The North America Compressed Air Filter and Dryer Market would witness market growth of 5.3% CAGR during the forecast period (2021-2027).
The selection of all parts within a compressed air system must be carefully examined to achieve the compressed air system's intended performance and reliability. The growing usage of compressed air, as well as the creation of several new and more sophisticated equipment and controls, has raised the demand for clean, dry air. In addition, compressed air dryers are specialized filtration systems designed to eliminate the water that is naturally present in compressed air.
Compressed air dryers have grown in popularity in recent years as a result of their numerous applications in a variety of industries, including healthcare and medicine. In recent years, manufacturers have expanded their manufacturing capacity to meet expanding demand. Medical air dryers are utilized for patient care in the healthcare business and are meant to remove water vapor during the compression of air.
The region is one of the world's largest automotive markets, as well as one of the fastest-growing automotive sectors. In addition, electric vehicles also require more compressed air filters than conventional vehicles.
The compressed air dryer market in the United States is predicted to account for a significant fraction of the overall market. The country's air treatment equipment market is expected to grow due to factors such as the availability of big production facilities, the adoption of new gear, and the accessibility of obtaining raw materials. Moreover, a number of government-sponsored industrialization programs are predicted to be the epicenter for the manufacture and use of compressed air dryers and air dryer filters. In the United States, rapid industrialization and growing manufacturing facilities would generate higher demand for these systems.
The US market dominated the North America 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 $1,830.1 million by 2027. The Canada market is anticipated to grow at a CAGR of 7.6% during (2021 - 2027). Additionally, The Mexico market would display a CAGR of 6.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Compressed Air Filter and Dryer Market is Estimated to reach $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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