Electric Dryer Market Analysis By Growth Rate, Trends By Types, Top Companies And Forecast To 2021–2030

Allied Market Research published a new report, titled, "Electric Dryer Market" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Electric dryers are marked with A to G energy labels, where G is the lowest rating of energy efficiency and A is the highest rating of energy efficiency. Customers who wish to buy consumer appliances are supplied with comfort by the e-commerce company. With the onset of the pandemic, the demand and sales have been marginally reduced due to restrictions in the commercial industry operational activities.

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The manufacturing company is aiming to introduce an electric dryer with technological development that is expected to increase the sales of an electric dryer. By use of numerous functionalities in the control settings of the electric dryer, customers may control the dryer cycle. The makers of electric dryers strive to increase the characteristics such as drying speed, energy efficiency, and noise emission. Some electric dryers include a function that uses steam to reduce wear and tear that may eliminate wrinkles and smells. The user may now examine the efficiency of the dryer with the advent of eco-monitors on the LCD panels.

Consumer rank’s convenience as the topmost priority while making buying decisions. Wireless or battery-operated electric dryers are proving to be the most convenient for consumers. The use of wireless electric dryers has changed since they are wireless and consumers use them from anywhere they wish to do so. The use of lithium-silicone batteries in the wireless electric dryer makes it a premium product because it offers hourly service for improved battery life.

Consumers require energy-efficient electric dryers as the main drivers on the global electrical dryers market. Consumers are seeking energy-efficient dryers to minimize electricity use and to save bills money. Manufacturers aim to implement efficient electricity dryers to meet the increased need for efficient energy-saving devices with characteristics such as drying speed and energy economy as well as noise emissions. In addition, more attention will assist improve heat pump dryers by using less energy in the upcoming years.

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COVID-19 Impact Analysis

○ The advent of the global pandemic, COVID-19, has affected the electric dryer market negatively. An electric dryer is used to dry clothes with its heat wave. During the ongoing pandemic, the electric dryer was not considered a necessary product. Therefore, the demand for an electric dryer has decreased during these times.

○ The production process for new batches of electric dryers had become a challenge for companies due to the limited availability of labor, disrupted supply of raw material, and logistic issue.

The key market players profiled in the report include General Electric Company, LG Electronics, Inc., Samsung Electronics Co, Ltd., Whirlpool Corporation, Robert Bosch GmbH, Maytag Corporation, Insignia Systems, Inc., Haier Group Corporation, Electrolux AB, and Panasonic Corporation.

Key Segments Covered

○ Type
○ Vent Type
○ Application
○ Distribution Channel

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Key Benefits of the Report

○ This study presents the analytical depiction of the electric dryer industry along with the current trends and future estimations to determine the imminent investment pockets.
○ The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the dryer market share.
○ The current market is quantitatively analyzed from 2020 to 2030 to highlight the electric dryer market growth scenario.
○ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
○ The report provides a detailed electric dryer market analysis on the basis of competitive intensity and how the competition will take shape in coming years

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