Refrigerated Air Dryers Market by Type (Cycling Dryers, Non-Cycling Dryers), Capacity (100 CFM to 500 CFM, Less than 100 CFM, More than 500 CFM), Design, Application - Global Forecast 2024-2030

Refrigerated Air Dryers Market by Type (Cycling Dryers, Non-Cycling Dryers), Capacity (100 CFM to 500 CFM, Less than 100 CFM, More than 500 CFM), Design, Application - Global Forecast 2024-2030

The Refrigerated Air Dryers Market size was estimated at USD 1.77 billion in 2023 and expected to reach USD 1.88 billion in 2024, at a CAGR 6.46% to reach USD 2.75 billion by 2030.

Refrigerated air dryers are a type of industrial equipment specifically designed to remove water vapor from compressed air. Refrigerated air dryers work on the principle of cooling down the incoming compressed air to a temperature where the moisture within the air condenses and is drained out. Due to their high operational efficiency and energy-saving properties, they serve as fundamental components in end-use industries, aiding in the efficient functioning of pneumatic tools, preventing pipe corrosion, and eliminating condensate. Accelerated industrialization, stringent power consumption policies, and the need to produce efficient and superior-quality products are accelerating the deployment of refrigerated air dryers in the end-use sectors. However, high costs of installation and maintenance, energy consumption concerns, and the need for frequent replacements may impede their adoption by the end-use verticals. Moreover, advancements in refrigerated air dryers to enhance their operational efficiency are expected to encourage their deployment across the end-use industries globally.

Regional Insights

The refrigerated air dryers market is evolving in the Americas owing to the high consumer awareness and adoption of energy-efficient products and substantial investment in research and development. Strict regulations on energy usage and industrial emissions have transformed consumer behavior, favoring energy-efficient appliances such as refrigerated air dryers. In the Middle East and Africa, growth in the refrigerated air dryers market is observed due to infrastructural development and industrial expansion. There's an increased industrial demand for refrigerated air dryers, primarily driven by the burgeoning manufacturing sector in the APAC region. Besides, improvements in design and functionality are anticipated to propel the deployment of refrigerated air dryers across the end-use sectors globally.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Refrigerated Air Dryers Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Growing need to control moisture in expanding industrial and manufacturing sectors
Government standards and regulations concerning air quality
Emphasis on adopting energy-efficient air dryers

Market Restraints

High cost of installation and maintenance

Market Opportunities

Technological advancements in refrigerated air dryers
Availability of customized and flexible air dryers for improved operations

Market Challenges

Technical issues associated with refrigerated air dryers

Market Segmentation Analysis

Type: Significant penetration of cycling refrigerated air dryers
Capacity: Expanding use of more than 500 CFM refrigerated air dryers across large-scale industries
Design: Proliferating deployment of air-cooled dryers in end-use sectors
Application: Burgeoning demand for refrigerated air dryers from automotive & aerospace sector

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Refrigerated Air Dryers Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Refrigerated Air Dryers Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

ELGi Launches AR Premium Series Energy-Saving Cycling Refrigerated Dryers at the 2023 AICD Annual Conference

Elgi showcased its energy-saving Cycling Refrigerated Dryers during the 2023 AICD Annual Conference. These dryers, part of the AR Premium Series, offer high-efficiency performance, enhanced air quality, and reduced energy consumption. They incorporate integrated Eco-Comfort heat exchangers, which outperform conventional heat exchange systems regarding moisture removal.

Clean Resources Partners with Next Air & Gas

Clean Resources has partnered with Next Air & Gas to offer customers refrigerated air dryers. These dryers play a crucial role in reducing energy costs and enhancing the overall efficiency of air systems. The products provided by Clean Resources are specifically developed to be close, easy to install, and fully compliant with environmental protection requirements

Ingersoll Rand acquires SPX Flow’s Air Treatment business

Ingersoll Rand has acquired the Air Treatment Business from SPX Flow, which includes their refrigerated air dryer product line. This acquisition will bring new technology and innovation to Ingersoll Rand's compressed air solutions portfolio. As a result, customers can expect improved performance, reliability, and energy efficiency in their air treatment systems.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Refrigerated Air Dryers Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Refrigerated Air Dryers Market, highlighting leading vendors and their innovative profiles. These include Aircel, LLC, Altec, Inc., Anest Iwata Corporation, Atlas Copco AB, BEKO Technologies GmbH, Castair Inc., Chicago Pneumatic, Denair Energy Saving Technology (Shanghai) PLC., Donaldson Company, Inc., Eaton Compressor, Emax Compressor, Graco Inc., Great Lakes Air Products Inc., Hitachi Industrial Equipment Systems Co., Ltd., Ingersoll Rand, Kaeser Compressors, Inc., Legacy Manufacturing Company, MasterAire, Nano-Purification Solutions, Parker-Hannifin Corporation, Schulz Compressors, SMC Corporation, SPX Corporation, TMC Compressors, and Zhongshan Lingyu Machinery.

Market Segmentation & Coverage

This research report categorizes the Refrigerated Air Dryers Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Cycling Dryers
Non-Cycling Dryers
Capacity
100 CFM to 500 CFM
Less than 100 CFM
More than 500 CFM
Design
Air-Cooled Dryers
Water-Cooled Dryers
Application
Automotive & Aerospace
Chemicals
Food & Beverage
Industrial Manufacturing
Pharmaceutical
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year