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Industrial Dryers Market to Reflect a Significant CAGR of 3.5% during 2016 - 2024

09-15-2017 10:34 AM CET | Industry, Real Estate & Construction

Press release from: Persistence Market Research Pvt. Ltd

Industrial Dryers Market to Reflect a Significant CAGR of 3.5%

Robust demand for industrial dryers in the food and pharmaceutical industry is expected to influence the overall growth of industrial dryers market in the near future. In order to maintain a superior product quality and functional value, end user industries such as food and pharmaceutical heavily depend on high performance dryer systems. In addition, stiffer government guidelines for manufacturing processes coupled with increasing concerns over sustainable industrial expansion has compelled these industries to intensify production operations. A study conducted by Persistence Market Research (PMR) reveals that the demand for new industrial dryers will reach at 3,049 units globally by 2024.

View and Download TOC of Industrial Dryers Market Research Report @ https://www.persistencemarketresearch.com/market-research/industrial-dryers-market/toc

Owing to the arrival of advanced drying technology, the application base for industrial dryers has expanded rapidly in recent years. The industrial dryer is a manufacturing equipment in chemical, fertilizer and mineral processing industries. Dryer manufacturers are developing industry specific dryer systems depending on the processing requirement.

While industrial drying equipment greatly enhances both product value and quality, constraints such as high cost of operation and its severe environmental limitations pertaining to excessive smoke emission may slow down the surging spirit of the market during the forecast period. Moreover, a considerable amount of post processing is involved to minimize the thick discharge of fumes from dryers that entails additional dispensation cost.

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PMR’s study further sheds light on the technological aspect of industrial dryer systems, major players in the global market for industrial dryer are actively focusing on making higher investments in R&D pipelines. In the recent past, demand for energy efficient dryers has gained traction, as a result of which manufacturers have shifted their concentration towards developing cost-effective and low-energy consuming dryers. Further, growing preference for superheated steam dryers that offer 70-80% energy recovery and have lower operating cost is a key trend governing the global market for industrial dryers.

Spooner Industries Ltd, Metso Corporation, ANDRITZ AG, Carrier Vibrating Equipment, Inc., Separation Group, Ventilex Inc., ThyssenKrupp AG, Buhler AG, GEA Group, and HEINKEL Drying are some of the key participants operating in the Global market for Industrial Dryer.

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About Us

Persistence Market Research (PMR) is a U.S.-based 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.

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