The rising need for air dryers is due to improved production processes, energy savings, noise reduction, or overall system reliability is driving the global air dryers market
The global Air Dryer market is expected to develop US$ 15.6 billion by 2030, at a compound annual increase in price (CAGR) of 6.26% throughout the forecast period.
COVID-19 Impact and Market Status
Covid19 has influenced market dynamics, competition, and the global supply chain. Revenues declined in 2020 and may gradually increase again after 2021. Companies that optimize their businesses and strategies maintain and defeat competition.
The report looks at how air dryers are being introduced in existing emerging markets. It provides a thorough analysis of the worldwide air dryer market and its sub-segments, and in insights into the industry's structure. The factors that are driving or restraining the global air dryers market are included in the report. It utilises the forecast year from 2022 and 2029 to determine the magnitude of the worldwide air dryer market, with 2021 as that of the base year. The worldwide air dryer market is broken down into major regions and nations.
It includes strategic profiles of prominent worldwide corporations as well as a thorough examination of the industry's competitiveness and competitive environment. This report includes a comprehensive analysis of the global industry, as well as full profiles of key market competitors, lucrative product ranges, and current activities. This research looks at trends & dynamics in drivers, restraints, and other areas.
Selected market influence elements that influence present and future industry trends or changes in market rules are also included in the nation section of the research. Some of the important variables utilised to anticipate domestic market scenarios include consumption, location, production, import/export analysis, pricing analysis, raw material prices, and downstream and upstream value chain analysis. It also examines worldwide brand availability, harsh or low rivalry with local domestic brands, as well as the effect of national trade and trade pathways on national data estimates.
The report's scope includes global and regional markets, as well as a complete analysis of the market's overall growth prospects. It also emphasises the global market's diverse competitive climate. This research also includes an overview of the most recent successful marketing methods, market contributions, including top companies from both the present and the past. The frozen air dryer market is broken down into three categories: type, finished industry, and application. Understanding the various growth factors which are projected to dominate the whole market and developing distinct strategies that distinguish between important applications & target markets is determined by comparing growth between various sections.
Desiccant Dryer Segment Accounted For Highest Market Share
The global air dryer market is classified into desiccant dryer, refrigerated dryer, and membrane dryer on the basis of type. Among these, the desiccant dryer segment accounted for highest market share due to significant demand from end-user industries, rapid development and pharmaceutical industries.
Processed Air Segment Experienced More Demand For Air Dryer
The global air dryer market is classified into processed air, breathing air, plant air or shop air, instrument air on the basis of application. Among these, the processed air segment experienced more demand for air dryer. The segment is estimated to grow at a fastest growth rate in the forecast years.
Food And Beverage Segment Manufacturing Plants Experienced More Demand
The global air dryer market is classified into electronics, food beverages, oil& gas, pharmaceuticals, construction industry on the basis of End-User. Among these, the food and beverage segment manufacturing plants experienced more demand for air dryer.
APAC Hold The Dominant Market Share
In APAC, the China and India contributed significantly to the growth of global air dryer market. Rapid urbanisation and industrialization are propelling the rise of manufacturing industries, which is likely to drive demand for air compressors filters & air compressor dryers in the Asia Pacific countries. Improved system efficiency & reduced downtime, increased demand for the f&b industry, and increasing use to safeguard equipment from hazardous & corrosive environments are all contributing to the market's growth. However, constraints such as high maintenance costs, a scarcity of qualified specialists, the risk of system explosion, and a lack of awareness regarding the proper use and application for compressed air filters & dryers may limit the market's growth.
The global air dryers market is predicted to develop due to rapid industrialization in developing countries. Moreover, inertial sensors integration is expected to fuel the market throughout the forecast period.
For frequent and quick operations, end-use sectors such as food and beverage, general manufacturing, or healthcare demand dry and clean air. Impurities in the delivery system might cause harm or clogging. One of the primary concerns of these finished industries is superior air quality. As a result, rising industrial demand of compressed air is expected to push the worldwide air dryers market over the forecast period.
The global air dryer market is expected to reach close to CAGR of 3.6 percent through the forecasted span and upto 3.2 Bn by 2029. Furthermore, the incorporation of emerging technologies including such advanced camera dryers is predicted to greatly automate manufacturing and quality-control operations.
An air dryer is just a machine that draws moisture from the surrounding air and reduces it greatly. Air dryers are used in a wide range of industrial & commercial applications across a wide range of industries. These systems use sensor technology to remove hard wiring and achieve a high degree of quality with a simple set of control commands. To automate the whole drying process, the technology will replace traditional system switches and relays. Many industries have utilised chilled air dryers to remove the moisture off compressed air systems as a cost-effective and energy-efficient alternative over the years. It is critical to remove compressed air as from systems to avoid significant damage and costly repairs.
Increasing electricity costs while utilising air dryers is projected to slow the market's growth over the forecast period. Furthermore, rising capital spending on machinery is a source of concern. As a corollary, customers prefer to rent machinery, which saves them money on both capital and maintenance. These factors may limit the global air dryer market growth throughout the projected period. At the same time, rapid urbanization and industrialization is boosting the global air dryer market.
Some of the companies that are profiled in the global air dryer market are Atlascopco, Fusheng, Quincy, SMC, Pneumatech, Aircel, Parker, Van Air, Gardner Denver Inc., BEKO, CompAir, Star Compare, Fscurtis, and Zeks among others.
Due to the existence of several vendors, the worldwide air dryers competition is highly fragmented. Manufacturers with superior technologies and more financial resources are more likely to create novel items, posing a challenge to market competitors. The manufacturers are stay abreast of the advanced technologies that increase their competitiveness among the competitors.
Innovations: Air Dryer Market
- Targeting end-users such as pharma, semiconductor, as well as beverage and food companies, Atlas Corpo has released high end air dryers in Novembet 2021 under the brand, Cerades Desiccant Dryer.
- In March 2021, a three-in-one air dyer was launched by the Donaldson Company. The dryer is promoted as a smart air dryer which is designed to condensate and also drry compressed air streams to simplify production across facilities. The three-way air dryer is known for prification, drying, and filtration. TMC delivered a compressor system for Air Dryer to FPSO in March 2021.
- In October 2020, Mark Compressors India launched an innovative variety of piston air compressors calling it the iron wind series and Bluewind series.
Air Dryer Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 3.2 Bn.|
|Growth Rate||CAGR of 3.6% during 2021-2028|
|Segment Covered||Type, End-User, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||Atlascopco, Fusheng, Quincy, SMC, Pneumatech, Aircel, Parker, Van Air, Gardner Denver Inc., BEKO, CompAir, Star Compare & among others.|
Key Segments of the Global Air Dryer Market
Type Overview, 2019-2029 (USD Billion)
- Desiccant Dryer
- Refrigerated dryer
- Membrane dryer
End-User Overview, 2019-2029 (USD Billion)
- Food Beverages
- Oil& Gas
- Construction industry
Application Overview, 2019-2029 (USD Billion)
- Processed Air
- Breathing Air
- Plant Air Or Shop Air
- Instrument Air
Regional Overview, 2019 -2029 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa