The global industrial dryers market was valued at USD 4.00 billion in 2015, and is expected to grow at a CAGR of 4.3 percent from 2016 to 2026, to reach USD 6.37 billion.
The goal of this study is to define, segment, and forecast the global industrial dryers market by product, type, application, and region. To provide in-depth analysis of the major variables impacting market growth, such as drivers, constraints, opportunities, and industry-specific obstacles. To conduct a strategic analysis of micromarkets in terms of individual growth trends, future prospects, and contribution to the overall market. To give details of the market's competitive landscape and to examine market potential for stakeholders. To forecast market size in terms of value for five major regions: North America, Asia-Pacific, Europe, the Middle East, and Africa.
To develop a strategic profile of important players and conduct a thorough analysis of their market share and core strengths. To track and analyse competitive changes in the industrial dryers market, such as partnerships, collaborations, and joint ventures; mergers and acquisitions; expansions; new product innovations; and R&D activities.
The research approach utilised to assess and predict the worldwide industrial dryers market began with secondary research from secondary sources such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and numerous other government and commercial websites to collect data on important vendor revenues. To determine market segmentation, the vendor offerings were also taken into account. Following the determination of the overall market size, the complete market was divided into many groups and sub-segments, which were later confirmed through primary research, which included comprehensive interviews with important persons such as CEOs, VPs, directors, and executives. Procedurals for data triangulation and market breakdown.
Upstream stakeholders, such as raw material suppliers, as well as downstream stakeholders, vendors, end users, and government entities, make up the worldwide industrial dryers market. ThyssenKrupp AG (Germany), Andritz AG (Austria), GEA Group (Germany), Metso Corporation (Finland), FLSmidth & Co. A/S (Denmark), Buhler Holding AG (Switzerland), ANIVI Ingeniera SA (Spain), Carrier Vibrating Equipment, Inc. (US), COMESSA (France), and Mitchell Dryers Ltd. (UK) are among the companies operating.
This study provides answers to various questions for stakeholders, notably the market sectors on which they should concentrate their efforts and investments over the next two to five years.
The scope of this analysis is to categorise the global industrial dryers market by product, type, application, and region, predicting revenues and analysing trends in each of the submarkets.
The global industrial dryers market was valued at USD 4.00 billion in 2015, and is expected to grow at a CAGR of 4.3 percent from 2016 to 2026, to reach USD 6.37 billion. The increasing demand for industrial dryers from numerous end-use sectors such as food, pharmaceuticals, chemicals, fertiliser, cement, minerals, and paper & pulp is largely responsible for this increase. Industrial dryers are machines that can handle huge volumes of bulk materials with low moisture levels quickly and efficiently. This aids a variety of sectors in meeting their drying needs.
Because of their easy functionality and efficiency, direct dryers accounted for the greatest share of the industrial dryers market in 2015, with a significant growth in their utilisation across numerous industries.
As of 2015, the food segment had the biggest market share in terms of value among all applications. The food business has a significant demand for industrial dryers. Industrial dryers are widely used in the food industry to dry raw materials before they are processed and transformed into finished goods. Industrial dryers are commonly used in the food sector to dry items including dairy (milk, whey, creamers), coffee, coffee surrogates, tea, flavouring, and powdered drinks.
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