Global Electric Dryers Market By Type (Spin Dryers, Condenser Dryers, Heat Pump Dryers, Mechanical Steam Compression Dryers, Solar Clothes Dryer), Distribution Channel (Supermarket and Hypermarkets, Company Owned Stores, Specialty Stores, E-Commerce, Others), End User (Hotels, Residences, Food Processing And Food Service, Office Buildings, Hospitals, Malls, Railway Stations, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights : Global Electric Dryers Market
Electric dryers market will reach an estimated valuation of USD 14.9 billion by 2027, while registering this growth at a rate of 4.50% for the forecast period of 2020 to 2027. Electric dryers market report analyses the growth, which is currently being growing due to the declining exhaustible resources and escalating electricity rates.
The rising need for energy efficient electric dryers among consumers is projected to drive the market growth of the electric dryers market. Rising disposable income of the people, growing emphasis on improving heat pump dryers as they use less energy, escalating technological innovations, rise in the number of hotels and restaurants, rapid urbanization, reduction in the wastage of water, increasing customer preferences, reduction in usage of oil and gasoline, increased admittance to the internet and usage of smart phones supported the growth and consumption of innovative technologically enabled appliances are also expected to fuel the growth of the electric dryers market in the forecast period of 2020 to 2027. In addition, the evolving infrastructure in emerging and under-developed countries will further bring various opportunities that will lead to the growth of the electric dryers market in the above mentioned forecast period.
However, the high initial investment along with the threat from gas dryers will hamper the growth of the electric dryers market in the above mentioned forecast period.
This electric dryers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on electric dryers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Electric Dryers Market Scope and Market Size
Electric dryers market is segmented on the basis of type, distribution channel and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, electric dryers market is segmented into spin dryers, condenser dryers, heat pump dryers, mechanical steam compression dryers and solar clothes dryer.
- Based on distribution channel, the electric dryers market is segmented into Supermarket and hypermarkets, company owned stores, specialty stores, e-commerce and others.
- The end user segment of electric dryers market is segmented into hotels, residences, food processing and food service, office buildings, hospitals, malls, railway stations and others.
Electric Dryers Market Country Level Analysis
Electric dryers market is analyzed and market size, volume information is provided by country, type, distribution channel and end user as referenced above.
The countries covered in the electric dryers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the electric dryers market due to the introduction of different technological innovations such as super-efficient dryer initiative to support improvements in dryer energy effectiveness in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Electric Dryers Market Share Analysis
Electric dryers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electric dryers market.
The major players covered in the electric dryers market report are Samsung, Whirlpool Corporation, General Electric, Crosslee PLC, Robert Bosch GmbH, AB Electrolux, Indesit Company, Koninklijke Philips, Electrolux AB, LG Electronics, HAAN, Conair, Arçelik, Gorenje, Haier Inc., Groupe SEB, Sears Holdings (Kenmore), Panasonic Corporation, and Smeg S.p.A., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.