Table of Content

"1    INTRODUCTION    33
1.1    STUDY OBJECTIVES    33
1.2    MARKET DEFINITION    33
1.2.1    INCLUSIONS AND EXCLUSIONS    34
1.3    STUDY SCOPE    34
1.3.1    MARKETS COVERED    34
FIGURE 1    COMPRESSED AIR FILTER AND DRYER MARKET: SEGMENTATION    34
1.3.2    GEOGRAPHIC SCOPE    34
1.3.3    YEARS CONSIDERED    35
1.4    CURRENCY    35
1.5    STAKEHOLDERS    35
1.6    SUMMARY OF CHANGES    36
2    RESEARCH METHODOLOGY    37
2.1    RESEARCH DATA    37
FIGURE 2    COMPRESSED AIR FILTER AND DRYER MARKET: RESEARCH DESIGN    37
2.1.1    SECONDARY AND PRIMARY RESEARCH    38
2.1.2    SECONDARY DATA    39
2.1.2.1    Key data from secondary sources    39
2.1.2.2    List of major secondary sources    39
2.1.3    PRIMARY DATA    40
2.1.3.1    Primary interviews with experts    40
2.1.3.2    Key industry insights    40
2.1.3.3    Key data from primary sources    41
2.1.3.4    Breakdown of primaries    41
2.2    MARKET SIZE ESTIMATION    42
2.2.1    BOTTOM-UP APPROACH    42
2.2.1.1    Approach for arriving at market size by 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 for estimating 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 FOR COMPRESSED AIR FILTER AND DRYER MARKET USING SUPPLY-SIDE ANALYSIS    44
2.3    MARKET BREAKDOWN AND DATA TRIANGULATION    45
FIGURE 6    DATA TRIANGULATION    45
2.4    RESEARCH ASSUMPTIONS    46
2.5    LIMITATIONS    46
2.6    RISK ASSESSMENT    47
FIGURE 7    LIMITATIONS AND ASSOCIATED RISKS    47
3    EXECUTIVE SUMMARY    48
FIGURE 8    COMPRESSED AIR FILTER AND DRYER MARKET: PRE- AND
POST-COVID-19 SCENARIOS    48
3.1    PRE-COVID-19 SCENARIO    49
TABLE 1    COMPRESSED AIR FILTER AND DRYER MARKET, PRE-COVID-19
SCENARIO, 2022–2027    49
3.2    REALISTIC SCENARIO    49
TABLE 2    COMPRESSED AIR FILTER AND DRYER MARKET, POST-COVID-19
REALISTIC SCENARIO, 2022–2027    49
3.3    OPTIMISTIC SCENARIO    49
TABLE 3    COMPRESSED AIR FILTER AND DRYER MARKET, POST-COVID-19
OPTIMISTIC SCENARIO, 2022–2027    49
3.4    PESSIMISTIC SCENARIO    50
TABLE 4    COMPRESSED AIR FILTER AND DRYER MARKET, POST-COVID-19 PESSIMISTIC SCENARIO, 2022–2027    50
FIGURE 9    COMPRESSED AIR DRYER ACCOUNTED FOR LARGER SHARE OF COMPRESSED AIR FILTER AND DRYER MARKET IN 2021    50
FIGURE 10    FOOD & BEVERAGES INDUSTRY TO REGISTER HIGHEST CAGR IN COMPRESSED AIR FILTER AND DRYER MARKET DURING FORECAST PERIOD    51
FIGURE 11    MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING
FORECAST PERIOD    52
4    PREMIUM INSIGHTS    53
4.1    COMPRESSED AIR FILTER AND DRYER MARKET, 2022–2027 (USD BILLION)    53
FIGURE 12    INCREASING DEMAND FROM FOOD & BEVERAGES INDUSTRY TO
BOOST GROWTH OF COMPRESSED AIR FILTER AND DRYER MARKET    53
4.2    COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT    53
FIGURE 13    COMPRESSED AIR DRYER TO ACCOUNT FOR LARGER SIZE OF COMPRESSED AIR FILTER AND DRYER MARKET DURING FORECAST PERIOD    53
4.3    COMPRESSED AIR FILTER MARKET, BY FILTER TYPE (USD MILLION)    54
FIGURE 14    PARTICULATE FILTER TO HOLD LARGEST MARKET SHARE OF COMPRESSED AIR FILTER MARKET IN 2022    54
4.4    COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY    54
FIGURE 15    AUTOMOTIVE INDUSTRY TO ACCOUNT FOR LARGEST MARKET SIZE    54
4.5    COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION    55
FIGURE 16    COMPRESSED AIR FILTER AND DRYER MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    55
5    MARKET OVERVIEW    56
5.1    INTRODUCTION    56
5.2    MARKET DYNAMICS    56
FIGURE 17    COMPRESSED AIR FILTER AND DRYER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    56
5.2.1    DRIVERS    57
5.2.1.1    Growing adoption of compressed air systems to increase productivity    57
TABLE 5    INDUSTRIAL USES OF COMPRESSED AIR    57
5.2.1.2    Surging demand for compressed air solutions from food &
beverages industry    58
FIGURE 18    CAPITAL EXPENDITURE BY TOP 100 COMPANIES IN FOOD & BEVERAGES INDUSTRY, 2017–2020 (USD BILLION)    58
5.2.1.3    Increasing use of compressed air dryers for protecting equipment against hazardous and corrosive environments    59
5.2.1.4    Increasing demand for compressed air filters as they filter contaminants up to several microns    59
FIGURE 19    DRIVERS AND THEIR IMPACT ON COMPRESSED AIR FILTER AND DRYER MARKET    60
5.2.2    RESTRAINTS    60
5.2.2.1    Requirement of periodic maintenance    60
5.2.2.2    High working pressure induces risk of system explosion    60
FIGURE 20    RESTRAINTS AND THEIR IMPACT ON COMPRESSED AIR FILTER AND
DRYER MARKET    61
5.2.3    OPPORTUNITIES    61
5.2.3.1    Increasing adoption of class 0 air in pharmaceutical packaging    61
5.2.3.2    Industry 4.O and growing industrialization in developing nations    61
5.2.3.3    Surging adoption of IoT in compressed air industry    61
FIGURE 21    OPPORTUNITIES AND THEIR IMPACT ON COMPRESSED AIR FILTER AND DRYER MARKET    62
5.2.4    CHALLENGES    62
5.2.4.1    Requirement of tightly controlled environment for proper functioning    62
5.2.4.2    Lack of awareness regarding appropriate use of compressed
air filters and dryers    62
5.2.4.3    Unwillingness of SMEs to shift from conventional air filtration methods to advanced compressed air filters    63
FIGURE 22    CHALLENGES AND THEIR IMPACT ON COMPRESSED AIR FILTER AND
DRYER MARKET    63
5.3    VALUE CHAIN ANALYSIS    63
FIGURE 23    COMPRESSED AIR FILTER AND DRYER MARKET: VALUE CHAIN ANALYSIS    63
5.4    ECOSYSTEM ANALYSIS    64
FIGURE 24    ECOSYSTEM    64
TABLE 6    COMPRESSED AIR FILTER AND DRYER MARKET: ECOSYSTEM    65
5.5    TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS    66
FIGURE 25    REVENUE SHIFT OF COMPRESSED AIR FILTER AND DRYER MARKET    66
5.6    PORTER’S FIVE FORCES ANALYSIS    66
TABLE 7    COMPRESSED AIR FILTER AND DRYER MARKET: PORTER’S FIVE
FORCES ANALYSIS    66
5.6.1    INTENSITY OF COMPETITIVE RIVALRY    67
5.6.2    BARGAINING POWER OF SUPPLIERS    67
5.6.3    BARGAINING POWER OF BUYERS    67
5.6.4    THREAT OF SUBSTITUTES    67
5.6.5    THREAT OF NEW ENTRANTS    67
5.7    CASE STUDIES    68
TABLE 8    REFRIGERATION DRYERS IMPROVE ENERGY AND EFFICIENCY WHILE REDUCING COSTS    68
TABLE 9    COMPRESSED AIR DRYERS AND FILTERS ENSURE COMPLIANCE
WITH STRINGENT STANDARDS    68
5.8    TECHNOLOGY ANALYSIS    68
5.8.1    IOT    68
5.9    PRICING ANALYSIS    69
5.9.1    AVERAGE SELLING PRICES OF COMPANIES, BY MAXIMUM INLET TEMPERATURE    69
FIGURE 26    AVERAGE SELLING PRICE OF COMPANIES BASED ON MAXIMUM
INLET TEMPERATURE    69
TABLE 10    APPROXIMATE AVERAGE SELLING PRICES OF COMPANIES BASED
ON MAXIMUM INLET TEMPERATURE    70
5.9.2    AVERAGE SELLING PRICE TREND    70
TABLE 11    APPROXIMATE AVERAGE SELLING PRICE    70
5.10    TRADE ANALYSIS    70
5.10.1    IMPORTS SCENARIO OF COMPRESSORS FOR REFRIGERATING EQUIPMENT    70
FIGURE 27    IMPORTS DATA FOR COMPRESSORS FOR REFRIGERATING EQUIPMENT,
BY KEY COUNTRY, 2016−2020 (USD MILLION)    71
5.10.2    EXPORTS SCENARIO OF COMPRESSORS FOR REFRIGERATING EQUIPMENT    71
FIGURE 28    EXPORTS DATA FOR COMPRESSORS FOR REFRIGERATING EQUIPMENT,
BY KEY COUNTRY, 2016−2020 (USD MILLION)    71
5.11    PATENTS ANALYSIS    72
FIGURE 29    TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS
IN LAST 10 YEARS    72
TABLE 12    TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS    72
FIGURE 30    NUMBER OF PATENTS GRANTED PER YEAR FROM 2011 TO 2021    73
TABLE 13    SOME PATENTS PERTAINING TO COMPRESSED AIR FILTER AND
DRYER MARKET, 2019–2020    73
5.12    KEY CONFERENCES AND EVENTS IN 2022–2023    75
TABLE 14    COMPRESSED AIR FILTER AND DRYER MARKET: DETAILED LIST
OF CONFERENCES AND EVENTS    75
5.13    REGULATORY LANDSCAPE    76
5.13.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    76
TABLE 15    NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT
AGENCIES, AND OTHER ORGANIZATIONS    76
TABLE 16    EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS    77
TABLE 17    ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS    78
TABLE 18    REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    78
5.13.2    STANDARDS    79
TABLE 19    STANDARDS FOR COMPRESSED AIR FILTERS AND DRYERS    79
6    COMPONENTS OF COMPRESSED AIR FILTERS AND RECENT TRENDS    80
6.1    INTRODUCTION    80
6.2    COMPONENTS OF COMPRESSED AIR FILTERS    80
6.2.1    HOUSING ELEMENTS    80
6.2.1.1    Housing elements ensure high performance and enhanced life
of compressors    80
6.2.2    FILTER ELEMENTS    80
6.2.2.1    Filter elements help filter contaminants such as rust, pipe scale, compressor lube oil, and water from compressed gases    80
6.3    CLASSIFICATION OF COMPRESSED AIR DRYERS BASED ON CAPACITY    81
6.3.1    <2,000 M3/HR    81
6.3.2    2,000–5,000 M3/HR    81
6.3.3    >5,000 M3/HR    81
6.4    RECENT TRENDS IN COMPRESSED AIR INDUSTRY    81
6.4.1    CONTINUOUS SYSTEM MONITORING    82
6.4.1.1    Continuous system monitoring keeps users aware of
system efficiency    82
6.4.2    EQUIPMENT DESIGN INNOVATIONS    82
6.4.2.1    Equipment design innovations help improve performance
and reliability of machines    82
6.4.3    DEMAND-SIDE REDUCTION    82
6.4.3.1    Demand-side reduction is required for energy saving in future    82
6.4.4    COMPRESSOR CONTROL    83
6.4.4.1    Compressor control helps provide continuous real-time display
and system condition    83
6.4.5    AIR AUDITING    83
6.4.5.1    Air auditing is required for adequate assessments for companies
in compressed air market    83
7    APPLICATIONS OF COMPRESSED AIR FILTERS AND DRYERS    84
7.1    INTRODUCTION    84
FIGURE 31    APPLICATIONS OF COMPRESSED AIR FILTERS AND DRYERS    84
7.2    CONDENSED WATER REMOVAL    84
FIGURE 32    CONDENSED WATER REMOVAL MECHANISM    85
7.3    OIL REMOVAL    85
FIGURE 33    OIL REMOVAL MECHANISM    86
7.4    MIST REMOVAL    86
FIGURE 34    MIST REMOVAL MECHANISM    87
7.5    PARTICULATES REMOVAL    87
FIGURE 35    PARTICULATES REMOVAL MECHANISM    87
8    COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT    88
8.1    INTRODUCTION    89
FIGURE 36    MARKET SEGMENTATION, BY PRODUCT    89
FIGURE 37    WORKING OF COMPRESSED AIR SYSTEMS    89
FIGURE 38    COMPRESSED AIR DRYER TO ACCOUNT FOR LARGER SIZE OF COMPRESSED AIR FILTER AND DRYER MARKET IN 2022    90
TABLE 20    COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT,
2018–2021 (USD MILLION)    90
TABLE 21    COMPRESSED AIR FILTER AND DRYER MARKET, BY PRODUCT,
2022–2027 (USD MILLION)    90
8.2    COMPRESSED AIR DRYERS    91
FIGURE 39    REFRIGERATION DRYER SEGMENT TO HOLD LARGEST SIZE OF COMPRESSED AIR DRYER MARKET DURING FORECAST PERIOD    91
TABLE 22    COMPRESSED AIR DRYER MARKET, BY DRYER TYPE,
2018–2021 (USD MILLION)    92
TABLE 23    COMPRESSED AIR DRYER MARKET, BY DRYER TYPE,
2022–2027 (USD MILLION)    92
TABLE 24    COMPRESSED AIR DRYER MARKET, BY INDUSTRY,
2018–2021 (USD MILLION)    92
TABLE 25    COMPRESSED AIR DRYER MARKET, BY INDUSTRY,
2022–2027 (USD MILLION)    93
TABLE 26    COMPRESSED AIR DRYER MARKET, BY REGION, 2018–2021 (USD MILLION)    93
TABLE 27    COMPRESSED AIR DRYER MARKET, BY REGION, 2022–2027 (USD MILLION)    93
8.2.1    REFRIGERATION DRYERS    94
8.2.1.1    Refrigeration dryers have major applications in
manufacturing industries    94
TABLE 28    OVERVIEW OF REFRIGERATION DRYERS    94
TABLE 29    REFRIGERATION DRYER MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)    94
TABLE 30    REFRIGERATION DRYER MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)    95
8.2.2    DESICCANT/ADSORPTION DRYERS    95
8.2.2.1    Desiccant dryers are majorly applicable in pneumatic systems and large storage tanks    95
TABLE 31    OVERVIEW OF DESICCANT DRYERS    95
TABLE 32    DESICCANT DRYER MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)    96
TABLE 33    DESICCANT DRYER MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)    96
8.2.3    DELIQUESCENT DRYERS    97
8.2.3.1    Desiccant dryers can operate on significantly lower dewpoints    97
TABLE 34    OVERVIEW OF DELIQUESCENT DRYERS    97
TABLE 35    DELIQUESCENT DRYER MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)    97
TABLE 36    DELIQUESCENT DRYER MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)    98
8.2.4    MEMBRANE DRYERS    98
8.2.4.1    Membrane dryers require low maintenance and no
electricity to operate    98
TABLE 37    OVERVIEW OF MEMBRANE DRYERS    98
TABLE 38    MEMBRANE DRYER MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)    99
TABLE 39    MEMBRANE DRYER MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)    99
8.3    COMPRESSED AIR FILTERS    100
FIGURE 40    PARTICULATE FILTER SEGMENT TO HOLD LARGEST SIZE OF COMPRESSED AIR FILTER MARKET IN 2022    100
TABLE 40    COMPRESSED AIR FILTER MARKET, BY FILTER TYPE,
2018–2021 (USD MILLION)    100
TABLE 41    COMPRESSED AIR FILTER MARKET, BY FILTER TYPE,
2022–2027 (USD MILLION)    101
TABLE 42    COMPRESSED AIR FILTER MARKET, BY INDUSTRY,
2018–2021 (USD MILLION)    101
TABLE 43    COMPRESSED AIR FILTER MARKET, BY INDUSTRY,
2022–2027 (USD MILLION)    101
TABLE 44    COMPRESSED AIR FILTER MARKET, BY REGION, 2018–2021 (USD MILLION)    102
TABLE 45    COMPRESSED AIR FILTER MARKET, BY REGION, 2022–2027 (USD MILLION)    102
8.3.1    PARTICULATE FILTERS    102
8.3.1.1    Particulate filters are widely used to remove dust and particles
from compressed air    102
TABLE 46    OVERVIEW OF PARTICULATE FILTERS    103
TABLE 47    PARTICULATE FILTER MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)    103
TABLE 48    PARTICULATE FILTER MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)    103
8.3.2    COALESCING FILTERS    104
8.3.2.1    Coalescing filters significantly preferred in processing industries    104
TABLE 49    OVERVIEW OF COALESCING FILTERS    104
TABLE 50    COALESCING FILTER MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)    104
TABLE 51    COALESCING FILTER MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)    105
8.3.3    COMPRESSED INTAKE FILTERS    105
8.3.3.1    Compressed intake filters filter dirt and tiny particles from compressed air    105
TABLE 52    OVERVIEW OF COMPRESSED INTAKE FILTERS    105
TABLE 53    COMPRESSED INTAKE FILTER MARKET, BY INDUSTRY,
2018–2021 (USD MILLION)    106
TABLE 54    COMPRESSED INTAKE FILTER MARKET, BY INDUSTRY,
2022–2027 (USD MILLION)    106
8.3.4    ACTIVATED CARBON FILTERS    107
8.3.4.1    Odors and vapors are filtered with help of activated carbon filters    107
TABLE 55    OVERVIEW OF ACTIVATED CARBON FILTERS    107
TABLE 56    ACTIVATED CARBON FILTER MARKET, BY INDUSTRY,
2018–2021 (USD MILLION)    107
TABLE 57    ACTIVATED CARBON FILTER MARKET, BY INDUSTRY,
2022–2027 (USD MILLION)    108
9    COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY    109
9.1    INTRODUCTION    110
FIGURE 41    MARKET SEGMENTATION, BY INDUSTRY    110
FIGURE 42    AUTOMOTIVE INDUSTRY TO HOLD LARGEST SHARE OF COMPRESSED AIR FILTER AND DRYER MARKET IN 2022    111
TABLE 58    COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY,
2018–2021 (USD MILLION)    111
TABLE 59    COMPRESSED AIR FILTER AND DRYER MARKET, BY INDUSTRY,
2022–2027 (USD MILLION)    112
9.2    AUTOMOTIVE    113
9.2.1    INCREASING DEMAND FOR HIGH-QUALITY PAINT FINISH IN AUTOMOTIVE INDUSTRY TO DRIVE GROWTH OF COMPRESSED AIR DRYERS    113
TABLE 60    COMPRESSED AIR FILTER AND DRYER MARKET FOR AUTOMOTIVE INDUSTRY, BY PRODUCT, 2018–2021 (USD MILLION)    113
TABLE 61    COMPRESSED AIR FILTER AND DRYER MARKET FOR AUTOMOTIVE INDUSTRY, BY PRODUCT, 2022–2027 (USD MILLION)    113
TABLE 62    COMPRESSED AIR FILTER AND DRYER MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2018–2021 (USD MILLION)    114
TABLE 63    COMPRESSED AIR FILTER AND DRYER MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2022–2027 (USD MILLION)    114
9.3    OIL & GAS    115
9.3.1    GROWING ADVANCEMENTS IN DRILLING TECHNIQUES AND OIL
REFINEMENT PROCESSES TO DRIVE GROWTH OF COMPRESSED
AIR FILTER AND DRYER MARKET    115
TABLE 64    COMPRESSED AIR FILTER AND DRYER MARKET FOR OIL & GAS INDUSTRY,
BY PRODUCT, 2018–2021 (USD MILLION)    115
TABLE 65    COMPRESSED AIR FILTER AND DRYER MARKET FOR OIL & GAS INDUSTRY,
BY PRODUCT, 2022–2027 (USD MILLION)    115
TABLE 66    COMPRESSED AIR FILTER AND DRYER MARKET FOR OIL & GAS INDUSTRY,
BY REGION, 2018–2021 (USD MILLION)    116
TABLE 67    COMPRESSED AIR FILTER AND DRYER MARKET FOR OIL & GAS INDUSTRY,
BY REGION, 2022–2027 (USD MILLION)    116
9.4    CHEMICALS    116
9.4.1    REQUIREMENT FOR HIGH-QUALITY COMPRESSED AIR TO PROPEL
MARKET GROWTH    116
TABLE 68    COMPRESSED AIR FILTER AND DRYER MARKET FOR CHEMICALS INDUSTRY, BY PRODUCT, 2018–2021 (USD MILLION)    117
TABLE 69    COMPRESSED AIR FILTER AND DRYER MARKET FOR CHEMICALS INDUSTRY, BY PRODUCT, 2022–2027 (USD MILLION)    117
TABLE 70    COMPRESSED AIR FILTER AND DRYER MARKET FOR CHEMICALS INDUSTRY, BY REGION, 2018–2021 (USD MILLION)    117
TABLE 71    COMPRESSED AIR FILTER AND DRYER MARKET FOR CHEMICALS INDUSTRY, BY REGION, 2022–2027 (USD MILLION)    118
9.5    POWER GENERATION    118
9.5.1    TEMPERATURE REGULATION IS OBTAINED BY COMPRESSED AIR DRYERS AND FILTERS IN POWER PLANTS    118
TABLE 72    COMPRESSED AIR FILTER AND DRYER MARKET FOR POWER GENERATION INDUSTRY, BY PRODUCT, 2018–2021 (USD MILLION)    118
TABLE 73    COMPRESSED AIR FILTER AND DRYER MARKET FOR POWER GENERATION INDUSTRY, BY PRODUCT, 2022–2027 (USD MILLION)    119
TABLE 74    COMPRESSED AIR FILTER AND DRYER MARKET FOR POWER GENERATION INDUSTRY, BY REGION, 2018–2021 (USD MILLION)    119
TABLE 75    COMPRESSED AIR FILTER AND DRYER MARKET FOR POWER GENERATION INDUSTRY, BY REGION, 2022–2027 (USD MILLION)    119
9.6    FOOD & BEVERAGES    120
9.6.1    GROWING NEED FOR COMPRESSED AIR IN PACKAGING, FOOD MIXING,
AND BOTTLING TO SUPPORT MARKET GROWTH    120
TABLE 76    COMPRESSED AIR FILTER AND DRYER MARKET FOR FOOD & BEVERAGES INDUSTRY, BY PRODUCT, 2018–2021 (USD MILLION)    120
TABLE 77    COMPRESSED AIR FILTER AND DRYER MARKET FOR FOOD & BEVERAGES INDUSTRY, BY PRODUCT, 2022–2027 (USD MILLION)    120
TABLE 78    COMPRESSED AIR FILTER AND DRYER MARKET FOR FOOD & BEVERAGES INDUSTRY, BY REGION, 2018–2021 (USD MILLION)    121
TABLE 79    COMPRESSED AIR FILTER AND DRYER MARKET FOR FOOD & BEVERAGES INDUSTRY, BY REGION, 2022–2027 (USD MILLION)    121
9.7    METALS & MACHINERY    121
9.7.1    RISING DEMAND FOR OIL-FREE AIR ENVIRONMENT IN PRODUCTION OF PRECIOUS METALS TO DRIVE GROWTH OF COMPRESSED AIR FILTER AND DRYER MARKET    121
TABLE 80    COMPRESSED AIR FILTER AND DRYER MARKET FOR METALS & MACHINERY INDUSTRY, BY PRODUCT, 2018–2021 (USD MILLION)    122
TABLE 81    COMPRESSED AIR FILTER AND DRYER MARKET FOR METALS & MACHINERY INDUSTRY, BY PRODUCT, 2022–2027 (USD MILLION)    122
TABLE 82    COMPRESSED AIR FILTER AND DRYER MARKET FOR METALS & MACHINERY INDUSTRY, BY REGION, 2018–2021 (USD MILLION)    122
TABLE 83    COMPRESSED AIR FILTER AND DRYER MARKET FOR METALS & MACHINERY INDUSTRY, BY REGION, 2022–2027 (USD MILLION)    122
9.8    PHARMACEUTICALS    123
9.8.1    GROWING NEED FOR COMPRESSED AIR IN PHARMACEUTICAL APPLICATIONS WILL DRIVE MARKET FOR COMPRESSED AIR FILTER AND DRYER    123
TABLE 84    COMPRESSED AIR FILTER AND DRYER MARKET FOR PHARMACEUTICALS INDUSTRY, BY PRODUCT, 2018–2021 (USD MILLION)    123
TABLE 85    COMPRESSED AIR FILTER AND DRYER MARKET FOR PHARMACEUTICALS INDUSTRY, BY PRODUCT, 2022–2027 (USD MILLION)    123
TABLE 86    COMPRESSED AIR FILTER AND DRYER MARKET FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2018–2021 (USD MILLION)    124
TABLE 87    COMPRESSED AIR FILTER AND DRYER MARKET FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2022–2027 (USD MILLION)    124
9.9    ELECTRONICS    125
9.9.1    INCREASING DEMAND FOR HIGHEST PURITY STANDARDS OF COMPRESSED AIR IN ELECTRONICS INDUSTRY TO FUEL MARKET GROWTH    125
TABLE 88    COMPRESSED AIR FILTER AND DRYER MARKET FOR ELECTRONICS INDUSTRY, BY PRODUCT, 2018–2021 (USD MILLION)    125
TABLE 89    COMPRESSED AIR FILTER AND DRYER MARKET FOR ELECTRONICS INDUSTRY, BY PRODUCT, 2022–2027 (USD MILLION)    125
TABLE 90    COMPRESSED AIR FILTER AND DRYER MARKET FOR ELECTRONICS INDUSTRY, BY REGION, 2018–2021 (USD MILLION)    126
TABLE 91    COMPRESSED AIR FILTER AND DRYER MARKET FOR ELECTRONICS INDUSTRY, BY REGION, 2022–2027 (USD MILLION)    126

9.10    OTHERS    127
TABLE 92    COMPRESSED AIR FILTER AND DRYER MARKET FOR OTHER INDUSTRIES,
BY PRODUCT, 2018–2021 (USD MILLION)    127
TABLE 93    COMPRESSED AIR FILTER AND DRYER MARKET FOR OTHER INDUSTRIES,
BY PRODUCT, 2022–2027 (USD MILLION)    127
TABLE 94    COMPRESSED AIR FILTER AND DRYER MARKET FOR OTHER INDUSTRIES,
BY REGION, 2018–2021 (USD MILLION)    128
TABLE 95    COMPRESSED AIR FILTER AND DRYER MARKET FOR OTHER INDUSTRIES,
BY REGION, 2022–2027 (USD MILLION)    128
10    GEOGRAPHIC ANALYSIS    129
10.1    INTRODUCTION    130
FIGURE 43    COMPRESSED AIR FILTER AND DRYER MARKET IN INDIA TO GROW
AT HIGHEST CAGR DURING 2022–2027    130
TABLE 96    COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION,
2018–2021 (USD BILLION)    130
TABLE 97    COMPRESSED AIR FILTER AND DRYER MARKET, BY REGION,
2022–2027 (USD BILLION)    131
10.2    NORTH AMERICA    132
FIGURE 44    NORTH AMERICA: COMPRESSED AIR FILTER AND DRYER MARKET SNAPSHOT    132
TABLE 98    COMPRESSED AIR FILTER & DRYER MARKET IN NORTH AMERICA,
BY PRODUCT, 2018–2021 (USD MILLION)    133
TABLE 99    COMPRESSED AIR FILTER & DRYER MARKET IN NORTH AMERICA,
BY PRODUCT, 2022–2027 (USD MILLION)    133
TABLE 100    COMPRESSED AIR FILTER AND DRYER MARKET IN NORTH AMERICA,
BY INDUSTRY, 2018–2021 (USD MILLION)    133
TABLE 101    COMPRESSED AIR FILTER AND DRYER MARKET IN NORTH AMERICA,
BY INDUSTRY, 2022–2027 (USD MILLION)    134
TABLE 102    COMPRESSED AIR FILTER & DRYER MARKET IN NORTH AMERICA,
BY COUNTRY, 2018–2021 (USD MILLION)    134
TABLE 103    COMPRESSED AIR FILTER & DRYER MARKET IN NORTH AMERICA,
BY COUNTRY, 2022–2027 (USD MILLION)    134
10.2.1    US    135
10.2.1.1    Growing demand for electric vehicles to fuel market growth in US    135
10.2.2    CANADA    135
10.2.2.1    Oil & gas and power are major contributors to market growth
in Canada    135
10.2.3    MEXICO    136
10.2.3.1    Increasing investments in automotive industry to propel
market growth in Mexico    136
10.3    EUROPE    136
FIGURE 45    EUROPE: COMPRESSED AIR FILTER AND DRYER MARKET SNAPSHOT    137
TABLE 104    COMPRESSED AIR FILTER & DRYER MARKET IN EUROPE, BY PRODUCT, 2018–2021 (USD MILLION)    137
TABLE 105    COMPRESSED AIR FILTER & DRYER MARKET IN EUROPE, BY PRODUCT, 2022–2027 (USD MILLION)    138
TABLE 106    COMPRESSED AIR FILTER AND DRYER MARKET IN EUROPE, BY INDUSTRY, 2018–2021 (USD MILLION)    138
TABLE 107    COMPRESSED AIR FILTER AND DRYER MARKET IN EUROPE, BY INDUSTRY, 2022–2027 (USD MILLION)    138
TABLE 108    COMPRESSED AIR FILTER & DRYER MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)    139
TABLE 109    COMPRESSED AIR FILTER & DRYER MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)    139
10.3.1    GERMANY    139
10.3.1.1    Automotive industry to fuel market growth in Germany    139
10.3.2    UK    140
10.3.2.1    Growing emphasis on quality standards in food & beverages industry to drive market growth    140
10.3.3    FRANCE    140
10.3.3.1    Power sector to provide growth opportunities for market in France    140
10.3.4    ITALY    141
10.3.4.1    Growing pharmaceuticals industry in Italy to aid growth of compressed air filter and dryer market    141
10.3.5    REST OF EUROPE    141
10.4    ASIA PACIFIC    141
TABLE 110    COMPRESSED AIR FILTER AND DRYER MARKET IN ASIA PACIFIC,
BY PRODUCT, 2018–2021 (USD MILLION)    142
TABLE 111    COMPRESSED AIR FILTER AND DRYER MARKET IN ASIA PACIFIC,
BY PRODUCT, 2022–2027 (USD MILLION)    143
TABLE 112    COMPRESSED AIR FILTER AND DRYER MARKET IN ASIA PACIFIC,
BY INDUSTRY, 2018–2021 (USD MILLION)    143
TABLE 113    COMPRESSED AIR FILTER AND DRYER MARKET IN ASIA PACIFIC,
BY INDUSTRY, 2022–2027 (USD MILLION)    143
TABLE 114    COMPRESSED AIR FILTER & DRYER MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)    144
TABLE 115    COMPRESSED AIR FILTER & DRYER MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)    144
10.4.1    CHINA    144
10.4.1.1    Growing electronics industry to drive market growth in China    144
10.4.2    JAPAN    145
10.4.2.1    Metals & machinery and automotive industries are largest contributors to market in Japan    145
10.4.3    INDIA    145
10.4.3.1    Market growth in India majorly propelled by pharmaceuticals
and electronics industries    145
10.4.4    REST OF ASIA PACIFIC    146
10.5    REST OF THE WORLD    146
TABLE 116    COMPRESSED AIR FILTER AND DRYER MARKET IN REST OF THE WORLD,
BY PRODUCT, 2018–2021 (USD MILLION)    146
TABLE 117    COMPRESSED AIR FILTER AND DRYER MARKET IN REST OF THE WORLD,
BY PRODUCT, 2022–2027 (USD MILLION)    146
TABLE 118    COMPRESSED AIR FILTER AND DRYER MARKET IN REST OF THE WORLD,
BY INDUSTRY, 2018–2021 (USD MILLION)    147
TABLE 119    COMPRESSED AIR FILTER AND DRYER MARKET IN REST OF THE WORLD,
BY INDUSTRY, 2022–2027 (USD MILLION)    147
TABLE 120    COMPRESSED AIR FILTER & DRYER MARKET IN REST OF THE WORLD,
BY REGION, 2018–2021 (USD MILLION)    147
TABLE 121    COMPRESSED AIR FILTER & DRYER MARKET IN REST OF THE WORLD,
BY REGION, 2022–2027 (USD MILLION)    148
10.5.1    SOUTH AMERICA    148
10.5.1.1    Brazil is major contributor to market growth in South America    148
10.5.2    MIDDLE EAST    148
TABLE 122    COMPRESSED AIR FILTER & DRYER MARKET IN MIDDLE EAST, BY COUNTRY, 2018–2021 (USD MILLION)    149
TABLE 123    COMPRESSED AIR FILTER & DRYER MARKET IN MIDDLE EAST, BY COUNTRY, 2022–2027 (USD MILLION)    149
10.5.2.1    Saudi Arabia    149
10.5.2.1.1    Growing crude oil production is prominent driver for market growth in Saudi Arabia    149
10.5.2.2    UAE    150
10.5.2.2.1    Several offshore field developments in UAE to support market growth    150
10.5.2.3    Rest of Middle East    150
10.5.3    AFRICA    150
10.5.3.1    Automotive and pharmaceuticals are major contributors to market growth in Africa    150
11    COMPETITIVE LANDSCAPE    151
11.1    OVERVIEW    151
11.2    KEY PLAYER STRATEGIES/ RIGHT TO WIN    151
TABLE 124    OVERVIEW OF STRATEGIES ADOPTED BY COMPRESSED AIR FILTER
AND DRYER VENDORS    151
11.3    REVENUE ANALYSIS OF TOP 5 COMPANIES    152
FIGURE 47    5-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN COMPRESSED
AIR FILTER AND DRYER MARKET    152
11.4    MARKET SHARE ANALYSIS (2021)    153
TABLE 125    COMPRESSED AIR FILTER AND DRYER MARKET: MARKET SHARE
ANALYSIS (2021)    153
11.5    COMPANY EVALUATION QUADRANT, 2021    154
11.5.1    STAR    154
11.5.2    PERVASIVE    154
11.5.3    EMERGING LEADER    154
11.5.4    PARTICIPANT    154
FIGURE 48    COMPRESSED AIR FILTER AND DRYER MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2021    155
11.6    SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION QUADRANT, 2021    156
11.6.1    PROGRESSIVE    156
11.6.2    RESPONSIVE    156
11.6.3    DYNAMIC    156
11.6.4    STARTING BLOCK    156
FIGURE 49    COMPRESSED AIR FILTER AND DRYER MARKET (GLOBAL) SME
EVALUATION QUADRANT, 2021    157
11.7    COMPRESSED AIR FILTER AND DRYER MARKET: COMPANY FOOTPRINT    158
TABLE 126    COMPANY FOOTPRINT    158
FIGURE 50    COMPANY INDUSTRY FOOTPRINT    159
TABLE 127    COMPANY PRODUCT TYPE FOOTPRINT    160
TABLE 128    COMPANY REGION FOOTPRINT    161
11.8    COMPRESSED AIR FILTER AND DRYER MARKET: SME MATRIX    162
FIGURE 51    COMPRESSED AIR FILTER AND DRYER MARKET: DETAILED LIST
OF KEYS STARTUPS/SMES    162
FIGURE 52    COMPRESSED AIR FILTER AND DRYER MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES    162
11.9    COMPETITIVE SCENARIO    163
TABLE 129    COMPRESSED AIR FILTER AND DRYER MARKET: PRODUCT
LAUNCHES, 2020−2021    163
TABLE 130    COMPRESSED AIR FILTER AND DRYER MARKET: DEALS, 2021    164
12    COMPANY PROFILES    165
12.1    KEY PLAYERS    165
(Business Overview, Products Offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats)*
12.1.1    ATLAS COPCO    165
TABLE 131    ATLAS COPCO: BUSINESS OVERVIEW    165
FIGURE 53    ATLAS COPCO: COMPANY SNAPSHOT    166
TABLE 132    ATLAS COPCO: PRODUCT OFFERING    167
TABLE 133    ATLAS COPCO: PRODUCT LAUNCHES    167
TABLE 134    ATLAS COPCO: DEALS    167
12.1.2    INGERSOLL RAND    170
TABLE 135    INGERSOLL RAND: BUSINESS OVERVIEW    170
FIGURE 54    INGERSOLL RAND: COMPANY SNAPSHOT    171
TABLE 136    INGERSOLL RAND: PRODUCT OFFERINGS    172
TABLE 137    INGERSOLL RAND: PRODUCT LAUNCHES    172
TABLE 138    INGERSOLL RAND: DEALS    173
12.1.3    PARKER-HANNIFIN    174
TABLE 139    PARKER-HANNIFIN: BUSINESS OVERVIEW    174
FIGURE 55    PARKER-HANNIFIN: COMPANY SNAPSHOT    175
TABLE 140    PARKER-HANNIFIN: PRODUCT OFFERINGS    175
TABLE 141    PARKER-HANNIFIN: PRODUCT LAUNCHES    176
12.1.4    PENTAIR    178
TABLE 142    PENTAIR: BUSINESS OVERVIEW    178
FIGURE 56    PENTAIR: COMPANY SNAPSHOT    179
TABLE 143    PENTAIR: PRODUCT OFFERINGS    179
TABLE 144    PENTAIR: PRODUCT LAUNCHES    180
12.1.5    DONALDSON COMPANY    181
TABLE 145    DONALDSON COMPANY: BUSINESS OVERVIEW    181
FIGURE 57    DONALDSON COMPANY: COMPANY SNAPSHOT    182
TABLE 146    DONALDSON COMPANY: PRODUCT OFFERINGS    182
TABLE 147    DONALDSON COMPANY: PRODUCT LAUNCHES    183
TABLE 148    DONALDSON COMPANY: DEALS    183
12.1.6    BOGE KOMPRESSOREN    185
TABLE 149    BOGE KOMPRESSOREN: BUSINESS OVERVIEW    185
TABLE 150    BOGE KOMPRESSOREN: PRODUCT OFFERINGS    185
TABLE 151    BOGE KOMPRESSOREN: PRODUCT LAUNCHES    186
12.1.7    KAESER KOMPRESSOREN    187
TABLE 152    KAESER KOMPRESSOREN: BUSINESS OVERVIEW    187
TABLE 153    KAESER KOMPRESSOREN: PRODUCT OFFERINGS    187
TABLE 154    KAESER KOMPRESSOREN: PRODUCT LAUNCHES    188
12.1.8    SPX FLOW    189
TABLE 155    SPX FLOW: BUSINESS OVERVIEW    189
FIGURE 58    SPX FLOW: COMPANY SNAPSHOT    190
TABLE 156    SPX FLOW: PRODUCT OFFERINGS    191
12.1.9    SULLAIR    192
TABLE 157    SULLAIR: BUSINESS OVERVIEW    192
TABLE 158    SULLAIR: PRODUCT OFFERINGS    192
12.1.10    SULLIVAN-PALATEK    193
TABLE 159    SULLIVAN-PALATEK: BUSINESS OVERVIEW    193
TABLE 160    SULLIVAN-PALATEK: PRODUCT OFFERINGS    193
12.2    OTHER PLAYERS    194
12.2.1    MIKROPOR MAKINA SANAYI VE TICARET    194
TABLE 161    MIKROPOR MAKINA SANAYI VE TICARET: COMPANY OVERVIEW    194
12.2.2    BEKO TECHNOLOGIES    195
TABLE 162    BEKO TECHNOLOGIES: COMPANY OVERVIEW    195
12.2.3    VAN AIR SYSTEMS    196
TABLE 163    VAN AIR SYSTEMS: COMPANY OVERVIEW    196
12.2.4    ING. ENEA MATTEI    197
TABLE 164    ING. ENEA MATTEI: COMPANY OVERVIEW    197
12.2.5    PRECISION FILTRATION PRODUCTS    198
TABLE 165    PRECISION FILTRATION PRODUCTS: COMPANY OVERVIEW    198
12.2.6    OMEGA AIR INŽENIRING D.O.O. LJUBLJANA    199
TABLE 166    OMEGA AIR INŽENIRING D.O.O. LJUBLJANA: COMPANY OVERVIEW    199
12.2.7    ALMIG KOMPRESSOREN    200
TABLE 167    ALMIG KOMPRESSOREN: COMPANY OVERVIEW    200
12.2.8    PREVOST    201
TABLE 168    PREVOST: COMPANY OVERVIEW    201
12.2.9    BAUER COMP HOLDING    202
TABLE 169    BAUER COMP HOLDING: COMPANY OVERVIEW    202
12.2.10    AIRFILTER ENGINEERING    203
TABLE 170    AIRFILTER ENGINEERING: COMPANY OVERVIEW    203
12.2.11    ATS S.R.L.    204
TABLE 171    ATS S.R.L.: COMPANY OVERVIEW    204
12.2.12    WALKER FILTRATION    205
TABLE 172    WALKER FILTRATION: COMPANY OVERVIEW    205
12.2.13    ALTEC    206
TABLE 173    ALTEC: COMPANY OVERVIEW    206
12.2.14    FST GMBH    207
TABLE 174    FST GMBH: COMPANY OVERVIEW    207
12.2.15    GENERON    208
TABLE 175    GENERON: COMPANY OVERVIEW    208
*Details on Business Overview, Products Offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats might not be captured in case of unlisted companies."
"13    ADJACENT AND RELATED MARKET    209
13.1    INDUSTRIAL REFRIGERATION SYSTEM MARKET    209
13.2    INTRODUCTION    209
TABLE 176    INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY COMPONENT,
2017–2020 (USD MILLION)    209
FIGURE 59    COMPRESSORS TO LEAD INDUSTRIAL REFRIGERATION SYSTEM
MARKET DURING FORECAST PERIOD    209
TABLE 177    INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY COMPONENT,
2021–2026 (USD MILLION)    210
13.3    COMPRESSORS    210
TABLE 178    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR COMPRESSORS,
BY TYPE, 2017–2020 (USD MILLION)    211
FIGURE 60    SCREW COMPRESSORS TO COMMAND INDUSTRIAL REFRIGERATION SYSTEM MARKET DURING FORECAST PERIOD    211
TABLE 179    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR COMPRESSORS,
BY TYPE, 2021–2026 (USD MILLION)    211
TABLE 180    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR COMPRESSORS,
BY REGION, 2017–2020 (USD MILLION)    212
TABLE 181    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR COMPRESSORS,
BY REGION, 2021–2026 (USD MILLION)    212
TABLE 182    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR COMPRESSORS,
BY APPLICATION, 2017–2020 (USD MILLION)    213
TABLE 183    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR COMPRESSORS,
BY APPLICATION, 2021–2026 (USD MILLION)    213
13.3.1    RECIPROCATING COMPRESSORS    213
13.3.1.1    Advantages such as low cost and high efficiency of reciprocating compressors to accelerate market growth    213
TABLE 184    INDUSTRIAL REFRIGERATION RECIPROCATING COMPRESSOR MARKET,
BY TYPE, 2017–2020 (USD MILLION)    214
FIGURE 61    MARKET FOR SEMI-HERMETIC RECIPROCATING COMPRESSORS TO GROW
AT HIGHEST CAGR DURING FORECAST PERIOD    214
TABLE 185    INDUSTRIAL REFRIGERATION RECIPROCATING COMPRESSOR MARKET,
BY TYPE, 2021–2026 (USD MILLION)    215
13.3.1.2    Semi-hermetic type    215
13.3.1.3    Hermetic type    215
13.3.1.4    Open type    215
13.3.2    SCREW COMPRESSORS    216
13.3.2.1    Characteristics such as higher capacity output, larger compression ratios, and smoother control to deliver energy savings to propel growth of screw compressors    216
13.3.2.2    Single-screw compressors    216
13.3.2.3    Twin-screw compressors    216
13.4    CONDENSERS    217
TABLE 186    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONDENSERS,
BY TYPE, 2017–2020 (USD MILLION)    217
FIGURE 62    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR EVAPORATIVE CONDENSERS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD    217
TABLE 187    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONDENSERS,
BY TYPE, 2021–2026 (USD MILLION)    218
TABLE 188    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONDENSERS,
BY REGION, 2017–2020 (USD MILLION)    218
TABLE 189    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONDENSERS,
BY REGION, 2021–2026 (USD MILLION)    218
TABLE 190    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONDENSERS,
BY APPLICATION, 2017–2020 (USD MILLION)    219
TABLE 191    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONDENSERS,
BY APPLICATION, 2021–2026 (USD MILLION)    219
13.4.1    AIR-COOLED CONDENSERS    220
13.4.1.1    Air-cooled condensers offer easy installation and low/
less water consumption    220
13.4.2    WATER-COOLED CONDENSERS    220
13.4.2.1    Benefits such as higher efficiency and smaller space requirement
to propel market growth    220
13.4.3    EVAPORATIVE CONDENSERS    220
13.4.3.1    Evaporative condensers to continue to dominate industrial refrigeration condenser market during forecast period    220
13.5    EVAPORATORS    221
13.5.1    APAC TO GROW AT HIGHEST CAGR FOR EVAPORATORS DURING
FORECAST PERIOD    221
13.5.2    BY COOLING TYPE    221
13.5.2.1    Air-cooled evaporators    221
13.5.3    BY DESIGN TYPE    222
13.5.3.1    Bare tube evaporators    222
13.5.3.2    Plate type evaporators    222
13.5.3.3    Finned evaporators    222
13.5.3.4    Shell and tube type evaporators    222
TABLE 192    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR EVAPORATORS,
BY REGION, 2017–2020 (USD MILLION)    222
FIGURE 63    APAC TO RECORD HIGHEST CAGR IN INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR EVAPORATORS DURING FORECAST PERIOD    223
TABLE 193    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR EVAPORATORS,
BY REGION, 2021–2026 (USD MILLION)    223
TABLE 194    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR EVAPORATORS,
BY APPLICATION, 2017–2020 (USD MILLION)    224
TABLE 195    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR EVAPORATORS,
BY APPLICATION, 2021–2026 (USD MILLION)    224
13.6    CONTROLS    225
13.6.1    CONTROL SYSTEMS HELP REMOTELY MONITOR INDUSTRIAL REFRIGERATION SYSTEMS, THEREBY LOWERING OPERATING & MAINTENANCE COSTS    225
13.6.2    COMPRESSOR CONTROLS    225
13.6.3    CONDENSER CONTROLS    225
13.6.4    EVAPORATOR CONTROLS    225
TABLE 196    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONTROLS, BY REGION, 2017–2020 (USD MILLION)    226
FIGURE 64    NORTH AMERICA TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONTROLS DURING FORECAST PERIOD    226
TABLE 197    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONTROLS, BY REGION, 2021–2026 (USD MILLION)    226
TABLE 198    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONTROLS,
BY APPLICATION, 2017–2020 (USD MILLION)    227
TABLE 199    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR CONTROLS,
BY APPLICATION, 2021–2026 (USD MILLION)    228
13.7    VESSELS, PUMPS, VALVES, AND AUXILIARY EQUIPMENT    228
13.7.1    REFRIGERATED WAREHOUSE & FOOD PROCESSING INDUSTRY TO
CREATE NEW MARKET OPPORTUNITIES FOR VESSELS, PUMPS, VALVES,
AND AUXILIARY EQUIPMENT    228
TABLE 200    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR VESSELS, PUMPS, VALVES, & AUXILIARY EQUIPMENT, BY REGION, 2017–2020 (USD MILLION)    229
FIGURE 65    APAC TO WITNESS HIGHEST CAGR IN INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR VESSELS, PUMPS, VALVES, & AUXILIARY EQUIPMENT DURING FORECAST PERIOD    229
TABLE 201    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR VESSELS, PUMPS, VALVES, & AUXILIARY EQUIPMENT, BY REGION, 2021–2026 (USD MILLION)    229
TABLE 202    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR VESSELS,
PUMPS, VALVES, & AUXILIARY EQUIPMENT, BY APPLICATION,
2017–2020 (USD MILLION)    230
TABLE 203    INDUSTRIAL REFRIGERATION SYSTEM MARKET FOR VESSELS,
PUMPS, VALVES, & AUXILIARY EQUIPMENT, BY APPLICATION,
2021–2026 (USD MILLION)    230

14    APPENDIX    231
14.1    INSIGHTS OF INDUSTRY EXPERTS    231
14.2    DISCUSSION GUIDE    232
14.3    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    234
14.4    AVAILABLE CUSTOMIZATIONS    236
14.5    RELATED REPORTS    236
14.6    AUTHOR DETAILS    237"