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The Global Air Compressor Filter and Compressed Air Dryer Market is estimated to grow at a CAGR of 6.84% during the forecast period 2019-2025. As per the detailed market analysis, the global market valued around $4,712.12 Million in the year 2018 and is estimated to reach $7,489.12 Million by the end of the year 2025.
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The Global Air Compressor Filter and Compressed Air Dryer Market is driven by various growth factors such as increasing focus on providing protection equipment for corrosive and hazardous environments, improved system efficiency and reduced downtime and increasing demand for the product from the food & beverages industry. However, high cost of system maintenance, risk associated with the system explosion and lack of awareness related to usage and application of compressed air filters are some major growth hindering factor of the market during the forecast period.
Segmentation Overview of the Global Air Compressor Filter and Compressed Air Dryer Market
The Global Air Compressor Filter and Compressed Air Dryer Market is segmented on the basis of various market segments such as Compressed Air Dryers Type, Compressed Air Filters Type, Application and Industry. These market segments are further categorized into various sub-segments to study the market in detail.
The Compressed Air Dryers Type Segment of the Global Air Compressor Filter and Compressed Air Dryer Market is Sub-Segmented into:
The Compressed Air Filters Type Segment of the Global Air Compressor Filter and Compressed Air Dryer Market is Sub-Segmented into:
The Application Segment of the Global Air Compressor Filter and Compressed Air Dryer Market is Sub-Segmented into:
The Industry Segment of the Global Air Compressor Filter and Compressed Air Dryer Market is Sub-Segmented into:
Geographical Overview of the Global Air Compressor Filter and Compressed Air Dryer Market
The global air compressor filter and compressed air dryer market is segmented on the basis of various geographical regions, such as:
As per the studies, the Asia Pacific Air Compressor Filter and Compressed Air Dryer Market is majorly witnessing a fastest growth in the global industry owing to rapid industrialization and increasing urbanization in countries like India and China. Moreover, China accounted for the largest size of market share in the APAC market in the year 2019. Also, the country valued as the global electronics manufacturing hub and air compressor filters and compressed air dryers are extensively used in electronics packaging and PCB manufacturing PCB manufacturing. Hence, the air compressor filters and compressed air dryers is expected to witness high demand from China.
Key Players Insights
Zeks Compressed Air Solutions, Atlas Copco, Van Air Systems, Donaldson Company, Sullivan-Palatek, Ingersoll-Rand, Sullair, Mann+Hummel, SPX Flow, Parker-Hannifin, Mikropor, BOGE Kompressoren, Beko Technologies and Kaeser Kompressoren are some major key players included in the research study of the Global Air Compressor Filter and Compressed Air Dryer Market. The market players are putting regressive efforts to offer benchmark strategies and innovative offerings in the Air Compressor Filter & Compressed Air Dryer Market.
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