The Europe Compressed Air Filter and Dryer Market would witness market growth of 5.3% CAGR during the forecast period (2021-2027).
Clean air is required for an effective compressed air system, which is essential for the proper operation of industrial equipment. The compressor, on the other hand, contains impurities from the surrounding environment as well as toxins from the compressor itself. Moreover, these pollutants degrade end-of-life equipment, lowering its longevity. As a result, in a variety of end-use applications, compressed air quality is critical.
To ensure optimum factory uptime, these devices increase end-use machinery performance and reliability while minimizing CO2 emissions, energy consumption, and operational expenses. As a result, products usage has expanded in various end-use industries, including chemical, food & beverage, automotive, and aerospace & military. To create a safe and cost-effective manufacturing facility in the food and beverage sector, unprocessed compressed air contains many dangerous impurities that must be eliminated or reduced to acceptable norms.
Some of the key trends of the regional market are a high concentration of manufacturing facilities, increased disposable income, stable economic expansion, high availability of raw materials, and a host of favorable government initiatives. For example, the British Compressed Air Society (BCAS), the industry's governing body, and the British Retail Consortium (BRC), which represents the retail sector, have collaborated to develop a Code of Practice for Food Grade Compressed Air to regulate standards for food manufacturers in the United Kingdom.
Germany has a lot of potential because of its manufacturing units, which are heavily influenced by the automobile industry. Moreover, enterprises rely on compressed air to secure greater energy, and thorough cleaning is required from time to time to assure superior use.
The Germany market dominated the Europe Compressed Air Filter and Dryer Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $458.9 million by 2027. The UK market is estimated to grow at a CAGR of 4.4% during (2021 - 2027). Additionally, The France market would witness a CAGR of 6.1% during (2021 - 2027).
Based on Product, the market is segmented into Compressed Air Dryers and Compressed Air Filters. Based on Compressed Air Dryers Type, the market is segmented into Refrigeration Dryers, Desiccant/Adsorption Dryers, Deliquescent Dryers and Membrane Dryers. Based on Compressed Air Filters Type, the market is segmented into Particulate Filters, Coalescing Filters, Compressed Intake Filters and Activated Carbon Filters. Based on Industry, the market is segmented into Automotive, Metals & Machinery, Pharmaceuticals, Electronics, Oil & Gas, Chemicals, Power Generation, Food & Beverages and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Compressed Air Filter and Dryer Market Size will Hit $7.2 Billion by 2027, at a CAGR of 6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ingersoll Rand, Inc., Parker Hannifin Corporation, Pentair PLC, Donaldson Company, Inc., SPX Flow, Inc., Atlas Copco AB, BOGE Compressed Air Systems GmbH & Co. KG, Sullair, LLC (Hitachi Group), Sullivan-Palatek, Inc., and Kaeser Kompressoren SE.
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