Membrane air dryer market is predicted to chalk out an escalating growth path over the years ahead, subject to the widespread product usage across the telecommunications, food & beverage, medical, and industrial sectors. The ability of these dryers to reduce dew points, increase operational proficiency, and easily remove impurities is predicted to enhance the effectiveness of compressor systems, thereby further adding to the business expansion of Membrane air dryer market. These dryers also help in minimizing the production loss of compressed systems subject to their ability to improve system safety, offer minimal loss of air, and air-supply reliability.
According to Global Market Insights, Inc., “Membrane air dryer industry is estimated to hit a revenue of USD 743.1 million by 2022, growing at a rate of 5.3% over 2015-2022.”
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Industrial applications, which contributed for over 30% of Membrane air dryer market share in 2014, will grow at a rate of 5.2% during the period of 2015 to 2022. The growing use of these dryers in pneumatic equipment is forecast to create lucrative opportunities for this segment. Membrane air dryer industry size in food & beverages sector, which was evaluated at USD 120 million in 2014, is projected to surpass USD 180 million by 2022. It is likely to grow at a rate of 5.6% over the coming five years.
Medical applications are expected to record a CAGR of 5.3% over the period of 2015-2022, and are likely to touch the revenue margin of USD 125 million by 2022. Escalating product demand in dentistry is predicted to boost the revenue. Membrane air dryer industry in telecommunication sector is foreseen to witness a surge over the coming timeframe, owing to the product ability to prevent rusting and improve network connectivity.
Taking into consideration regional trends, Asia Pacific Membrane air dryer industry is likely to hit a revenue of USD 225 million by 2022, stimulated by the high product acceptance across compressed air treatment systems and the food & beverage sector. China Membrane air dryer market is slated to record substantial gains of 6.3% over 2015-2022. India market, worth USD 16 million in 2014, is set to reach USD 25 million by 2022.
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North America Membrane air dryer market revenue, evaluated at USD 175 million in 2014, is projected to surpass USD 250 million by 2022, growing at a CAGR of 5% over 2015-2022. Major industry players of the region are preferring compressed air to save energy, thereby driving the demand for the product. Europe Membrane air dryer industry is expected to grow at an annual rate of 4.5% over the coming five years. It is slated to hit a targeted revenue margin of USD 160 million by 2022.
Non-porous and porous are the major Membrane air dryer products. Non-porous Membrane air dryer industry is projected to cross a revenue of USD 135 million by 2022, driven by its property to efficiently permeate moisture. Porous Membrane air dryer market, worth USD 400 million in 2014, is forecast to hit USD 600 million by 2022, subject to its various beneficial features such as high-permeability and flexibility.
Key industry participants include Atlas Copco, Ingersoll-Rand Plc, Sullair, Walmec S.p.A., Donaldson Company, Parker Hannifin Corporation, Gardner Denver, Pentair Plc, and Graco.
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