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Membrane Air Dryer Market 2019 By Top Players Parker Hannifin Corporation, Donaldson Company, Graco Inc., Ingersoll-Rand, Gardner Denver, Kaeser Kompressoren, Omega Air, Atlas Copco, Hankison, Bellex International, Walmec
Membrane Air Dryer Market
Membrane air dryers require no electricity hence can be easily used in remote offshore oil rigs and in oil well logging equipment.
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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.
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.
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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.
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.
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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.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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