Compressed Air Dryer Market Dynamics
Rapidly increasing industrialization in the emerging economies has created various growth opportunities for compressed air dryer systems in the forecast period. Different technological advancements in the compressed air dryer systems along with enhanced efficiency has attracted the consumer attention, which, in turn, is likely to create a demand for compressed air dryer system. The compressed air dryer system has also captured the demand from end-use sectors, including chemical, pharmaceuticals and other industries.
Furthermore, various regulations and standards imposed by National Fire Protection Agency (NFPA 99) for the healthcare industry, as well as FDA (Food and Drug Association), are likely to have a positive impact on compressed air dryer market in the coming years. Additionally, market players are introducing customized, automatic and energy-efficient solutions for compressed air dryer systems.
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Compressed Air Dryer Market- Key Segments
According to the type, compressed air dryer is segmented as:
- Refrigeration Compressed Air Dryer
- Membrane Compressed Air Dryer
- Adsorption Compressed Air Dryer
- Desiccant Compressed Air Dryer
According to the process, compressed air dryer is segmented is:
According to the end user, compressed air dryer is segmented as:
- Food & Beverage
Compressed Air Dryer Market- Key Manufacturers
The key manufactures of compressed air dryer in the market are Ingersoll Rand, Beko Industries, Aircel, LLC, SPX Flow (Deltech), Quincy Compressors, General Air Products, Risheng, Anest Iwata Corporation, Donaldson Company, Gardner Denver Inc., Kaeser CompressorsPvt. Ltd, Parker Hannifin Corporation, Eaton Compressors and Fabrication, Inc. and Atlas Copco AB.
Compressed Air Dryer – Market- Competitive Analysis
Globally, the compressed air dryer industry is a moderately fragmented market because of the presence of a considerable number of market key players. The compressed air dryer market has a more intense competition. The manufacturers are introducing customized and more energy efficient solution in the market to remain in-sync with the demand. Availability of products in the distribution channels creates price variations owing to an increase in the competition among the local players. This would make way for the manufacturers to deliver more cost efficient, newer generation and technologically-advanced compressed air dryer during the forecast period.
Compressed Air Dryer Market- Regional Analysis
The global compressed air dryer market is segmented into eight regions: North America, Europe, MEA, East Asia, South Asia, Oceania, Latin America, and Middle East and Africa. Globally, the East Asian region exhibits the highest growth, followed by North America owing to rapidly expanding chemical and food and beverages industries, particularly in these regions. The East Asian countries, including China and Japan, shows substantial growth. Rising compressed air dryer demand across the medical sector is expected to provide growth opportunities for the regional market.
The rise in the number of food processing industries in North America, Latin America and Europe is anticipated to spur the market growth of compressed air dryer over the forecast period. South Asia is expected to experience considerable growth. Presence of strict regulations pertaining to the quality of compressed air used in manufacturing processes is also anticipated to propel the compressed air dryer demand over the forecast period. Also, an increasing number of manufacturing facilities in MEA are expected to drive the demand for compressed air dryer system.
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