Global Refrigerated Air Dryer Market by Product (Non-cycling, Cycling), by Application (Food & Beverages, Paper, Chemical, Pharmaceutical, Healthcare) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

By 2022, the Refrigerated Air Dryer Market will reach USD 1.59 Billion. This is due to the increasing number of manufacturing units in developing nations such as Brazil, India, Taiwan, China, and Taiwan. The integration of advanced sensor-based dryers will allow for high levels of automation in manufacturing and quality control. These systems use sensor technology to eliminate the need for hard wiring. They also provide high levels of precision and a set of intuitive control instructions. This technology is able to replace traditional system switches and relays that were used to automate the drying process.

Asia Pacific Refrigerated Air Dryer Market, 2012-2022 (USD Million).

Industry growth will also be accelerated by the increasing use of pneumatic conveying equipment in the food processing sector. The food industry will see significant growth in pneumatic conveying systems demand with a CAGR of over 5% between 2015 and 2022. The Refrigerated Dryer Market is expected to grow due to an increase in hospitals that use advanced medical tools. There are many sizes available and they have dew points ranging from 35F to 50F. These dryers are essential in manufacturing and require a lot of energy to work efficiently. Rising energy prices are a major concern for manufacturing plants and represent a significant expense.

Application Insights

Due to the healthy demand for this product in various applications (e.g. food & beverage, pharmaceutical, healthcare and paper), it is expected to see substantial demand. Due to its increased use in food processing and packaging, however, the food & beverages segment is expected to be the most popular.

Additionally, the beverage industry is expected to see growth in applications like filling, closing, and processing gable-top boxes. Over the forecast period, there will be a significant demand for dryers in the chemical industry. This is due to the fact that these systems can provide a clean medium to pneumatic conveying chemicals in powdered or granular forms.

Product Insights

Cycling systems require minimum energy and keep a certain dew point. There are two energy-saving modes available for these products: the load/unload and thermal bank modes. These products incorporate temperature and humidity sensors to automate the refrigeration process. This ensures that the temperature and humidity sensors are at a specific dew point, which in turn reduces energy consumption and improves efficiency. Segment revenue exceeded USD450 million in 2014, and it accounted for more than 40% of the overall share.

The price of cycling drying equipment is comparatively higher than its non-cycling counterparts. The total cost of ownership is expected to be lower due to several factors, including low-energy costs and minimal maintenance. This will in turn increase product demand during the forecast period.

Regional Insights

In 2014, North America held more than 30.0% of market share. Asia Pacific was closely behind. Over the forecast period, growth is expected to be fueled by the increase in food & beverages industries in the U.S. These products are used by the food & beverages industry to improve food quality and prevent moisture-related contamination. Europe will experience a 5.0% CAGR between 2015 and 2022. There are opportunities for growth due to a rise in demand from the medical sector. Regional demand will be driven by the implementation of several regulations governing compressed air quality in manufacturing processes.

Market Share Insights & Key Companies

Manufacturers place great emphasis on understanding the latest technological developments in sensor technology and how they can be used in air drying equipment. This allows them to create better solutions for different applications. Mergers and acquisitions are an important part of the industry's business strategy. Components are built to exact specifications and meet all requirements. Ingersoll Rand bought Trane to create the climate control sensors that are used in its refrigerated dryers.

Anest Iwata Corporation is the dominant company in this market.

Market Report Scope Refrigerated Dryer

Up Market Research published a new report titled “Refrigerated Air Dryer Market research report which is segmented by Product (Non-cycling, Cycling), by Application (Food & Beverages, Paper, Chemical, Pharmaceutical, Healthcare), By Players/Companies Eaton Compressor, Atlas Copco, Ingersoll Rand, Parker Hannifin Corporation, Donaldson, Anest Iwata Corporation, Gardner Denver Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

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.

Global Refrigerated Air Dryer Market Report Segments:

The market is segmented by Product (Non-cycling, Cycling), by Application (Food & Beverages, Paper, Chemical, Pharmaceutical, Healthcare).

Refrigerated Air Dryer 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.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Refrigerated Air Dryer Market

Overview of the regional outlook of the Refrigerated Air Dryer Market:

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.

Highlights of The Refrigerated Air Dryer Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Refrigerated Air Dryer Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Non-cycling

                2. Cycling

                1. Food & Beverages

                2. Paper

                3. Chemical

                4. Pharmaceutical

                5. Healthcare

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Refrigerated Air Dryer 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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Reasons to Purchase the Refrigerated Air Dryer Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.