Posted 4/5/2024, 5:40:00 AM
Membrane Air Dryer Market to Reach $1.7 Billion by 2032, Driven by Demand for Clean Compressed Air
- Membrane Air Dryers Market size valued at USD 970.8 Million in 2023, expected to reach USD 1,663.8 Million by 2032 at a CAGR of 6.2%
- Increasing demand for clean, dry compressed air driving growth across industries like industrial, telecom, medical, and food & beverage
- Membrane air dryers increasingly adopted in specialized applications like dentistry where contaminated air can damage equipment
- North America dominated market share in 2023 due to regulations and standards controlling food processing industry
- Key players include Atlas Copco, Ingersoll Rand, MIKROPOR MAKINA, Industrial Air Power, PARKER HANNIFIN, and others