The Global Centrifugal Industrial Dryer market size is projected to grow at a CAGR of 4.4% during the forecast period from 2021-2028, with a total worth reaching $2,625 million by 2028. The growth in this market can be attributed to an increase in demand for this type of equipment due to its high efficiency and low operating costs that are leading the industry.
Centrifugal Industrial Dryers are used in various industries like metal finishing, food processing, plastic recycling, and chemical manufacturing. The dryer is the equipment that removes moisture from a process gas or liquid by passing it through an evaporator where the heat of vaporization causes evaporation to produce a low-moisture product. The main advantage of using centrifugal industrial dryers over other drying methods is their high efficiency and low operating costs. This type of drying technique can be employed for any water concentration whereas others cannot operate properly at higher concentrations due to their design limitations. A disadvantage associated with this technology is its potential high power consumption owing to large rotating parts such as rotor blades which require continuous maintenance & replacement.
On the basis of Type, the market is segmented into Direct and Indirect. Among them, indirect dryers held the largest share of 45%, followed by direct dryers (44%). North America holds the highest share globally for industrial centrifugal gas & oil-fired heaters as well as combined electric steam generating equipment among other types of industrial machinery used for drying processes. It accounted for 39% of global revenue from these products owing to its high demand levels across various industries such as pharmaceuticals and petrochemicals.
Direct Centrifugal Industrial Dryers are the most frequently used type of centrifugal dryer. They are equipped with an inlet (air) fan that air-cools a rotor blade to direct airflow into the evaporator chamber where it is heated by hot process gas or liquid. Direct types have no such devices for cooling blades; instead, they rely on natural convection of heat from the vaporized fluid to cool them down during operation.
Indirect Centrifugal Industrial Dryers are an intermediate type of centrifugal dryer that is not as efficient. They use a coolant fluid to provide indirect cooling for rotor blades, and they are most often used when process gas or liquid cannot be heated high enough to supply the heat needed by blade rotors in Direct types. Indirect types have no such devices for cooling the blades; instead, they rely on natural convection of heat from the vaporized fluid to cool them down during operation.
On the basis of Application, the market is segmented into Metal Finishing, Food Processing, Plastic Recycling, Chemicals, and Pharmaceuticals.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is expected to dominate the market throughout the forecast period. Latin American and Europe are expected to grow at a significant CAGR, owing largely to increasing industrialization in these regions. APAC is projected to be one of the fastest-growing markets during the forecast period, primarily driven by India and China.
The Middle East & Africa will witness rapid growth due to their increased economic development on account of oil discoveries as well as improved infrastructure for supplying raw materials such as natural gas and coal. Asia-Pacific region will have a moderate growth rate over the next few years because it has been undergoing major reforms related to its trade policies which may hamper production activities in this region until 2020s end.
Key Constraints for Global Centrifugal Industrial Dryers Market:
One of the key constraints for the global centrifugal industrial dryers market is the lack of awareness among users. Due to this, many dryer manufacturers are not able to generate profits because they do not have enough customers. Another challenge faced by these companies is difficulty in accessing capital during recession periods and uncertain economic conditions. Increasing price competitiveness, changing customer preferences towards more energy-efficient products, and high cost play a major role in constraining growth opportunities.
Up Market Research published a new report titled “Centrifugal Industrial Dryer Market research report which is segmented by Types (Direct, Indirect), By Applications (Metal Finishing, Food Processing, Plastic Recycling, Chemical, Pharmaceutical, Others), By Players/Companies Gala Industries, ZIRBUS technology, Gostol TST, Genox Recycling Tech, Firex, Sukup Manufacturing, Auto Technology, BelAir Finishing Supply, Pelletizing Solutions, Zhejiang Humo Polishing Grinder Manufacture, BEC Midlands, AVAtec, Rosler Oberflachentechnik, Wave Power Equipment, Sino-alloy Machinery, Greco Brothers, BrÃ¼el Systems, Delcra Chemicals”.
|Report Attributes||Report Details|
|Report Title||Centrifugal Industrial Dryer Market Research Report|
|By Type||Direct, Indirect|
|By Application||Metal Finishing, Food Processing, Plastic Recycling, Chemical, Pharmaceutical, Others|
|By Companies||Gala Industries, ZIRBUS technology, Gostol TST, Genox Recycling Tech, Firex, Sukup Manufacturing, Auto Technology, BelAir Finishing Supply, Pelletizing Solutions, Zhejiang Humo Polishing Grinder Manufacture, BEC Midlands, AVAtec, Rosler Oberflachentechnik, Wave Power Equipment, Sino-alloy Machinery, Greco Brothers, BrÃ¼el Systems, Delcra Chemicals|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||206|
|Number of Tables & Figures||145|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Direct, Indirect and By Application Metal Finishing, Food Processing, Plastic Recycling, Chemical, Pharmaceutical, Others.
Some of the companies that are profiled in this report are:
Centrifugal Industrial Dryer Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Centrifugal Industrial Dryer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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