Global Refrigerated Air Dryer (RAD) Market 2017-2021
About Refrigerated Air Dryer (RAD)
An RAD is a type of compressed air dryer, used to dry compressed air. It intakes the warm air containing moisture and reduces the temperature of the air, which results in the condensation of moisture, rendering the air dry. Compressed air systems are used to compress air that can be later used for various applications across different industries, such as food and beverage processing, paper and pulp, and healthcare. There are certain applications that require the compressed air to be free from moisture and have a low dew point. To achieve this, expensive and sophisticated methods are required to lower the dew point of compressed air, such as the following:
Technavio Announces the Publication of its Research Report – Global Refrigerated Air Dryer (RAD) Market 2017-2021
Technavio recognizes the following companies as the key players in the global refrigerated air dryer (RAD) market: ANEST IWATA , Atlas Copco, Donaldson Company, Eaton Compressor, Ingersoll-Rand
Other Prominent Vendors in the market are: Gardner Denver, HANGZHOU RISHENG DECONTAMINATION EQUIPMENT, BEKO TECHNOLOGIES, KAESER KOMPRESSOREN, SPX FLOW, Parker Hannifin, Chicago Pneumatic, Bossman Instruments Technology, SMC, MTA, Quincy Compressor, and Schulz.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Integration of IoT with compressed dryer systems. Internet of Things or IoT connects components or systems to the internet and allows them to send and receive data over the network. IoT allows devices to communicate without human-to-human or human-to-computer intervention. These systems enable real-time remote monitoring and actionable analytics. In addition, IoT helps management teams to enhance building and equipment control, thus reducing operating costs. The integration of IoT with heating devices helps residential as well as commercial building owners develop efficient systems for building processes.”
According to the report, one of the major drivers for this market is Increased contract manufacturing in pharmaceutical. Changing climates, consumption patterns, and lifestyles and rising disposable incomes across the world have resulted in increased health related issues. For instance, the number of people suffering from diabetes has witnessed a near fourfold increase in the last three decades. To cope with the rise in health issues, governments across the world are investing heavily in healthcare sectors in order to provide a better-quality life for their citizens. For instance, one-tenth of the global healthcare expenditure is spent on diabetes. While on one side, developing economies are investing in building robust medical infrastructure, such as hospitals and clinics, developed economies are working toward insuring all citizens under various health insurance schemes.
Further, the report states that one of the major factors hindering the growth of this market is Rising electricity prices. There is a continuous surge in electricity generation worldwide due to growing population and urbanization, owing to which utilities are running plants at full capacity to generate more power from the existing infrastructure.
ANEST IWATA , Atlas Copco, Donaldson Company, Eaton Compressor, Ingersoll-Rand, Gardner Denver, HANGZHOU RISHENG DECONTAMINATION EQUIPMENT, BEKO TECHNOLOGIES, KAESER KOMPRESSOREN, SPX FLOW, Parker Hannifin, Chicago Pneumatic, Bossman Instruments Technology, SMC, MTA, Quincy Compressor, and Schulz.
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