The North America Membrane Air Dryers Market would witness market growth of 7.4% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 253.7 thousand Units, showcasing a growth of 7.1% (2019-2022).
Air dryers offer numerous advantages, including the reduction of air dew point and the elimination of contaminants that could have an adverse effect on the air compressor. These membranes increase the system's efficiency and extend its lifespan by decreasing the likelihood of rust and corrosion from contaminated or highly saturated air. The air that passes through the membrane is purified and arid. As a result, it inhibits the development of rust and aids in preventing corrosion, factors that are also expected to drive market demand in the coming years.
Due to the comparatively speedier permeability of oxygen through a membrane air dryer and nitrogen through a food storage bag, the oxygen is substituted with nitrogen. Nitrogen, in contrast to oxygen, maintains its color, consistency, and flavor unaltered during food processing, which enables its application in food preservation to prolong the food's freshness. Other membrane air dryer applications include medical equipment components, pneumatic brakes for vehicles and railroads, air bearings, air guns, and air spindles. Membrane air dryers are powered by electricity and can be operated continuously with minimal operating expenses.
Furthermore, according to the National Institute of Standards and Technology, In 2021, manufacturing contributed $2.3 trillion to U.S. GDP, amounting to 12.0 % of total U.S. GDP. Including direct and indirect (i.e., purchases from other industries) value-added, manufacturing contributed an estimated 24 % of GDP. Moisture in compressed air can lead to pneumatic equipment and machinery corrosion, affecting their performance and lifespan. Membrane air dryers efficiently remove moisture, preventing corrosion and ensuring the durability of equipment used in manufacturing processes. As a result, these aspects will boost the market growth in the coming years.
The US market dominated the North America Membrane Air Dryers Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $372.1 million by 2030. The Canada market is exhibiting a CAGR of 9.8% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 8.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Membrane Air Dryers Market is Predict to reach $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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