August 20, 2019
Global membrane air dryer market is anticipated to cross US $800 million by the year 2025, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2019-2025.
Industries around the world are focusing on improving the workplace safety and maintaining healthy environment. The use of membrane air dryer for providing clean and dry compressed air will boost the global product demand. The ability of the product to supply compressed air free of oil, water, and other impurities at lower temperatures with less operational & maintenance cost will further bolster the growth of membrane air dryer market.
As various industries compete to offer low-cost high-quality products, the use of membrane air dryer will guarantee safe and reliable supply to compressed air systems used in varied industrial equipment, thereby decreasing the overall manufacturing cost. This factor along with ISO & other regulations for compressed air purity will encourage the product adoption, hence driving the market in upcoming years.
The ability of membrane air dryer to operate without electricity, owing to the absence of moving parts, makes it suitable for use in mines and oil rigs which are located remotely. However, the use of the dryer in low capacity system to achieve low dew point results in loss of high purge air, hence hampering the market growth over the forecast period, cites the report.
Considering the application spectrum, the membrane air dryer market share from process air application is presumed to grow at the rate 4% over the forecast timeframe, owing to its applicability in numerous industrial processes along with the ability to provide low dew points with nominal operating cost. While the instrument air is widely used in analytical equipment, pneumatic controls, and precision instruments; the segment is expected to witness lucrative growth opportunities in the upcoming years owing to rapid industrialization.
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Based on the end-use type, the market is divided as oil & gas, electronics, chemical, general manufacturing, medical, and food & beverage among others. Growing population and the subsequent demand for convenience food will propel application of membrane air dryer in food & beverage sector, which is projected to hold 15% share in the product market by 2025.
In terms of regional contribution, Europe is anticipated to contribute 30% to the overall growth of membrane air dryer market over the forecast timeframe, owing to various factors such as presence of numerous end-use industries, adoption of automation in manufacturing processes, and improving trade relations in the region.
The key contenders operating in the membrane air dryer market comprise Atlas Copco, Parker Hannifin, Kaeser Kompressoren, Ingersoll-Rand, Hankison, Donaldson Company, Walmec, Omega Air, and Bellex International among others.