Latest Market Study | Global Membrane Air Dryers Market Size, Analysism Trends, and Forecast 2023-2030 - Published by RationalStat

The global membrane air dryers market is expected to reach US$ 1,627.1 Million by 2030, with an annual growth rate of more than 7.9%.

According to RationalStat's recent industry analysis, the Global Membrane Air Dryers Market value is estimated at US$ 955.6 Million in 2023 and is expected to rise at a strong CAGR of over 7.9% over the forecast period of 2023-2030.

Market Definition, Market Scope, and Report Overview

Membrane air dryers were gaining popularity globally due to several factors related to their efficiency, cost-effectiveness, and environmental considerations. However, it's essential to note that specific market trends may have evolved since then.

With increasing industrialization and infrastructure development globally, there is a growing demand for reliable and efficient compressed air systems. Membrane air dryers address the need for clean and dry compressed air in various industrial processes.

According to a deep-dive market assessment by RationalStat, the global membrane air dryers market has been analyzed on the basis of market segments, including product, application, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the global Membrane Air Dryers market covers market sizes on the basis of market value (US$/EUR Million), volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook and its implications on the global Membrane Air Dryers market. It also includes the industry's current state - Production levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Membrane Air Dryers Market: Segmental and Market Share Analysis

• On the basis of product, porous segment accounted for the largest revenue share of around 75% in 2022 and is estimated to register the fastest CAGR of 8% over the forecast period.

• Based on application, industrial segment accounted for the largest revenue of around 34% in 2022. The growing industrial automation trend is playing a significant role in driving the demand for membrane air dryers.

Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 955.6 Million
Market Size Forecast US$ 1627.1 Million
Growth Rate 7.9%
Dominant Segment Porous
Dominant Region North America

Key Market Drivers
• Global industrialization and infrastructure development
• Environmentally friendly

Companies Profiled
• Atlas Copco AB
• Ingersoll Rand
• MIKROPOR MAKINA SAN. TIC A.S.
• Pentair
• Graco Inc.
• Hankison
• Sullair LLC
• Rainer Lammertz
• Industrial Air Power
• Gardner Denver
• Donaldson Company Inc
• Compressed Air Parts Company
• Parker Hannifin Corp

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Competition Analysis and Market Structure

Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players.

• In May 2023: Air Products and Chemicals, Inc. announced a US$ 10 million investment to increase membrane production capacity at its St. Louis facility. This effort was launched in response to increased demand for nitrogen and dehydration goods from clients in the biogas and hydrogen recovery industries, as well as the aerospace sector.

Some of the prominent players and suppliers operating and contributing significantly to the global membrane air dryers market growth include Atlas Copco AB, Ingersoll Rand, MIKROPOR MAKINA SAN. TIC A.S., Pentair, Graco Inc., Hankison, Sullair LLC, Rainer Lammertz, Industrial Air Power, Gardner Denver, Donaldson Company Inc, Compressed Air Parts Company, and Parker Hannifin Corp., among others.

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RationalStat has segmented the global membrane air dryers market based on product, application, and region
• Global Membrane Air Dryers Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Product
o Porous
o Non-Porous
• Global Membrane Air Dryers Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Application
o Food & Beverages
o Medical
o Industrial
o Telecommunication
• Global Membrane Air Dryers Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Region
o North America Membrane Air Dryers Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 US
 Canada
o Latin America Membrane Air Dryers Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Membrane Air Dryers Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Membrane Air Dryers Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Membrane Air Dryers Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Membrane Air Dryers Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Membrane Air Dryers Report:
• What will be the market value of the global Membrane Air Dryers market by 2030?
• What is the market size of the global Membrane Air Dryers market?
• What are the market drivers of the global Membrane Air Dryers market?
• What are the key trends in the global Membrane Air Dryers market?
• Which is the leading region in the global Membrane Air Dryers market?
• What are the major companies operating in the global Membrane Air Dryers market?
• What are the market shares by key segments in the global Membrane Air Dryers market?

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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