Electric Dryer Market Share, Segmentation, Trend, and Forecast To 2021-2031

 

Electric Dryer Market – Overview

The global electric dryer market is estimated to rise at a healthy rate from 2021 to 2031 (forecast period). The requirement for energy-efficient electric dryers among customers is one of the primary reasons projected to drive the global electric dryer market during the forecast period. Customers are seeking energy-efficient dryers in order to lower their electricity use and save money on their utility bills. Manufacturers are concentrating on creating more efficient electric dryers to meet the increased demand for energy-efficient appliances that include aspects like drying speed, energy efficiency, and noise emissions. Moreover, greater attention on upgrading heat pump dryers since they require less energy is expected to aid the global electric dryer market growth in the years ahead.


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Electric Dryer Market – Competitive Landscape

Prominent players operating in the global electric dryer market are Robert Bosch GmbH, Samsung Electronics Co., Ltd., Electrolux AB, Whirlpool Corporation, Arçelik, Gorenje, LG Electronics, Haier Group Corporation, Panasonic Corporation, Sears Holdings (Kenmore), and Smeg Group S.p.A. among others.

Market players are anticipated to make capital investments in order to introduce Energy Star-labeled products and Wi-Fi-enabled dryers. Moreover, increasing partnerships among players and the use of various techniques to market and differentiate their products are expected to be major tactics employed by market players.


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The global electric dryer market is projected to experience significant growth during the forecast period. Since air drying clothes requires a lot of time and is strongly reliant on ideal weather conditions, consumers in colder countries, such as Europe and North America, prefer fast-functioning electric dryers. Aside from that, consumers living in micro-apartments, especially in densely populated nations such as China and India, prefer these dryers due to the limited space available in their homes for air drying clothes.

Electric dryers frequently include functions like steam refresh, delicate cycle, moisture sensors, and sanitize cycle. As a result of technical improvements, manufacturers are now providing efficient electric dryers with clothes-specific options that need varying degrees of care when drying. Consumers, for example, can now use their smartphones to manage and monitor their dryers. Furthermore, the growing integration of the Internet of Things (IoT) enabled users to connect the dryers via the internet and remotely access important operations by collecting and transmitting data. This, in turn, is expected to propel the global electric dryer market during the forecast period.


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Electric Dryer Market – Regional Landscape

The electric dryer market in North America is expected to witness significant growth during the forecast period. To assist improvements in dryer energy efficiency, market players in North America are launching various technological breakthroughs such as the Super-Efficient Dryer Initiative. Moreover, due to improvements in heat pump dryer technology, the heat pump dryer segment is expected to help regional market growth throughout the projected period.

The Asia Pacific electric dryer market is projected to grow during the forecast period. Emerging economies are likely to continue to rise marginally quicker than the established markets in the forecast period. For example, China is anticipated to contribute significantly to the regional market during the forecast period. Moreover, stable economic development, expanding internet penetration, and increasing disposable income is expected to boost the electric dryer market in Asia Pacific.

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