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Air Compressor Filter And Compressed Air Dryer Market Analysis, Trends, Growth, Research And Forecast 2032
Air Compressor Filter And Compressed Air Dryer Market
The Business Research Company's Air Compressor Filter & Compressed Air DryerGlobal Market Report 2023 identifies the increasing growth of the pharmaceutical industry as the major driver for the air compressor filter and compressed air dryer market's growth in the forecast period. 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.
The global air compressor filter & compressed air dryer market size grew from $3.45 billion in 2022 to $3.81 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global air compressor filter & compressed air dryer is expected to grow to $5.39 billion in 2027 at a CAGR of 9.1%.
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Major competitors in the air compressor filter and 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.
A key trend in the air compressor filter and compressed air dryer market includes product innovations. Major companies operating in the healthcare industry are developing new technologies to sustain their position in the air compressor filter & compressed air dryer market. For in October 2020, MARK Compressors, a US-based compressor manufacturer, introduced a piston compressor range- the Ironwind series and the Bluewind series. The new products are highly engineered innovations to enhance productivity by reducing energy consumption and offering higher uptime and reliability. Additionally, this product are upgraded cooling system that keeps the heat emission with compact size the products are on wheels which makes them portable.
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The air compressor filter and compressed air dryer market is segmented -
• By Product Type: Compressed Air Dryers, Compressed Air Filters
• By Application: Condensed Water Removal, Oil Removal, Particulate Removal, Other Applications
• By Industry Vertical: Automotive, Oil and Gas, Food and Beverages, Power Generation, Metals and Machinery, Pharmaceuticals, Electronics, Chemicals, Other Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the air compressor filter and compressed air dryer market.
The Business Research Company's "Global Air Compressor Filter & Compressed Air DryerMarket Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Air Compressor Filter & Compressed Air DryerMarket Include:
1. Executive Summary
2. Air Compressor Filter & Compressed Air Dryer Market Characteristics
3. Air Compressor Filter & Compressed Air Dryer Market Trends And Strategies
4. Air Compressor Filter & Compressed Air Dryer Market - Macro Economic Scenario
5. Air Compressor Filter & Compressed Air Dryer Market Size And Growth
……
26. Africa Air Compressor Filter & Compressed Air Dryer Market
27. Air Compressor Filter & Compressed Air Dryer Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Air Compressor Filter & Compressed Air Dryer Market
29. Air Compressor Filter & Compressed Air Dryer Market Future Outlook and Potential Analysis
30. Appendix
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