Refrigerated Compressed Air Dryers Market Size, Share, Growth, And Industry Analysis, By Type (Cycling Refrigerated Air Dryers & Non-cycling Refrigerated Air Dryers), By Application (Chemical, Paper, Food & Beverages, Pharmaceutical, Healthcare, & Others) Regional Insights and Forecast to 2031

Updated On: 29 April 2024

Refrigerated Compressed Air Dryers Market Report Overview

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The global Refrigerated Compressed Air Dryers market size was valued at USD 1050.0 million in 2021. As per our research, the market is expected to reach USD 2185.74 million by 2031, exhibiting a CAGR expansion of 7.61% during the forecast period. 

Refrigerated compressed air dryers are devices used to remove moisture from compressed air systems. Compressed air often contains moisture, and if not properly treated, this moisture can lead to issues such as corrosion, damage to pneumatic tools, and impaired performance in various processes. Refrigerated dryers are one of the common types of compressed air dryers used for this purpose

The market for refrigerated compressed air dryers is influenced by various factors, including industrial growth, manufacturing activities, infrastructure development, and regulations related to air quality and energy efficiency. 

COVID-19 Impact: Market Faced a Fall in Demand Due to Reduced Industrial Activities During the Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the Refrigerated Compressed Air Dryers market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Many industries experienced a slowdown or temporary halt in operations during the early phases of the pandemic. This reduced industrial activity could have led to a decline in the demand for compressed air systems, including refrigerated dryers, as manufacturing and production activities were scaled back.

Latest Trends

"Integration of Smart and Connected Technologies to Bring Efficiency in the Market"

The Refrigerated Compressed Air Dryers market is as dynamic as any other market. The integration of smart and connected technologies is becoming more prevalent in industrial equipment, including compressed air dryers. Smart features, such as remote monitoring, predictive maintenance, and data analytics, can enhance the performance and reliability of compressed air systems.

Refrigerated Compressed Air Dryers Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into cycling refrigerated air dryers and non-cycling refrigerated air dryers.

In terms of services, cycling refrigerated air dryers are the largest segment. Cycling refrigerated air dryers are a type of compressed air dryer that operates on a cycling mode, also known as thermal mass or thermal storage technology. Unlike non-cycling dryers that continuously run, cycling dryers alternate between periods of drying and regeneration to efficiently remove moisture from compressed air

• By Application Analysis

Based on application, the market can be divided into chemical, paper, food & beverages, pharmaceutical, healthcare, others.

In terms of services, the beverages is the largest segment. Cycling refrigerated air dryers find important applications in the food and beverage industry, where maintaining high air quality is crucial for product quality, safety, and compliance with industry standards.

Driving Factors

"Energy Efficiency Requirements to Increase Demand in the Market"

Energy efficiency is a significant driving factor in the market for cycling refrigerated air dryers. Industries are increasingly focused on reducing energy consumption to lower operational costs and meet sustainability goals. Cycling dryers, with their ability to adjust their operation based on the actual moisture load, offer energy-efficient solutions compared to non-cycling counterparts. The key feature of cycling refrigerated air dryers is their ability to cycle between periods of operation and standby. During the drying cycle, the refrigeration system cools the compressed air, causing moisture to condense and be removed. In the regeneration or standby cycle, the refrigeration system is temporarily turned off, allowing a thermal storage medium to warm up.

"Wide Industrial Applications to Influence the Demand in the Market"

Cycling refrigerated air dryers are versatile and find applications across various industries, including manufacturing, food and beverages, pharmaceuticals, automotive, and more. The wide range of applications contributes to the sustained demand for cycling dryers. Industries with varying levels of compressed air demand benefit significantly from the cycling operation of refrigerated dryers. These dryers can efficiently adjust their operation based on the fluctuating demand, providing energy savings and optimal moisture removal during both high and low demand periods. In this way this factor resulted in Refrigerated Compressed Air Dryers market growth.

Restraining Factor

"High Cost leads to a Declining Trend in the Market "

Cycling refrigerated air dryers can have a higher upfront cost compared to non-cycling alternatives. The initial investment may be a significant factor for some businesses, especially smaller enterprises or those with budget constraints.

Refrigerated Compressed Air Dryers Market Regional Insights

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"North America to Dominate the Market owing to Strong Manufacturing Industry"

North America has the largest Refrigerated Compressed Air Dryers market share as it has a well-developed industrial infrastructure, with a wide range of manufacturing sectors and industries. The presence of diverse industrial applications creates a substantial demand for compressed air solutions, including air dryers. The region is known for its emphasis on technological innovation and research and development. Manufacturers in North America may be at the forefront of developing and implementing advanced technologies in the field of compressed air treatment, attracting customers looking for cutting-edge solutions. North America has strict regulatory standards related to air quality, safety, and environmental protection. Industries in the region must comply with these standards, driving the demand for high-performance air treatment solutions like cycling refrigerated air dryers. There is a strong awareness of energy efficiency and sustainability in North America. Cycling refrigerated air dryers, with their ability to optimize energy consumption based on demand, align with the region's emphasis on green technologies and energy-efficient solutions

Key Industry Players

"Key Players Focus on Research & Development and Innovation for Market Expansion"

Key players in the Cycling Refrigerated Air Dryers market typically engage in various activities to maintain their market position, meet customer demands, and drive innovation. Key players invest significantly in research and development to innovate and improve the efficiency, performance, and features of cycling refrigerated air dryers. This may involve developing new technologies, materials, and control systems to stay ahead in the market. Innovation in product design and features is crucial for staying competitive. Key players may introduce new models of cycling refrigerated air dryers with advanced controls, improved energy efficiency, and enhanced capabilities to meet evolving customer needs. Companies aim to expand their market presence by targeting new geographic regions or industries. This could involve establishing partnerships, distribution agreements, or opening new sales and service centers to better serve customers in different markets.

List of Market Players Profile

• MTA (U.S.)
• Donaldson (U.S.)
• ZEKS (India)
• CKD (Japan)
• Sullair (Indiana)

INDUSTRIAL DEVELOPMENT

January 2023: Managed Filtration Services refer to comprehensive and outsourced solutions for the management, maintenance, and optimization of filtration systems within industrial processes. 

Report Coverage

The report brings together extensive research on the qualitative and quantitative factors affecting the market. It gives an overall macro and micro view of the online reputation service industry. This research profiles a report with extensive studies on the online reputation management services market that describe the firms affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others.

Furthermore, the post-COVID-19 pandemic’s effect on international market restrictions and a deep understanding of how the industry will recover and strategies are also stated in the report. Finally, the competitive landscape has also been examined in detail to provide clarification of the competitive landscape.