Published: December 2023 | Report Code: 12806 | Available Format: PDF
The compressed air filter and dryer market size stood at USD 5,596.7 million in 2023, and it is expected to advance at a compound annual growth rate of 5.8% during 2024–2030, to reach USD 8,350.1 million by 2030. This is primarily ascribed to the increasing air pollution, growing awareness among people regarding the advantages of good quality air, stringent government regulations, rapid industrialization, and advancements in technology regarding compressed air filters and dryers.
Moreover, regardless of power, compressed air is used in humid, explosive, and wet conditions, and air tools are able to hold extreme temperature environments and pressure. The air that is compressed is clean and appropriate for situations in places where air quality and hygiene are important, as it is not toxic to the atmosphere.
Across the globe, the climate relates to the quality of air. Impurities present in the atmosphere are majorly due to the burning of fossil fuels and, in turn, they produce gas emissions. To lower the number of cases of atmospheric pollution-related illnesses, various long- and short-term mitigation policies have been enacted in order to reduce the level of impurities in the air and improve individuals’ health for a longer period of time.
In most developing and developed countries, increasing industrialization is one of the major factors contributing to the rise in air pollution levels. Industrialization is made possible with the help of the labor force and it has attracted a large number of migrants and immigrants. This has made areas around industries more diverse than ever before. Thus, the increasing industrialization has helped in the growth of urbanization and the use of vehicles. Hence, this factor boosts the demand for compressed air filters and dryers.
Moreover, the need for compressed air especially of high quality is rising, as this is required for the protection of equipment, ensuring efficient operations, powering pneumatic tools and equipment, and in various manufacturing processes. Thus, the use of air compressors across a wide range of industries, such as construction, manufacturing, pharmaceuticals, electronics, and food and beverages, is increasing, which, in turn, drives the growth of the market.
Furthermore, the focus of people is rising on eco-friendly and energy-efficient solutions. Therefore, various manufacturers have introduced several innovative products, with energy-saving technologies, advanced filtration media, and smart control systems, for the optimization of the performance and air compressor filters and dryers’ efficiency. Along with this, key players across the globe initiated to focus on technological advancements and product development to enhance efficiency and performance. Hence, these factors contribute to the growth of the market.
The demand for compressed air dryers is expected to grow over the forecast period at a CAGR of 5.9%. This can be because these are used in a wide range of industries, as they are effective and highly efficient, aid in removing moisture, and ensure the quality of air for the purpose of several applications, such as instrumentation, pneumatic tools, air-powered machinery, and spray painting.
In addition, the air dryer has a major application in eliminating and controlling the moisture present in the air and providing clean, pure, and safe compressed air, which will promote its growth in demand during the forecast period. Also, air dryers are used in refrigeration in order to provide the quality of air and protect products. Along with this, desiccated dryers are known to use hygroscopic materials for the purpose of removing and eliminating the presence of moisture from the compressed air flow and ensuring the dryness of air.
The automotive industry is a major end user, with a share of 25% in 2023, and it is expected to continue with the same trend over the coming few years. This is because compressed air filters play vital roles during the manufacturing of automobiles, such as maintenance and keeping the air clean, removing moisture, prevention of corrosion, maintaining the quality of finished automotive products, and minimizing the downtime of equipment.
Moreover, this is because the technology is advancing especially in the manufacturing and automation sectors and the significant growth in the automotive industry. In addition, the demand is growing for efficient and reliable systems related to compressed air dryers and filters for enhancing efficiency, product quality, and productivity in the manufacturing of automobiles.
Market Size in 2023
USD 5,596.7 Million
Market Size in 2024
USD 5,893.3 Million
Revenue Forecast in 2030
USD 8,350.1 Million
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
By Product; By End User; By Region
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North America is the leader in the compressed air filter and dryer market, and it will hold the same position during the forecast period, with a value of USD 2.5 billion by 2030. This is attributed to the growing automotive industry and urbanization and the presence of key players in the region.
In North America, the U.S. holds a major share in the market. This is because the country has various stringent government regulations and the rules have been passed for the purpose of controlling the effect of power generation and transmission on the environment. For controlling such pollutant emissions, several power stations are subject to Clean Air Act regulations. Various programs implement the Clean Air Act, such as the U.S. Environmental Protection Agency (EPA) and the Acid Rain Program, which have helped in reducing the emissions of atmospheric pollutants.
Whereas, the APAC market is expected to witness significant growth in the coming years. This can be ascribed to the significant increase in environmental pollution across the region, the surging awareness and adoption of such systems among people, technological advancements in these systems, and rapid urbanization. In APAC, the Chinese market holds the leading position, and it will grow at a CAGR of 6.2% during the forecast period. This is attributed to the fast adoption of advanced technologies and the growing focus on clean air in the country.
Additionally, the market in Europe is growing considerably, due to the rise in awareness among people related to ambient quality of air and obeying regulations imposed by governments in the region. The European air quality directives are looking forward to the preservation of plants, humans, and natural ecosystems. Under the European Green Deal’s Zero Pollution Action Plan, the European Commission set the target that by 2030, the number of premature deaths will be lowered by decreasing the level of fine particulate matter (PM2.5) by at least 55% compared to 2005 levels. Thus, these factors are fueling the demand for compressed air filters and dryers across the region.
In addition, the presence of production facilities at a larger scale, frequent adoption of advanced machinery and raw materials, expanding manufacturing industry, stringent government regulations related to the safety and quality of air, and rapid industrialization are further expected to propel the market growth in the coming years. Furthermore, in the industrial sector, there is a high requirement for quality, reliable, and energy-efficient compressed air systems, to minimize the consumption of energy and footprint of carbon. Thus, this factor further influences the need for air dryers and filters across various countries in the European region.
The increasing air pollution creates an imbalance in the environment across the globe. It influences the atmosphere and can result in acid rain, which further increases the level of toxicity and global warming. Hence, a significant increase in awareness related to the detection of pollutants present in the environment and the surging need for safety regarding work environments in various industries have boosted the adoption of compressed air filters.
Across megacities around the globe, such as Salo Paulo, Shanghai, Onitsha, Aba, Delhi, Zabol, Riyah, Kolkata, and Dhaka, the pollution is growing in the atmosphere significantly. Automobiles emit toxic elements and gases including carbon monoxide, sulfur dioxide, and many more, which are majorly contributing to the rising pollution levels. Also, these materials present in the atmosphere are highly toxic and can cause cancer because they have the ability to penetrate deep into the lungs and bloodstream, which can cause permanent damage to DNA and further result in mutations and even heart attacks. Hence, the aforementioned factor is contributing to the growth of the market.
The report analyzes the impact of the major drivers and restraints on the compressed air filter and dryer market, to offer accurate market estimations for 2017–2030.
Based on Product
Based on Industry
The compressed air filter and dryer market size stood at USD 5,596.7 million in 2023.
During 2024–2030, the growth rate of the compressed air filter and dryer market will be around 5.8%.
Automotive is the largest end user in the compressed air filter and dryer market.
The major drivers of the compressed air filter and dryer market include advancements in technology, rapid industrialization, surging pollution levels, and widely used in several industries.
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