Global Membrane Air Dryers Market Size To Worth USD 2028.8 Million By 2033 | CAGR of 7.83%
Category: Semiconductors & ElectronicsGlobal Membrane Air Dryers Market SizeTo Worth USD 2028.8 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Membrane Air Dryers Market Size is Expected to Grow from USD 954.8 Million in 2023 to USD 2028.8 Million by 2033, at a CAGR of 7.83% during the forecast period 2023-2033.
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Browse key industry insights spread across 230 pages with 104 Market data tables and figures & charts from the report on the "Global Membrane Air Dryers Market Size, Share, and COVID-19 Impact Analysis, By Product (Porous, and Non-Porous), By Application (Food & Beverage, Medical, Industrial, Telecommunication, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/membrane-air-dryers-market
Water vapour and other impurities are eliminated from compressed air using membrane air dryers. Membrane air dryers lower the air's dew point and relative humidity. The mechanical membrane worked in air dryers is composed of a collection of small, hollow fibers, usually composed of polysulfone. Compressed air is used for tooling, automation, and packaging in a variety of industries, including electronics, food and beverage, manufacturing, and pharmaceuticals. To maintain the quality of their products and the efficiency of their machinery, they require clean, dry air. By eliminating moisture from the air, membrane air dryers help avoid rust and other issues that could harm machinery or products. The increasing usage of membrane air dryers in several industries, especially those engaged in the dairy and meat processing sectors, is expected to drive market demand for membrane air dryers. The market for membrane air dryers is expected to grow as a result of the growing use of these air dryers in several industries, such as automotive, communications, industrial, and medical. However, increased use to boost a system's operational effectiveness and lower maintenance costs is also anticipated to restrict the membrane air dryers market.
The porous segment is predicted to hold the largest market share through the forecast period.
Based on the product, the membrane air dryers market is classified into porous, and non-porous. Among these, the porous segment is predicted to hold the largest market share through the forecast period. The porous membrane air dryers are appealing choices for those businesses that are trying to save on operating expenses and their environmental impact due to their porosity.
The industrial segment is anticipated to hold the largest market share during the projected timeframe.
Based on the application, the membrane air dryers market is divided into food & beverage, medical, industrial, telecommunication, and others. Among these, the industrial segment is anticipated to hold the largest market share during the projected timeframe. Membrane air dryers ensure seamless operations and save downtime by providing reliable performance and assisting in preserving the integrity of automated processes.
North America is estimated to hold the largest share of the membrane air dryers market over the forecast period.
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North America is estimated to hold the largest share of the membrane air dryers market over the forecast period. Commercial vehicle sales in nations like the USA and Canada have significantly increased as a result of the rapidly growing e-commerce sector and growing logistics and transportation activities. Growing sales of automobiles are anticipated to increase demand in the North American market as membrane air dryers are increasingly being integrated into air bearings and pneumatic braking systems used in lightweight and heavyweight commercial vehicles.
Asia Pacific is predicted to grow at the highest CAGR growth in the membrane air dryers market over the forecast period. The demand for petroleum derivatives is rising significantly throughout Asia Pacific as a result of the ongoing increase in automobile sales. To boost their production of petroleum products, administrations in a number of the region's nations are placing a strong focus on expanding oil and natural gas exploration activities.
Major key players in the membrane air dryers market include Ingersoll Rand, MIKROPOR MAKINA SAN.TIC. A.S., Rainer Lammertz, Industrial Air Power, PARKER HANNIFIN CORP, Hankison, Compressed Air Parts Company, Graco Inc., Donaldson Company, Inc., Gardner Denver, Pentair, Sullair, LLC, Atlas Copco AB, and Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In August 2022, GMM Pfaudler announced that Hydro Air Research Italia had been acquired. To address stringent environmental requirements, Hydro Air Research Italia has created water-recycling systems that use dischargeable or reusable water. Through the acquisition, Hydro Air Research Italia gains access to GMM Pfaudler's worldwide sales and service operations. At the same time, GMM Pfaudler would gain more proficiency in wastewater and process engineering, which improve its membrane separation system portfolio.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the membrane air dryers market based on the below-mentioned segments:
Global Membrane Air Dryers Market, By Product
- Porous
- Non-Porous
Global Membrane Air Dryers Market, By Application
- Food & Beverage
- Medical
- Industrial
- Telecommunication
- Others
Global Membrane Air Dryers Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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