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 understand key trends
Download Free Sample
The increasing awareness of the environmental impacts and the growing focus on reducing emissions and minimizing pollutants will drive the market growth. The rising prioritization of environmentally responsible practices by governments and organizations worldwide has led to the higher demand for air drying solutions to promote compliance, energy efficiency, and reduced emissions. Additionally, the growing inclination towards renewable energy along with the massive investments for the development of solar and wind energy sources will define the industry growth. For instance, over $270 billion in capital investment was announced for utility-scale renewable energy projects and manufacturing facilities as of July 2023 in the U.S.
|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|
|Pitfalls & Challenges:|
To understand market opportunities
Download Free Sample
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.
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.
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.
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.
Some of the leading companies operating in the membrane air dryers market include
Click here to Buy Section of this Report
Market, By Application
Market, By End-use
The above information has been provided for the following regional and country: