According to a new analysis by MarketsandMarketsTM, the Compressed Air Filter and Dryer Market is expected to increase significantly, from USD 5.6 billion in 2023 to USD 7.4 billion in 2028, representing a Compound Annual Growth Rate (CAGR) of 5.8% from 2023 to 2028.

This expansion is explained by the fact that more and more industrial operations are using compressed air systems, which raises productivity. One major motivating driver is the increase in demand for compressed air solutions, especially in the food and beverage sector. The market is experiencing significant growth as a result of the implementation of Industry 4.0, the release of compressed filters with lower energy consumption, and the incorporation of smart control and Internet of Things (IoT) technologies. The Compressed Air Filter and Dryer Market is poised for steady expansion as industries adopt these innovations, indicating the dynamic evolution of compressed air solutions in response to contemporary industrial demands.

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Compressed air filter segment to grow with higher CAGR during the forecast period.

The market for compressed air filters and dryers is well-segmented, with distinct product categories for compressed air dryers and compressed air filters. Particulate filters, coalescing filters, compressed intake filters, and activated carbon filters are some of the sub-segments that make up the category of compressed air filters. The desired level of air purity dictates the choice of filtration and filter types, with different applications requiring different filtration levels. When it comes to getting rid of impurities like lubricants, condensates, and particles, compressed air filters are essential. The requirement for compressed air filters is expected to rise significantly in the near future due to the necessity of clean air in sectors including electronics, pharmaceuticals, and food and beverage.

Automotive industry to hold largest market share during the forecast period.

During the projected period, the automotive industry is expected to maintain its significant market share in the compressed air filter and dryer market. The automobile industry, one of the major revenue-generating sectors in the world, is highly dependent on compressed air dryers and filters to preserve the quality and effectiveness of various manufacturing processes. Global urbanisation and industrialization are booming, and this has raised demand for automobiles, especially in Asia Pacific and Europe. The increased demand for cars is expected to fuel the demand for dryers and compressed air filters, which are essential to maintaining the stable and changing automotive production sector.

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North America accounted for the largest market share of compressed air filter and dryer market in 2023.

Within the continent of North America, which includes the US, Canada, and Mexico, the US leads the compressed air filter and dryer market. As the region's largest user of compressed air systems, the United States comes out on top as the main contributor. The primary drivers of the market are the developed and well-established industries in North America that heavily rely on compressed air filters and dryers. The market for compressed air filters and dryers in North America is expected to grow at a rapid pace due to the large number of production facilities, especially in the food and beverage and automotive industries. This emphasises how important it is for existing industries to guide the growth and development of the compressed air filter and dryer market in North America.

The report profiles key players in compressed air filter and dryer companies such Atlas Copco (Sweden), Ingersoll Rand (US), PARKER HANNIFIN CORP (US), Pentair (UK), and Donaldson Company, Inc. (US) and others.

News Covered:

https://www.prnewswire.com/news-releases/compressed-air-filter-and-dryer-market-worth-7-4-billion-by-2028---exclusive-report-by-marketsandmarkets-301969935.html

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