The Global Cycling Refrigerated Air Dryers Market size is projected to grow at a CAGR of 6.4% during the forecast period and reach $1,344 million by 2028 from $838 million in 2017. The increase in demand for cooling systems that have a low environmental impact will drive the growth of this market. Moreover, growing awareness about how these products can improve quality of life will also fuel its growth over the forecast period.
Cycling Refrigerated Air Dryers are a type of air dryer that is used for drying various types of gases. In order to remove water from these gas streams, they use the process known as cycling which involves heating and cooling in an alternating routine. They can be used for drying air to remove moisture which helps improve overall efficiency. The dryer reduces water content by evaporating it from a gas stream that flows through its coils called evaporator tubes or drums.
On the basis of Types, the market is segmented into Air Cooled and Water Cooled.
Air-cooled Air Dryers are the less expensive and more common type of dryer. They work by using a fan to spin air over condenser coils, which cools it down until it is sufficiently low in moisture content for absorption into the atmosphere (evaporation). The drying process usually occurs within an enclosed environment called a "chamber." To control humidity, hot water can be used in chambers with well-insulated walls, or outside air can be introduced via venting systems.
Water-cooled air dryers are one of the most popular and well-known ways to cool hot moist air that is being drawn in from an area. This cooling process occurs through a closed system where water circulates around coils that fan outwards or even upwards, transferring their heat away into the atmosphere.
On the basis of Application, the market is segmented into Energy, General Industry, Food & Pharmaceutical, and Others.
The primary uses of cycling refrigerated air drying in energy applications include power generation (heat recovery), petroleum refining, natural gas liquefaction (liquids production), hydrogen production and methanation, syngas conversion into synthetic fuel components such as gasoline or diesel fuels, coal mining and processing for use in generating electricity.
The industrial process is a major application for air dryers. The conditions in which industries operate are usually very wet and humid, which can negatively impact the product quality by causing rusting or corrosion of machine parts.
Ozone treatment features make Cycling Refrigerated Air Dryers suitable for this type of environment because they help to remove hazardous contaminants from the area where ozone levels exceed permitted limits. This makes them ideal for plants that need to meet environmental regulations while still achieving their desired production goals with high efficiency and low cost per unit volume output.
The food industry mainly uses it for drying fruits and vegetables. The process is also useful in chilling out dampness or residual moisture on grains like wheat to prevent spoilage during transportation. Similarly, they are extensively used by pharma companies as well as other industries employing cryogenic processes such as semiconductor manufacturing units, etc., where humidity can adversely affect these products.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American region has a large base for air dryers owing to huge demand from industries such as food & pharmaceuticals (e.g., meat processing) along with the energy sector such as power plants due to high humidity in these regions.
The Latin American countries are also considered a key emerging market since they have been witnessing major investments by international players in the recent past on account of growing industrialization which is leading towards increasing production capacity resulting in an increased need for air dryers.
Growing industrialization and modernization in developing countries such as India, China, Indonesia, and Brazil is one of the factors driving the global cycling refrigerated air dryers market. Increasing demand for energy efficiency coupled with increasing awareness about environmental sustainability is another key growth driver for this market. In addition to these factors, technological innovation has also led to an expansion of this industry globally over recent years.
Up Market Research published a new report titled “Cycling Refrigerated Air Dryers Sales Market research report which is segmented by Types (Air-cooled, Water-cooled), By Applications (Energy, General Industry, Food & Pharmaceutical, Others), By Players/Companies Atlas Copco, Ingersoll Rand, Parker Hannifin, SPX Flow, Sullair, Gardner Denver, Quincy, Kaeser, Zeks, Aircel, MTA, Nano-purification”.
|Report Attributes||Report Details|
|Report Title||Cycling Refrigerated Air Dryers Sales Market Research Report|
|By Type||Air-cooled, Water-cooled|
|By Application||Energy, General Industry, Food & Pharmaceutical, Others|
|By Companies||Atlas Copco, Ingersoll Rand, Parker Hannifin, SPX Flow, Sullair, Gardner Denver, Quincy, Kaeser, Zeks, Aircel, MTA, Nano-purification|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||241|
|Number of Tables & Figures||169|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Air-cooled, Water-cooled and By Application Energy, General Industry, Food & Pharmaceutical, Others.
Some of the companies that are profiled in this report are:
Cycling Refrigerated Air Dryers Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Cycling Refrigerated Air Dryers Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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