tygerdawg:
In a refrigerated air dryer:
1) You are accepting a much higher dew point than that achievable by an adsorption dryer; i.e., your product air will have considerably more moisture. An adsorption dryer can easily produce air with only ppm(v) of moisture.
2) You will inherit maintenance costs and spare parts inventories that outstrip those of an adsorption dryer (which doesn't require any mechanical moving parts).
3) The amount of energy expended to remove a unit of water moisture is far greater than the energy required for an adsorption unit; the removal efficiency is relatively poor.
4) The foot print (or space required) is greater than that for the adsorption dryer.
5) An electric motor is a prerequisite for the refrigeration compressor, while the adsorption dryer needs no motor; at most, the adsorption unit would need an electric heater for regeneration - in the event waste steam is not available.
6) The adsorption unit inherently puts out a superior, purer air product because the adsorption bed filters out and removes any compressor oils or vapors that your air compressor might emit.
In an industrial environment, where one is concentrating on producing energy-efficient product at the lowest competitive price and at the highest quality, I consider the refrigerated dryer to be far inferior in performance than the adsorption dryer. I would consider a refrigerated dryer only at the insistance of the owner-operator and where the applicationis a commercial one - as opposed to an industrial one.
I hope this addresses your questions directly.
Art Montemayor
Spring, TX