Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 973.62 Million | USD 1975.66 Million | CAGR at 8.18% | 2023 |
The market for membrane air dryers was worth USD 973.62 million in 2023, and according to a report by Zion Market Research, it will be worth USD 1975.66 million by the end of 2032. The market is expected to grow with a CAGR of 8.18% during the forecast period.
This study provides an analysis of the growth drivers, growth restrictions, and influence on demand that are associated with the Global Membrane Air Dryers Market over the time of forecasting. Additionally, it will assist in navigating and investigating the possibilities that are becoming available in the Membrane Air Dryers Market market.
The membrane air dryers offer an efficient way to restrict contaminants from the compressed systems. Thus, membrane air dryers are used as an advanced filtration medium that works with existing compressed air systems. The membrane air dryers are reliable, economical, and can be used throughout as they do not require electricity. If the membrane air dryers are installed and maintained properly, then they have a long life span. Owing to these beneficial features, membrane air dryers are widely used in end-use industries such as medical, food & beverage, telecommunication, and industrial, among many others.
The global market for membrane air dryers is fragmented into product type and application.
Based on the product type, the market is segregated into nonporous and porous. The porous segment is the leading segment in the product type.
Based on the application, the global market is categorized into electronics, industrial, medical, food & beverage, telecommunication, and others.
There are various advantages to membrane air dryers, which include having no moving parts, being lightweight in nature, being compact in size, utilizing less space, and having no heat discharge or vibration. Other prominent features include improvements in the manufacturing process, no requirement of electricity, thus being energy-saving, minimizing noise, and a complete enhancement in system reliability. Due to all these factors, the demand for membrane air dryers has increased in different end-user industries, such as the medical sector, thus triggering the growth of the market. Another important factor that contributes to market growth is the increased hygiene in the food and beverage sector, especially in the dairy and meat industries. The factor that will limit the growth of the market is the unnecessary excess water in compressed air, resulting in equipment corrosion, which further leads to functioning issues.
On the basis of regional segmentation, the global membrane air dryer market includes regions such as North America, Western Europe, Asia Pacific, the Middle East and Africa, Latin America, and Eastern Europe. The region that is developing at a rapid rate in the membrane air dryer market is North America. The European region comes after North America. The government's implementation of rules and regulations, along with the industry's efforts to standardize, are factors that are fostering market expansion in these areas. In the coming years, the market will grow at a significant rate in Asia Pacific region.
Report Attributes | Report Details |
---|---|
Report Name | Membrane Air Dryers Market Research Report |
Market Size in 2023 | USD 973.62 Million |
Market Forecast in 2032 | USD 1975.66 Million |
Growth Rate | CAGR of 8.18% |
Number of Pages | 201 |
Key Companies Covered | Sullair, Pentair, Atlas Copco Corp., Donaldson Company Inc., Parker, Gardner Denver, Inc., and others. |
Segments Covered | By Product Type, By Application, and By Region |
Regions Covered | Latin America, North America, Asia Pacific, Europe, The Middle East, And Africa |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Customized purchase options are available to meet your exact research needs. Request For Customization |
The key market players that are involved in the membrane air dryers market include
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