Membrane Air Dryers Market to Reach USD 1.60 Billion by
From GlobeNewswire: 2025-02-26 09:30:00
The Membrane Air Dryers Market is projected to reach USD 1.60 Billion by 2032, with a CAGR of 6.9% from 2024-2032. Factors like energy-efficient technology and strict environmental regulations are driving market growth. The industry metrics like wafer production volumes and chip design trends impact demand across various sectors like semiconductors, food & beverage, pharmaceuticals, and automotive.
Leading players in the market include Atlas Copco AB, Ingersoll Rand, and MIKROPOR MAKINA SAN.TIC.A.S. The market report covers key segments like product type (porous, non-porous) and application type (food & beverage, medical, industrial, telecommunication). Rising industrialization and regulatory pressures are key drivers for membrane air dryers in emerging economies and key industries.
The porous segment dominated the market in 2023, accounting for 79% of revenue, with a projected CAGR of 7.01%. The non-porous segment is expected to grow due to the need for high-purity compressed air in industries like food & beverage, pharmaceuticals, electronics, and automotive. Energy efficiency and moisture removal efficiency are key factors driving demand for porous membrane air dryers.
In terms of applications, the industrial segment led the market in 2023, driven by rising industrial automation. The food & beverage sector is expected to grow at the highest CAGR of 8.88%, driven by the need to eliminate moisture from compressed air and steam used in food processing. Efficient air treatment solutions can reduce operational costs and boost productivity in industries.
North America dominated the market in 2023, with a 35% share, driven by demand in telecommunication, medical, and food & beverage applications. The Asia Pacific region is set to grow at a CAGR of 8.96%, driven by the electronics industry and demand for dry and contaminant-free compressed air in semiconductor and PCB manufacturing. Regulatory policies have also played a role in market growth.
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