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Refrigerated Air Dryer Market Worth USD 1.59 billion by 2023 — Exclusive Report by Persistence Market Research

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The Refrigerated Air Dryer Market is estimated to reach USD 1.59 billion by 2023 With CAGR of 6.3%. A refrigerator has been used to dry compressed air systems as a less expensive and more practical option. In response to the growing demand for dependable energy equipment, manufacturers have created refrigerator air dryers with lower energy use. The majority of chilled air dryers have a steady pressure dew point, are inexpensive, simple to use, and require little maintenance.

Technology improvement has led to a rise in machine efficiency. Due to the rising need for cutting-edge air driver systems, the market for refrigerated air dryers is growing. Over the years, chilled air dryers have been widely used in a variety of industries as a cost- and energy-effective method of dehumidifying compressed air systems. To avoid severe damage and costly repairs, pressurised air must be removed from the systems.

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The following are a few instances of the major market players in the global refrigerated air dryer industry that have been identified along the value chain: Risheng, Anest Iwata Corporation, Donaldson Company, Beko Technologies, Gardner Denver Inc., Kaeser CompressorsPvt. Ltd, SPX Corporation (Deltech), Parker Hannifin Corporation, Eaton Compressors and Fabrication, Inc., Ingersoll Rand Inc., Atlas Copco

Refrigerated Air Dryer Market: Segmentation

By Product         

  • Cycling
  • Non-Cycling
  • Others

By Application 

  • Chemical
  • Paper
  • Pharmaceutical
  • Healthcare
  • Food & Packaging
  • Others

Due to the rising demand for the machinery in industries including food packing and pharmaceuticals for oxidation processes, cleaning, and transporting pills, tablets, and capsules, the requirement for refrigerated air dryers is expected to rise. Over the course of the forecast period, a number of regulations and standards imposed and established by the National Fire Protection Agency (NFPA 99) for the healthcare industry as well as regulations enforced by the FDA (Food and Drug Association) will favourably impact the refrigerated air dryer market. The development of automated, customised, and energy-efficient refrigerated air-drying systems is another goal of producers.

Refrigerated Air Dryer Market: Drivers

The market for refrigerated air dryers is expected to grow as a result of the rapidly expanding demand for extensive industrialization in countries like China and India. Throughout the course of the predicted year, it is also anticipated that growing sensor technology use will increase the market for refrigerated air dryers.

The growing consumer lifestyle in North America is predicted to raise demand for processed foods, which will then increase demand for other items. The development of fresh food processing industries in the United States may also offer opportunities for manufacturers of refrigerated air dryers.

Refrigerated Air Dryer Market: Trend

The market for refrigerated air dryers will also grow as a result of environmentally friendly operations and rising demand from the industrial and food processing sectors. Over the projected period, the chemical application segment is likely to have a sizable market share.

Compared to other drying methods, cycle drying equipment is more expensive. The thermal bank mode and the unload/load mode are the two energy-saving modes for cycling devices on the market. Cycling products incorporate temperature and humidity sensors, automating the refrigeration cycle. Integrated sensors keep dew points at their ideal levels and improve system effectiveness.

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