Global Industrial Dryer Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
“Global Industrial Dryer Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global industrial dryer market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global industrial dryer market report has been segmented on the basis of product type, operating principle, application, and region.
Industrial dryer is an equipment used in various process industries such as food, pharmaceutical, chemical, fertilizer, and others, in order to reduce moisture levels of the bulk materials under processing. It is designed in various type of shapes with different specifications depending on the physical, chemical or biological properties of material.
Increasing adoption of industrial dryer from various industries namely food, chemical, and fertilizer, owing to its effective functioning such as optimal use of power, reduction in wastage of utility resource, high performance, and different parameter controlling, is a key factor expected to drive growth of the global industrial dryer market over the forecast period. In addition, technological advancements and increasing public and private investments in various sectors in developing countries, which in turn increase demand for industrial dryer and anticipated to bolster growth of the target market in the next coming years.
However, stringent rules and regulations pertaining to environment is a major factor restraining growth of the target market during the forecast period. In addition, cement industry reaching the maturity stage, is a factor challenging growth of the global industrial dryer market over the forecast period.
Growth in the food processing and pharmaceutical industries is expected to create lucrative opportunity to drive growth of the global industrial dryer market over the forecast period.
Analysis by Segment:
On the basis of product type, the fluidized bed dryer segment is expected to hold significant share in terms of revenue in the target market during the forecast period. On the basis of operating principle, the direct dryer segment is estimated to account for major revenue share in the target market during the forecast period. On the basis of application, the food segment is anticipated to register highest growth in terms of revenue in the target market during the forecast period.
Analysis by Region:
The Asia Pacific industrial dryer market accounted highest share in terms of value and volume and is expected to dominate the target market over the forecast period. The industrial dryer market in Asia Pacific is projected to witness fastest growth rate in the target market over the forecast period. This dominance can be attributed to rising demand for industrial dryer in various applications such as chemical, fertilizer, and others in developed and developing countries such as China, and India, Japan, in the region. China is expected to contribute major share in terms of revenue in the target market during the forecast period. The industrial dryer market in Europe is expected to register for significant share in terms of revenue in the target market in the next coming years. The North America industrial dryer market is projected to witness moderate revenue growth in the global industrial dryer market over the forecast period, followed by Middle East & Africa and Latin America respectively.
Market Segmentation and Key Players Operating in The Global Industrial Dryer Market:
Segmentation on the Basis of Product Type:
- Fluidized Bed Dryer
- Rotary Dryer
- Spray Dryer
- Others (Flash Dryer, Conveyor Dryer, Drum Dryer, Freeze Dryer, and Vacuum Dryer)
Segmentation on the Basis of Operating Principle:
- Direct Dryer
- Indirect Dryer
- Specialty Dryer
Segmentation on the Basis of Application:
- Others (Minerals and Paper & Pulp)
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- thyssenkrupp AG
- ANDRITZ AG
- GEA Group Aktiengesellschaft
- Metso Corporation
- FlSmidth & Co. A/S
- Buhler Holding AG
- Anivi Ingenieria SA
- Carrier Vibrating Equipment, Inc.
- FEECO International, Inc
- Spooner Industries Ltd.
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