The Europe Membrane Air Dryers Market would witness market growth of 7.8% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 174.2 thousand Units, showcasing a growth of 7.6% (2019-2022).
Integrating the Internet of Things (IoT) and Industry 4.0 technologies has permeated various industrial sectors, and the market is no exception. Smart, connected dryers with sensors and data analytics capabilities enable real-time monitoring and predictive maintenance. This trend enhances operational efficiency, reduces downtime, and contributes to a proactive approach to managing compressed air systems. Recognizing the diverse needs of different industries, membrane air dryer manufacturers are increasingly emphasizing customization. Tailoring solutions to specific applications ensures optimal performance and efficiency.
Ongoing research and development activities in membrane technologies drive continuous innovation in air drying. Advancements in membrane materials, design, and permeability characteristics enhance the overall performance of membrane air dryers. As a result, end-users benefit from improved energy efficiency, faster drying times, and higher reliability. Sustainability has become a key driver across industries, and the market is no exception. Manufacturers are increasingly adopting sustainable practices in producing these dryers, from utilizing eco-friendly materials to optimizing manufacturing processes.
The International Trade Administration projects that the medical device sector in France will generate an anticipated €36.7 billion in revenue by 2022. The industry turnover for medical devices exported from France is estimated at €9.4 billion, 26% of the total industry. The industry is expected to see an annual growth of about 2% for the next several years. The medical sector in France operates under strict regulatory standards and quality requirements. Membrane air dryers assist medical facilities and manufacturers in complying with these standards by delivering compressed air that meets the necessary purity and cleanliness criteria. Therefore, the factors mentioned above will propel the market growth in this region.
The Germany market dominated the Europe Membrane Air Dryers Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $96.5 million by 2030. The UK market is registering a CAGR of 6.8% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 8.6% during (2023 - 2030).
Based on Product, the market is segmented into Non-Porous, and Porous. Based on Application, the market is segmented into Industrial (Electronics/Semiconductor, Pneumatic Equipment, Feed Gas Preparation, and Others), Food & Beverage, Telecommunication, Medical (Dental, Breathing Equipment, and MIT(Minimally Invasive treatment)), and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Membrane Air Dryers Market will Hit $1.5 Billion by 2030, at a CAGR of 8.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Atlas Copco AB, Ingersroll Rand, Inc, Parker Hannifin Corporation, Pentair PLC, Donaldson Company, Inc., Sullair, LLC (Hitachi Group), Mikropor Makina Sanayi ve Ticaret A.Ş., SMC Corporation, Kaeser Kompressoren SE, and Graco, Inc. (Newell Brands Inc.).
By Product (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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