Selbyville, DE -- (SBWIRE) -- 12/26/2018 -- Industrial applications covered more than 30% of the overall membrane air dryers market in 2014 and will generate a valuation of more than USD 250 million by 2022, growing at a CAGR of 5.2% over 2015-2022. The growth can be credited to the high demand for pneumatic equipment from the industrial sector, which requires regular air compression and purification.

The food and beverage sector contributed a revenue of USD 120 million to membrane air dryers market share in 2014 and will generate a revenue of more than USD 180 million by 2022, with an annual growth rate of 5.6% over the coming years of 2015 to 2022. The adoption of air dryers to improve air quality and avoid the entry of any kind of microbiological impurities in food will drive membrane air dryers market from the food & beverage sector.

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Membrane Air Dryers Market size is estimated to reach USD 743.1 million by 2022; according to a new research report by Global Market Insights, Inc. These devices offer numerous benefits such as lower dew point and ease of contaminants removal, thus helps in improving compressor systems functionality. Surging demand across the food & beverage industry owing to several standards and practices offers viable growth opportunities.

Compressed air usually contains moisture and lacks quality required by various intended applications. This in turn is likely to drive global membrane air dryers market size over the forecast timeframe. Furthermore, rising adoption of these products in order to improve operational efficiency will positively impact the industry growth. Membrane dryers usually need pre-filtration as they can be easily fouled by oil or other contaminants, hence a coalescing filter is used to provide protection

Porous membrane air dryers market share was over 80% of the overall industry share in 2014 and is expected to grow at 5.4% CAGR from 2015 to 2022. Growth in the sector can be attributed to various benefits offered such as high permeability as well as flexibility, making it ideal for several applications.

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Various norms such as the ISO8573 have been introduced to test the quality and purity factor of air. The market players are therefore, working to enhance the testing methods for unearthing various contaminants. Numerous technological improvements in the product will also influence membrane air dryers industry share noticeably over the coming timeframe. The noteworthy participants in membrane air dryers market are Gardner Denver, Parker Hannifin, Sullair, Atlas Copco, Donaldson Company, Pentair, Hankison, Ingersoll Rand Inc., and Mikropor Filters.

Taking into consideration the high permeability and flexibility benefits of the product, porous product segment of membrane air dryers market, having had a revenue of USD 400 million in 2014 and is slated to record a significant growth rate over the years ahead. This product is extensively used in air compressors to remove oil vapor and droplets.

Regionally, North America membrane air dryers industry collected a revenue of USD 175 million in 2014 and will exhibit an annual growth rate of more than 5% over the coming five years. The growing adoption of compressors across this region coupled with the compliance regarding energy efficiency will augment North America membrane air dryers market size, slated to touch USD 250 million by 2022.

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Major companies operating in the industry are Atlas Copco, Donaldson, Gardner Denver, Pentair, Graco, Parker Hannifin, etc. Other prominent industry participants include IAP, Ingersoll-Rand, Mikropor Filters, Hankison, Puregas, SMC, Sullair and Walmec.