Request FREE sample PDF
Pharmacy benefit management market
STEAM DRYER MARKET REPORT OVERVIEW
The global steam dryer market size is expected to be USD 214.5 million in 2022 and is projected to touch USD 318.72 million by 2031, exhibiting a CAGR of 4.5% during the forecast period.
A steam dryer is a form of clothes dryer that provides the alternative of steamed drying, which works similar to a typical garment steamer to help remove wrinkles and static and keep apparel looking new. Dryers that do use steam also provide conventional, non-steam blow drying modes like gentle, irreversible press, and blow dry.
The type of fuel and power source used in drying machinery can be categorised as natural gas, fuel, electric heating components, woody biomass, or alternative energies including sunlight water. The capacity, kind, and control mechanisms for the steam nozzle employed also differ depending on the design. Like a regular dryer, it dries clothes with hot air. It can also employ a steam process, which permeates materials with hot, humid air. This can assist in minimising wrinkles on bathrobes, apparel, and other items. Traditional dryers feature a variety of settings for cleaning various materials. Contrarily, the dryer includes settings that can assist you minimise fabric creases so that you spend less time ironing. This is particularly helpful for fabrics which have to be pressed but are not discoloured or dirty.
COVID-19 Impact: Supply and Lockdown Limitation to Impede Market Advancement
The global COVID-19 pandemic has been unprecedented and staggering, with global steam dryer experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to the steam dryer market growth and demand returning to pre-pandemic levels once the pandemic is over.
The epidemic caused state-wide lockdowns to be implemented in a number of nations, temporarily disrupting the steam dryer market's supply chain. Lockdowns, business closures, and immigration restrictions caused the outbreak to have an impact on countries and their businesses all around the world. The lockdown caused manufacturing to temporarily cease or be suspended, which had a major effect on the application programming interface of the market. Limitations related to fewer production activities, a tighter supply chain, a lower percentage of employees, and closures ultimately had a significant impact on the market globally.
Steam dryer market growth is predicted to rise as a result of growing demand for semi-automation and green drying for industrial purposes.
LATEST TRENDS
"Green Drying to Stimulate Market Development"
Instead of using hot gases from combustion systems powered by fossil fuels, dryers use the latent heat from clean, low-temperature saturated steam. Dryers are among the most thermally effective drying methods due to their highly effective heat transfer architecture. hence increasing the market share for the dryers.
Compared to other forms of direct heat drying methods that employ greater temperatures, dryers use low temperatures, which cause less volatiles from organic compounds to be released. It does away with the requirement for pricey Thermal Oxides, which are frequently needed for other drying processes.
STEAM DRYER MARKET SEGMENTATION
- By Type
Based on type; the market is divided into automatic and semi-automaticAutomatic is the leading part of the type segment.
- By Application
Based on the application; the market is divided into mineral processing and manufacturing, chemical industry
Mineral processing and manufacturing is the leading part of the application segment.
DRIVING FACTORS
"Demand for Semi-Automation by Operator to Aid Market Expansion "
The constantly increasing demand for semi-automatic dryer machinery by the operator and industrialists is expected to uplift the market.
There is no need of labour engagement to do maintenance tasks like fuel loading and ash cleaning, a semi-automatic drying machinery uses less coal than an automatic one overall. The majority of power plants, pulp and paper mills, demands for a semi-automatic machine installation. They dry things more quickly than other types of dryers because they use hot air and steam to quickly eliminate moisture.
"Rising Demand for Reducing Water Content in Goods to Foster Industry Progress "
The industry is expected to increase as a result of the consistently rising demand for the dryers in chemical industry. The demand for the dryers is highly increasing as they are used in the chemical industry to reduce water in highly moist goods that might otherwise be difficult to handle or treat. Due to this application, a sizable portion of all residential and manufacturing steam dryer units supplied each year are used to dry damp items including wood shavings, rock formation dust, coal mix, and saline solutions. Because the molecules are less firmly bonded together than they would be in liquid form, steam is a remarkably efficient means to extract water from solids. If enough heat energy (from high-temperature steam) is provided to the material, these molecules can more easily disintegrate into steam vapour.
RESTRAINING FACTORS
"High Costs and Maintenance to Hinder Market Advancement"
The dryer machinery involves a significantly more complicated setup than a gas-fired process, using a drying machinery for drying is not practicable for many applications. By using steam, the system must have a boiler and superheater, adding to the system's capital expenses. Therefore, restraining the steam dryer market from expansion.
STEAM DRYER MARKET REGIONAL INSIGHTS
"Increasing Percentage of Consumption by Industries to Foster Market Advancement in Europe"
The highest percentage for global steam dryer market share is in Europe. The region's growth can be linked to an increase in the consumptions of industries including paper pulp, metals & metal products (including steel), chemicals, and mineral processing and manufacturing in Europe. The increasing demand for the dryer by the working industries in Europe is anticipated to contribute further to the market in the coming years.
KEY INDUSTRY PLAYERS
"Prominent Players in the Industry to Promote Market Expansion"
The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other considerations taken into account for this market are the businesses that develop and provide new products, the geographic areas in which they function, mechanization, innovation strategies, generating the maximum revenue, and using their products to make a significant difference.
LIST OF TOP STEAM DRYER COMPANIES
- MES (U.S.)
- Mesto (Europe)
- Tsukishima Kikai (Japan)
- UBE Machinery (U.S.)
- Kumera (China)
- Nanjing Tianhua (China)
- Louisville Dryer (U.S.)
- SSP Pvt Limited (India)
- ANCO-EAGLIN (U.S.)
- Shandong Tianli (China)
- Swenson Technology (U.S.)
- CAD Works Engineering (U.K.)
- Liaoning Dongda (China)
REPORT COVERAGE
The report consists an in-depth analysis of the restraints illustrates how they differ from drivers and leaves potential for tactical planning. The factors that hinder market expansion are crucial because they may be used to create new strategies for seizing the profitable chances that are available in the constantly expanding industry. In order to better comprehend the market, perspectives from industry experts have also been taken into consideration. The steam dryer market trend and market expansion statistics are also analyzed in the report.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 214.5 Million in 2022 |
Market Size Value By |
US$ 318.72 Million by 2031 |
Growth Rate |
CAGR of 4.5% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type, Application & Region |
Frequently Asked Questions
-
What value is the steam dryer market expected to touch by 2031?
Based on our research, the global steam dryer market is projected to touch USD 318.72 million by 2031.
-
What CAGR is the steam dryer market expected to exhibit by 2031?
The steam dryer market is expected to exhibit a CAGR of 4.5% by the forecasted year 2031.
-
What are the driving factors of the steam dryer market?
An increase in the demand for semi-automatic steam dryer by the operator and also new features available due to technological advancement, has inflated the steam dryer market
-
Which are the top companies operating in the steam dryer market?
MES, Mesto, Tsukishima Kikai, UBE Machinery, Kumera, Nanjing Tianhua, Louisville, Dryer, SSP Pvt Limited, ANCO-EAGLIN, Shandong Tianli, Swenson Technology, CAD Works Engineering and Liaoning Dongda are the top companies operating in the steam dryer market