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Industrial Dryers Market by Product, Type, Application, and Region - Global Forecast to 2026

Industrial Dryers Market: Global Forecast until 2026

  • November 2016
  • 150 pages
  • ID: 4458251
In this report:
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"The overall industrial dryers market is estimated to rise at a compound annual growth rate of 4.30 percent from 2016 to 2026"

The overall industrial dryers market was estimated at ~$4.0B in 2015 and is projected to extend ~$6.4B by 2026, at a compound annual growth rate (CAGR) of 4.30 percent from 2016 to 2026.

The main driving factors for industrial dryers market is their wide applicability in different markets, including food, pharmaceuticals, chemicals, fertilizers, cement, among others for processing their materials before they can be converted into the final product. Apart from this, another important driving factor is the big market opportunity specified by the emerging economies. For example, the important population in emerging economies including China, India (IN), and Brazil (BR) has an ever growing demand for food, pharmaceutical products, and cement. All these sectors need industrial dryers to meet these demands. The factors inhibiting the increase of the industrial dryers market are unstable market and economic conditions. Apart from this, stringent environmental regulations also act as a challenge for the sector.

"The food segment is the biggest application segment in the overall industrial dryers market"

Among all applications, food maintains the biggest market share, in terms of value importance, as of 2015. There is a strong demand for industrial dryers from the food market. The food sector uses industrial dryers on a big scale to dry raw materials before they can be processed and converted into final products. The food market typically uses industrial dryers for drying products including dairy (milk, whey, creamers), coffee, coffee surrogates, tea, flavors, powdered drinks, processed cereal-based foods, potatoes, starch derivatives, sugar beet pulp, fruits, vegetables, and spices. The food sector uses dryers including spray dryers and fluidized bed dryers to meet its requirements.

"The Asia-Pac region anticipated to lead the rise of the overall industrial dryers market"

The Asia Pacific (APAC) area recorded for the biggest share of the overall industrial dryers market in 2015. It is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period. It has been observed that there is an rising increase rate in industrialization in countries including China (CN) and India (IN) in this area. This has contributed to the increasing demand for industrial dryers from end-use industries including food, pharmaceutical, chemicals, fertilizer, cement, minerals, and paper & pulp, among others.

Profile break-up of primary participants for the analysis:

- By Company category: Tier 1 - 55 %, Tier 2 - 20.0 percent, Tier 3 - 25.0 percent

- By Description: Grade of manager - 75.0 percent, C-suite - 25.0 percent

- By area: Europe - 30.0 percent, Asia-Pacific - 25.0 percent, North america (NA) - 20.0 percent, Middle East & Africa - 15.0 percent, Latin America - 10.0 percent

Moreover, as a part of qualitative analysis, the market research offers a comprehensive analysis of major market drivers, business restraints, alternatives, and opportunities. It also considers competitive landscape approved by various market players, including ThyssenKrupp AG, Andritz AG, GEA Group, Metso Corporation, FLSmidth & Co. A/S, Buhler Holding AG, ANIVI Ingeniería SA, Carrier Vibrating Equipment, Incorporated, COMESSA, and Mitchell Dryers Ltd..

Segment Research

The industry report defines, segments, and projects the overall industrial dryers market based on product, category, application, and area. It offers exhaustive information concerning the main factors influencing the increase of the market, including drivers, industry restraints, possibilities, and market-specific challenges. It also strategically profiles top actors and globally analyze their share of market and core competencies and tracks and analyzes competitive developments including partnerships, strategic agreements, and joint ventures (JV); mergers & acquisitions; business developments; new industry product developments; and analysis & growth activities in the industrial dryers market.

Why acquiring this study can help you:

The analysis will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global industrial dryers market and its sub-segments. This industry report will facilitate partners to better find out the competitor overview and obtain additional insights to better option their businesses and make suitable go-to-market approaches. The market research also benefits the partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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