April 27, 2020
As per the report titled ‘Membrane Air Dryers Market Size By Application, By End-use, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 - 2025’, available with Market Study Report LLC, global membrane air dryers market is projected to cross USD 800 million by the year 2025.
Improving industrial health & safety norms along with the ability of membrane air dryers to provide pollutant free and dehumidified compressed air in hazardous settings are expected to foster the market growth. Delivery of compressed air free from water, oil and other impurities at -40°C along with low operating and maintenance cost are the key factors supporting the product adoption. In addition, membrane air dryers have zero moving parts, thus don’t require electricity for their operations, making them ideal for remote locations such as oil rigs and mines.
Growing competition among industry players to deliver high quality products with minimal manufacturing cost and integrated automation will render a positive impact on membrane air dryers market. On the contrary, applicability in only low-capacity systems and high purge air loss to achieve low dew points are the disadvantages of membrane air dryers that may hinder the market growth during the forecast period.
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As per the application scope, process air segment is estimated to expand at 4% CAGR over 2018-2025. Process air membrane dryer’s applicability in various industrial processes as it can achieve low dew point in tandem with minimal operational cost are driving the segment growth. On the other hand, Instrument air segment holds considerable market share, owing to extensive product use in pneumatic controls, precision instrumentations, and analytical equipment.
Speaking of the end-use spectrum, food & beverage segment is anticipated to record 15% industry share by the year 2025. Increasing population coupled with growing consumer preference for convenience food products will further enhance the market growth in the forthcoming years.
Considering the geographical outlook, Europe presently holds 30% share of membrane air dryers market and is predicted to see strong growth in the coming years as well. The growth can be attributed to the strong presence of end-use industries in the region along with integration of automation in the manufacturing sector.
Prominent players in membrane air dryers market are Atlas Copco Corp., Gardner Denver, Inc., Graco Inc., Ingersoll-Rand, Hankison, SMC Corporation, Parker Hannifin Corporation, Wilkerson Corporation, Pentair Plc, Kaeser Kompressoren, Walmec, Donaldson Company, Inc., Bellex International Corporation, Beko Technologies, and Omega Air.
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