Global Air Compressor Filter and Air Dryer Market to 2026 - Increasing Use in Pharmaceutical Packaging Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Air Compressor filter and Air Dryer Market (2021-2026) by Industry, Filter Type, Application, Dryer Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Air Compressor Filter and Air Dryer Market is estimated to be USD 5.54 Bn in 2021 and is expected to reach USD 7.98 Bn by 2026, growing at a CAGR of 7.58%.

Rapid urbanization and industrialization are driving the growth of manufacturing industries in countries like China and India, which is expected to create demand for air compressor filters and compressed air dryers in the Asia Pacific region. Other factors attributing to the growth of the market are improved system efficiency and reduced downtime, growing demand for the food and beverage industry, and growing use to protect equipment against hazardous and corrosive environments.

However, factors like the high cost of maintenance, lack of skilled professionals and risks associated with system explosion, and limited awareness about the appropriate use and application of compressed air filters and dryers may hinder the growth of the market.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Air Compressor Filter and Air Dryer Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Market Dynamics

Drivers

• Increasing Need to Reduce in Downtime and Improve System Efficiency.
• Growing Use of Compressed Air Dryers for Protecting Equipment Against Hazardous and Corrosive Elements
• Surging Demand for Compressed Air Filters

Restraints

• Lack of Skilled Professionals
• High Cost of Maintenance

Opportunities

• Increasing Use in Pharmaceutical Packaging
• Rise in Demand Due to Growing Industrialization in Emerging Economies.

Challenges

• The reluctance of SMEs to Shift from Conventional Air Compression

Market Segmentation

The Global Air Compressor filter and Air Dryer Market is segmented further based on Industry, Filter Type, Application, Dryer Type, and Geography.

• By Industry, the market is segmented into Automotive, Chemicals, Electronics, Food & Beverages, Metal and Machinery, Oil & Gas, Pharmaceuticals, and Power Generation.
• By Filter Type, the market is segmented into Activated Carbon Filter, Coalescing Filters, Compressed Intake Filters, and Particulate Filters.
• By Application, the market is segmented into Condensed Water Removal, Mist Removal, Oil Removal, and Particulate Removal.
• By Dryer Type, the market is segmented into Delinquent Dryers, Desiccant/Adsorption Dryers, Membrane Dryers, and Refrigeration Dryers.
• By Geography, North America is projected to lead the market.

Companies Mentioned

• Altec Air
• Atlas Copco
• BOGE Kompressoren
• Donaldson Company
• ELGI Equipments LTD
• Ingersoll-Rand
• Kaeser Kompressoren
• Mann+Hummel
• Parker-Hannifin
• SPX Flow
• Sullair
• Sullivan-Palatek
• Van Air Systems
• Walker Filtration
• Zeks Compressed Air Solutions
• Precision Filtration Systems
• Omega Air
• Mikropor
• Beko Technologies

For more information about this report visit https://www.researchandmarkets.com/r/hg2ebr