Lewes, DE -- (SBWIRE) -- 12/21/2017 -- Report forecast the global refrigerated air dryer (RAD) market to grow at a CAGR of 6.90% during the period 2017-2021.

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:
- RADs
- Regenerative desiccant type dryers

The report covers the present scenario and the growth prospects of the global refrigerated air dryer (RAD) market for 2017-2021 . To calculate the market size, the report considers the new installations/shipments/sales and excludes retrofit/replacement/spares/aftermarket/services market.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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.

Global Refrigerated Air Dryer (RAD) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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.

Market driver
- Increased contract manufacturing in pharmaceutical
- For a full, detailed list, view our report

Market challenge
- Rising electricity prices
- For a full, detailed list, view our report

Market trend
- Integration of IoT with compressed dryer systems
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

Spanning over 66 pages "Global Refrigerated Air Dryer (RAD) Market 2017 - 2021" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market segmentation by product, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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