Global Membrane Air Dryers Market is valued USD 539.7 million in 2016 is anticipated to grow USD 875.3 million with the compounded annual growth of 5.52% over the forecast period 2018-2025.
New York 26 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Membrane Air Dryers market industry is poised to raise USD 875.3 million by 2025. Increasing demand for clean and dry air food industries, medical industries, air compressors and other manufacturing firms are the major factors which are driving the growth in the Global Membrane Air Dryers Market. A Membrane Air Dryer uses a dehumidification technology to remove various contaminants from air like water vapors and others. It reduces dew point and humidity at the same time. Membrane Air Dryers does not require electricity to operate thus have lower operating cost. It can be used continuously throughout the day and for many years. Others advantages of Membrane Air Dryers are, it is light-weight, compact, no vibration and no heating effect.
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Global Membrane Air Dryers Market Size study, by Product (Porous, Non-Porous), by Industry (Food & Beverage, Medical, Industrial, Electronics/Semiconductor, Telecommunication, Others) and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Atlas Copco Corp, Compressed Air Parts Company, Donaldson Company, Inc., Gardner Denver, Inc. Graco Inc. Hankison, Industrial Air Power, Ingersoll-Rand, Mikropor, Parker Hannifin Manufacturing Limited, Pentair and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North American region accounted for the significant market share, more than XX% of the total market in 2016.
- The Europe region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Food & Beverage
- North America
- Asia Pacific
- Latin America
- Rest of the World