Industrial Dryers Market Overview:

The purpose of this research is to provide a detailed analysis of the Industrial Dryers market by segment and geography. The report goes into great detail about the primary factors influencing the Industrial Dryers market's growth. The research also includes a comprehensive assessment of the market's value chain.

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Global Industrial Dryers Market has valued at $ 5.22 Bn in 2021 and is expected to reach $ 6.64 Bn by 2027, at a CAGR of 4.1% during the forecast period.

Market Scope:

To get the final quantitative and qualitative data, all possible components influencing the markets covered by this research study were studied, thoroughly researched, validated by primary research, and evaluated. Market size is predicted for top-level markets and sub-segments, and the influence of inflation, economic downturns, regulatory and policy changes, and other variables is taken into account when estimating market size. This data is collated and presented in this study, together with comprehensive contributions and analysis from companies.

To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.

Drivers:

The changing eating habits of people as a result of rising disposable income and living standards have fueled the expansion of the food and beverage industry, which is further anticipated to expand business opportunities for the region's dryer manufacturers. Leading producers of industrial dryers in APAC are China, India, and Japan. The market is primarily being driven by expanding commercial applications like those in the food, beverage, and pharmaceutical industries as well as rising investments in infrastructure development in developing nations. Additionally, the growing need to maintain high production quality in the chemical and pharmaceutical industries is anticipated to fuel market growth.

Segmentation:

The market segment that is expected to grow at the fastest rate during the forecast period is fluidized bed dryers. The increasing use of fluidized bed dryers in various application industries, including the pharmaceutical and food and beverage industries, is responsible for the increase in demand for these dryers. The market for flexible bed dryers is expanding primarily due to their energy-efficient, uniform drying, and economical nature.

Due to the expanding demand for moisture removal from solid or liquid substances by sublimation and evaporation process, the pharmaceuticals segment held the largest market share. Dryers are used in the pharmaceutical industry to evaporate or sublimate liquids or moisture from bulk solids, powders, or other liquids.

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Key Players:

Market leaders are identified through primary and secondary research, and market revenue is calculated by primary and secondary research. Primary research included in-depth interviews with important thought leaders and industry professionals such as experienced front-line personnel, CEOs, and marketing managers, while secondary research included an analysis of the top manufacturers' quarterly and financial performance. Secondary data is used to establish worldwide market percentage splits, market shares, growth rates, and breakdowns, which are then cross-checked against primary data.

The major players covered in the Industrial Dryers market report are

• ThyssenKrupp AG
• Andritz AG
• GEA Group
• Metso Corporation
• FLSmidth & Co. A/S
• Buhler Holding AG
• ANIVI Ingeniería SA
• Carrier Vibrating Equipment, Inc.
• COMESSA
• Mitchell Dryers Ltd.
• Metso Corporation
• Yamato Sanko Co Ltd
• Kerone Engineering Solutions

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Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

COVID-19 Impact Analysis on Industrial Dryers Market:

The COVID-19 pandemic has impacted industries such as aerospace and military, agriculture, autos, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among others. COVID-19 has had an influence on the Industrial Dryers market as a whole, as well as the growth rate in 2019-2020, as the impact of COVID-19 has spread. Our most recent questions, views, and market information are vital to the Industrial Dryers industry's firms and associations.

Key Questions Answered in the Industrial Dryers Market Report are:

  • Which segment grabbed the largest share in the Industrial Dryers market?
  • What was the competitive scenario of the Industrial Dryers market in 2021?
  • Which are the key factors responsible for the Industrial Dryers market growth?
  • Which region held the maximum share in the Industrial Dryers market in 2021?

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