Global Air Compressor Filter & Compressed Air Dryer Market to 2032: Increasing Growth of the Pharmaceutical Industry is Expected to Propel Growth

Jul 20, 2023

DUBLIN, April 6, 2023 /PRNewswire/ -- The "Air Compressor Filter & Compressed Air Dryer Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the market.The global air compressor filter & compressed air dryer market grew from $3.45 billion in 2022 to $3.81 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The air compressor filter & compressed air dryer market is expected to grow to $5.39 billion in 2027 at a CAGR of 9.1%.

Major players in the air compressor filter & compressed air dryer market are Beko Technologies GmbH, BOGE KOMPRESSOREN, Donaldson Company Inc., Ingersoll Rand, Kaeser Compressors Inc., Parker Hannifin Corporation, SPX Flow Inc., Sullair, Sullivan-Palatek Inc., Van Air Systems, Walker Filtration, Airfilter Engineering (AFE), Ing. Enea Mattei Spa, Mann+Hummel Gruppe, OMEGA AIR d.o.o. Ljubljana, Precision Filtration Products, and ZEKS Compressed Air Solutions.

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The air compressor filter & compressed air dryer market consists of sales of components such as air filters, air dryer, equipment which are used in providing air compressor filter & compressed air dryer services such as removal of mists, vapor, and other contaminants. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.Air compressor filter & compressed air dryer refers to a filter used to filter impurities from atmospheric air including dust, oil and moisture, and harmful liquids to make compressed air viable for use.North America was the largest region in the air compressor filter & compressed air dryer market in 2022. The regions covered in the air compressor filter & compressed air dryer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.The main types of products in air compressor filters & compressed air dryers are compressed air dryers and compressed air filters. Air dryers are used in air compressors to remove moisture, and prevent condensate and rust problems from occurring in the compressors. The various applications involved are condensed water removal, oil removal, particulate removal, and others that are used for automotive, oil and gas, food and beverages, power generation, metals and machinery, pharmaceuticals, electronics, chemicals, and other industries verticals.The increasing growth of the pharmaceutical industry is expected to propel the growth of the air compressor filter & compressed air dryer market going forward. The growth of the pharmaceutical industry refers to the discovery, development, and manufacture of drugs and medications by public and private organizations for the treatment of patients and its sales and marketing. In pharmaceutical and bio-pharmaceuticals manufacturing facilities, higher quality of air is required so that the final product should be free of oil, water, and microorganisms.

To ensure the quality of the product manufacturers are investing hugely in air filters and dryers which shows a significant growth in the air compressor filter & compressed air dryer market. For instance, according to India Brand Equity Foundation, an India-based trust established by the Department of Commerce, the domestic pharmaceutical market in India was valued at USD 42 billion in 2021 and is projected to rise to USD 65 billion by 2024 and USD 120-130 billion by 2030.

Also. the Indian pharmaceutical market saw a 13.9% growth in overall revenue in January 2022. Furthermore, according to Atradius Collections, a Germany-based full-service B2B debt collections firm, Germany produced 4.5% of the world's pharmaceuticals in 2020. Following a 5.2% increase in 2021, the value-added output of the pharmaceutical industry is predicted to increase by 4% in 2022 and by more than 2% in 2023. Therefore, the growth of the pharmaceutical industry is driving the air compressor filter & compressed air dryer market.Product innovations are the key trends gaining popularity in the air compressor filter & compressed air dryer market. Major companies operating in the healthcare industry are developing new technologies to sustain their position in the air compressor filter & compressed air dryer market. The countries covered in the air compressor filter & compressed air dryer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.Key Topics Covered: 1. Executive Summary2. Air Compressor Filter & Compressed Air Dryer Market Characteristics3. Air Compressor Filter & Compressed Air Dryer Market Trends And Strategies4. Air Compressor Filter & Compressed Air Dryer Market - Macro Economic Scenario4.1. COVID-19 Impact On Air Compressor Filter & Compressed Air Dryer Market4.2. Ukraine-Russia War Impact On Air Compressor Filter & Compressed Air Dryer Market4.3. Impact Of High Inflation On Air Compressor Filter & Compressed Air Dryer Market5. Air Compressor Filter & Compressed Air Dryer Market Size And Growth5.1. Global Air Compressor Filter & Compressed Air Dryer Historic Market, 2017-2022, $ Billion5.1.1. Drivers Of The Market5.1.2. Restraints On The Market5.2. Global Air Compressor Filter & Compressed Air Dryer Forecast Market, 2022-2027F, 2032F, $ Billion5.2.1. Drivers Of The Market5.2.2. Restraints On the Market6. Air Compressor Filter & Compressed Air Dryer Market Segmentation6.1. Global Air Compressor Filter & Compressed Air Dryer Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Compressed Air Dryers

Compressed Air Filters

6.2. Global Air Compressor Filter & Compressed Air Dryer Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Condensed Water Removal

Oil Removal

Particulate Removal

Other Applications

6.3. Global Air Compressor Filter & Compressed Air Dryer Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Automotive

Oil and Gas

Food and Beverages

Power Generation

Metals and Machinery

Pharmaceuticals

Electronics

Chemicals

Other Industries

7. Air Compressor Filter & Compressed Air Dryer Market Regional And Country Analysis7.1. Global Air Compressor Filter & Compressed Air Dryer Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion7.2. Global Air Compressor Filter & Compressed Air Dryer Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

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