The best way to manage excessive moisture is with drying systems. These machines lower the pressure dew point (PDP) of the air flow. It's important to pay attention to PDP as each industry has acceptable levels according to ISO 8573-1 standards. These are determined by the International Organization for Standardization.
When discussing air compressors, PDP refers to the amount of moisture in your system. There's generally two common ways of reducing PDP levels, refrigerant "fridge" and desiccant / adsorption dryers. For most pneumatic industrial applications, a fridge dryer is sufficient. These machines can reach PDP levels between +2˚C to +10˚C.
However, since fridge dryers use coolant, found in air conditioning units, they're not the best approach for sensitive applications, like food/beverage and medical. Also, these industries tend to require much dryer air with a PDP of at least -40˚C or lower. In these cases, you'll need a desiccant dryer.
These dryers use a hygroscopic material like silica gel to adsorb moisture from air. This process occurs typically through two drums where one is used for drying, and the other is used for desiccant regeneration.
The cooling capabilities of desiccant dryers make them much more expensive than fridge dryers. As mentioned, these are only necessary for certain end products. When choosing the right dryer, it's important to consider your application and PDP guidelines.