The Global Industrial Dryers Market is Projected to Exceed US$5.7 Billion by 2024

Revival of the Industrial Sector Drives the Global Market for Industrial Dryers, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Industrial Dryers market. The global Industrial Dryers market is projected to exceed US$5.7 billion by 2024, driven by the revival of the industrial sector, as well as legislation of new and stringent environmental mandates from regulators across the world.

Industrial drying is a process, which involves drying various materials by means of chemical, physical, and biochemical methods and techniques. A deceptively simple looking technology, industrial drying is a multifaceted and complicated procedure, which often affects the quality and characteristics of the final product. Against the backdrop of rising competition and quality standards in industrial sectors, the need for efficient industrial drying equipment can never be underestimated. Drying has therefore emerged into one of the most important component of industrial manufacturing processes, especially in case of food and beverage, as well as pharmaceutical drugs production.

Industrial Dryers are experiencing stable growth owing to increasing adoption of these systems in process industries for conversion of raw materials into final products. Industrial dryers are extensively used in a broad range of industries, from food and pharmaceuticals to cement, chemicals and fertilizers. Supported by their numerous benefits over conventional solutions for various applications, industrial dryers are estimated to register an average replacement rate of around 7-9%. Market growth is also fueled by increasing adoption of automated drying systems that enable enhanced process safety, optimized power usage and low wastage of utility resources through effective controlling and monitoring of different parameters. In addition to delivering ease-of-operation, enhanced flexibility and superior performance, automated drying systems enable remote monitoring by utilizing software solutions and advanced tools.

The food and cement industries represent the strongest pillars of the Industrial Dryers market. Food industry accounts for the largest value share of the market owing to large-scale adoption and usage of industrial dryers in the food industry to dry key raw materials prior to their processing. Food processors use industrial dryers such as fluidized bed and spray dryers for drying dairy products, tea, coffee/coffee surrogates, fruits, spices, vegetables, flavors, processed cereal-based foods, powdered drinks, starch derivatives, potatoes and sugar beet pulp. Cement industry represents the second largest application for industrial dryers, accounting for more than 20% share of the market, on account of strong growth posted by the construction sector.

Rising industrial pollution has forced governments worldwide to impose regulations to reduce emissions from industrial activity. Some of the largest emissions arise from production of cement and metal industries. In addition, governments have also been mandating energy efficient industrial processes. Industrial dryers account for a significant share of energy consumption, and are being subject to strict energy efficiency norms. These mandates have driven manufacturers to provide efficient systems without compromising on the core properties of equipment. With mandates for energy efficiency increasing by the day, manufacturers stand to gain from demand replacement and/or upgrades to existing dryers in industrial units, especially in the developed markets.

As stated by the new market research report on Industrial Dryers, Asia-Pacific represents the largest market worldwide, followed by Europe. The region also ranks as the fastest growing with a CAGR of 7.3% over the analysis period. The sheer size and growth of the industrial sector in the Asia-Pacific region, especially China as well as the focus on manufacturing growth in India provide ample opportunities for the Industrial Dryers market. Revival of the economic fortunes of Latin American, Middle Eastern, and African countries is leading to revival of industrial sector, and portends opportunities for the Industrial Dryers market in these regions. On the other hand, the North American market is expected to post a consistent growth owing to rising demand for these devices from the chemicals and food industries; while the pharmaceutical industry is expected to provide ample growth opportunities in Europe.

Major players in the market include ANDRITZ AG, ANIVI Ingenieria S.A., Bühler AG, Carrier® Vibrating Equipment, Inc., Carrier Europe SCA, Comessa S.A., Comspain XXI S.A., FAVA S.p.A, GEA Process Engineering A/S, Glatt GmbH, Metso Corporation, Mitchell Dryers Ltd., SWISS COMBI - W. Kunz dryTec AG, Tetra Laval International SA, ThyssenKrupp AG, ThyssenKrupp KH Mineral, Tummers Simon Dryers, and Voith GmbH among others.

The research report titled "Industrial Dryers: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, innovations and launches, and strategic industry activities of major companies worldwide. The report provides market estimates and projections in US$ for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of World. Product segments analyzed in the report include Direct Dryers, Indirect Dryers, and Specialty Dryers.

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