Press release
Centrifugal Industrial Dryer Market Expected to Account for US$ 264.8 Million by the end of 2025
Centrifugal Industrial Dryer Market
Centrifugal industrial dryers are machines used for the removal of moisture or water from solid materials through the application of centrifugal force. These dryers find application in various industries such as chemical, pharmaceutical, food and beverage, and others. The market for centrifugal industrial dryers is expected to witness significant growth in the coming years due to the increasing demand for dried products in various end-use industries.
Market Size and Growth:
The global centrifugal industrial dryer market size was valued at USD 1.8 billion in 2020 and is expected to reach USD 2.6 billion by 2027, growing at a CAGR of 5.1% during the forecast period from 2021 to 2027. The growth of the market can be attributed to the increasing demand for dried products in various end-use industries such as food and beverage, pharmaceuticals, and chemicals.
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Market Segmentations:
The centrifugal industrial dryer market can be segmented based on product type, application, and region.
• Based on product type, the market can be segmented into direct, indirect, and special types.
• Based on application, the market can be segmented into chemicals, pharmaceuticals, food and beverages, and others.
Market Drivers and Challenges:
The increasing demand for dried products in various end-use industries is the major driver of the centrifugal industrial dryer market. Additionally, the rising need for efficient and cost-effective drying solutions, coupled with the increasing adoption of automation in various industries, is expected to drive the growth of the market.
However, the high initial investment cost of centrifugal industrial dryers and the availability of alternative drying technologies are expected to hinder the growth of the market to some extent.
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Key Players:
Some of the key players operating in the centrifugal industrial dryer market include
• GEA Group AG
• ThyssenKrupp AG
• ANDRITZ AG
• Buhler AG
• Comessa
• New AVM Systech Pvt Ltd
• Mitchell Dryers Ltd
• Swenson Technology, Inc.
• European SprayDry Technologies LLP
• Shachi Engineering Pvt Ltd
Regional Analysis:
The Asia Pacific region is expected to dominate the centrifugal industrial dryer market during the forecast period, owing to the increasing demand for dried products in the food and beverage, pharmaceutical, and chemical industries in the region. North America and Europe are also expected to witness significant growth during the forecast period, driven by the increasing adoption of automation in various industries.
Market Trends:
The trend of developing energy-efficient centrifugal industrial dryers is gaining traction in the market. Additionally, the increasing use of IoT-enabled dryers, which offer remote monitoring and control, is expected to be a major trend in the market during the forecast period.
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Future Outlook:
The centrifugal industrial dryer market is expected to witness significant growth during the forecast period, driven by the increasing demand for dried products in various end-use industries. The trend of developing energy-efficient and IoT-enabled dryers is expected to continue in the market, leading to improved efficiency and cost-effectiveness. Additionally, the adoption of automation in various industries is expected to create significant growth opportunities for the market in the coming years.
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