The global refrigerated air dryer market size is expected to reach USD 2.63 billion by 2030, registering a CAGR of 6.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. It is primarily accredited to several benefits offered, such as the low operating & maintenance cost as well low initial capital investment. The capability to provide variation, high-energy efficiency, portability, low maintenance cost, and eco-friendly operations are other key factors projected to fuel the industrial demand for refrigerated air dryers over the next seven years.
Furthermore, the escalating need for purified air in applications such as food packaging is projected to expedite the demand for air compression gears, thereby complementing the Refrigerated Air Dryer Market growth. The growing need for refrigerated air drying equipment in pharmaceutical industries for oxidation processes, packaging, cleaning & conveying pills, as well as tablets & capsules is also expected to fuel market demand over the next seven years. Furthermore, several regulations imposed and standards set by the government & concerned authorities, such as The NFPA 99 (National Fire Protection Agency) Standard for Healthcare Facilities, is also expected to propel the adoption of refrigerated air dryers. In addition, Food and Drug Association (FDA) enforced regulations for eradicating polluted air containing indirect additives under 12CFR 11.40, which is anticipated to impact the Refrigerated Air Dryer Market growth favorably over the forecast period.
Refrigerated Air Dryer Market Report Highlights
- The food and beverages industry secured 33.3% of the global market share in 2023. The food and beverage industry heavily relies on compressed air for various processes, including packaging, bottling, and quality control.
- The pharmaceutical industry has emerged as the fastest-growing segment at a CAGR of 7.0% in 2023. The industry’s growing emphasis on quality, energy efficiency, and expanding production drives the adoption of refrigerated air dryers.
- The Asia Pacific market accounted for over 34.4% of the overall share in 2023 and is estimated to exhibit healthy growth over the forecast period due to the growing industrialization in this region, particularly in China and India
- The evolving consumer lifestyle in North America is expected to drive a healthy demand for processed food, thereby driving the product demand. Furthermore, the establishment of new food processing industries in the U.S. may open avenues for product manufacturers.
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Key Refrigerated Air Dryer Company Insights
Some of the key companies including Atlas Copco, Ingersoll Rand, and SPX FLOW employed various strategies to strengthen their market operations and enhance their value chain systems. These companies focused on innovation, strategic partnerships, and sustainability initiatives to provide customized solutions for specific industry needs, further driving market growth.
- ANEST IWATA Corporation is a Japan-based manufacturer known for its cutting-edge technologies in air compressors, coating equipment, vacuum pumps, and liquid application systems.
- Atlas Copco Group is a leading manufacturer of compressors, vacuum solutions, generators, pumps, power tools, and assembly systems.
List Of Key Players Refrigerated Air Dryer Market
- Anest Iwata Corporation
- Atlas Copco Group
- Beko Technologies
- Donaldson Company
- Eaton
- Ingersoll Rand Inc.
- Kaeser Compressors, Inc.
- MTA
- Parker Hannifin Corporation
- SPX Corporation (DEltech)
- Risheng
- CompAir
- Air-Vac Systems LLC.
Gather more insights about the market drivers, restrains and growth of the Refrigerated Air Dryer Market
May 11, 2020 — Global Refrigerated Air Dryer Market is predicted to grow significantly in forecast period owing to the change in consumer lifestyle, rise in food consumption and healthcare requirements.
Refrigerated air dryers are widely found in commercial and industrial facilities.
A refrigerated air dryer removes moisture from the air with the help of a heat exchanger.
Increase in demand for energy equipment has challenged manufacturers to introduce less power consuming refrigerated air dryers.
The growing demand for large-scale industrialization in emerging countries of Asia Pacific is projected to drive the growth of refrigerated air dryer market in the coming years.
Increasing electricity prices along with limited dew point capability refrigerated air dryers may hinder the growth of refrigerated air dryer industry in future.
The report covers an overview of the industry along with a detailed explanation that provides a lot of insight.
The report also analyzes the production as well as management technology in various end-user industries.
The report provides insights into the strategies used by the key players in order to gain a strong base in the Refrigerated Air Dryer Market.The major players covered in Refrigerated Air Dryer Markets: Parker Hannifin Corporation,Donaldson Company,Eaton Compressors and Fabrication, Inc.,SPX Corporation (Deltech),MTA.,Kaeser Compressors, Inc.,Atlas Copco Group,Beko Technologies,Gardner Denver Inc.,Risheng,Ingersoll Rand Inc.The final report will add the analysis of the Impact of Covid-19 in this report Refrigerated Air Dryer industry.Get a Sample Copy @ https://www.reportsandmarkets.com/sample-request/global-refrigerated-air-dryer-market-4326255?utm_source=techsite_medium=60Drivers and RisksThe report pays special attention to factors which contribute to the Refrigerated Air Dryer Market growth also known as market drivers.
Any changes in these market dynamics directly affect the market growth hence the report provides a future insight into important factors that should be monitored and which could be leveraged by companies, vendors, distributors and all stakeholders alike to their advantage.
The report also provides an insight into the challenges faced by the market and the strategies used by existing players to overcome or avoid these risks.Regional overviewAs already mentioned, the report covers different regions such as North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.
It is important to understand where the Refrigerated Air Dryer market has been, currently is and where it is projected to go so that an accurate picture of the future may be painted.
Increase in demand for energy equipment has challenged manufacturers to introduce less power consuming refrigerated air dryers. The growing demand for large-scale industrialization in emerging countries of Asia Pacific is projected to drive the growth of refrigerated air dryer market in the coming years. Increasing electricity prices along with limited dew point capability refrigerated air dryers may hinder the growth of refrigerated air dryer industry in future.
Furthermore, eco-friendly operations and the increase in demand from the food processing and manufacturing industries will boost refrigerated air dryers industry. Also, the chemical application segment is expected to register sizeable market share in the coming years.
Refrigerated Air Dryer Market OverviewAccording to the newly published report by Reports and Data, the Refrigerated Air Dryer Market report presents an extensive overview of the industry scenario and gives insights into the growth opportunities in the industry during the forecast timeline of 2020-2027.
The report assesses comprehensive data to generate a total impact analysis of the pandemic and offers a futuristic outlook to offer a general idea of the current market scenario and economic landscape.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/188The report further offers radical data about the intense competitive landscape along with a comprehensive analysis of the key players and the strategies schemes they employ.
Along with this, the report also covers the technological developments and product advancements of the prominent players.The report covers extensive profiling of the leading competitors, including:SMCParker HannifinSullairDonaldsonIngersoll Rand.Atlas CopcoHitachiSPX FlowGardner DenverCKDMTAKaeser CompressorsZEKSAnest IwataBeko TechnologiesAircelThe report provides a comprehensive analysis of the key geographical regions to impart a deeper understanding of the Refrigerated Air Dryer market.
The regional analysis covers the assessment of the production and consumption rate, import/export, supply and demand ratio, market share, market size, revenue contribution, current and emerging trends, and the existence of the key players of the Refrigerated Air Dryer market in each region.
Furthermore, the report also covers the country-wise analysis of the Refrigerated Air Dryer market.Request discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/188The Refrigerated Air Dryer market is further segmented on the basis of product types offered by the market and the application spectrum.Refrigerated Air Dryer Market Segmentation by Type:CyclingNon-CyclingRefrigerated Air Dryer Market Segmentation by Application:ChemicalPaperPharmaceuticalHealthcareFood & PackagingOthersKey Regions Assessed in the Report Include:North America (U.S., Canada)Europe (U.K., Italy, Germany, France, Rest of EU)Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)Latin America (Chile, Brazil, Argentina, Rest of Latin America)Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)The Refrigerated Air Dryer report is formulated through extensive primary and secondary research and further validated through industry experts and professionals.
The data has been accrued through authentic sources, including interviews, documents, databases, and other sources to offer accurate insights into the industry to offer beneficial data to the readers and companies.To know more about the report, visit @ https://www.reportsanddata.com/report-detail/global-north-america-europe-and-asia-pacific-south-america-middle-east-and-africa-refrigerated-air-dryers-market-2017-forecast-to-2022Key Features of the Refrigerated Air Dryer Market Report:Detailed assessment and exhaustive understanding of the Refrigerated Air Dryer marketSignificant insights into manufacturing processes, major barriers, and risks8-year forecast estimation to offer information about the market size and market share on the global and regional levelsEvaluation of the key drivers, restraints, growth opportunities, threats, limitations, barriers, and other key elementsIdentification of growth prospects and potential for the Refrigerated Air Dryer industryComprehensive analysis of the key market players and their strategiesThank you for reading our report.
