Dublin, Jan. 15, 2024 (GLOBE NEWSWIRE) -- The "Refrigerated Air Dryers - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Refrigerated Air Dryers, currently valued at US$1.6 Billion in 2022, is on a robust growth trajectory and is anticipated to achieve a valuation of US$3.3 Billion by 2030. This marks a Compound Annual Growth Rate (CAGR) of 9.7% over the forecast period spanning from 2022 to 2030. Detailed market analysis reveals that the Cycling segment should realize a staggering 10.6% CAGR to reach an estimated US$1.5 Billion by 2030. Such growth reflects the intensive recovery efforts post-pandemic while underlining the technological advancements and efficiency gains in this sector.
The American market remains a significant contributor to the industry with predictions estimating a value of US$423.4 Million in the year 2022. Simultaneously, the burgeoning Chinese market commands attention with projections of reaching a considerable US$801.6 Million by the year 2030, growing at a CAGR of 15.1%. This alerts stakeholders to the vital importance of the Asia-Pacific region in the global market growth strategy. Moreover, Japan and Canada are also forecasted to witness considerable growth rates of 5% and 8.7% respectively within the eight-year analysis period, while Germany's projected growth stands firm at 6.2% CAGR within the European market ecosystem.
- Global competitiveness and key competitor percentage market shares are comprehensively examined to provide a clear competitive landscape.
- An exploration of market presence across multiple geographies assesses the extent of market activity in various regions, categorized as Strong, Active, Niche, or Trivial.
- The report is designed to dynamically adapt to market changes, fortified with online interactive peer-to-peer collaborative bespoke updates.
- Subscribers are granted access to the digital archives and Research Platform, both rich resources facilitating strategic planning.
- A commitment to complimentary updates for one year ensures that stakeholders stay informed of the latest market developments.
The latest insights into the Refrigerated Air Dryers market encompass a myriad of factors that command the interest of industry leaders, investors, and policymakers aiming to navigate the complexities of a dynamic global market. As such, the report stands as an essential compendium for all stakeholders in the Refrigerated Air Dryers market, charting out a course for resilience and prosperity in an evolving industrial landscape.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 92 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.6 Billion |
| Forecasted Market Value (USD) by 2030 | $3.3 Billion |
| Compound Annual Growth Rate | 9.5% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes
- Anest Iwata Corporation
- Atlas Copco Group
- Beko Technologies
- Donaldson Company
- Eaton Compressors and Fabrication, Inc.
- Gardner Denver Inc.
- Ingersoll Rand Inc.
- Kaeser Compressors, Inc.
- MTA
- Parker Hannifin Corporation
- Risheng
- SPX Corporation (Deltech)
For more information about this report visit https://www.researchandmarkets.com/r/i87df2
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