NEW YORK, Dec. 21, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the Global Air Compressor Filter and Compressed Air Dryer Market Report 2022: The Impact of the Ukraine-Russia War – https:/ /www. .reportlinker.com/p06374663/?utm_source=GNW, Sullair, Sullivan-Palatek Inc., Van Air Systems, Walker Filtration, Airfilter Engineering (AFE), Ing. Enea Mattei Spa, Mann+Hummel Gruppe, OMEGA AIR doo Ljubljana, Precision Filtration products and ZEKS compressed air solutions. The global market for air compressor filters and compressed air dryers is expected to grow from US$3.07 billion in 2021 to US$3.4 billion in 2022 at a compound annual growth rate (CAGR) of 10.9%. The Russo-Ukrainian war has undermined the global economy’s chances of recovering from the COVID-19 pandemic, at least in the short term. The war between the two countries has resulted in economic sanctions in a number of countries, soaring commodity prices and disruption of supply chains, affecting many markets around the world.
The market for air compressor filters and compressed air dryers is expected to reach $4.58 billion by 2026 at a CAGR of 7.7%. The air compressor and air dryer filter market includes the sale of components such as air filters, air dryers, and equipment offering air compressor and air dryer filter services such as the removal of mist, vapors, and other contaminants. Value in this market is “factory value”, i.e. the value of goods sold by manufacturers or creators of goods, whether to other entities (including manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Air compressor filters and compressed air dryers are filters used to filter out impurities in the atmosphere, including dust, oil and moisture, and harmful liquids so that compressed air can be used. North America is the largest market region for air compressors or compressed air filters and dryers in 2021. The regions covered in the air compressor filter and compressed air dryer market report include Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Market value is defined as the monetary value (in US dollars unless otherwise stated) that a business earns from goods and/or services through sales, grants, or donations in a given market and region. Geographical revenues are customer value, that is, they are revenues generated by an organization in a specific geographic area of a specific market, regardless of where they are generated. It does not include resale revenue through the supply chain or as part of other products. The main product types in the field of air compressor filters and compressed air dryers are compressed air dryers and compressed air filters. Air dryers are used in air compressors to remove moisture and prevent condensation and rust from forming in the compressor. Various applications include condensate removal, oil removal, solids removal and others for automotive, oil and gas, food, power, metallurgy, pharmaceutical, electronics, chemical and other vertical industries. The growing pharmaceutical industry is expected to drive growth in the market for air compressor filters and compressed air dryers. The growth of the pharmaceutical industry is associated with the discovery, development and manufacture of medicines and medicines, and their sale and marketing by public and private organizations for the treatment of patients. Pharmaceutical and biopharmaceutical manufacturing facilities require higher quality air to keep the final product free of oil, water and micro-organisms. To ensure product quality, manufacturers are investing heavily in air. The market for air compressor filters and compressed air dryers has seen significant growth in filters and dryers. For example, according to the India Brand Equity Foundation, an Indian trust established by the Department of Commerce, India’s domestic pharmaceutical market is valued at $42 billion in 2021 and is projected to grow to $65 billion by 2024 and $100 billion by 2030. 130 billion. same. In January 2022, the total revenue of the pharmaceutical market in India increased by 13.9%. In addition, Germany produced 4.5% of the world’s pharmaceuticals in 2020, according to Atradius Collections, a full-service B2B debt collection company based in Germany. After 5.2%, the value added of the pharmaceutical industry in 2021 is expected to grow by 4% in 2022 and more than 2% in 2023. Hence, growth in the pharmaceutical industry is driving the air compressor filter and compressed air dryer market. Product innovation is a key trend that is gaining popularity in the air compressor filter and compressed air dryer market. Major healthcare companies are developing new technologies to maintain their market share in air compressor filters and compressed air dryers.
Yancheng Tianer is a China manufacturer of a wide range of premium air compression filters. The countries covered in the air compressor and compre air dryer market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The Air Compressor Filters and Compressed Air Dryers Market Research Report is one of a new series of reports providing statistics on the Air Compressor Filters and Compressed Air Dryers market, including the global market size of the Air Compressor Filters and Compressed Air Dryers industry, regional promotions Air Compressor Filters and Compressed Air Dryers Market Share Competitors, Details of Air Compressor Filters and Compressed Air Dryers Market Segmentation, Market Trends and Opportunities, and What You May Need in Air Compressors Any further data filter and compressed air dryer industry flourishes air. This Air Compressor Filter and Compressed Air Dryer Market Research Report provides a comprehensive view of everything you need and an in-depth analysis of current and future industry scenarios.
Post time: Jan-12-2023
