Refrigerated Air Dryers Market Size & Growth Report to 2030

The global refrigerated air dryers market size is anticipated to grow at a significant CAGR of over 6% during the forecast period from 2023 to 2030. The demand for refrigerated air dryers is propelled by expanding industries requiring dry air for efficient operations and compliance with stringent quality standards. Energy efficiency concerns drive adoption, while awareness of moisture’s negative impact fuels their use in preventing corrosion and contamination. Growing manufacturing, reliance on pneumatic tools, and expanding electronics sectors contribute to the market. As urbanization advances, construction and infrastructure projects necessitate compressed air systems. Technological advancements yield more efficient and compact systems, meeting rising automation needs. Global trade, maintenance requirements, and the emphasis on sustainability collectively underpin the continued growth of the refrigerated air dryers market.

Market Snapshot:

Market Drivers:

• Industrial Growth and Expansion: Industries are expanding to meet growing consumer demands. As production increases, so does the requirement for compressed air systems, which, in turn, drives the demand for refrigerated air dryers to ensure the quality and efficiency of the compressed air used in various processes.
• Stringent Quality Standards: Industries like food, pharmaceuticals, and electronics have strict regulations and standards to maintain product quality and safety. Moisture in compressed air can lead to contamination and compromised product integrity. Refrigerated air dryers are essential to meet these standards by providing dry, clean air.
• Energy Efficiency Concerns: With a growing emphasis on sustainability and energy conservation, businesses are seeking energy-efficient solutions. Refrigerated air dryers equipped with advanced technology and efficient components help reduce energy consumption while maintaining effective drying capabilities.
• Regulatory Compliance: Environmental and safety regulations mandate the use of dry air in certain industries. Non-compliance can lead to fines or product recalls. Refrigerated air dryers help businesses adhere to these regulations by preventing moisture-related issues.
• Rising Awareness of Moisture Control: Businesses are becoming more aware of the detrimental effects of moisture in compressed air systems. Corrosion, bacterial growth, and damage to pneumatic components can lead to costly downtime and repairs. This awareness drives the adoption of air dryers as a preventive measure.
• Growing Manufacturing Sector: The manufacturing sector’s growth, particularly in emerging economies, creates a higher demand for compressed air in various processes. Refrigerated air dryers ensure that this compressed air is dry and free from contaminants to maintain production efficiency.
• Pneumatic Tool Usage: Industries reliant on pneumatic tools, such as automotive, construction, and assembly lines, require dry air for optimal tool performance and longevity. Refrigerated air dryers prevent air-powered tools from malfunctioning due to moisture.
• HVAC Systems and Refrigeration: HVAC systems and refrigeration units often require compressed air. The presence of moisture in these systems can lead to reduced efficiency and even system breakdown. Refrigerated air dryers ensure the air used in these systems is dry and free from moisture-related issues.

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Market Insights:

The global refrigerated air dryers market is bifurcated into product type, technology, end-use industry, and geography. On the basis of end-use industry, the market is further segmented into manufacturing, food & beverage, pharmaceuticals, chemicals, automotive, electronics, and others. Historically, the manufacturing and food & beverage industries have often been significant drivers of demand for refrigerated air dryers due to their essential role in maintaining product quality, process efficiency, and equipment longevity in these sectors.

The manufacturing sector has been a dominant segment for refrigerated air dryers due to its wide-ranging applications. Compressed air is used in various manufacturing processes, such as powering pneumatic tools, controlling equipment, and providing clean air for quality-sensitive operations. Refrigerated air dryers prevent moisture-related issues that could lead to equipment corrosion and reduced production efficiency. Industries like metalworking, textiles, machinery, and more rely heavily on compressed air, making manufacturing a substantial market for refrigerated air dryers.

The food and beverage industry is another dominant segment. Maintaining product quality and safety is of utmost importance in this industry. Compressed air is used in various processes, including packaging, bottling, and food handling. Refrigerated air dryers play a critical role in ensuring that the compressed air used in these processes remains free from moisture and contaminants. This prevents spoilage, contamination, and the growth of harmful microorganisms, aligning with industry regulations and consumer expectations.

Manufacturing: Manufacturing processes often rely on compressed air for various operations. Refrigerated air dryers are crucial to prevent moisture-related issues that could lead to equipment corrosion, reduced efficiency, and product defects. Industries such as metalworking, textiles, and machinery manufacturing benefit from dry air to maintain product quality and operational efficiency.

Food & Beverage: In the food and beverage industry, maintaining product quality and safety is paramount. Refrigerated air dryers ensure that compressed air used in processes like packaging, bottling, and food handling remains free from moisture and contaminants. This prevents spoilage, contamination, and the growth of harmful microorganisms.

Pharmaceuticals: The pharmaceutical industry requires sterile and contamination-free environments. Refrigerated air dryers play a critical role in preventing moisture-related issues that could compromise the quality and efficacy of pharmaceutical products during manufacturing, packaging, and storage.

Chemicals: In chemical processing, dry air is essential to prevent moisture from reacting with chemicals, causing unintended reactions, corrosion, or equipment damage. Refrigerated air dryers help maintain the integrity of chemical processes and ensure the quality of end products.

Automotive: The automotive industry relies on compressed air for various applications, including painting, pneumatic tools, and assembly line operations. Dry air is essential to ensure optimal performance and longevity of pneumatic tools, as well as high-quality finishes in painting applications.

Electronics: Electronics manufacturing requires clean and dry environments to prevent damage to sensitive components. Moisture in compressed air can lead to short circuits and reduced product lifespan. Refrigerated air dryers help maintain dry air conditions, supporting the production of reliable electronic devices.

Others: This category encompasses a range of industries where compressed air is essential for operations. Examples include aerospace, textiles, paper, plastics, and more. In each of these industries, refrigerated air dryers contribute to maintaining the quality, efficiency, and reliability of processes.

The refrigerated air dryers market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

• 2020-21 – Historical Year
• 2022 – Base Year
• 2023-2030 – Forecast Period

Market Segmentation:

By Type:

• Non-Cycling
• Cycling

By Technology:

• Direct Expansion
• Heat Exchanger

By End-Use Industry:

• Manufacturing
• Food & Beverage
• Pharmaceuticals
• Chemicals
• Automotive
• Electronics
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

Geographically, North America dominated the global refrigerated air dryers market in 2022 and anticipated to grow at the same trend over the forecast period. The region has dominated the refrigerated air dryers market, given its strong industrial base, technological advancements, and stringent quality standards. The region’s well-established manufacturing sectors, including automotive, electronics, pharmaceuticals, and food processing, all rely heavily on compressed air systems and the use of air dryers to maintain operational efficiency and product quality. Additionally, North America’s emphasis on energy efficiency and environmental sustainability aligns with the capabilities of modern refrigerated air dryers, further contributing to their prominence in the market. As industries continue to grow and evolve, North America’s dominance in the refrigerated air dryers market underscores the importance of maintaining dry and clean compressed air for a wide range of applications.

Competitive Assessment:

Some of the prominent market players operating in the global refrigerated air dryers market are Atlas Copco, Ingersoll Rand, SPX FLOW (Hankison), Parker Hannifin, SMC Corporation, and Donaldson Company. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Recent Development:

• In April 2023, Atlas Copco launched a new line of refrigerated air dryers for the food and beverage industry. The new dryers are designed to meet the stringent quality requirements of the food and beverage industry, and they offer a number of features that improve performance and efficiency.
• In March 2023, Sullair announced the expansion of its refrigerated air dryer manufacturing facility in the United States. The expansion is being driven by the growing demand for refrigerated air dryers in the North American market.
• In February 2023, SMC Corporation launched a new line of energy-efficient refrigerated air dryers. The new dryers use a number of innovative technologies to reduce energy consumption, and they offer a number of other features that improve performance and reliability.

Key Trends:

• Increasing demand for compressed air in various industries: Compressed air is used in a wide range of industries, including manufacturing, food and beverage, healthcare, and aerospace. The increasing demand for compressed air in these industries is driving the demand for refrigerated air dryers.
• Rising adoption of automated production processes: Automated production processes are becoming increasingly popular in a number of industries. These processes require high-quality compressed air, which can only be provided by refrigerated air dryers.
• Growing focus on energy efficiency: Manufacturers are increasingly focusing on energy efficiency in their products. Refrigerated air dryers offer a number of energy-saving features, which is driving their demand.
• Stringent quality standards: The food and beverage, healthcare, and aerospace industries have stringent quality standards for compressed air. Refrigerated air dryers can meet these standards, which is driving their demand in these industries.

Key Companies:

• Atlas Copco
• Ingersoll Rand
• SPX FLOW (Hankison)
• Parker Hannifin
• SMC Corporation
• Donaldson Company
• Kaishan Group
• Mikropor Group
• Beko Technologies
• Kaeser Kompressoren
• Gardner Denver
• Zeks Compressed Air Solutions

Key Questions Answered by Refrigerated Air Dryers Market Report

• Global refrigerated air dryers market forecasts from 2023-2030
• Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
• Refrigerated air dryers submarket forecasts from 2023-2030 covering the market by type, technology, end-use industry, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level refrigerated air dryers markets from 2023-2030
• Competitive Landscape and market positioning of top 10 players operating in the market