Global Filter Regulator Market: By Type (Filter, Regulator and Lubricator), By Application (Oil & gas, Food & beverage, Pharmaceutical, Automotive and Others) and Geography

 

Filter Regulator Market size valued at US$ 7.64 Billion in 2021 and expected to reach USD 10.89 Billion by 2028, at a CAGR of 5.2% during the forecast period 2022-2028. Growing demand for global oil & gas industry, need for the robust performance, increase in demand for superior efficiency of the compressors, minimizing the energy cost and the downtime are some key factors fostering the market growth.  However, factors such as higher maintenance cost and relatively shorter tool life are limiting the market growth. Global market is surging owing to expansion of their production facilities for filter regulator to meet the demands of the customers in the market. For instance, Emerson announced acquisitions of Paradigm, a provider of software solutions for the oil and gas industry, and Aventics, a global provider of smart pneumatics technologies, which are reported in Automation Solutions. The research is a great blend of qualitative and quantitative data, covering significant market developments, industry and competition issues, gap analysis, and new opportunities and trends in the Filter Regulator Market. Downtime in an industrial plant is quite costly, and it is frequently caused by dirty and poorly maintained compressed air systems. Filter regulators are also utilised in the Oil and Gas industry to meet the industry's special need for reliable performance while minimising energy costs and downtime.