It is dependent on how much water you need to remove from the gas.
If you only need to remove liquid droplets (free liquid) then just us a separator with demister pad (wiremesh type).
If you wish to dehydrate the gas to a specific dewpoint then a number of options are open to you. There is...
The efficiency of cryo air plants is to maximise the use of all available "cold" energy. You would not be able to simply remove the cryogenic liqud without upsetting the separation process. You would need to look at the overall process energy envelope and not separate it from the cryogenic...
Generally, nitrogen specs are delivery pressure, oxygen content and water content.
For very large requirements of nitrogen, the most economical method is to use cryogenic air separation, where the air components (nitrogen and oxygen) are split in a distillation column. This is also used for...
I have previously used 883MJ as the stored energy limit equivalent to nearly 200kg of TNT or 651,250,000 ft-lbs give or take. Unfortuanately, I do not know the reference and my a surprising stroke of coincidence I was at least 1000miles away when testing occurred.