Global Industry Analysts Predicts the World Industrial Dryers Market to Reach $5.5 Billion by 2026

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Sep 22, 2021, 10:45 ET

SAN FRANCISCO, Sept. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Industrial Dryers - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 18; Released: April 2021
Executive Pool: 5509
Companies: 223 - Players covered include Andritz Ag; Anivi Ingenieria S.A.; BÃ¼hler AG; Carrier Europe SCA; 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; Voith GmbH and Others.
Coverage: All major geographies and key segments
Segments: Product Segment (Direct Dryers, Indirect Dryers, Specialty Dryers)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Industrial Dryers Market to Reach $5.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Industrial Dryers estimated at US$4.6 Billion in the year 2020, is projected to reach a revised size of US$5.5 Billion by 2026, growing at a CAGR of 2.9% over the analysis period. Direct Dryers, one of the segments analyzed in the report, is projected to record a 3.3% CAGR and reach US$3.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Indirect Dryers segment is readjusted to a revised 2.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.3 Billion in 2021, While China is Forecast to Reach $1.1 Billion by 2026
The Industrial Dryers market in the U.S. is estimated at US$1.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2026 trailing a CAGR of 5.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.

Specialty Dryers Segment to Reach US$266 Million by the year 2026
In the global Specialty Dryers segment, USA, Canada, Japan, China and Europe will drive the 2.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$170.6 Million in the year 2020 will reach a projected size of US$199 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.