Press release
Industrial Dryers Market Valued at USD 5.42 Billion in 2022, Projected to Reach USD 7.19 Billion by 2029, at a CAGR of 4.1%
Industrial Dryers Market
The Industrial Dryers Market Report offers an in-depth analysis of the sector, focusing on the efficient processing of large quantities of bulk materials necessitating reduced moisture levels. The report adopts a rigorous research methodology to provide accurate insights, including data collection, analysis, and validation to ensure reliability and relevance.
Get to Know More About This Market Study : https://www.maximizemarketresearch.com/market-report/global-industrial-dryers-market/95314/
Market Value :
Industrial Dryers Market has valued at USD 5.42 Bn in 2022 and is expected to reach $ 7.19 Bn by 2029, at a CAGR of 4.1% during the forecast period.
Industrial Dryers Market Segment Analysis :
Fluidized bed dryers are predicted to be the fastest-growing segment, driven by their versatile applications in pharmaceuticals and food and beverages. Their energy efficiency, homogenous drying, and cost-effectiveness contribute to their expanding market demand. The pharmaceutical segment dominates due to its need for moisture removal through sublimation and evaporation, driven by improving medical and healthcare sectors.
This comprehensive report presents an insightful view of the industrial dryers market, encompassing market values, growth drivers, and regional dynamics. For a deeper understanding of the research methodology and comprehensive insights, interested parties can request a free sample report.
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Market Drivers and Restraints
The rise in disposable income and improved living standards have significantly impacted food habits, driving growth in the food and beverages market. This, in turn, has catalyzed demand for industrial dryers, particularly in the Asia-Pacific (APAC) region, where a burgeoning food industry propels market expansion. Notable contributors to the APAC market include China, India, and Japan. The commercial sectors, including food and beverages and pharmaceuticals, exhibit substantial growth potential, coupled with investments in developing economies' infrastructure. Additionally, the need to maintain high production quality in pharmaceuticals and chemicals amplifies the demand for industrial dryers
To Gain More Insights into the Market Analysis, Browse Summary of the Research Report @ : https://www.maximizemarketresearch.com/request-sample/95314
Regional Insights:
The APAC market anticipates the most rapid growth, attributed to diverse dryer applications across various industries like chemicals, food and beverages, cement, paper and pulp, minerals, and pharmaceuticals. The United States held a significant market share of 27.02% in the global market with an estimated value of $1.2 billion in 2022. China, the world's second-largest economy, is poised to attain a market size of approximately 2029, exhibiting a CAGR of 5.2%. North America maintains a notable market presence due to well-established end-user industries.
Industrial Dryers Market Key Companies :
1. ThyssenKrupp AG, 2. Andritz AG, 3. GEA Group, 4. Metso Corporation, 5. FLSmidth & Co. A/S, 6. Buhler Holding AG, 7. ANIVI Ingeniería SA, 8. Carrier Vibrating Equipment, Inc., 9. COMESSA, 10. Mitchell Dryers Ltd., 11. Metso Corporation, 12. Yamato Sanko Co Ltd, 13. Kerone Engineering Solutions, 14. Ventilex, 15. FEECO International, 16. Gem Allied Industries
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