chemical plants frequently face abrupt temperature changes due to internal endothermic or exothermic reactions. Refrigeration dryers are among the top choices for dealing with such drastic temperature changes.

Geographical Analysis

The presence of key automotive and food and beverage manufacturing plants in North America is projected to propel the compressed air filter and dryer market in North America

North America holds the largest market share among all geographical regions regarding air filter dryer usage. The presence of key automotive companies such as Ford Motor Company, General Motors and Chrysler Stellantis and food and beverage manufacturing plants is projected to propel the compressed air filter and dryer market in North America. The oil and gas industry has greatly contributed to the region's market growth. The growing demand for compressed air filters and dryers in U.S. due to stricter environmental air purity standards has created huge market growth potential for the compressed air filter and dryer industry. It is one of the world's largest automobile marketplaces and its automotive sector is one of the fastest expanding.

Furthermore, Europe comes after North America in using air dryer filters for compressors in the automobile and chemical industries. The usage of compressed air dryers and filters in automotive engines has been aided by strict environmental standards and restrictions regarding the emission of pollutants.

Germany is the European region's top manufacturer of high-end automobiles fitted with the best air compressor filter dryer. Asia-Pacific is also highly profitable in the worldwide compressed air filtration and dryer system market with its expanding industrial area and capacity.

Competitive Landscape

The global compressed air filter and dryer market are highly competitive with local and global key players. Key players contributing to the market's growth are Atlas Copco, Pentair, Donaldson Company, Ingersoll Rand, Parker-Hannigan, Boge Kompressoren, Kaeser Kompressoren, Sullair, Spx Flow, Sullivan-Palatek, among others.

The major companies are adopting several growth strategies such as product launches, acquisitions and collaborations, contributing to the global growth of the compressed air filter and dryer market.

In May 2021, Parker-Hannifin introduced a desiccant compressed air dryer for the rental market that delivers 'technically' oil-free compressed air.

In March 2021, The Donaldson Company introduced a smart dryer, which uses three separation steps to remove condensates and dry compressed airstreams in production facilities: filtering, drying and purifying.

Atlas Copco

Overview: Atlas Copco is a global player in long-term productivity solutions. Customers benefit from the Group's cutting-edge compressors, vacuum solutions, air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco focuses on productivity, energy efficiency, safety and ergonomics when developing products and services. The corporation was formed in 1873 and is headquartered in Stockholm, Sweden. It operates in over 180 countries. Atlas Copco employed around 47 000 people globally.

Product Portfolio: Desiccant air dryers: The company offers twin tower desiccant air dryers and rotary drum dryers for all industrial applications. When a compressed air application requires a pressure dew point below 0°, adsorption dryers are utilized. Two pressure vessels make up the regenerative desiccant dryers. Desiccant is used in both vessels. The pressurized air is being dried in one vessel.

Wet air is drawn straight into the desiccant bed, which absorbs moisture. The valves will switch and lead the air to the other standby vessel if this vessel is saturated with moisture. The first vessel will be renewed while the other vessel is adsorbing. It follows a cyclic pattern.

Key Development

For instance, Atlas Copco Ltd has developed a highly efficient desiccant dryer under brand name Cerades, which was launched in November 2021 and suits pharmaceutical and food & beverage companies.

Why Purchase the Report?
• Visualize the global compressed air filter and dryer market segmentation by product, end-user and region, highlighting key commercial assets and players.
• Identify commercial opportunities in the compressed air filter and dryer market by analyzing trends and co-development deals.
• Excel data sheet with thousands of global compressed air filter and dryer market-level 4/5 segmentation points.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global compressed air filter and dryer market report would provide approximately 53 market data tables, 47 figures and 215 pages.

Target Audience 2022
• Service Providers/ Buyers
• Automotive
• Research Laboratory
• Oil and Gas Company
• Manufacturers
• Energy & Utilities Companies
• Distributors