Press release
Industrial Dryers Market to Reach a Valuation of US$ 3,415 Million by the end of 2024
Industrial Dryer, Industrial Dryer market, Industrial Dryers market, Industrial Dryers, Dryers, Dryer
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 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. The average replacement rate of industrial dryers per year is expected to be around 7% to 9%. The global industrial dryer market was estimated to be valued at more than US$ 2,500 Mn by 2016 end and is expected to touch nearly US$ 3,415 Mn by the end of 2024, expanding at a CAGR of 3.5% over the forecast period. The global industrial dryer market is projected to represent incremental opportunity of more than US$ 830 Mn between 2016 and 2024.
Request to view Table of Content @ http://www.persistencemarketresearch.com/market-research/industrial-dryers-market/toc
By 2024, an increment in revenue of North America and APAC together is expected to be nearly 1.2X the decrement in revenue of Europe and Latin America put together
Increased demand for industrial dryers from the food and chemicals industry in North America is expected to propel the demand for industrial dryers in future. The market for industrial dryers in this region was likely to be valued in excess of US$ 700 Mn by the end of 2016 and is expected to increase at a CAGR of 3.9% within the assessment period. This regional market is expected to stay below US$ 1,050 Mn until the end of the forecast period. The APAC industrial dryer market is anticipated give a steady competition to the North America industrial dryer market during the forecast period. The market in APAC is projected to gain 100 BPS by 2024 due to increasing demand of industrial dryers in the food, chemical, and fertilizers industries. APAC is expected to witness significant growth throughout the forecast period.
Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/12259
Increasing production of bulk chemicals in China is expected to change the face of the APAC industrial dryer market
China will lead the APAC industrial dryer market. In terms of volume, the country is anticipated to witness a staggering growth within the forecast period. The demand for industrial dryers will soar in China as these tools will be massively procured by the food processing plants spread across China in the coming few years. China will bolster the growth of the APAC industrial dryer market and APAC is expected to represent an incremental dollar opportunity of more than US$ 300 Mn between 2016 and 2024. The region is expected to account for more than 30% share of the global industrial dryer market. APAC is expected to increase its market value share and go beyond US$ 1,100 Mn by the end of 2024. The APAC industrial dryer market is anticipated to incline towards high value – high growth during the forecast period. In terms of volume, the industrial dryer market in APAC is estimated to reach 1148 units by the end of 2024, exhibiting a CAGR of 3.1% in terms of volume over the forecast period. Mushrooming chemical manufacturing plants in this region is anticipated to upsurge the demand for industrial dryers during the forecast period. Moreover, increasing adoption of industrial dryers in food processing plants and fertilizer industries in APAC is further expected to drive the growth of the industrial dryer market in this region.
To Buy Full Report for a Single User @ http://www.persistencemarketresearch.com/checkout/12259
Macro analysis of the APAC industrial dryer market
• The incremental opportunity recorded in the industrial dryer market of China is expected to be 5.0X the incremental opportunity of Japan by 2024 end
• India is expected to witness significant growth in terms of value as compared to ASEAN during the forecast period
• ASEAN is projected to represent total incremental opportunity of more than US$ 5 Mn between 2016 and 2024
About Us
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web: www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Dryers Market to Reach a Valuation of US$ 3,415 Million by the end of 2024 here
News-ID: 429137 • Views: …
More Releases from Persistence Market Research Pvt. Ltd
Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Mar …
Stroke Rehabilitation Market Size
The global stroke rehabilitation market size was valued at US$ 266.4 million in 2021 and is expected to grow at a CAGR of 9% from 2022 to 2032. Revenue generated from the sales of stroke rehabilitation solutions will surge to US$ 679.6 Million by the end of 2032.
The growth of the market is being driven by the increasing incidence of strokes, the growing demand for innovative rehabilitation…
Launch of New Laser-Based Devices by Key Players Fueling Growth of Global Aesthe …
Market Study on Aesthetic Lasers
The aesthetic lasers market reached US$2.8 billion in global revenue in 2021, and it will continue to expand quickly, with a value CAGR of 6.4%, to reach US$5.5 billion by the end of 2032. The growth of the market is being driven by the increasing demand for minimally invasive cosmetic procedures, rising disposable income, technological advancements, and growing medical tourism.
Stay Ahead with Market Intelligence Get Free…
Predictive Insights for Precision Medicine: The Global Biosimulation Market is S …
Biosimulation Market Research
The Global Biosimulation Market Size was valued at USD 2.9 billion in 2022 and is expected to reach USD 10.0 billion by 2030, registering a CAGR of 16.9% during the forecast period. The growth of the biosimulation market is being driven by the increasing use of biosimulation in a variety of applications, such as drug discovery, clinical trials, and toxicity prediction.
Market Overview
The biosimulation market has experienced rapid growth…
Wheelchair and Components Market: Growing Demand for Lightweight and Smart Wheel …
Wheelchair and Components Market
The global wheelchair and components market is projected to reach USD 17.9 billion by 2033, at a CAGR of 3.7% from 2022-2033. The growth of the market is driven by the increasing prevalence of disabilities, the rising geriatric population, and technological advancements in wheelchair design and manufacturing.
Click Here to Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/12961
The global wheelchair and components market has witnessed significant growth in…
More Releases for Dryer
Dryer Vent Cleaning Fort Worth: Park Glen Dryer Vent Services Emphasizes Deep Cl …
Image: https://www.globalnewslines.com/uploads/2025/08/1755658631.jpg
Park Glen Dryer Vent Services, Fort Worth's leading dryer vent specialists, reduces fire risks and boosts energy efficiency with certified cleaning, inspections, and repairs.
The National Fire Protection Association (NFPA) reports that dryers and washing machines cause approximately 15,970 U.S. home fires annually, with failure to clean vents cited as a leading factor. As fire safety concerns grow among homeowners, Park Glen Dryer Vent Services offers reliable dryer vent cleaning…
Body Dryer Market Hits New High | Major Giants Valiryo, Tornado Body Dryer, Full …
HTF MI just released the Global Body Dryer Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major Giants in Body Dryer Market are:
Valiryo, Tornado Body Dryer, Full…
High-end Hand Dryer Market to Eyewitness Stunning Growth by 2027 | Excel Dryer, …
It is important to go with some actionable plans in the business to obtain massive gains and customer-driven insights and important business growth related data depicted in this High-end Hand Dryer market research report helps in this regard greatly. It talks about how COVID-19 pandemic insisted several industries to suffer from huge losses. It further focuses on strategies adopted by industry players of this market such as collaborations, mergers, new…
Dryer Masher Reviews; Does Dryer Masher Balls Worth It?
Press Release on Dryer Masher Reviews; If you’re looking to get your laundry next-level soft and fluffy while steering clear of chemicals, dryer masher review may be on your radar or If you have a passion for sustainability, you might have heard of Dryer Masher Ball, they are the new “Deal” when it comes to an eco-friendly alternative to dryer sheets and fabric. Over the last few decades, dryer balls…
Global Hand Dryer Market to 2025| American Dryer, Dyson, Electrostar, Euronics I …
Market Research Hub (MRH) has actively included a new research study titled “Global Hand Dryer Market” Insights, Forecast to 2025 to its wide online repository. The concerned market is discoursed based on a variety of market influential factors such as drivers, opportunities and restraints. This study tends to inform the readers about the current as well as future market scenarios extending up to the period until forecast period limit; 2025.…
Hand Dryers Market 2023 | Dyson Ltd., Excel Dryer Inc., TOTO Ltd., World Dryer C …
Considering intense competition in the global hand dryers market, product innovation and introduction of differentiator products is what players in this market are striving for to gain competitive advantage, reports Research Report Insights in a recent market study. Companies in this market are in general working to attain low noise objectives and integrate features that can prevent microbial growth in washrooms. For example, in November 2014, American Dryer patented its…
