Electric Dryer Market Overview
The Ministry of Tourism, Government of India, aims to develop infrastructure at important heritage and pilgrimage cities/destinations. Under its Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive (PRASHAD) Scheme. And improve its hotels and resorts under its Time Share Resort (TSR) Scheme. Similarly, the Government of Canada aims to strengthen the reputation of Canadian towns as world-class convention destinations. Under its Building Canada initiative. Thus, the rising focus of governments on creating improved infrastructure for tourist destinations. And cities will create a huge requirement for electric dryers, globally.
Moreover, the huge investments being made by governments in infrastructure development. It will also strengthen the electric dryer market in the foreseeable future. For example, the Australian government allocated $2.5 billion to local councils under its (LRCI) Program in 2020. Likewise, the U.S. government aims to invest $0.64 trillion and $0.35 trillion. For the development of infrastructure of airports and railways, respectively, between 2016 and 2040.
Electric Dryer Market Size
Additionally, the ongoing technological advancements will also encourage the uptake of electric dryers worldwide. The energy labels of electric dryers range from A to G, wherein A represents the highest efficiency rate; whereas, G represents the lowest energy rate. As electric dryers consume a lot of energy. Their manufacturers are proactively working toward obtaining enhanced energy labels through advanced technologies. The manufacturers are also making significant efforts to improve the control systems of electric dryers to enhance their efficiency.
In recent years, users have preferred heat pump dryers over solar cloth dryers, spin dryers, mechanical steam compression dryers, and condenser dryers, as heat pump variants are more efficient than others. An electric dryer contains a tumbling drum, which utilizes hot air to dry clothes. It also comprises coiled wires that are used to heat the air inside the electric dryer. Electric current is passed through coiled wires to heat the air. With the surging consumer awareness about the faster drying cycle of electric dryers, people around the world are shifting from open-air drying of clothes to these new machines.
Electric Dryer Market Demand
In contemporary times, the electric dryer market is dominated by General Electric Company, Robert Bosch GmbH, LG Electronics Inc., Samsung Electronics Co. Ltd., Indesit Company, Crosslee PLC, Electrolux AB, and Whirlpool Corporation. These companies produce spin dryers, condenser dryers, heat pump dryers, mechanical steam compression dryers, and solar cloth dryers for hotels, hospitals, food processing and food service companies, malls, office buildings, and railway stations of Asia-Pacific (APAC), North America, Europe, and Rest of the World.
The aforementioned manufacturers are currently focusing on increasing the drying speed, enhancing energy efficiency, and reducing noise emissions to offer better versions of electric dryers to their existing and potential clientele. Additionally, the electric dryer companies are also equipping their offerings with steam features to remove odors and wrinkles and refresh outfits to increase the penetration of their products. In recent years, the introduction of eco-monitors on the liquified crystal display (LCD) screens of the dryers has enabled users to see their efficiency.
Therefore, the improving hospitality sector and the soaring infrastructure expenditure will encourage the use of electric dryers in the coming years.
