The global refrigerated air dryers market is anticipated to render noticeable development over the next seven years due to their surging applicability in distinct applications such as, improving overall system performance and dehumidifying to the core. Stationary air compression devices are envisioned to transcend the industry, thereby generating a dominant aura in global refrigerated air dryer equipment market.
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Surging compressed air treatment systems applicability is anticipated to be one of the factors to drive the refrigerated air dryers market growth. While high-efficiency drives the refrigerated air dryers industry, the progression is expected to be affected by bulky size, polluted repercussions, noise pollution, rising cost of raw material, and elevated energy requirements. At the maturity stage, producers who segregate their product either by optimal energy requirements or by value are anticipated to benefit. Special emphasis on the implementation of six-sigma strategies and adopting manufacturing practices aimed at enhancing energy-efficient automation are expected to emerge as key factors that differentiate a manufacturer from its competitors.
The refrigerated air dryers market can be segmented on basis of moisture elimination capabilities, refrigeration drying, and adsorption drying. Based on functional techniques, the market can be further segregated into high inlet temperature refrigerated air dryer, cycling refrigerated air dryer, and non-cycling refrigerated air dryer. Refrigerated air dryers are expected to observe a notable demand due to their surging solicitations across pharmaceuticals and food & beverages industry that require oil-free, dehydrated, uncontaminated, and sanitized air.
The refrigerated air dryers demand is expected to surge in the North American markets over the forecast period due to reformed government regulations in waste management and industrial by-products. Asia Pacific and the Middle East are foreseen to undergo a steady growth over the next seven years, which can be attributed to rapidly growing economy and heavy industrialization along with liberalization of government programs pertaining to this market.
The key players involved in the field of refrigerated air dryers trade include Federal Mogul Corp., Ingersoll Rand, Gardner Denver Inc., Versatile International Corporation, Porter Cable Inc., and Caterpillar Inc. Ingersoll Rand Corporation is one of the leading air compression equipment manufacturers in the North American market.
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