出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年10月
Compressed Air Filter and Dryer Market – Global Forecast to 2028
圧縮エアフィルターおよびエアドライヤー市場 : 製品タイプ [エアドライヤー (冷凍、乾燥剤、潮解性、膜)、エアフィルター (微粒子、凝集、圧縮吸入、活性炭)]、業界、地域別 – 2028年までの世界予測
Compressed Air Filter and Dryer Market by Product Type (Air Dryer (Refrigeration, Desiccant, Deliquescent, Membrane), Air Filter (Particulate, Coalescing, Compressed Intake, Activated Carbon)), Industry, Region – Global Forecast to 2028
| ページ数 | 235 |
| 図表数 | 260 |
| 種別 | 英文調査報告書 |
| 価格 |
Report Overview
The compressed air filter and dryer market is expected to reach USD 7.4 billion by 2028 from USD 5.6 billion in 2023, at a CAGR of 5.8% from 2023–2028. The growth of this market is attributed to the Rising need to handle increasingly large and complex dataset and emerging industrial IoT and automation technologies.
“Refrigeration dryers segment to hold the largest market share throughout the forecast period”
Compressed air dryers are sub-segmented into into four types of dryers rfrigeration dryers, desiccant/adsorption dryers, deliquescent dryers, and membrane dryers. Refrigeration dryers are the most used dryers in the manufacturing industry, having relatively low initial and operating costs. These dryers are used for corrosion prevention by removing moisture from compressed air systems at low ambient temperatures. They are essential for ensuring the proper functioning and longevity of various pneumatic equipment and processes that rely on compressed air. These dryers are extensively used in industries where the temperature of compressed air needs to be regulated and high dryness of the air is required. Therefore, refrigeration dryers accounted for a larger market share.
“Automotive Industry is to hold largest market share in 2023.”
The compressed air filter and dryer market is largely influenced by the automotive industry, primarily due to its requirement for uncontaminated and dry compressed air in crucial manufacturing processes such as painting and assembly. Stringent regulations and the industry’s high-volume production requirements drive the demand for reliable air filtration systems. This emphasis on innovation and compliance secures the automotive industry’s prominent position in the compressed air filter and dryer market. Moreover, Growing industrialization and urbanization across the world have increased the demand for vehicles. In regions such as Asia Pacific and Europe, the demand for automobiles is growing rapidly, which is expected to propel the demand for compressed air filters and dryers.
“China is to dominate the compressed air filter and dryer market of Asia Pacific in 2023”
Asia Pacific consists of some of the fastest-growing economies—such as China, Japan, and India. China is a key manufacturing hub in the Asia Pacific region. The country is a major force of a compressed air filter and dryer in Asia Pacific. The growth in infrastructure development projects in China’s tier one and tier two cities encourages companies to invest in compressed air systems. Compressed air filters and dryers are used for PCB manufacturing, cleaning of electronic equipment, maintaining a clean and dry environment around sensitive instruments, and packaging of electronics. Hence, the demand for compressed air filters and dryers is expected to be high in China.
The break-up of the profiles of primary participants:
• By Company Type – Tier 1 – 45%, Tier 2 – 35%, and Tier 3 – 20%
• By Designation – C-level Executives – 40%, Directors – 35%, and Others – 25%
• By Region – North America – 30%, Europe – 25%, Asia Pacific – 35%, and Rest of the World – 10%
Major players in the compressed air filter and dryer market include Atlas Copco, Ingersoll Rand, PARKER HANNIFIN CORP, Pentair, and Donaldson Company, Inc. and others.
Research Coverage
The report segments the compressed air filter and dryer market by Product Type, Industry, and Region. The report also comprehensively reviews drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the overall compressed air filter and dryer market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Analysis of critical drivers (Increasing use of compressed air systems in various industrial processes to enhance productivity, Rising demand for compressed air solutions in food & beverage industry, Growing use of compressed air dryers to shield equipment in settings susceptible to hazardous and corrosive conditions, Surging demand for compressed air solutions in oil & gas exploration and production, and Increasing demand for compressed air filters to filter contaminants up to several microns), restraints (Requirement for periodic maintenance, Safety concerns associated with use of compressed air systems with high operating pressure), opportunities (Growing use of class 0 air in pharmaceutical packaging processes, Increasing adoption of advanced technologies and growing industrialization in developing nations, Growing use of Internet of Things (IoT)-enabled systems in compressed air industry), challenges (Need to maintain specific environmental conditions to ensure effective and reliable operation of air treatment systems, Lack of knowledge for proper utilization and maintenance of compressed air filters and dryers, Reluctance of small and medium-sized enterprises (SMEs) to shift from traditional air filtration systems to advanced compressed air filters ) influencing the growth of the compressed air filter and dryer market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the compressed air filter and dryer market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the compressed air filter and dryer market across various regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the compressed air filter and dryer market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Atlas Copco (Sweden), Ingersoll Rand (US), PARKER HANNIFIN CORP (US), Pentair (UK), and Donaldson Company, Inc. (US).
Table of Contents
1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 32
1.2.1 INCLUSIONS AND EXCLUSIONS 33
1.3 STUDY SCOPE 33
1.3.1 MARKETS COVERED 33
FIGURE 1 COMPRESSED AIR FILTER AND DRYER MARKET: SEGMENTATION 33
1.3.2 REGIONAL SCOPE 34
1.3.3 YEARS CONSIDERED 34
1.4 CURRENCY CONSIDERED 34
1.5 STAKEHOLDERS 35
1.6 SUMMARY OF CHANGES 35
1.6.1 RECESSION IMPACT ANALYSIS 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
FIGURE 2 COMPRESSED AIR FILTER AND DRYER MARKET: RESEARCH DESIGN 38
2.1.1 SECONDARY AND PRIMARY RESEARCH 39
2.1.2 SECONDARY DATA 39
2.1.2.1 List of major secondary sources 39
2.1.2.2 Key data from secondary sources 40
2.1.3 PRIMARY DATA 40
2.1.3.1 Primary interviews with experts 40
2.1.3.2 Key data from primary sources 41
2.1.3.3 Key industry insights 41
2.1.3.4 Breakdown of primaries 42
2.2 MARKET SIZE ESTIMATION 42
2.2.1 BOTTOM-UP APPROACH 42
2.2.1.1 Approach to derive market size using bottom-up analysis
(demand side) 42
FIGURE 3 COMPRESSED AIR FILTER AND DRYER MARKET: BOTTOM-UP APPROACH 43
2.2.2 TOP-DOWN APPROACH 43
2.2.2.1 Approach to derive market size using top-down analysis (supply side) 43
FIGURE 4 COMPRESSED AIR FILTER AND DRYER MARKET: TOP-DOWN APPROACH 44
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS 44
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 45
FIGURE 6 DATA TRIANGULATION 45
2.4 RESEARCH ASSUMPTIONS 46
2.5 RISK ASSESSMENT 46
2.6 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON COMPRESSED AIR FILTER AND DRYER MARKET 46
2.7 RESEARCH LIMITATIONS 47
3 EXECUTIVE SUMMARY 48
FIGURE 7 COMPRESSED AIR FILTER AND DRYER MARKET, 2019–2028 (USD MILLION) 48
FIGURE 8 COMPRESSED AIR DRYERS SEGMENT TO CAPTURE LARGER SHARE OF COMPRESSED AIR FILTER AND DRYER MARKET IN 2028 49
FIGURE 9 FOOD & BEVERAGES SEGMENT TO REGISTER HIGHEST CAGR IN COMPRESSED AIR FILTER AND DRYER MARKET DURING FORECAST PERIOD 49
FIGURE 10 MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 50
4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN COMPRESSED AIR FILTER AND DRYER MARKET 51
FIGURE 11 INCREASING DEMAND FROM FOOD & BEVERAGES INDUSTRY TO DRIVE MARKET 51
4.2 COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE 51
FIGURE 12 COMPRESSED AIR DRYERS SEGMENT TO ACCOUNT FOR LARGER SHARE OF COMPRESSED AIR FILTER AND DRYER MARKET DURING FORECAST PERIOD 51
4.3 COMPRESSED AIR FILTERS MARKET, BY FILTER TYPE 52
FIGURE 13 PARTICULATE FILTERS TO HOLD LARGEST SHARE OF COMPRESSED AIR FILTERS MARKET IN 2023 52
4.4 COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY 52
FIGURE 14 AUTOMOTIVE SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE FROM 2023 TO 2028 52
4.5 COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION 53
FIGURE 15 COMPRESSED AIR FILTER AND DRYER MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 53
5 MARKET OVERVIEW 54
5.1 INTRODUCTION 54
5.2 MARKET DYNAMICS 54
FIGURE 16 COMPRESSED AIR FILTER AND DRYER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 54
5.2.1 DRIVERS 55
5.2.1.1 Growing use of compressed air systems in various industrial processes to increase productivity 55
TABLE 1 INDUSTRIAL APPLICATIONS OF COMPRESSED AIR SYSTEMS 55
5.2.1.2 Rising demand for compressed air systems in food & beverages industry 56
FIGURE 17 CAPITAL EXPENDITURE BY TOP 100 COMPANIES IN FOOD & BEVERAGES INDUSTRY, 2019–2022 (USD BILLION) 56
5.2.1.3 Suitability of compressed air filters and dryers in hazardous industrial environments 57
5.2.1.4 Increasing demand for compressed air systems in oil and gas exploration and production 57
5.2.1.5 Increasing demand for compressed air filters in various industries to filter contaminants up to several microns 57
FIGURE 18 COMPRESSED AIR FILTER AND DRYER MARKET: IMPACT ANALYSIS OF DRIVERS 58
5.2.2 RESTRAINTS 58
5.2.2.1 Requirement for periodic maintenance 58
5.2.2.2 Safety concerns associated with use of compressed air systems with high operating pressure 59
FIGURE 19 COMPRESSED AIR FILTER AND DRYER MARKET: IMPACT ANALYSIS OF RESTRAINTS 59
5.2.3 OPPORTUNITIES 59
5.2.3.1 Rising use of class 0 air in pharmaceutical packaging processes 59
5.2.3.2 Growing adoption of advanced technologies and increasing industrialization in developing nations 59
5.2.3.3 Adoption of Internet of Things (IoT)-enabled compressed air systems in industrial facilities 60
FIGURE 20 COMPRESSED AIR FILTER AND DRYER MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 60
5.2.4 CHALLENGES 61
5.2.4.1 Performance limitations of air treatment systems in varying environmental conditions 61
5.2.4.2 Lack of knowledge for proper utilization and maintenance of compressed air filters and dryers 61
5.2.4.3 Reluctance of small and medium-sized enterprises (SMEs) to shift from traditional air filtration systems to advanced compressed air filters 61
FIGURE 21 COMPRESSED AIR FILTER AND DRYER MARKET: IMPACT ANALYSIS OF CHALLENGES 62
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 62
FIGURE 22 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 62
5.4 PRICING ANALYSIS 63
TABLE 2 AVERAGE SELLING PRICE (ASP) OF COMPRESSED AIR FILTERS AND DRYERS 63
FIGURE 23 AVERAGE SELLING PRICE OF COMPRESSED AIR FILTERS, 2019–2028 (USD) 63
FIGURE 24 AVERAGE SELLING PRICE OF COMPRESSED AIR DRYERS, 2019–2028 (USD) 64
5.4.1 AVERAGE SELLING PRICE OF REFRIGERATION-COMPRESSED AIR DRYERS, BY MAXIMUM INLET TEMPERATURE 64
FIGURE 25 AVERAGE SELLING PRICE OF REFRIGERATION-COMPRESSED AIR DRYERS OFFERED BY TOP THREE COMPANIES, BY MAXIMUM INLET TEMPERATURE 64
TABLE 3 AVERAGE SELLING PRICE OF REFRIGERATION-COMPRESSED AIR DRYERS OFFERED BY TOP THREE COMPANIES, BY MAXIMUM INLET TEMPERATURE (USD) 65
5.4.2 AVERAGE SELLING PRICE TREND, BY REGION 65
TABLE 4 AVERAGE SELLING PRICE OF COMPRESSED AIR DRYERS AND FILTERS, BY REGION, 2022 (USD) 65
5.5 SUPPLY CHAIN ANALYSIS 65
FIGURE 26 COMPRESSED AIR FILTER AND DRYER MARKET: SUPPLY CHAIN ANALYSIS 65
5.6 ECOSYSTEM 66
FIGURE 27 COMPRESSED AIR FILTER AND DRYER MARKET: ECOSYSTEM MAPPING 66
TABLE 5 COMPANIES AND THEIR ROLE IN COMPRESSED AIR FILTER AND DRYER ECOSYSTEM 67
5.7 TECHNOLOGY ANALYSIS 68
5.7.1 INTERNET OF THINGS (IOT) 68
5.7.2 INDUSTRY 4.0 68
5.7.3 DIGITAL TWIN 69
5.8 PATENT ANALYSIS 69
FIGURE 28 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 69
TABLE 6 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS 70
FIGURE 29 NUMBER OF PATENTS GRANTED PER YEAR, 2013–2022 71
TABLE 7 PATENTS RELATED TO COMPRESSED AIR FILTERS AND DRYERS 71
5.9 TRADE ANALYSIS 72
5.9.1 IMPORT SCENARIO 72
FIGURE 30 IMPORT DATA FOR HS CODE 841430-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2018−2022 (USD MILLION) 72
5.9.2 EXPORT SCENARIO 73
FIGURE 31 EXPORT DATA FOR HS CODE 841430-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2018−2022 (USD MILLION) 73
5.10 KEY CONFERENCES AND EVENTS, 2023–2025 74
TABLE 8 COMPRESSED AIR FILTER AND DRYER MARKET: KEY CONFERENCES AND EVENTS 74
5.11 CASE STUDY ANALYSIS 75
TABLE 9 GREENTECH BEVERAGE CO. PARTNERED WITH ATLAS COPCO TO IMPROVE AIR QUALITY IN BEVERAGE PRODUCTION PROCESS 75
TABLE 10 FRESHFOODS INC. CHOSE CLEANAIR SYSTEMS’ PUREAIRPRO TO RESOLVE QUALITY CONTROL ISSUES AND MEET STRICT FOOD SAFETY STANDARDS 75
TABLE 11 DUISBURG-BASED STEEL PLANT REPLACED THREE REFRIGERATION DRYERS TO ENSURE OPTIMUM EFFICIENCY AND SMOOTH AND SECURE FUNCTIONING 76
TABLE 12 LOCAL DAIRY IN OLDENBURG, GERMANY, ENSURES COMPLIANCE WITH STRINGENT STANDARDS WITH KAESER COMPRESSORS’ REFRIGERATED DRYERS 76
5.12 STANDARDS AND REGULATORY LANDSCAPE 77
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
TABLE 16 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
5.12.2 STANDARDS 79
5.12.3 SAFETY STANDARDS ASSOCIATED WITH COMPRESSED AIR FILTERS AND DRYERS 80
TABLE 17 SAFETY STANDARDS RELATED TO COMPRESSED AIR FILTERS AND DRYERS 80
5.13 PORTER’S FIVE FORCES ANALYSIS 81
FIGURE 32 COMPRESSED AIR FILTER AND DRYER MARKET: PORTER’S FIVE FORCES ANALYSIS 81
TABLE 18 COMPRESSED AIR FILTER AND DRYER MARKET: PORTER’S FIVE FORCES ANALYSIS 82
5.13.1 INTENSITY OF COMPETITIVE RIVALRY 82
5.13.2 BARGAINING POWER OF SUPPLIERS 82
5.13.3 BARGAINING POWER OF BUYERS 82
5.13.4 THREAT OF SUBSTITUTES 82
5.13.5 THREAT OF NEW ENTRANTS 83
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 83
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 83
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES 83
TABLE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES (%) 83
5.14.2 BUYING CRITERIA 84
FIGURE 34 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES 84
TABLE 20 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES 84
6 COMPONENTS OF COMPRESSED AIR FILTERS AND RECENT TRENDS 85
6.1 INTRODUCTION 85
6.2 COMPONENTS OF COMPRESSED AIR FILTERS 85
6.2.1 HOUSING ELEMENTS 85
6.2.2 FILTER ELEMENTS 85
6.3 CLASSIFICATION OF COMPRESSED AIR DRYERS BASED ON CAPACITY 86
6.3.1 <2,000 M3/HR 86
6.3.2 2,000–5,000 M3/HR 86
6.3.3 >5,000 M3/HR 86
6.4 RECENT TRENDS IN COMPRESSED AIR INDUSTRY 86
6.4.1 CONTINUOUS SYSTEM MONITORING 87
6.4.2 EQUIPMENT DESIGN INNOVATION 87
6.4.3 DEMAND-SIDE REDUCTION 87
6.4.4 COMPRESSOR CONTROL 88
6.4.5 AIR AUDITING 88
7 KEY TRENDS AND ADVANCEMENTS IN COMPRESSED AIR FILTER AND DRYER MARKET 89
7.1 INTRODUCTION 89
7.2 TRENDS AND ADVANCEMENTS IN COMPRESSED AIR FILTERS 89
7.2.1 LAUNCH OF ENERGY-EFFICIENT COMPRESSED AIR FILTERS 89
7.2.2 INTEGRATION OF NANOFIBER TECHNOLOGY 89
7.2.3 ADOPTION OF INDUSTRY 4.0 89
7.2.4 FOCUS ON SMART FILTER MANAGEMENT 90
7.2.5 PREFERENCE FOR REMOTE MONITORING AND TELEMETRY 90
7.2.6 INTEGRATION INTO AIR COMPRESSORS 90
7.2.7 DEVELOPMENT OF ADVANCED FILTRATION TECHNOLOGIES 90
7.3 TRENDS AND ADVANCEMENTS IN COMPRESSED AIR DRYERS 91
7.3.1 INTEGRATION INTO VARIABLE SPEED DRIVE COMPRESSORS 91
7.3.2 INNOVATION OF ENERGY-EFFICIENT AND MODULAR DESIGNS 91
7.3.3 ADOPTION OF SMART CONTROL AND IOT TECHNOLOGIES 91
7.3.4 FOCUS ON ENVIRONMENTAL SUSTAINABILITY 91
7.3.5 LAUNCH OF HYBRID DRYER SYSTEMS 92
7.3.6 PREFERENCE FOR REMOTE SERVICES AND MAINTENANCE 92
7.3.7 NEED FOR COMPRESSED AIR QUALITY MONITORING 92
8 APPLICATIONS OF COMPRESSED AIR FILTERS AND DRYERS 93
8.1 INTRODUCTION 93
FIGURE 35 APPLICATIONS OF COMPRESSED AIR FILTERS AND DRYERS 93
8.2 CONDENSED WATER REMOVAL 93
FIGURE 36 CONDENSED WATER REMOVAL MECHANISM 94
8.3 OIL REMOVAL 94
FIGURE 37 OIL REMOVAL MECHANISM 95
8.4 MIST REMOVAL 95
FIGURE 38 MIST REMOVAL MECHANISM 96
8.5 PARTICULATE REMOVAL 96
FIGURE 39 PARTICULATE REMOVAL MECHANISM 97
9 COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE 98
9.1 INTRODUCTION 99
FIGURE 40 COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE 99
FIGURE 41 COMPRESSED AIR DRYERS SEGMENT TO ACCOUNT FOR LARGER SIZE OF COMPRESSED AIR FILTER AND DRYER MARKET IN 2023 99
TABLE 21 COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 100
TABLE 22 COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 100
9.2 COMPRESSED AIR DRYERS 100
FIGURE 42 REFRIGERATION DRYERS SEGMENT TO ACCOUNT FOR LARGEST SIZE OF COMPRESSED AIR DRYERS MARKET DURING FORECAST PERIOD 101
TABLE 23 COMPRESSED AIR DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY TYPE, 2019–2022 (USD MILLION) 101
TABLE 24 COMPRESSED AIR DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY TYPE, 2023–2028 (USD MILLION) 101
TABLE 25 COMPRESSED AIR DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION) 102
TABLE 26 COMPRESSED AIR DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION) 102
9.2.1 REFRIGERATION DRYERS 102
9.2.1.1 Extensive utilization of refrigeration dryers in manufacturing industry to drive market 102
TABLE 27 OVERVIEW OF REFRIGERATION DRYERS 103
TABLE 28 REFRIGERATION DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 103
TABLE 29 REFRIGERATION DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 104
9.2.2 DESICCANT/ADSORPTION DRYERS 104
9.2.2.1 Ability to prevent corrosion and damage from water vapor in industrial applications to drive demand for desiccant dryers 104
TABLE 30 OVERVIEW OF DESICCANT/ADSORPTION DRYERS 105
TABLE 31 DESICCANT/ADSORPTION DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 105
TABLE 32 DESICCANT/ADSORPTION DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 105
9.2.3 DELIQUESCENT DRYERS 106
9.2.3.1 Suitability in remote, hazardous, or mobile work sites to induce demand for deliquescent dryers 106
TABLE 33 OVERVIEW OF DELIQUESCENT DRYERS 106
TABLE 34 DELIQUESCENT DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 107
TABLE 35 DELIQUESCENT DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 107
9.2.4 MEMBRANE DRYERS 108
9.2.4.1 Efficiency in removing contaminants from integrated air compression systems to boost adoption of membrane dryers 108
TABLE 36 OVERVIEW OF MEMBRANE DRYERS 108
TABLE 37 MEMBRANE DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 108
TABLE 38 MEMBRANE DRYERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 109
9.3 COMPRESSED AIR FILTERS 109
FIGURE 43 PARTICULATE FILTERS SEGMENT TO ACCOUNT FOR LARGEST SIZE OF COMPRESSED AIR FILTERS MARKET IN 2023 110
TABLE 39 COMPRESSED AIR FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY TYPE, 2019–2022 (USD MILLION) 110
TABLE 40 COMPRESSED AIR FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY TYPE, 2023–2028 (USD MILLION) 110
TABLE 41 COMPRESSED AIR FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION) 111
TABLE 42 COMPRESSED AIR FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION) 111
9.3.1 PARTICULATE FILTERS 111
9.3.1.1 Increasing adoption of automation and pneumatic control systems in industries to fuel demand for particulate filters 111
TABLE 43 OVERVIEW OF PARTICULATE FILTERS 112
TABLE 44 PARTICULATE FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 112
TABLE 45 PARTICULATE FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 112
9.3.2 COALESCING FILTERS 113
9.3.2.1 Increasing reliance of various industries on pneumatic systems to accelerate adoption of coalescing filters 113
TABLE 46 OVERVIEW OF COALESCING FILTERS 113
TABLE 47 COALESCING FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 114
TABLE 48 COALESCING FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 114
9.3.3 COMPRESSED INTAKE FILTERS 115
9.3.3.1 Need to reduce harmful industrial emissions to boost uptake of compressed intake filters 115
TABLE 49 OVERVIEW OF COMPRESSED INTAKE FILTERS 115
TABLE 50 COMPRESSED INTAKE FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 115
TABLE 51 COMPRESSED INTAKE FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 116
9.3.4 ACTIVATED CARBON FILTERS 116
9.3.4.1 Superior efficiency in removing suspended impurities to drive market for activated carbon filters 116
TABLE 52 OVERVIEW OF ACTIVATED CARBON FILTERS 116
TABLE 53 ACTIVATED CARBON FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 117
TABLE 54 ACTIVATED CARBON FILTERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 117
10 COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY 118
10.1 INTRODUCTION 119
FIGURE 44 COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY 119
FIGURE 45 AUTOMOTIVE SEGMENT TO COMMAND LARGEST SHARE OF COMPRESSED AIR FILTER AND DRYER MARKET IN 2023 120
TABLE 55 COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 120
TABLE 56 COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 121
10.2 AUTOMOTIVE 121
10.2.1 NEED TO MAINTAIN INTEGRITY OF AUTOMOBILE MANUFACTURING PROCESSES TO BOOST ADOPTION OF AIR FILTERS AND DRYERS 121
TABLE 57 AUTOMOTIVE: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 122
TABLE 58 AUTOMOTIVE: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 122
TABLE 59 AUTOMOTIVE: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION) 122
TABLE 60 AUTOMOTIVE: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION) 123
10.3 OIL & GAS 123
10.3.1 ADVANCES IN DRILLING TECHNIQUES AND OIL REFINEMENT PROCESSES TO NECESSITATE USE OF AIR FILTERS AND DRYERS 123
TABLE 61 OIL & GAS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 124
TABLE 62 OIL & GAS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 124
TABLE 63 OIL & GAS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION) 124
TABLE 64 OIL & GAS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION) 124
10.4 CHEMICALS 125
10.4.1 NEED TO MAINTAIN PURITY AND DRYNESS OF COMPRESSED AIR IN CHEMICAL PRODUCTION TO DRIVE MARKET 125
TABLE 65 CHEMICALS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 125
TABLE 66 CHEMICALS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 126
TABLE 67 CHEMICALS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION) 126
TABLE 68 CHEMICALS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION) 126
10.5 POWER GENERATION 127
10.5.1 NEED TO MAINTAIN EFFICIENCY AND SAFETY OF POWER PLANT EQUIPMENT TO PROPEL ADOPTION OF AIR FILTERS AND DRYERS 127
TABLE 69 POWER GENERATION: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 127
TABLE 70 POWER GENERATION: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 127
TABLE 71 POWER GENERATION: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION) 128
TABLE 72 POWER GENERATION: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION) 128
10.6 FOOD & BEVERAGES 128
10.6.1 GROWING ADOPTION OF COMPRESSED AIR IN FOOD PACKAGING, PROCESSING, AND BOTTLING TO DRIVE MARKET 128
TABLE 73 FOOD & BEVERAGES: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 129
TABLE 74 FOOD & BEVERAGES: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 129
TABLE 75 FOOD & BEVERAGES: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION) 129
TABLE 76 FOOD & BEVERAGES: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION) 130
10.7 METALS & MACHINERY 130
10.7.1 INCREASING METAL PRODUCTION IN ASIA PACIFIC TO INDUCE DEMAND FOR COMPRESSED AIR FILTERS AND DRYERS 130
TABLE 77 METALS & MACHINERY: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 131
TABLE 78 METALS & MACHINERY: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 131
TABLE 79 METALS & MACHINERY: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION) 131
TABLE 80 METALS & MACHINERY: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION) 131
10.8 PHARMACEUTICALS 132
10.8.1 NEED FOR COMPRESSED, HIGHLY PURE AIR IN PHARMACEUTICAL PRODUCTION TO DRIVE MARKET 132
TABLE 81 PHARMACEUTICALS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 132
TABLE 82 PHARMACEUTICALS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 133
TABLE 83 PHARMACEUTICALS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION) 133
TABLE 84 PHARMACEUTICALS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION) 133
10.9 ELECTRONICS 134
10.9.1 ABILITY TO PURIFY AIR WITH HIGH OPERATIONAL EFFICIENCY FOR SENSITIVE CHIP-BOARD ASSEMBLY TO DRIVE SEGMENTAL GROWTH 134
TABLE 85 ELECTRONICS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 134
TABLE 86 ELECTRONICS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 134
TABLE 87 ELECTRONICS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION) 135
TABLE 88 ELECTRONICS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION) 135
10.10 OTHERS 135
TABLE 89 OTHERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 136
TABLE 90 OTHERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 136
TABLE 91 OTHERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION) 136
TABLE 92 OTHERS: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION) 137
11 COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION 138
11.1 INTRODUCTION 139
FIGURE 46 INDIA TO BE FASTEST-GROWING COUNTRY-LEVEL AIR FILTER AND DRYER MARKET FROM 2023 TO 2028 139
FIGURE 47 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN COMPRESSED AIR FILTER AND DRYER MARKET DURING FORECAST PERIOD 139
TABLE 93 COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION) 140
TABLE 94 COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION) 140
11.2 NORTH AMERICA 141
11.2.1 NORTH AMERICA: RECESSION IMPACT 141
FIGURE 48 NORTH AMERICA: COMPRESSED AIR FILTER AND DRYER MARKET SNAPSHOT 142
TABLE 95 NORTH AMERICA: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 142
TABLE 96 NORTH AMERICA: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 143
TABLE 97 NORTH AMERICA: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 143
TABLE 98 NORTH AMERICA: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 144
TABLE 99 NORTH AMERICA: COMPRESSED AIR FILTER AND DRYER MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 144
TABLE 100 NORTH AMERICA: COMPRESSED AIR FILTER AND DRYER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 144
11.2.2 US 145
11.2.2.1 Growing popularity of EVs to boost demand for compressed air filters and dryers 145
11.2.3 CANADA 145
11.2.3.1 Increasing hydroelectric power generation to drive growth 145
11.2.4 MEXICO 146
11.2.4.1 Increasing automobile manufacturing to boost demand for compressed air filters and dryers 146
11.3 EUROPE 146
11.3.1 EUROPE: RECESSION IMPACT 146
FIGURE 49 EUROPE: COMPRESSED AIR FILTER AND DRYER MARKET SNAPSHOT 147
TABLE 101 EUROPE: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 147
TABLE 102 EUROPE: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 148
TABLE 103 EUROPE: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 148
TABLE 104 EUROPE: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 149
TABLE 105 EUROPE: COMPRESSED AIR FILTER AND DRYER MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 149
TABLE 106 EUROPE: COMPRESSED AIR FILTER AND DRYER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 149
11.3.2 GERMANY 150
11.3.2.1 Presence of established compressed air systems manufacturers to favor market growth 150
11.3.3 UK 150
11.3.3.1 Increasing focus on quality standards in food and beverage industry to boost adoption of compressed air filters and dryers 150
11.3.4 FRANCE 151
11.3.4.1 Thriving metals & machinery to contribute to market growth 151
11.3.5 ITALY 151
11.3.5.1 Increasing demand from automotive and pharmaceuticals industries to drive market 151
11.3.6 REST OF EUROPE 151
11.4 ASIA PACIFIC 152
11.4.1 ASIA PACIFIC: RECESSION IMPACT 152
FIGURE 50 ASIA PACIFIC: COMPRESSED AIR FILTER AND DRYER MARKET SNAPSHOT 153
TABLE 107 ASIA PACIFIC: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 153
TABLE 108 ASIA PACIFIC: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 154
TABLE 109 ASIA PACIFIC: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 154
TABLE 110 ASIA PACIFIC: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 155
TABLE 111 ASIA PACIFIC: COMPRESSED AIR FILTER AND DRYER MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 155
TABLE 112 ASIA PACIFIC: COMPRESSED AIR FILTER AND DRYER MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 155
11.4.2 CHINA 156
11.4.2.1 Infrastructure development projects in tier-one and tier-two cities to drive market 156
11.4.3 JAPAN 156
11.4.3.1 Presence of established automotive industry to support market growth 156
11.4.4 INDIA 157
11.4.4.1 Government-led initiatives to boost electronics production to fuel market growth 157
11.4.5 REST OF ASIA PACIFIC 157
11.5 REST OF THE WORLD 158
TABLE 113 REST OF THE WORLD: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION) 158
TABLE 114 REST OF THE WORLD: COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 158
TABLE 115 REST OF THE WORLD: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 158
TABLE 116 REST OF THE WORLD: COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 159
TABLE 117 REST OF THE WORLD: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2019–2022 (USD MILLION) 159
TABLE 118 REST OF THE WORLD: COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION, 2023–2028 (USD MILLION) 159
11.5.1 SOUTH AMERICA 160
11.5.1.1 Oil & gas industry to offer lucrative growth opportunities to market players 160
11.5.2 GCC 160
11.5.2.1 Increasing power generation to strengthen market outlook 160
11.5.3 AFRICA & REST OF MIDDLE EAST 161
11.5.3.1 Increasing manufacturing activities to induce demand for compressed air filters and dryers 161
12 COMPETITIVE LANDSCAPE 162
12.1 OVERVIEW 162
12.2 STRATEGIES ADOPTED BY KEY PLAYERS 162
TABLE 119 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN COMPRESSED AIR FILTER AND DRYER MARKET 162
12.3 REVENUE ANALYSIS 163
FIGURE 51 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN COMPRESSED AIR FILTER AND DRYER MARKET 163
12.4 MARKET SHARE ANALYSIS, 2022 164
TABLE 120 COMPRESSED AIR FILTER AND DRYER MARKET: DEGREE OF COMPETITION, 2022 164
FIGURE 52 INDUSTRY CONCENTRATION, 2022 164
12.5 COMPANY EVALUATION MATRIX, 2022 165
12.5.1 STARS 166
12.5.2 EMERGING LEADERS 166
12.5.3 PERVASIVE PLAYERS 166
12.5.4 PARTICIPANTS 166
FIGURE 53 COMPRESSED AIR FILTER AND DRYER MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022 167
12.5.5 COMPANY FOOTPRINT 168
TABLE 121 OVERALL COMPANY FOOTPRINT 168
TABLE 122 COMPANY INDUSTRY FOOTPRINT 169
TABLE 123 COMPANY PRODUCT TYPE FOOTPRINT 170
TABLE 124 COMPANY REGION FOOTPRINT 171
12.6 STARTUPS/SMALL AND MEDIUM ENTERPRISES (SMES) EVALUATION MATRIX, 2022 172
12.6.1 PROGRESSIVE COMPANIES 172
12.6.2 RESPONSIVE COMPANIES 172
12.6.3 DYNAMIC COMPANIES 172
12.6.4 STARTING BLOCKS 172
FIGURE 54 COMPRESSED AIR FILTER AND DRYER MARKET (GLOBAL): SMES EVALUATION MATRIX, 2022 173
12.6.5 COMPETITIVE BENCHMARKING 174
TABLE 125 COMPRESSED AIR FILTER AND DRYER MARKET: LIST OF KEYS STARTUPS/SMES 174
TABLE 126 COMPRESSED AIR FILTER AND DRYER MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 175
12.7 COMPETITIVE SCENARIOS AND TRENDS 176
TABLE 127 COMPRESSED AIR FILTER AND DRYER MARKET: PRODUCT LAUNCHES, 2021−2023 176
TABLE 128 COMPRESSED AIR FILTER AND DRYER MARKET: DEALS, 2021–2023 178
TABLE 129 COMPRESSED AIR FILTER AND DRYER MARKET: OTHERS, 2021–2023 180
13 COMPANY PROFILES 181
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 KEY PLAYERS 181
13.1.1 ATLAS COPCO 181
TABLE 130 ATLAS COPCO: COMPANY OVERVIEW 181
FIGURE 55 ATLAS COPCO: COMPANY SNAPSHOT 182
TABLE 131 ATLAS COPCO: PRODUCT/SOLUTION/SERVICE OFFERINGS 182
TABLE 132 ATLAS COPCO: PRODUCT LAUNCHES 183
TABLE 133 ATLAS COPCO: DEALS 183
TABLE 134 ATLAS COPCO: OTHERS 185
13.1.2 INGERSOLL RAND 186
TABLE 135 INGERSOLL RAND: COMPANY OVERVIEW 186
FIGURE 56 INGERSOLL RAND: COMPANY SNAPSHOT 187
TABLE 136 INGERSOLL RAND: PRODUCT/SOLUTION/SERVICE OFFERINGS 187
TABLE 137 INGERSOLL RAND: PRODUCT LAUNCHES 188
TABLE 138 INGERSOLL RAND: DEALS 188
13.1.3 PARKER HANNIFIN CORP 190
TABLE 139 PARKER HANNIFIN CORP: COMPANY OVERVIEW 190
FIGURE 57 PARKER HANNIFIN CORP: COMPANY SNAPSHOT 191
TABLE 140 PARKER HANNIFIN CORP: PRODUCT/SOLUTION/SERVICE OFFERINGS 191
TABLE 141 PARKER HANNIFIN CORP: PRODUCT LAUNCHES 192
13.1.4 PENTAIR 194
TABLE 142 PENTAIR: COMPANY OVERVIEW 194
FIGURE 58 PENTAIR: COMPANY SNAPSHOT 195
TABLE 143 PENTAIR: PRODUCT/SOLUTION/SERVICE OFFERINGS 195
TABLE 144 PENTAIR: PRODUCT LAUNCHES 196
13.1.5 DONALDSON COMPANY, INC. 197
TABLE 145 DONALDSON COMPANY, INC.: COMPANY OVERVIEW 197
FIGURE 59 DONALDSON COMPANY, INC.: COMPANY SNAPSHOT 198
TABLE 146 DONALDSON COMPANY, INC.: PRODUCT/SOLUTION/SERVICE OFFERINGS 198
TABLE 147 DONALDSON COMPANY, INC.: PRODUCT LAUNCHES 199
TABLE 148 DONALDSON COMPANY, INC.: DEALS 200
13.1.6 BOGE 201
TABLE 149 BOGE: COMPANY OVERVIEW 201
TABLE 150 BOGE: PRODUCT/SOLUTION/SERVICE OFFERINGS 201
TABLE 151 BOGE: PRODUCT LAUNCHES 202
TABLE 152 BOGE: DEALS 202
13.1.7 HITACHI GLOBAL AIR POWER US, LLC. 203
TABLE 153 HITACHI GLOBAL AIR POWER US, LLC.: COMPANY OVERVIEW 203
TABLE 154 HITACHI GLOBAL AIR POWER US, LLC.: PRODUCT/SOLUTION/SERVICE OFFERINGS 203
13.1.8 KAESER KOMPRESSOREN 204
TABLE 155 KAESER KOMPRESSOREN: COMPANY OVERVIEW 204
TABLE 156 KAESER KOMPRESSOREN: PRODUCT/SOLUTION/SERVICE OFFERINGS 204
TABLE 157 KAESER KOMPRESSOREN: PRODUCT LAUNCHES 205
TABLE 158 KAESER KOMPRESSOREN: OTHERS 205
13.1.9 SPX FLOW 206
TABLE 159 SPX FLOW: COMPANY OVERVIEW 206
TABLE 160 SPX FLOW: PRODUCT/SOLUTION/SERVICE OFFERINGS 206
TABLE 161 SPX FLOW: DEALS 207
13.1.10 SULLIVAN-PALATEK INC. 208
TABLE 162 SULLIVAN-PALATEK INC.: COMPANY OVERVIEW 208
TABLE 163 SULLIVAN-PALATEK INC.: PRODUCT/SOLUTION/SERVICE OFFERINGS 208
13.2 OTHER PLAYERS 209
13.2.1 AIRFILTER ENGINEERING 209
TABLE 164 AIRFILTER ENGINEERING: COMPANY OVERVIEW 209
13.2.2 ALMIG KOMPRESSOREN GMBH 210
TABLE 165 ALMIG KOMPRESSOREN GMBH: COMPANY OVERVIEW 210
13.2.3 ALTEC AIR 211
TABLE 166 ALTEC AIR: COMPANY OVERVIEW 211
13.2.4 ATS SRL 212
TABLE 167 ATS. SRL: COMPANY OVERVIEW 212
13.2.5 BAUER COMP HOLDING GMBH 213
TABLE 168 BAUER COMP HOLDING GMBH: COMPANY OVERVIEW 213
13.2.6 BEKO TECHNOLOGIES 214
TABLE 169 BEKO TECHNOLOGIES: COMPANY OVERVIEW 214
13.2.7 FST GMBH FILTRATIONS-SEPARATIONS-TECHNIK 215
TABLE 170 FST GMBH FILTRATIONS-SEPARATIONS-TECHNIK: COMPANY OVERVIEW 215
13.2.8 GENERON 216
TABLE 171 GENERON: COMPANY OVERVIEW 216
13.2.9 ING. ENEA MATTEI SPA 217
TABLE 172 ING. ENEA MATTEI SPA: COMPANY OVERVIEW 217
13.2.10 MIKROPOR MAKINA SAN.TIC.A.S. 218
TABLE 173 MIKROPOR MAKINA SAN. TIC.A.S.: COMPANY OVERVIEW 218
13.2.11 OMEGA AIR 219
TABLE 174 OMEGA AIR: COMPANY OVERVIEW 219
13.2.12 PRECISION FILTRATION PRODUCTS 220
TABLE 175 PRECISION FILTRATION PRODUCTS: COMPANY OVERVIEW 220
13.2.13 PREVOST 221
TABLE 176 PREVOST: COMPANY OVERVIEW 221
13.2.14 VAN AIR SYSTEMS 222
TABLE 177 VAN AIR SYSTEMS: COMPANY OVERVIEW 222
13.2.15 WALKER FILTRATION 223
TABLE 178 WALKER FILTRATION: COMPANY OVERVIEW 223
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 ADJACENT MARKET 224
14.1 HVAC SYSTEM MARKET 224
14.1.1 INTRODUCTION 224
FIGURE 60 COMMERCIAL SEGMENT TO HOLD LARGEST SHARE OF HVAC SYSTEM MARKET IN 2023 224
TABLE 179 HVAC SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD BILLION) 224
TABLE 180 HVAC SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD BILLION) 225
14.1.2 COMMERCIAL 225
14.1.2.1 Growing adoption of energy-efficient equipment in commercial spaces to boost market growth 225
TABLE 181 COMMERCIAL: HVAC SYSTEM MARKET, BY TYPE, 2019–2022 (USD BILLION) 226
TABLE 182 COMMERCIAL: HVAC SYSTEM MARKET, BY TYPE, 2023–2028 (USD BILLION) 226
TABLE 183 COMMERCIAL: HVAC SYSTEM MARKET, BY COOLING EQUIPMENT, 2019–2022 (USD MILLION) 226
TABLE 184 COMMERCIAL: HVAC SYSTEM MARKET, BY COOLING EQUIPMENT, 2023–2028 (USD MILLION) 227
TABLE 185 COMMERCIAL: HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2019–2022 (USD BILLION) 227
TABLE 186 COMMERCIAL: HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2023–2028 (USD BILLION) 227
TABLE 187 COMMERCIAL: HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT, 2019–2022 (USD MILLION) 228
TABLE 188 COMMERCIAL: HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT, 2023–2028 (USD MILLION) 228
14.1.2.1.1 Offices 228
14.1.2.1.2 Government 229
14.1.2.1.3 Healthcare 229
14.1.2.1.4 Education 230
14.1.2.1.5 Retail 230
14.1.2.1.6 Airports 231
14.1.3 RESIDENTIAL 231
14.1.3.1 Government regulations and tax credit programs to promote use of HVAC systems in residential sector to drive market 231
TABLE 189 RESIDENTIAL: HVAC SYSTEM MARKET, BY COOLING EQUIPMENT, 2019–2022 (USD MILLION) 232
TABLE 190 RESIDENTIAL: HVAC SYSTEM MARKET, BY COOLING EQUIPMENT, 2023–2028 (USD MILLION) 232
TABLE 191 RESIDENTIAL: HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2019–2022 (USD BILLION) 233
TABLE 192 RESIDENTIAL: HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2023–2028 (USD BILLION) 233
TABLE 193 RESIDENTIAL: HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT, 2019–2022 (USD MILLION) 233
TABLE 194 RESIDENTIAL: HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT, 2023–2028 (USD MILLION) 234
14.1.4 INDUSTRIAL 234
14.1.4.1 Rising adoption of energy-efficient HVAC systems in industries to minimize operational costs to drive market 234
TABLE 195 INDUSTRIAL: HVAC SYSTEM MARKET, BY COOLING EQUIPMENT, 2019–2022 (USD MILLION) 235
TABLE 196 INDUSTRIAL: HVAC SYSTEM MARKET, BY COOLING EQUIPMENT, 2023–2028 (USD MILLION) 235
TABLE 197 INDUSTRIAL: HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2019–2022 (USD BILLION) 235
TABLE 198 INDUSTRIAL: HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2023–2028 (USD BILLION) 236
TABLE 199 INDUSTRIAL: HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT, 2019–2022 (USD MILLION) 236
TABLE 200 INDUSTRIAL: HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT, 2023–2028 (USD MILLION) 236
15 APPENDIX 237
15.1 INSIGHTS FROM INDUSTRY EXPERTS 237
15.2 DISCUSSION GUIDE 238
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 240
15.4 CUSTOMIZATION OPTIONS 242
15.5 RELATED REPORTS 242
15.6 AUTHOR DETAILS 243