21st November 2019 – Global Refrigerated
Air Dryer Market is predicted to grow significantly in forecast period
owing to the change in consumer lifestyle, rise in food consumption and
healthcare requirements. A refrigerated air dryer removes water vapor from
compressed air. Refrigerated air dryers are widely found in commercial and
industrial facilities. The process of air compression focuses on atmospheric
contaminants along with water vapor. A refrigerated air dryer removes moisture
from the air with the help of a heat exchanger. An air-to-refrigerant heat
exchanger cools the air so that the vapor condenses into water. This water is
then collected and drained out of the system, which leaves only dry air.
Refrigerated air dryer has been a cost
effective and energy saving solution to eliminate moisture from compressed air
systems. Increase in demand for energy equipment has challenged manufacturers
to introduce less power consuming refrigerated air dryers. Most refrigerated
air dryers are economic in operation require low maintenance, competitively
priced and offer a stable pressure dew point. The growing demand for large-scale
industrialization in emerging countries of Asia Pacific is projected to drive
the growth of refrigerated air dryer market in the coming years. Rise in use of
sensor technology worldwide is also expected to fuel the market in future. The
changing lifestyle in North America is impelling the demand for processed
foods, which will ultimately boost the demand for refrigerated air dryers.
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Moreover, the entrance of several food
processing business in United States is likely to open opportunities for
refrigerated air dryer manufacturers. Increasing electricity prices along with
limited dew point capability refrigerated air dryers may hinder the growth of
refrigerated air dryer industry in future. The growing industrialization has
stimulated the APAC economies like China and India to hold significant market
share of refrigerated air dryer. Furthermore, eco-friendly operations and the
increase in demand from the food processing and manufacturing industries will
boost refrigerated air dryers industry. Also, the chemical application segment
is expected to register sizeable market share in the coming years.
Drying technology is a combination of
material science and transport phenomena. Since drying mechanisms consist of
transient energy, mass and momentum transfer through a porous or nonporous
medium, with or without chemical reactions, with phase change to describe and
model them is a difficult task. Owing to this difficulty, there is no universal
drying theory, which has created opportunities for research and development in
several areas.
Refrigerated air dryer market is
categorized on the basis of product type, application, end-user, and geography.
Based on product type, the market is divided into filters, dryer, after
coolers, and others. From among others, filters segment is expected to hold
larger market share of refrigerated air dryers. On the basis of application,
the market is divided into plant air/ shop air, instrument air, process air,
and breathing air. Plant air/shop air and process air are projected to be used
widely for operational purposes.
In terms of end-use, refrigerated air
dryer industry is segmented as chemical, paper, food & beverage,
healthcare, automotive, steel, construction, aerospace, electronics and others.
Owing to the growth of food and beverage segment due to growing population, the
segment is expected to register significant market share in the forecast
period. Geographically, refrigerated air dryers market is segmented as North America,
Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific
countries are likely to hold larger market share of refrigerated air dryer
owing to extensive industrial activities in the region.
The key players in refrigerated air
dryer industry are Atlas Copco, Gardner Denver, Donaldson Company, Emerson
Climate Technologies, Mann+Hummel, KaeserKompressoren, Aircel Corporation, Elgi
Compressors, Quincy Compressor, Sullair, Sullivan-Palatek, Van Air, Wilkerson
Corporation, Ingersoll-Rand, Parker Hannifin, and AerzenerMaschinenfabrik.
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