Growth Outlook for the Compressed Air Filtration and Dryer System Market According to Different Segments By Period Of 2022-2032

The compressed air filtration and dryer system market is predicted to grow at a moderate CAGR of 6% during the forecast period. The compressed air filtration and dryer system market is likely to reach nearly US$ 9.8 Bn by 2032 from US$ 5 Bn in 2021.

The food and beverage industries are in high demand for compressed air solutions, which are increasingly being used to improve production. Compressed air dryers shield equipment from corrosive and hazardous environments.

Because of their numerous applications in a variety of industries, including healthcare and medicine, compressed air dryers have grown in popularity in recent years. To meet rising demand, manufacturers have increased their manufacturing capacity by utilising refrigeration systems in recent years.

The automotive, healthcare, and food and beverage sectors all have positive outlooks for the compressed air filtration and dryer system market. Compressed air production is one of the most expensive auxiliary functions in all industries. Compressed air filters and dryers are the most important components of compressed air systems.

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Key Takeaways
• Demand from China is expected to boost revenue in the Asia Pacific compressed air treatment equipment market, which is expected to increase at a rate of over 6% through 2027.
• Because compressed air is required in a wide range of industrial applications, China's global leadership in automobile and industrial production is having a significant impact on the whole market.
• The compressed air filtration and dryer system market size in the healthcare industry is expected to exceed USD 1 billion by 2020. The market demand is being fueled by the increasing use of compressed air treatment systems in the medical compressed air sector.
• The prevalence of humidity and other impurities in the process air is expected to drive a 4.5 percent CAGR in-process air from 2021 to 2027, which could have severe implications for plants.
• Due to its widespread use to remove or reduce the amount of water from compressed air, compressed air dryers are expected to account for roughly 35 percent of the compressed air filtration and dryer system market share in 2027.

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Key Segments

By Product Type:
• Compressed Air Dryers
o Refrigeration Dryers
o Desiccant or Adsorption Dryers
o Deliquescent Dryers
o Membrane Dryers
• Compressed Air Filters
o Particulate Filters
o Coalescing Filters
o Compressed Intake Filters
o Activated Carbon filters

By Industry:
• Automotive
• Oil & Gas
• Chemicals
• Food & Beverages
• Electronics
• Others

By Region:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.