Yahoo Finance 
Refrigerated Air Dryers Market Poised to Reach $3.3 Billion by 2030, As Cycling Segment Exhibits Dynamic Growth
Global Market for Refrigerated Air Dryers
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
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
