Industrial Dryers Market Anticipated to Witness Significant Growth Throughout the Forecast Period 2024

Within the assessment period, the APAC industrial dryer market is likely to outperform in the global industrial dryer market

Drying is an integral part of the process industry. Drying is used in the manufacturing of products. There are several industrial dryers available in the global market and they are vividly used in multiple industries. Flash dryer and Vacuum dryer are at a slow growing stage in the product lifecycle owing to limited use in the industry. On the other hand, Rotary dryers which find application in construction materials, minerals, chemical industries etc. have reached a maturity stage whereas Fluidized bed dryer and Spray dryer are at a growing stage of the product lifecycle.

The average replacement rate of industrial dryers per year is expected to be around 7% to 9%. The global industrial dryer market was estimated to be valued at more than US$ 2,500 Mn by 2016 end and is expected to touch nearly US$ 3,415 Mn by the end of 2024, expanding at a CAGR of 3.5% over the forecast period. The global industrial dryer market is projected to represent incremental opportunity of more than US$ 830 Mn between 2016 and 2024.

By 2024, an increment in revenue of North America and APAC together is expected to be nearly 1.2X the decrement in revenue of Europe and Latin America put together

Increased demand for industrial dryers from the food and chemicals industry in North America is expected to propel the demand for industrial dryers in future. The market for industrial dryers in this region was likely to be valued in excess of US$ 700 Mn by the end of 2016 and is expected to increase at a CAGR of 3.9% within the assessment period. This regional market is expected to stay below US$ 1,050 Mn until the end of the forecast period. The APAC industrial dryer market is anticipated give a steady competition to the North America industrial dryer market during the forecast period. The market in APAC is projected to gain 100 BPS by 2024 due to increasing demand of industrial dryers in the food, chemical, and fertilizers industries. APAC is expected to witness significant growth throughout the forecast period.

Bottlenecks

While industrial drying equipment greatly enhances both product value and quality, constraints such as high cost of operation and its severe environmental limitations pertaining to excessive smoke emission may slow down the surging spirit of the market during the forecast period. Moreover, a considerable amount of post processing is involved to minimize the thick discharge of fumes from dryers that entails additional dispensation cost.

Request Sample Report@ https://www.persistencemarketresearch.com/samples/12259

Trends

PMR’s study further sheds light on the technological aspect of industrial dryer systems, major players in the global market for industrial dryer are actively focusing on making higher investments in R&D pipelines. In the recent past, demand for energy efficient dryers has gained traction, as a result of which manufacturers have shifted their concentration towards developing cost-effective and low-energy consuming dryers. Further, growing preference for superheated steam dryers that offer 70-80% energy recovery and have lower operating cost is a key trend governing the global market for industrial dryers.

Market Overview

On the basis of product type, spray dryers is expected to be the predominant segment of the market during the projected period, followed by continuous dryer type. The spray dryer segment is expected to account for 26% share of the market over 2024.

Industrial dryers work on two basic principles, direct or indirect, amongst which dryers working of indirect principles are expected to witness a relatively higher demand during 2016 – 2024. Demand for dryers working on indirect principle is anticipated to remain strong in the near future.

Amongst various end user industries chemical, food, and pharmaceutical collectively is expected to account for the majority share of the market both in value and volume terms. In addition, demand for industrial dryer particularly from the chemical industry in expected to remain high throughout the forecast period.

Increasing production of bulk chemicals in China is expected to change the face of the APAC industrial dryer market

China will lead the APAC industrial dryer market. In terms of volume, the country is anticipated to witness a staggering growth within the forecast period. The demand for industrial dryers will soar in China as these tools will be massively procured by the food processing plants spread across China in the coming few years. China will bolster the growth of the APAC industrial dryer market and APAC is expected to represent an incremental dollar opportunity of more than US$ 300 Mn between 2016 and 2024. The region is expected to account for more than 30% share of the global industrial dryer market. APAC is expected to increase its market value share and go beyond US$ 1,100 Mn by the end of 2024.

The APAC industrial dryer market is anticipated to incline towards high value – high growth during the forecast period. In terms of volume, the industrial dryer market in APAC is estimated to reach 1148 units by the end of 2024, exhibiting a CAGR of 3.1% in terms of volume over the forecast period. Mushrooming chemical manufacturing plants in this region is anticipated to upsurge the demand for industrial dryers during the forecast period. Moreover, increasing adoption of industrial dryers in food processing plants and fertilizer industries in APAC is further expected to drive the growth of the industrial dryer market in this region.

Competitive Dashboard

Spooner Industries Ltd, Metso Corporation, ANDRITZ AG, Carrier Vibrating Equipment, Inc., Separation Group, Ventilex Inc., ThyssenKrupp AG, Buhler AG, GEA Group, and HEINKEL Drying are some of the key participants operating in the Global market for Industrial Dryer.

Request For Methodology @ https://www.persistencemarketresearch.com/methodology/12259

Table Of Contents

1. Executive Summary

2. Market Introduction

2.1. Market definition
2.2. Market taxonomy

3. Global Industrial Dryer Market Analysis Scenario

3.1. Market Volume Analysis
3.1.1. Installed Base By region
3.1.2. Replacement Rate & Lifecycle Analysis
3.2. Pricing Analysis
3.3. Market Size and Forecast
3.4. Market Overview
3.4.1. Value Chain
3.4.2. Profitability Margins

4. Market Dynamics

4.1. Macro-economic Factors
4.2. Drivers
4.3. Restraints
4.4. Opportunity

5. Global Industrial Dryer Market Analysis and Forecast, By Product Type

5.1. Introduction
5.1.1. Basis Point Share (BPS)Analysis, By Product Type
5.1.2. Y-o-Y Growth Projections, By Product Type
5.2. Market Size(US$ Mn) and Volume (Units) Forecast, By Product Type
5.2.1. Fluidized Bed Dryer
5.2.1.1. Batch
5.2.1.2. Continuous
5.2.2. Rotary dryer
5.2.3. Spray Dryer
5.2.4. Flash Dryer
5.2.5. Vacuum Dryer
5.2.6. Others
5.3. Market Attractiveness Analysis By Product Type

6. Global Industrial Dryer Market Analysis and Forecast, By Operating Principle

6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis By Operating Principle
6.1.2. Y-o-Y Growth Projection By Operating Principle
6.2. Market Size(US$ Mn) and Volume (Units) Forecast By Operating Principle
6.2.1. Direct Drying
6.2.2. Indirect Drying
6.3. Market Attractiveness Analysis, By Operating Principle

7. Global Industrial Dryer Market Analysis and Forecast, By End Use Industries

7.1. Introduction
7.1.1. Basis Point Share (BPS)Analysis, By End Use Industries
7.1.2. Y-o-Y Growth Projections, By End Use Industries
7.2. Market Size(US$ Mn) and Volume (Units) Forecast, By End Use Industries
7.2.1. Food
7.2.2. Fertilizer
7.2.3. Chemical
7.2.4. Construction Materials
7.2.5. Paper & Pulp
7.2.6. Pharmaceutical
7.2.7. Others
7.3. Market Attractiveness Analysis, By End Use Industries

8. Global Industrial Dryer Market Analysis and Forecast, By Region

8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis By Region
8.1.2. Y-o-Y Growth Projection By Region
8.2. Market Size(US$ Mn) and Volume (Units) Forecast, By Region
8.2.1. North America
8.2.2. Latin America
8.2.3. Europe
8.2.4. APAC
8.2.5. MEA
8.3. Market Attractiveness, By Region

9. North America Industrial Dryer Market Analysis and Forecast

9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis, By Country
9.1.2. Y-o-Y Growth Projections By Country
9.2. Market Size(US$ Mn) and Volume (Units) Forecast, By Country
9.2.1. U.S.
9.2.2. Canada
9.3. Market Size(US$ Mn) and Volume (Units) Forecast, By Product Type
9.3.1. Fluidized Bed Dryer
9.3.1.1. Batch
9.3.1.2. Continuous
9.3.2. Rotary dryer
9.3.3. Spray Dryer
9.3.4. Flash Dryer
9.3.5. Vacuum Dryer
9.3.6. Others
9.4. Market Size(US$ Mn) and Volume (Units) Forecast, By Operating Principle
9.4.1. Direct Drying
9.4.2. Indirect Drying
9.5. Market Size(US$ Mn) and Volume (Units) Forecast, By End Use Industries
9.5.1. Food
9.5.2. Fertilizer
9.5.3. Chemical
9.5.4. Construction Materials
9.5.5. Paper & Pulp
9.5.6. Pharmaceutical
9.5.7. Others
9.6. Market Attractiveness Analysis
9.6.1. By Country
9.6.2. By Product Type
9.6.3. By Operating Principle
9.6.4. By End-Use Industries

10. Europe Industrial Dryer Market Analysis and Forecast

10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis, By Country
10.1.2. Y-o-Y Growth Projections By Country
10.2. Market Size(US$ Mn) and Volume (Units) Forecast, By Country
10.2.1. Germany
10.2.2. Italy
10.2.3. France
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Poland
10.2.8. Rest of Europe

Get Order Copy Of This Report @https://www.persistencemarketresearch.com/checkout/12259

Contact us :

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: www.persistencemarketresearch.com

About us :

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

This release was published on openPR.