Global industrial dryers market analysis and insights
The global Industrial Dryers market estimated at US$5.07 billion in the year 2022 is now projected to grow at a CAGR of 6.22% and reach US$7.28 billion by 2028. The market is expected to grow due to the surging demand for efficient and cost-effective drying solutions in various industries, as well as technological advancements that improve performance and energy efficiency.
As industrialization continues to expand across the globe, the demand for industrial dryers in various sectors such as food processing, pharmaceuticals, chemicals, agriculture, textiles, and minerals is expected to rise. Industrial dryers play a crucial role in reducing moisture content in materials, enhancing product quality, and optimizing production processes.
Ongoing technological advancements in drying technologies have led to the development of more efficient and sophisticated industrial dryers. Manufacturers are focusing on innovations such as heat pumps, advanced control systems, and automation to improve energy efficiency and product quality.
Energy-efficient industrial dryers are gaining traction due to the rising awareness of environmental sustainability and the need to reduce operational costs. Companies that offer eco-friendly and energy-saving dryers are likely to have a competitive advantage in the market.
There is a growing demand for industrial dryers that can be customized to meet specific industry requirements and cater to diverse materials. Manufacturers that can offer tailored solutions are likely to find opportunities for growth.
The need to replace outdated and inefficient drying equipment with modern and more productive industrial dryers presents opportunities for manufacturers and suppliers.
The integration of Internet of Things (IoT) and Industry 4.0 technologies allows for smart and connected drying systems. These advancements offer improved process control, real-time monitoring, and predictive maintenance, enhancing overall efficiency and reducing downtime.
Ongoing research and development efforts in the field of industrial dryers can lead to breakthrough innovations, opening up new opportunities in the market.
Industrial dryers regional market insights
North American industrial dryers market is expected to grow significantly over the forecast period 2022-2028. This growth can be attributed to the increasing demand from food processing and pharmaceutical industries in the region. United States contributed around 78% of the total North American industrial dryers market. It is estimated to have a market value of US$1.24 billion in the year 2022. Among the other noteworthy geographic markets are Canada and Mexico, each forecast to grow at 5.45% and 3.24% respectively over the 2022-2028 period.
Asia Pacific industrial dryers market is anticipated to witness an upsurge owing to the expanding manufacturing industries in countries like China and India. Moreover, the rising focus on process optimization and efficiency improvements in various sectors will drive demand for industrial dryers. China is expected to dominate the Asia-Pacific market and reach a market size of US$1.61 billion by 2028.
Within Europe, Germany, France, Italy and the U.K. are the key countries responsible for the significant growth of the regional market. Germany is expected to grow at a fastest CAGR of 4.29% over the forecast period.
Meanwhile, the Middle East & Africa is expected to show limited growth due to the strong presence of under-developed countries in Africa who are still struggling to meet technology standards. However, any growth that the region experiences is expected to come from developing Middle Eastern nations such as Qatar, U.A.E, and Oman due to a similar growth pattern as the Asia Pacific.
Key players
Key players profiled in the report include Andritz Ag; Anivi Ingenieria S.A.; Bühler AG; Carrier Europe SCA; Carrier® Vibrating Equipment, Inc.; Comessa S.A.; Comspain XXI S.A.; FAVA S.p.A; Glatt GmbH; Metso Corporation; Mitchell Dryers Ltd.; SWISS COMBI – W. Kunz dryTec AG; Tetra Laval International SA; ThyssenKrupp AG; ThyssenKrupp KH Mineral; Tummers Simon Dryers and Voith GmbH, among others.
Competitive Landscape
20 July 2023 – A new ‘green’ range of commercial freeze dryers aimed at the dairy industry launched by leading New Zealand manufacturer Cuddon Freeze Dry. The innovative GPC range of conductive batch freeze dryers include the FD100GPC small commercial model, also suitable for R&D and pilot scale work, the FD600GPC and FD1200GPC, and its largest industrial model, the FD1800GPC. The model number denotes the amount of moisture (in kg) the ice trap can capture within 24 hours.
June 22, 2023 – GEA is investing a total of around EUR 50 million by the end of 2024 in modernizing its two centrifuge plants in Germany. Approximately EUR 15 million will be invested in the Niederahr site and EUR 35 million in the parent plant in Oelde, Westphalia. In Niederahr, GEA has been manufacturing decanter centrifuges for 60 years. These are mainly used in the food technology, chemical engineering and environmental technology sectors. The company plans to drive further growth in its key markets – food, beverages and pharmaceuticals – by investing in more sustainable production processes, digitalization, automation and leading-edge manufacturing technologies.
Industrial dryers market scope
- By product type
- Rotary dryers
- Fluidized bed dryers
- Spray dryers
- Conveyor dryers
- Freeze dryers
- Others
- By technology
- Direct drying
- Indirect drying
- Freeze drying
- Radiant drying
- Others
- By heating source
- Natural gas/Fuel oil
- Electricity
- Biomass
- Others
- By end-use industry
- Food industry
- Pharmaceutical
- Nutraceutical
- Personal care and cosmetics
- Fertilizer and Agrochemical
- Chemical
- Others
- By region
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
| Report Attribute | Details |
| No. of Pages | 248 |
| Published | July-2023 |
| Forecast Period | 2022-2028 |
| Estimated Market Size in 2022 | US$5.07 billion |
| Forecasted Market Size by 2028 | US$7.28 billion |
| CAGR | 6.22% |
| Regions Covered | North America, South America, Europe, Asia Pacific, Middle East and Africa |
| Companies Mentioned | Abu Dhabi Vegetable Oils Co., Adani Wilmar Ltd., Archer Daniels Midland Company, Areej Vegetable Oils & Derivatives S.A.O.C, Associated British Foods Plc, Borges Agricultural & Industrial Nuts S.A., Bunge Limited, CannOils LLC, Cargill Incorporated, Fuji Oil Group, Golden Agri-Resources Ltd., Kuala Lumpur Kepong Berhad, Louis Dreyfus Company B.V., Mewah International, Inc., Momin Oil Industry, Omani Vegetable Oils & Derivatives Co. LLC, Ruchi Soya Industries Limited and Wilmar International Ltd., among others. |
The research report provides a comprehensive review of market trends (Technology, Product and Application analysis), market growth drivers, PEST Analysis (Political, Economic, Social and Technological Analysis) Market growth inhibitors, and strategic industry activities and SWOT Analysis of key players in the market. The report provides market estimates and forecast for geographic markets such as the North America (United States, Canada, Mexico and Rest of North America), South America (Brazil, Argentina Chile Colombia Peru Venezuela Ecuador and Rest of South America), Europe (Germany, France, U.K., Russia, Italy, Spain, Sweden, Netherlands, Poland, Austria, Belgium, Finland, Norway, Switzerland, Denmark, Czech Republic, Portugal and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Taiwan, India, Australia, Indonesia, Philippines, Malaysia and Rest of Asia-Pacific), Middle East (Iran, Turkey, Kuwait, UAE, Israel, Oman, Bahrain, Saudi Arabia, Qatar, Egypt and Rest of Middle East) & Africa.
Research Methodology
