Membrane Air Dryer Market Size, Industry Analysis Report, Regional Outlook (Americas, Europe, APAC and EMEA), Application Development status, Price Trend, Competitive Market Share & Forecast, 2019-2025.
Membrane Air Dryers Market size will surpass USD 800 million by 2025; according to a new research report by Global Market Insights, Inc. Increasing industrial development activities in emerging economies owing to strong legislative decisions taken to attract FDI is one of the prominent factors influencing the global membrane air dryer market growth in positive manner. Growing demand of consumer goods and home appliances due to rising disposable income of the population has given boost to general manufacturing sector in Latin America & Asia Pacific.
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Membrane air dryers market is categorized into chemical, oil & gas, medical, food & beverage, electronics, general manufacturing, etc. Among these, oil & gas sector accounts about a tenth of the global product market. Membrane air dryers require no electricity hence can be easily used in remote offshore oil rigs and in oil well logging equipment.
In Brazil the FDI inflow reached USD 62.7 billion between 2016 and 2017 according to UNCTAD (United Nations Conference on Trade and Development), and accounted for around 40% of the total FDI inflow in Latin America. These trends are expected to follow due to easy availability of skilled labor and favorable regulations in the emerging countries, which will increase investments in end-use industries such as chemical, oil & gas, general manufacturing, food & beverage, etc.
Various advantages of membrane air dryers such as compact design, light weight and no moving parts makes it suitable to be used in precision machining, laboratory, analytical equipment. These are also used to provide dehumidified air in plants as well as for medical purposes. Increasing investment in R&D activities by different end-user industries to optimize their operations will catapult the product demand as these are used in various industrial instruments.
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On the basis of region, North America will witness a CAGR of around 4% over the forecast timeframe. Increasing spending in healthcare sector along with stringent health, safety and environment standards in order to reduce occupational respiratory diseases will boost the product demand in the region. The membrane air dryers are also used in various food packaging machines and equipment to provide nitrogen for food applications. The rising demand for convenience food in the region will also create favorable conditions for the product market over coming years.
The key players in the market are Donaldson Company, Graco Inc., Parker Hannifin Corporation, Kaeser Kompressoren, Omega Air, Gardner Denver, Atlas Copco, Hankison, Ingersoll-Rand, Bellex International, Walmec, etc.