INDUSTRIAL DRYER MARKET ANALYSIS

Market Challenges And Opportunities

Market Dynamics- Restraints

1. High operational costs are expected to hamper growth of the global industrial dryer market during the forecast period

The process of drying is energy-intensive regarding manufacturing a product. In industrial sector, it is estimated that drying process alone consumes around 10% to 20% energy relative to other unit operations involved in the industry. Furthermore, majority of industrial dryers are focused on operations that require hot air for drying, which is formed by the burning of fossil fuel. Burning of fossil fuel imparts additional operational costs in the drying process. Hence, these factors are expected to hamper the market growth in the near future.

2. Strict environmental regulations are expected to hinder the global industrial dryer market growth over the forecast period

There are various strict government regulations enforced across the globe including REACH, EPA, etc. Industrial dryers such as belt dryers and tray dryers are adopted by small industries since they are low cost although they are less efficient well. Hence, these factors are expected to hinder the global industrial dryer market growth over the forecast period.

Market Opportunities

1. High growth of food processing industry can present major business opportunities

Food processing industry has expanded significantly in the recent past. Dryers can be used to prevent food spoilage by removing water from both preparation and processing of food products. Dryers can provide clean and dry air that can help extend product life and can assist in packaging, transporting and storing food products. Key companies in the market can capitalize on lucrative opportunities and gain significant advantages in the market.

2. High growth of the pharmaceutical industry can pose significant growth opportunities

The pharmaceutical industry deploys different types of industrial dryers including freeze-dryers, vacuum dryers, continuous-tray dryers, mixer dryers, etc. The pharmaceutical industry has expanded significantly in the recent past and as a result of this, there is a high demand for dryers. Key companies in the market can capitalize on lucrative opportunities and gain significant advantages in the market.