Industrial dryers are machines used for moisture removal in various industrial applications. They are used across industries such as food, pharmaceutical, chemical, and agro-processing. Industrial dryers offer benefits such as consistency in drying, reduced waste, and higher throughput. The global Industrial Dryer Market is estimated to be valued at US$ 1.37 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Advances in drying technology have accelerated the growth of the industrial dryer market. Manufacturers are developing innovative drying solutions with advanced controls, sensors, and automation. For instance, hybrid dryers that utilize both heat pump and heat transfer drying mechanisms offer higher energy efficiency. New dryer designs with intelligent monitoring systems and predictive maintenance capabilities also help reduce downtime and maximize throughput. Rapid industrialization across developing regions has further fueled the demand for advanced drying equipment with smart functions.

Segment Analysis

The global industrial dryer market is dominated by rotary dryers sub segment. Rotary dryers accounted for over 40% share of the overall market in 2023. Rotary dryers are effective in evaporating water from particles of material and are widely used for drying various materials like minerals, food grains, chemicals, pharmaceuticals etc. They provide continuous drying operation and are easy to operate.

Key Takeaways

The Global Industrial Dryer Market Size is expected to witness high growth over the forecast period driven by increasing demand from food processing, pharmaceutical, chemical and various other process industries.

Regional analysis: Asia Pacific region dominated the global industrial dryer market in 2023 with over 35% share. The region is expected to remain the fastest growing market during the forecast period supported by rapid industrialization and expansion of manufacturing sector in major economies like China and India. Strong presence of key end use industries such as food processing and pharmaceutical has been driving the demand for industrial dryers in Asia Pacific.

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. PepsiCo and Nestle are the leading players in the global industrial dryer market.

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