• Chris Quinn

Global Air Compressor Filters and Compressed Air Dryers Market to Reach $6.7 Billion by 2026

Updated: Jun 20

SAN FRANCISCO , June 17, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Air Compressor Filters and Compressed Air Dryers - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Amid the COVID-19 crisis, the global market for Air Compressor Filters and Compressed Air Dryers estimated at US$5.3 Billion in the year 2022, is projected to reach a revised size of US$6.7 Billion by 2026, growing at a CAGR of 5.3% over the analysis period. Compressed Air Dryers, one of the segments analyzed in the report, is projected to grow at a 5.5% CAGR, while growth in the Air Compressor Filters segment is readjusted to a revised 5.1% CAGR. Air compressors and compressed air dryer units are set to exhibit significant gains from the critical need to maintain clean and dry compressed air for industrial and manufacturing activities. Air compressors supply power to a wide variety of machines in many different industries and applications. They are used in a wide range of industrial applications, from pharmaceutical and food and beverage production to chemical and petrochemical manufacturing. Compressed air has a variety of contaminants in it that require removal for the machine to function properly, reduce costly downtime and extend its life. In addition to reducing downtime, clean compressed air results in lower energy costs.

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