TheBusinessResearchCompany.com adds Electric Dryers Global Market Report 2020 to its research database. The complete research is covered across 150+ pages
The global electric dryers market was worth $7.3 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 10.29% and reach $10.8 billion by 2023”
— Abdul Wasay
LONDON, GREATER LONDON, UK, January 18, 2020 /EINPresswire.com/ — The global electric dryers market is expected to grow at a rate of about 10.29% and reach $10.8 billion by 2023. Technological advances drove the market for dryers in the historic period. Increased access to the internet and use of smartphones supported the development and consumption of innovative technologically-enabled appliances. However, increasing demand for online on-demand laundry services is expected to restrain the market for dryers in the forecast period.
The electric dryers manufacturing market consist of sales of clothes dryers. Clothes dryers are extensively employed by the household consumers for carrying out the activity of drying clothes. The main function that is performed by the device is to soak up the moisture from the clothes, lessen the aroma level, and eliminate dust-mites from the clothes.
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The global electric dryers market is further segmented based on type and geography.
By Type – The electric dryers market is segmented into spin dryers, condenser dryers, heat pump dryers, mechanical steam compression dryers, solar clothes dryer, and other types.
By Geography – The global electric dryers is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American electric dryers market accounts for the largest share in the global electric dryers market.
Trends In The Electric Dryers Market
Dryer manufacturers are increasingly producing energy-efficient products to reduce the carbon footprint and enable energy savings for consumers. The rise of energy-efficient appliances can be attributed to the stringent government regulations on electric home appliances and advances in technology.
Potential Opportunities In The Electric Dryers Market
With increasing urban population, strong economic growth, and rising disposable income in emerging markets, the scope and potential for the global electric dryers market is expected to significantly rise in the forecast period.
Major players in the market are Haier Electronics Group, LG Electronics, SAMSUNG, Robert Bosch, Koninklijke Philips, Whirlpool, Panasonic, Groupe SEB, HAAN, and Conair.
Electric Dryers Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides electric dryers market overviews, analyzes and forecasts electric dryers market size and growth for the global electric dryers market, electric dryers market share, electric dryers market players, electric dryers market size, electric dryers market segments and geographies, electric dryers market trends, electric dryers market drivers and electric dryers market restraints, electric dryers market’s leading competitors’ revenues, profiles and market shares. The electric dryers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Where To Learn More
Read Electric Dryers Global Market Report 2020 from The Business Research Company for information on the following:
Markets Covered: global electric dryers market
Data Segmentations: electric dryers market size, global and by country; historic and forecast size, and growth rates for the world, 7 regions and 12 countries
Electric Dryers Market Organizations Covered: Haier Electronics Group, LG Electronics, SAMSUNG, Robert Bosch, Koninklijke Philips, Whirlpool, Panasonic, Groupe SEB, HAAN, and Conair
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Time Series: Five years historic (2015-19) and forecast (2019-23).
Other Information And Analyses: PESTEL analysis, electric dryers market customer information, electric dryers market product/service analysis – product examples, electric dryers market trends and opportunities, drivers and restraints, key mergers and acquisitions, key metrics covered: number of enterprises, number of employees, global electric dryers market in 2020 – countries offering most new opportunities
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Electric Dryers Industry: The report explains a number of strategies for companies in the electric dryers market, based on industry trends and company analysis.
Opportunities For Companies In The Electric Dryers Sector: The report reveals where the global electric dryers industry will put on most $ sales up to 2023.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. Here is a list of reports from The Business Research Company similar to Electric Dryers Global Market Report 2020:
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Source: EIN Presswire