New York, NY -- (SBWIRE) -- 01/22/2021 -- Refrigerated Air Dryer Market

Refrigerated Air Dryers are designed for eliminating moisture from different compressed air systems. Generating air between 35°F and 40°F pressure dew points and employing a cooling process, these dryers aid in the moisture prevention. Refrigerated air dryers' working principle is based on air de-humidification by quickly condensing and cooling it, followed by draining off the moisture in a secured environment. Due to energy-saving nature and low maintenance, these dryers are immensely cost-effective.

The outstanding properties like low consumption of energy and the features of maintaining dew point have led to the reduced maintenance costs during the process, propelling growth of the industry. Refrigerated air dryer has been widely used in the industries like paper, chemical, food & packaging, healthcare, and pharmaceutical. Among these, the food and packaging would be the highest consumer, owing to the rising use of refrigerator air dryers in packaging plants and processing food. In the industry of food processing, refrigerated air dryers have been utilized in several applications including filling, processing, and gas-top cartons' closing. Such wide range of applications is further contributing to the industry's growth. However, rising prices of electricity may cause hindrance in the market growth.

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The report further studies the significant trends and demands of the market in each key region of the market and analyzes the strategic steps and initiatives taken by the leading companies of the industry. Some of the major companies operating in the Refrigerated Air Dryer market and profiled in the report are:

Anest Iwata Corporation
Parker Hannifin Corporation
Atlas Copco Group
BEKO Technologies GmbH
Donaldson Company, Inc.
Kaeser Compressors Private Limited
Eaton Compressor
SPX Corporation (Deltech)
Gardner Denver, Inc.
Ingersoll Rand, Inc.

The report covers the assessment of the historical data of the market to offer key insights into the current and emerging trends in the business sphere. The report considers 2017-2018 as historical years, 2019 as the base year, and 2021-2027 as forecast years. The report also discusses in detail the mergers and acquisitions, collaborations, joint ventures, product launches, brand promotions, corporate and government deals, and partnerships occurring in the market.

The report further segments the market on the basis of product types and application spectrum offered by the market.

Based on product types, the market is segmented into :

Cycling
Non-cycling

Based on applications, the market is segmented into :

Chemical
Paper
Pharmaceutical
Healthcare
Food & Packaging
Others

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Regional Outlook

Asia Pacific is seeing substantial growth over the estimated duration, due to the increasing number of several manufacturing units in different nations. Moreover, rising number of hospitals, and increasing usage of pneumatic conveying systems, especially in food processing are also propelling the regional growth. North America is dominating the market because of the rapid establishment of numerous food and beverage companies.

TOC -
Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2018-2027

Chapter 3. Indicative Metrics

Chapter 4. Market Segmentation & Impact Analysis

Continued……….

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The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter's Five Forces analysis to offer a better understanding of the Refrigerated Air Dryer market and its competitive landscape.

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