Global industrial dryers market is
forecast to grow at a CAGR of over 5% until 2024, owing to increasing use of industrial
dryers in pharmaceutical, food, fertilizer, chemicals, minerals, paper &
pulp and cement industries. Industrial dryers are used to efficiently process
large quantities of bulk materials that need reduced moisture levels.
In terms of type, global industrial dryers market has
been categorized into rotary dryer, fluidized bed dryers, spray dryers and
other dryers. The other dryers are further categorized into flash dryers,
conveyor dryers, drum dryers and freeze dryers. Among the types of industrial
dryers, fluidized bed dryers category is expected to witness the
fastest growth during the forecast period, due to them being energy efficient
and cost effective. Moreover, growing demand for fluidized bed dryers from
different application industries such as food and pharmaceuticals is anticipated
to aid the segment in coming years.
In
terms of product, industrial dryers market, globally, can be segmented into direct
dryers, indirect dryers and specialty dryers. Of these categories, direct
dryers category accounted for a significant market share in 2018, backed by steep
increase in their usage across several industries, owing to their simple
functionality and efficiency.
Asia-Pacific market
for industrial dryers accounted for the largest market share in 2018 and is anticipated
to maintain its dominance through 2024, owing to the diversified applications
of industrial dryers across various industries, including food & beverages,
chemical, cement, fertilizers, minerals, pharmaceutical and paper & pulp. Moreover,
easy availability of raw material and cheap labor are likely to propel the
market. India and China are the leading contributors to Asia-Pacific industrial
dryers market. The emerging economies of India and
China are focusing on improving their health and medical facilities, which is
driving industrial dryers market.
Presence of several
leading international industrial dryers manufacturers and regional players makes
the global industrial dryers market fragmented. The market is capital-intensive
and there are continuous R&D investments from international players. Some
of the major companies operating in the market for industrial dryers are Thyssenkrupp
AG, Andritz AG, GEA Group, Metso Corporation and Flsmidth & Co. A/S.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
- To analyze and forecast global
industrial dryers market size.
- To forecast global industrial
dryers market based on product, type, end use industry and regional
distribution.
- To identify drivers and
challenges for global industrial dryers market.
- To examine competitive
developments such as expansions, new product launches, mergers &
acquisitions, etc., in global industrial dryers market.
- To conduct the pricing
analysis for global industrial dryers market.
- To identify and analyze the
profile of leading players operating in the global industrial dryers
market.
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Some of the leading players in global industrial dryers
market are Thyssenkrupp
AG, Andritz AG, GEA Group, Metso Corporation, Flsmidth & Co. A/S, Buhler
Holding AG, Anivi IngenierÃa SA, Carrier Vibrating Equipment Inc., Comessa,
Mitchell Dryers Ltd., etc.
TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of industrial dryer manufacturers across the globe.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research was able to include
the manufacturers which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the product offerings,
distribution channels and presence of all major manufacturers across the globe.
TechSci Research calculated global industrial dryers market size using a top down approach, where data for various applications across
various end-user segments was recorded and forecast for the future years was
made. TechSci Research sourced these values from the industry experts and
company representatives and externally validated through analyzing historical
data of these product types and applications for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations and
financial reports were also studied by TechSci Research.
Key Target
Audience:
- Industrial dryers manufacturers
and other stakeholders
- Industrial dryers end user
industries
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to industrial dryers market
- Market research and
consulting firms
The study is useful in providing answers
to several critical questions that are important for industry stakeholders such
as manufacturers, suppliers and end users. The study would also help them in
identifying which market segments should be targeted over the coming years in
order to strategize investments and capitalize on growth of the market.
Report Scope:
In this report, global industrial dryers
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Market, by Product
- Direct Dryers
- Indirect Dryers
- Specialty Dryers
- Market, by Type
- Rotary Dryer
- Fluidized Bed Dryers
- Spray Dryers
- Other Dryers
- Flash Dryers
- Conveyor Dryers
- Drum Dryers
- Freeze Dryers
- Market, By End Use Industry
- Food
- Pharmaceutical
- Chemical
- Fertilizer
- Cement
- Others
- Market, By Region
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Thailand
- Malaysia
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Iran
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in global industrial dryers market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market
players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect
sales channel.
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
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