The global air compressor filter and compressed air dryer market has experienced growth due to several factors such as industrialization and surge in demand for compressed air solution in oil & gas exploration and production.

Wilmington, Delaware, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Air Compressor Filter and Compressed Air Dryer Market by Product Type (Compressed Air Dryers and Compressed Air Filters), and Industry (Automotive, Oil & Gas, Chemicals, Power Generation, Food & Beverage, Metals & Machinery, Pharmaceuticals, Electronics and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the air compressor filter and compressed air dryer market was valued at $5.7 billion in 2023, and is estimated to reach $10.2 billion by 2033, growing at a CAGR of 6.1% from 2024 to 2033.

Prime determinants of growth

The growing demand for compressed air across diverse industries is driving the market growth for air compressor filters and compressed air dryers. Compressed air is a vital component used in a wide range of industrial processes, such as manufacturing, construction, automotive, pharmaceuticals, food & beverage, and electronics assembly. As industries continue to expand and modernize, the demand for compressed air systems grows, driving the need for efficient filtration and drying solutions.

The ongoing expansion of industrial activities, particularly in emerging economies, fuels the demand for compressed air systems to power various manufacturing processes. As industries grow and modernize, the need for reliable and high-quality compressed air increases, thereby driving the demand for air compressor filters and dryers.

Industries are subject to stringent regulations and quality standards regarding air quality, workplace safety, and environmental protection. Compliance with these standards necessitates the use of effective air compressor filters and dryers to ensure the purity, cleanliness, and dryness of compressed air. The need for regulatory compliance drives market growth as industries invest in air treatment solutions to meet these requirements.