Industrial dryers are used in applications involving bulk processing of materials such as agricultural products, chemicals, minerals, metals, food and more. These dryers offer efficient moisture removal at high temperatures, thereby facilitating faster production cycles.
The Global Industrial Dryer Market Size is estimated to be valued at US$ 1.58 billion in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growth accelerated in the industrial dryers equipment market is primarily attributed to rising need for bulk processing of materials across industries. Industrial dryers are widely adopted for applications requiring removing moisture from raw materials or finished products before further processing or packaging. Their ability to handle high throughput needs and reduce moisture content to low levels makes them indispensable for industries dealing with large volumes. Adoption of advanced automated dryers integrated with control systems is also driving the market as they facilitate monitoring and regulation of drying parameters for consistent quality output.
Segment Analysis
The global industrial dryer market is dominated by batch industrial dryers sub-segment. Batch dryers are expected to account for over 45% share of the overall market by 2031. Batch dryers are preferred for drying heat sensitive materials like food products, pharmaceuticals and chemicals as it allows independent processing of small batches while maintaining product integrity. They are suitable for small to medium scale production capacities.
Key Takeaways
The global industrial dryer market is expected to witness high growth over the forecast period. Rapid industrialization coupled with rising need for processed foods are driving demand for industrial dryers across regions. The global Industrial Dryers Equipment Market is estimated to be valued at US$ 1.58 billion in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2031.
Regional analysis
Asia Pacific is projected to be the fastest growing as well as dominant regional market for industrial dryers. Rising population, rapid urbanization and growth in process industry verticals like food and pharmaceuticals in countries like China and India are fueling sales of industrial dryers. North America and Europe are also sizable markets driven by well-established food and chemical industries.
Key players operating in the industrial dryer market are PepsiCo, Inc., Nestle SA, The Coca-Cola Company, Groupe Danone, Abbott Laboratories, Bernard Food Industries, Inc, Zydus Wellness Ltd., Dr. Pepper Snapple Group Inc., McNeil Nutritionals LLC, Cargill, Incorporated, and Ajinomoto Co., Inc. These players are focusing on capacity expansion and new product launches catering to diverse industrial drying applications.
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