Membrane Air Dryers Market Size - By Application (Plant/shop Air, Instrument Air, Process Air, Breathing Air), By End-use (Chemical, Oil & Gas, Medical, Food & Beverage, Electronics, General Manufacturing) & Global Forecast, 2023 - 2032
Membrane Air Dryers Market Size - By Application (Plant/shop Air, Instrument Air, Process Air, Breathing Air), By End-use (Chemical, Oil & Gas, Medical, Food & Beverage, Electronics, General Manufacturing) & Global Forecast, 2023 - 2032
Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Industrial-Machinery | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Free Sample Ask for Discount Request CustomizationMembrane Air Dryers Market Size
Membrane Air Dryers Market size is projected to grow substantially at more than 4% CAGR from 2023 to 2032, driven by the rollout of stringent environmental regulations across multiple industries.
To get key market trends
People are becoming more and more aware of how our activities affect the environment, and there's a growing push to reduce our impact. That's why air drying solutions are becoming increasingly popular. Governments and businesses around the world are making it a priority to be environmentally responsible, and air drying helps them meet those goals by saving energy and reducing emissions. Plus, people are getting more interested in using renewable energy sources like solar and wind power. That's good news for air drying solutions, because they work well with these sustainable energy sources. In fact, in the U.S. alone, companies have already invested billions of dollars in renewable energy projects and manufacturing plants.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 4% |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 270 |
| Tables, Charts & Figures | 418 |
| Segments covered | Application, End-use and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
COVID-19 Impact
The COVID-19 pandemic had positive as well as negative impact on the membrane air dryers market development as it initially caused supply chain disruptions and production halts mainly across the automotive and aerospace sectors. Conversely, industries that heavily relied on clean and dry compressed air, such as healthcare, pharmaceuticals, and food processing, recorded sustained demand for membrane air dryers. However, with several economies gradually recovering, the emphasis on hygiene, quality control, and safety accelerated the adoption of membrane air dryers across industries, adding to the market size.
Membrane Air Dryers Market Growth Drivers and Restraints
The developing automation trends in the manufacturing sector will also prove favorable for significant market revenue. With numerous industries embracing automation for enhanced efficiency and quality control, the demand for air-drying solutions has substantially soared, adding to the product demand. However, competitive factors, including operating environment, air quality requirements, and upfront costs may influence the choice of other types of dryers, limiting the industry expansion to some extent.
Membrane Air Dryers Market Trends
The rising trend of decentralized point-of-use air drying solutions with compact sizes and higher efficiency of membrane air dryers will boost the market demand. Multiple industries ranging from manufacturing and electronics to healthcare and food processing are largely adopting point-of-use membrane air dryers to improve process efficiency, reduce maintenance, and enhance system reliability. Furthermore, the growth of automation and Industry 4.0 practices along with the increasing prominence of pneumatic instruments and machinery is expected to augment the industry outlook.
Membrane Air Dryers Market Analysis
The instrument air segment accounts for more than 40% of the membrane air dryers market share in 2022, owing to the rising need for dry and clean compressed air in various precision instruments and laboratory equipment. The ongoing technological advancements and innovations in instrument design have spurred the high demand for efficient air-drying solutions. Moreover, the widespread application of membrane air dryers in healthcare, pharmaceuticals, and electronics will fuel the segment growth.
The membrane air dryers market from chemical end-use segment is anticipated to record considerable expansion between 2023 and 2032, attributed to the increasing number of chemical companies, especially in Asia Pacific. The increasing emphasis on product purity, safety, and environmental regulations in the chemical sector is driving the adoption of membrane air dryers. Moreover, the rising incorporation of Industry 4.0 technologies along with the surging demand for consistent and controlled air supply to pneumatic instruments and automated systems will contribute to the segment expansion.
Asia Pacific membrane air dryer market will gain remarkable momentum during the forecast timeline, due to the thriving chemical production in the region. As per estimates, APAC represents more than 45% of the global chemical manufacturing. Moreover, the rising investments in energy production and the higher adoption of membrane air dryers in the oil and gas sectors are contributing to the regional market growth. For instance, India has allowed 100% foreign direct investment in upstream projects.
Membrane Air Dryers Market Share
Some of the leading companies operating in the membrane air dryers market include
- Wilkerson Corporation
- Graco Inc.
- Gardner Denver
- Hankison
- Donaldson Company
- SMC Corporation
- Pentair plc
- Ingersoll-Rand
- Parker Hannifin Corporation
Membrane Air Dryers Industry News
- In October 2022, the Fraunhofer Institute for Microengineering and Microsystems partnered with Parker Hannifin's Engine Mobile Filtration EMEA Division to develop and test new patented hollow fiber membrane technology to cater to cell humidification applications.
This membrane air dryers market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units & revenue in USD million from 2018 to 2032, for the following segments
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Market, By Application
- Plant/shop Air
- Instrument Air
- Process Air
- Breathing Air
Market, By End-use
- Chemical
- Oil & gas
- Medical
- Food & Beverage
- Electronics
- General Manufacturing
- Others
The above information has been provided for the following regional and country
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- South Korea
- Latin America (LATAM)
- Brazil
- Mexico
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Kuwait
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