Global Industrial Dryers Market is expected to grow at a robust CAGR
Global
Industrial Dryers Market is expected to grow owing to increase in food demand throughout
the forecast period
According
to TechSci Research report, “Industrial
Dryers Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast 2018-2028”, the Global Industrial Dryers Market is
expected to register robust growth during the forecast period. The expansion of commercial sectors,
including food & beverages and medicines, has experienced significant
growth. This growth can be attributed to increased investments in developing
economies. Furthermore, market expansion is anticipated due to the rising
demand for high-quality manufacturing in the pharmaceutical and chemical
industries. The industry's growth is expected to be stimulated by the demand
for these dryers in the food & beverage and chemical sectors.
There
is an increasing global emphasis on energy efficiency and sustainability.
Manufacturers of industrial dryers have the opportunity to develop and promote
energy-efficient drying solutions. This involves incorporating advanced
insulation materials, implementing heat recovery systems, and integrating
renewable energy sources such as solar and wind power. Companies that can
provide environmentally-friendly and cost-effective drying solutions have the
potential to gain a competitive advantage in the market.
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Industrial Dryers Market"
Based
on product, the
Indirect segment is expected to dominate the market during the forecast period.
The adoption of Industry 4.0 technologies, such as IoT sensors and data
analytics, can enhance dryer efficiency and reliability. The integration of
these technologies can indirectly impact market demand, as companies strive to
upgrade their equipment to maintain competitiveness. Growing awareness of
environmental sustainability has resulted in a shift in customer preferences
towards eco-friendly and energy-efficient drying solutions. Manufacturers that
incorporate sustainable practices into their operations and product offerings
may gain a competitive edge in a market driven by environmentally-conscious
consumers. Disruptions in the supply chain, caused by geopolitical tensions,
natural disasters, or other unforeseen events, can affect the availability and
cost of raw materials and components used in industrial dryers. These
disruptions can influence market pricing and lead times. The competitive
landscape within the industrial dryers market can indirectly influence market
dynamics. Intense competition can create pricing pressures, compelling
manufacturers to innovate and differentiate their products and services to
maintain market share. In conclusion, comprehending the indirect segments of
the Global Industrial Dryers Market is vital for manufacturers, investors, and
stakeholders to make informed decisions. Economic, regulatory, technological,
and environmental factors, among others, all contribute to shaping the dynamics
and opportunities within the market.
Based
on type, the Fluidized segment is projected to dominate the market throughout
the forecast period. Fluidized bed dryers utilize a distinctive drying method
that involves suspending solid particles in an upward-flowing gas stream,
typically air. This technique maximizes the transfer of heat and mass between
the gas and the material being dried, resulting in efficient and uniform
drying. The fluidized bed drying segment has been steadily growing due to its
advantages over traditional drying methods in terms of efficiency and
uniformity. The market for fluidized bed dryers is influenced by factors such
as the increasing demand for high-quality dried products in industries
including pharmaceuticals, food processing, and chemicals. In the
pharmaceutical industry, fluidized bed dryers are employed for drying granules,
powders, and tablets. Precise temperature control and uniform drying are
crucial for drug manufacturing, making fluidized bed dryers indispensable. The
food industry also benefits from fluidized bed dryers for drying products such
as cereal, fruits, vegetables, and instant coffee. The gentle drying process
helps preserve the quality and flavor of food products. One of the notable
advantages of fluidized bed dryers is their energy efficiency. These dryers
enable efficient heat transfer, resulting in reduced energy consumption
compared to other drying methods. This aligns with global sustainability
initiatives and energy conservation efforts. As environmental concerns continue
to grow, industries are increasingly seeking eco-friendly drying solutions,
positioning fluidized bed dryers as a preferred choice.
Key market players in the Global Industrial Dryers Market
are:-
- Andritz Ag
- Bühler AG
- Carrier Vibrating Equipment Inc.
- Comessa S.A.
- Feeco International Inc
- FLSmidth & Co. A/S
- Glatt GmbH
- Metso Corporation
- Mitchell Dryers Ltd.
- ThyssenKrupp AG
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“The
Industrial Dryers Market in Asia Pacific is poised to be the dominant force in
the industry. Numerous countries in the Asia-Pacific region play a significant
role as exporters of textiles, electronics, and chemicals. The manufacturing
processes of these export-oriented industries heavily rely on industrial
dryers. As the global demand for products from Asia-Pacific countries continues
to escalate, manufacturers can leverage this opportunity by offering dependable
and top-notch drying solutions.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Industrial
Dryers Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented
By Product (Direct, Indirect and Specialty), By Type (Rotary, Fluidized Bed and
Spray), By Application (Food, Pharmaceutical, Fertilizer, Chemicals, Cement and
Others), By Region, By Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth
potential of Global Industrial Dryers Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Industrial Dryers Market.
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