Electric Dryer Market Share, Growing Demand, And Top Key Players

By Author: Industry Analysis
Total Articles: 11
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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.

Moreover, the huge investments being made by governments in infrastructure development 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 Local Roads and Community Infrastructure (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.

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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.

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.