Membrane Air Dryers Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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Global Membrane Air Dryers Market Introduction
The membrane air dryers market is projected to achieve a CAGR of over 4.2% from 2019 to 2029.
Membrane air dryers offer advantages such as enhanced efficiency, removing the contaminants and prolonging the system's life by lessening corrosion and rust. These factors have impelled the market and are projected to showcase notable growth. Rising demand for dry and clean air in medical, manufacturing and food & beverage industries is driving the growth of the market. Membrane air dryers reduce the maintenance cost and improve the operational performance of a system, these factors have positively influenced the market.
The market is segmented into by application, by end-use, and by region. In terms of application, instrument air is projected to dominate the market.
Based on application, instrument air is expected to dictate the growth of the market. The growing focus on satisfying the high air purity criteria has boosted the demand for instrument air. The necessity of clean air plays a crucial role in delivering a safe work environment in industries like medical and oil & gas. These factors have elevated the market. The presence of moisture in the processing of food may hinder the food & beverages, in order to avoid there has been a huge demand for membrane air dryer.
In terms of end-use, the chemical industry is expected to witness vast growth. There's been an increasing demand for providing dry and high air purity air in chemical industries. Workers in such industries need to work with clean, high quality compressed and clean air around them. Hence presentation of fresh air is a must, thus resulting in an escalation of membrane air dryer market. Increasing penetration of clean workspace from food & beverage and medical industries is also augmenting the market. The need for water moisture in compressed steam in food & beverages is positively influencing the market.
In terms of region, North America is the global leader of the market. Presence of prominent players coupled with the expansion of food & beverages and medical industries have boosted the presence of the market in the region. Government regulations regarding food processing in the US are expected to have a positive influence on the market. Asia-Pacific region is expected to witness substantial during the forecast period. The expansion of food & beverages and chemical industries remain the key reason behind the propelling of the market in the region.
Major players of the market are Donaldson Company Inc, Parket, Pentair and Sullair, Gardner Denver, Atlas Copco Corp, Sullair, and Mikropor.
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Global Membrane Air Dryers Market Segmentation:
1. By Application
a. Plant air/shop air
• Chemical
• Oil & gas
• Medical
• Food & beverage
• Electronics
• General manufacturing
• Others
b. Instrument air
• Chemical
• Oil & gas
• Medical
• Food & beverage
• Electronics
• General manufacturing
• Others
c. Process air
• Chemical
• Oil & gas
• Medical
• Food & beverage
• Electronics
• General manufacturing
• Others
d. Breathing air
• Chemical
• Oil & gas
• Medical
• Food & beverage
• Electronics
• General manufacturing
• Others
2. By End-use
• Chemical
• Oil & gas
• Medical
• General manufacturing
• Food & beverage
• Electronics
• Others
3. By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World
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Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Key Takeaways
• The dairy and meat industry is also demanding hygiene requirements which are providing a new opportunity for market growth.
• Latest technological advancements have led to prominent players allowing custom designs for evaluation and testing. For example, BEKO technologies to address prototyping requirements use 3D printing technology SolidWorks system. These factors have elevated the market.
Objectives of the Study:
• To provide with an exhaustive analysis on the global membrane air dryers market based on the end-use, application, and region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and Rest of the World
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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