Industrial Dryers Market Report

Market Highlights

“The Industrial Dryers Market is likely to rebound at a promising CAGR of 4.5% in the long run to reach US$ 4.6 Billion in 2028”.

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Market Dynamics

Introduction

Industrial dryers are machines or equipment used to remove moisture or water content from various substances, materials, or products. They are essential in manufacturing processes where the presence of moisture can adversely affect the quality, shelf life, and usability of the end products. Industrial dryers work by applying heat, airflow, and mechanical action to facilitate the evaporation of moisture from the materials being processed.

Market Drivers

The global industrial dryers market has witnessed substantial growth and development in recent years, driven by the increasing demand for efficient drying solutions across various industries. Industrial dryers play a crucial role in the manufacturing process by removing moisture or water content from different substances, ensuring enhanced product quality, reduced processing time, and improved energy efficiency.

This market encompasses a wide range of drying equipment designed for diverse applications, including food processing, pharmaceuticals, chemicals, textiles, and manufacturing. Manufacturers in the industrial dryers market are constantly innovating to introduce advanced and eco-friendly drying technologies, catering to the evolving needs of industries worldwide.

One of the key factors fueling the industrial dryers market is the growing emphasis on energy-efficient and sustainable drying solutions. As environmental concerns continue to rise, industries are increasingly adopting dryers that consume less energy and utilize renewable energy sources.

Additionally, stringent regulations regarding environmental conservation have encouraged companies to invest in eco-friendly drying technologies, boosting market growth. Moreover, advancements in automation have led to the development of smart industrial dryers.

During the initial phase of the pandemic, several manufacturing plants were temporarily shut down, leading to a sharp decline in the production of industrial dryers. Uncertainty about the duration and severity of the pandemic also led to a cautious approach among industries, affecting capital expenditure and investments in new drying equipment.

The global industrial dryers market, like many other industries, experienced significant challenges due to the COVID-19 pandemic. The pandemic disrupted supply chains, halted manufacturing activities, and led to a decline in demand across various sectors.

Key Players

The following are the key players in the Industrial Dryers Market:

• Andritz AG
• Anivi Ingeniería SA
• Buhler Holding AG
• Carrier Vibrating Equipment, Inc.
• Comessa
• Flsmidth & Co. A/S
• GEA Group
• Metso Corporation
• Mitchell Dryers Ltd
• Thyssenkrupp AG.

Market Segment Analysis

By Product Type

“Direct dryers are expected to remain the dominant demand contributor and the fastest-growing product type in the market during the forecast period”.

• The Industrial Dryers Market is segmented into direct, indirect, and specialty.
• Due to their efficiency, simplicity, and wide applicability. These dryers work by direct contact of the material with hot gases, allowing for rapid moisture removal.
• Their straightforward design and operational effectiveness make them highly preferred, especially in industries where quick and efficient drying processes are crucial.
• Additionally, advancements in technology have led to the development of highly efficient direct dryers, making them even more attractive to industries looking to optimize their production processes.
• Manufacturers are increasingly opting for energy-efficient direct dryers utilizing renewable energy sources, catering to environmentally conscious industries and aligning with global initiatives to reduce carbon emissions and conserve energy.

By Type

“Rotary is expected to remain the dominant and experience faster growth type in the market during the forecast period”.

• The market is segmented into rotary, fluidized bed, and spray.
• Due to their versatility, efficiency, and wide range of applications. Their ability to handle various materials, including granular, powdery, and viscous substances, makes them highly adaptable for different industries such as agriculture, chemicals, and minerals.
• Rotary dryers offer uniform drying, reduced product degradation, and efficient moisture removal, making them a preferred choice for manufacturers aiming to maintain product quality and consistency.

By Application Type

“Food is anticipated to remain the largest demand generator and experience faster growth type in the market during the forecast period”.

• The market is segmented into Food, Pharmaceuticals, fertilizers, Chemicals, and Cement.
• Food is anticipated to remain the largest demand generator and experience faster growth type in the market during the forecast period since the increasing global population and changing consumer preferences have led to a higher demand for processed and convenience foods.
• Industrial dryers are essential in the food processing sector for drying various food products, such as fruits, vegetables, grains, and snacks, to enhance their shelf life, reduce spoilage, and maintain quality.
• Additionally, advancements in food technology and growing concerns about food safety and quality have encouraged food manufacturers to invest in efficient drying solutions. Industrial dryers play a crucial role in ensuring the hygienic and safe processing of food products and meeting stringent regulatory standards and consumer expectations.
• As a result, the food industry continues to invest in state-of-the-art industrial dryers to optimize production processes and enhance product quality.

Regional Analysis

“Asia-Pacific is expected to remain the largest market for Industrial Dryers Market during the forecast period”.

• The region is witnessing rapid industrialization and urbanization, leading to increased manufacturing activities across various sectors such as food and beverages, pharmaceuticals, chemicals, and textiles.
• These industries are significant consumers of industrial dryers, driving the demand for efficient drying solutions to enhance their production processes.
• Additionally, the rapid industrialization and urbanization in the region have spurred heightened manufacturing activities in key sectors like food and beverages, pharmaceuticals, chemicals, and textiles.
• These industries, which heavily rely on industrial dryers, are fueling the demand for effective drying solutions to optimize their production processes.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Industrial Dryers Market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

The Industrial Dryers Market is segmented into the following categories.

Industrial Dryers Market, by Product Type

• Direct (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Indirect (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Specialty (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Industrial Dryers Market, by Type

• Rotary (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Fluidized Bed (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Spray (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Industrial Dryers Market, by Application Type

• Food (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Pharmaceutical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Fertilizer (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Chemicals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cement (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Industrial Dryers Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players).
• SWOT analysis of key players (up to three players).

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.