Industrial dryers market predicted to reach USD 24.85 billion by 2032 due to energy-efficient technology
From GlobeNewswire: 2025-05-19 10:00:00
The Industrial Dryers Market is booming, with an estimated value of USD 13.99 billion in 2023, set to reach USD 24.85 billion by 2032. Vertical dryers using energy-efficient technology are driving market growth. The U.S. market is projected to grow to USD 4.29 billion by 2032, with a CAGR of 6.98%.
Key players in the market include ThyssenKrupp AG, Andritz AG, and GEA Group, among others. Direct dryers dominated the market in 2023, with a share exceeding 58%, while rotary dryers captured over 34% of the market share. The pharmaceutical industry accounted for over 32% of market share in 2023.
North America led the Industrial Dryers Market in 2023, with Asia-Pacific emerging as the fastest-growing region. The growth is attributed to rapid industrialization and demand across various industries like food & beverage, pharmaceuticals, and textiles. Government policies and foreign investments are driving technology adoption in the region. Global manufacturers are being attracted to the industrial drying equipment market in the region due to low labor costs and raw material availability, driving market growth. In February 2024, Ingersoll Rand Inc. acquired Italy-based Friulair S.r.l. for approximately USD 146 million in cash, expanding its air dryer business and global footprint.
The industrial dryers market report includes a detailed analysis of market dynamics, statistical insights, competitive landscape, and segmentation by product, type, and application. With a focus on regional analysis, company profiles, and use cases, the report provides valuable information for businesses looking to make informed decisions in the industry.
SNS Insider is a leading market research and consulting agency, providing clients with up-to-date market data, consumer insights, and opinions to make confident decisions in changing circumstances. Using surveys, video talks, and focus groups globally, they aim to empower businesses with the knowledge they need to thrive in the competitive industrial dryers market.
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