Industrial Dryers Market Expand at the Fastest CAGR of 3.9% by 2024

The global industrial dryer market was estimated to be valued at more than USD 700 million by the end of 2016 and is expected to touch nearly US$ 3,415 Mn by the end of 2024, expanding at a CAGR of 3.9% over the forecast period.

Report statistics

Persistence Market Research provides a complete and detailed overview of the global industrial dryer market in a new publication titled "Industrial Dryers Market: Global Industry Analysis and Forecast, 2016 - 2024". This report covers a variety of geographically dispersed markets to provide important and relevant information on 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 pump 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.

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The report outlines key trends, drivers, and restraints that will impact the ecosystem of the global industrial dryer market. Through detailed calculations, Persistence's market research team has presented the smallest details of the global industrial dryers market from this comprehensive market perspective. This report shows the real mindset of the market and also talks about expansions, mergers and acquisitions that are likely to impact future vendor demographics.

Report description

The report on the global Industrial Dryers market begins with a summary, followed by research methodology and market overview. The summary presents a panoramic view of the global industrial dryer market. Market segmentation is another important part covered in this report, providing a dissected view of the overall market based on geography, product type, and end use.

All drivers, restraints and trends under market dynamics have been noted in this report. In the forecast section, the report discusses the evolution of the market environment that may impact market share by product type, market share by end-use, and market share by region. This section of the report projects the overall market potential based on value and size.

The next section of the report breaks down the overall global industrial dryer market and forecasts the individual growth potential of each region in terms of value and volume. The report introduces some of the key market players and provides a detailed summary of their overall business performance and a comprehensive assessment of their short- and long-term business and marketing strategies. This section aims to provide the reporter with a dashboard view of the competitive landscape of the global Industrial Dryers market.

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Research methodology

The sustainability market study makes extensive use of secondary research to determine the overall global industrial dryer market size and key industry players. Additionally, our team of experienced analysts has conversed with the various manufacturers operating in the global industrial dryer market to gather relevant market insights and data.

This enormous amount of data collected through primary and secondary research is validated through various methodologies such as triangulation methods and further investigated with advanced tools to generate relevant qualitative and quantitative insights on the global industrial dryer market.

Metric key

This global industrial dryer market report assembles key metrics that accurately describe the global industrial dryer market and uses this data to compare market performance across different segments and regions. This report measures the compound annual growth rate (CAGR) of global and regional markets and analyzes the global industrial dryer market using growth metrics such as YoY Growth (YoY) to understand market predictability and spot the right opportunities that are likely to arise. identify. The global industrial dryer market in the coming years.

In addition, different market segments were studied by performing a basis shared points (BPS) analysis to understand the relative contribution of individual segments to the overall market growth. Information at this detailed level is critical to identifying many key trends dominating the global industrial dryer market.

Another noteworthy feature of the report is the sales forecast for the global industrial dryer market in terms of absolute dollar potential. Although this is often overlooked in market forecasting, an absolute dollar opportunity analysis is crucial for assessing the level of opportunities available to market vendors and identifying potential resources in the global industrial dryer market.

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The report further analyzes various market segments with respect to their growth and performance in the global Industrial Dryers market and provides a market attractiveness index to help market players identify current and future market opportunities. The global Industrial Dryers Market report focuses on the consumption of the major Industrial Dryers across the world.

This report considers the Weighted Average Selling Price (ASP) of Industrial Dryers worldwide. A top-down approach was used to evaluate the number of markets for each product category. A bottom-up approach was used to disprove market estimates. Macroeconomic indicators such as GDP and industrial production indices were taken into account when forecasting market figures.

Market segmentation

By Product Type

• Fluidized Bed Dryer
• Batch
• Continuous
• Rotary Dryer
• Spray Dryer
• Flash Dryer
• Vacuum Dryer
• Other

By Operating Principle

• Direct Drying
• Indirect Drying

By End Use Industry

• Food
• Fertilizer
• Chemical
• Construction
• Material
• Paper & Pulp
• Pharmaceutical
• Others

By Region

• North America
• Europe
• Asia Pacific (APAC)
• Latin America
• Middle East & Africa (MEA)

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Expert analysis, actionable insights, and strategic recommendations - the industrial automation team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on IT & Telecommunications of which 100+ reports specific for IT & Telecommunications. The team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the IT & Telecommunications industry.

This release was published on openPR.