Hand Dryer Market is Estimated to Develop at a CAGR of 7.4% during the Forecast Period, notes TMR Report

The latest research study released by Transparency Market Research on "𝐇𝐚𝐧𝐝 𝐃𝐫𝐲𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Hand Dryer industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data.

Hand Dryer market is estimated to attain a valuation of US$ 3.3 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 7.4% during the forecast period, 2023-2031

𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭-https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2994

Surge in demand for environmentally friendly devices that facilitate energy conservation and reduce paper wastage is contributing to the hand dryer market growth. Demand for automatic hand dryers is increasing significantly in offices, shopping malls, airports, schools, and restaurants. Moreover, development of smart infrastructure, particularly in emerging economies, is further fueling market dynamics.

Manufacturers operating in the global hand dryer market are focusing on the development of advanced, energy-efficient, and sustainable hand dryers using advanced technologies. Increase in consumer awareness about health & hygiene is also augmenting the demand for hand dryers.

A hand dryer is an electronic machine used to dry hands, mostly in public bathrooms. The use of hand dryers offers reduced drying time and operating costs. Market participants are increasingly developing energy-efficient hand dryers due to the rise in energy costs. Hand dryers are equipped with fast response sensors and highly sensitive motors for instant response. Different types of hand dryers are available in the market, such as hot air hand dryers. High-speed hand dryers are also gaining considerable popularity in the commercial sector.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐛𝐞𝐟𝐨𝐫𝐞 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞 - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=2994

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐇𝐚𝐧𝐝 𝐃𝐫𝐲𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

According to the hand dryer market report, Asia Pacific is likely to dominate the global market during the forecast period. Rise in industrialization and increase in awareness about the benefits of high-tech devices are key factors fueling the hand dryer market growth in the region.

Demand for hand dryers is rising in countries including China, India, and Thailand. Additionally, growth in demand for smart infrastructure may increase the use of hand dryers in the region.

The hand dryer market size in North America is anticipated to increase in the near future, owing to the rise in health & hygiene awareness among consumers in the region.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐨𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

American Dryer, LLC., Bradley Corporation, Dyson Ltd., Electrostar GmbH, Excel Dryer Inc., Mitsubishi Electric Corporation, Palmer Fixture, SPL Ltd., Taishan Jie Da Electrical Co., Ltd., The Airdri Group, and World Dryer

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 -

This report has explored the key segments: by Type and by Application. The lucrativeness and growth potential have been looked into by the industry experts in this report. This report also provides revenue forecast data by type and by application segments based on value for the period 2023-2031.

𝐇𝐚𝐯𝐞 𝐀𝐧𝐲 𝐐𝐮𝐞𝐫𝐲? 𝐀𝐬𝐤 𝐓𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=2994

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

On March 15, 2023, Dyson Ltd. launched its facilities in Colombia. The company made available its wide range of products, including hand dryers and vacuum cleaners in Colombia. Dyson Ltd. is consistently developing new-generation technologies for hand drying, air purification, etc.

In 2021, The Airdri Group developed a technologically advanced hand drying and hand disinfection system, PureDri. It is a hybrid hand dryer disinfection unit that provides triple protection in toilet hygiene. This has helped the company expand its business to gain a strong foothold in the market.

𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐥𝐞𝐭𝐬 𝐲𝐨𝐮 𝐢𝐝𝐞𝐧𝐭𝐢𝐟𝐲 𝐭𝐡𝐞 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐇𝐚𝐧𝐝 𝐃𝐫𝐲𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐦𝐞𝐚𝐧𝐬 𝐨𝐟 𝐚 𝐫𝐞𝐠𝐢𝐨𝐧:

North America (the United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
South America (Brazil etc.) The Middle East and Africa (North Africa and GCC Countries)

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -

𝐂𝐚𝐬𝐭𝐞𝐫 𝐖𝐡𝐞𝐞𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.prnewswire.com/news-releases/caster-wheels-market-is-likely-to-develop-at-a-cagr-of-5-40-during-the-forecast-period-observes-tmr-report-301594033.html

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐂𝐚𝐦𝐞𝐫𝐚 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.prnewswire.com/news-releases/industrial-camera-market-size-worth--21-5-billion-by-2031--cagr-5-4-tmr-study-301594327.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Nikhil Sawlani

Transparency Market Research Inc.

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