Dublin, April 10, 2023 (GLOBE NEWSWIRE) -- The "Air Compressor Filters and Compressed Air Dryers: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Air Compressor Filters and Compressed Air Dryers estimated at US$5.4 Billion in the year 2022, is projected to reach a revised size of US$8.6 Billion by 2030, growing at a CAGR of 6.1% over the analysis period 2022-2030.
Compressed Air Dryers, one of the segments analyzed in the report, is projected to record 6.3% CAGR and reach US$5.2 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Air Compressor Filters segment is readjusted to a revised 5.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 8% CAGR
The Air Compressor Filters and Compressed Air Dryers market in the U.S. is estimated at US$1.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$999.4 Million by the year 2030 trailing a CAGR of 8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR.
Select Competitors (Total 190 Featured) -
- Aircel, LLC
- Anest Iwata Corporation
- Atlas Copco
- BEKO Technologies, Corp.
- BOGE Kompressoren
- Donaldson Company
- Eaton Compressor & Fabrication
- Gardner Denver Inc.
- General Air Products
- Ingersoll-Rand
- KAESER KOMPRESSOREN SE
- Mann+Hummel
- Parker-Hannifin
- Quincy Compressors LLC
- Hangzhou Risheng Decontamination Equipment Co.,Ltd
- SPX FLOW, Inc.
- Sullair, LLC
- Sullivan-Palatek Inc
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 659 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $5.4 Billion |
| Forecasted Market Value (USD) by 2030 | $8.6 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Indispensability of Clean, Compressed Air in Industries: The Cornerstone for Growth of Air Compressor Filters & Compressed Air Dryers
- Ubiquity of Compressed Air Usage in Industries Worldwide (in GWh/Year)
- Worries Over Geopolitical Conflicts & Galloping Inflation Overtakes Concerns About the Now Receding COVID-19 Pandemic
- Shaken by the War, Global Oil Prices Spiral & Feed Inflationary Pressures: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2022
- War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation in 2022: Global Inflation Rates (In %) for the Years 2019 Through 2022
- After the Pandemic, Global Economic Uncertainty Surges Again Amid the Russia-Ukraine War, Lowering Growth Expectations for 2022: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
- Persistently High Unemployment Indicates Long-Term Scarring from the COVID-19 Pandemic, Wage Inequality & Uneven Economic Recovery. Tough Times to Continue for Industries Reliant on Consumer Discretionary Incomes Until 2023: Global Number of Unemployed People (In Million) for Years 2019 Through 2023
- Competition
- Air Compressor Filters and Compressed Air Dryers - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Air Compressor Filters & Compressed Air Dryers: Definition, Scope, Types & Applications
- World Brands
- Recent Market Activity
- Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Robust Demand for Compressors Drives Parallel Demand for Air Dryers as an Essential Add-on
- Robust Demand for Compressors Bodes Well for Compressed Air Purification: Global Market for Air Compressors (In US$ Billion) for Years 2022, 2024, 2026, and 2028
- Strong Demand for Packaged Foods Brings Cheer to Air Compressor Filters & Compressed Air Dryers in the Food & Beverage Industry
- Global Opportunity for Packaged Foods (In US$ Billion) for Years 2022, 2024, 2026 and 2028
- Growing Popularity of High Pressure Food Processing and Packaging to Spur Growth in the Food & Beverage End-Use Industry
- Established Applications to Sustain Growth in the Post COVID-19 Period
- Rising Use of Class 0 Air in Pharmaceutical Packaging Boosts Market Prospects
- Sustainability Pressures Put Energy Savings & Energy Efficient Compressed Air Dryers Into the Spotlight
- Sustainability Becomes More Important than Ever. Here's Why
- The Time to Get Our Act Together & Move Towards a Circular Bioeconomy Has Come: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, & 2020
- Energy Savings & Energy Efficiency in the Spotlight
- Percentage Share Breakdown of Savings Accruing from Energy Efficient Operation of Compressed Air Dryers
- Refrigerant Compressed Air Dryers Storms Into the Spotlight for Eco-Friendly Benefits
- Use of IOT in the Compressed Air Industry Grows Stronger and More Widespread
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/hjisvc
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