Market Overview:
The global tray dryers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. Tray dryers are used in various industries such as chemical processing, pharmaceuticals, food processing, nutraceuticals, hospitals and laboratories, and others for drying applications. The growth of the tray dryers market can be attributed to the increasing demand for processed foods and rising awareness about hygiene across different regions. The global tray dryers market is segmented on the basis of type into thermic fluid-based tray dryers, steam-based tray dryers, hot air-based tray dryers, and electricity-based (or electric) ovens/dryer trays. The thermic fluid-based segment is expected to dominate the global market during the forecast period owing to its high efficiency and low operating costs as compared to other types of Tray Dryer systems. On the basis of application, the food processing industry accounted for majority share in 2017 owing to rising demand for processed foods across different geographies.
Product Definition:
A tray dryer is a type of industrial dryer used to remove water or other liquids from a product. The product is placed on trays that are then heated, causing the water or liquid to evaporate. The importance of tray dryers lies in their ability to quickly and efficiently remove moisture from products, making them ready for further processing or packaging. Tray dryers are often used in the food industry, but can also be found in other industries such as pharmaceuticals and cosmetics.
Thermic Fluid:
Thermic Fluid is a heat transfer fluid, which maintains the temperature of the product in an insulated container. It can be either used with cold or hot products. The major function of thermic fluid is to maintain and control the temperature of products during transportation and storage.
The global market for Thermic Fluid Tray Dryers was valued at USD 1,849.1 million in 2016.
Steam:
Steam is a vapor produced by hot water. It is usually found in combination with condensate, which comes from the reaction of steam and liquid. In dryers, steam plays an important role as it helps remove moisture or air from the clothes by causing condensation on the clothes and removing moisture through evaporation.
The amount of steam used in tray dryers depends upon certain factors such as load size, temperature control required for different fabrics etc.
Application Insights:
The pharmaceutical application segment led the global tray dryers market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The chemical processing industry uses this equipment for drying various chemicals, such as resins, oils, and fats that are used in manufacturing plastic containers and paints.
The food processing industry uses these machines for de-oiling processes during which vegetable oil is extracted from seeds or fruits using trays with rotating drums inside them. In pharmaceutical industries around the world, there are several processes taking place including tablet pressing where large amount of oil soluble drugs need to be dried quickly without any contamination or oxidation problems so they can be stored safely until they reach their destination either at home or abroad.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue and is anticipated to grow at a significant rate over the forecast period. This growth can be attributed to increasing demand from end-use industries, such as chemical processing, pharmaceuticals, food processing, nutraceuticals along with rapid industrialization and urbanization in emerging economies including China and India.
The Asia Pacific has witnessed an increase in Tray Dryer installations owing to their growing application across various end-use industries such as chemical & petrochemical; pharmaceutical; food & beverage; power generation coupled with rising investments by regional players for capacity expansion purposes. In addition, favorable government policies encouraging FDI are expected to boost foreign direct investments which would further drive industry growth over the next eight years.
Growth Factors:
- Increasing demand for processed food: The Tray Dryers market is driven by the increasing demand for processed food. This is because processed foods are easier to store and have a longer shelf life than fresh foods.
- Rising disposable income: Another key growth driver for the Tray Dryers market is rising disposable income, which allows consumers to afford more expensive products such as processed foods.
- Urbanization and changing demographics: Urbanization and changing demographics are also driving growth in the Tray Dryers market, as more people move to cities and have less time to cook meals from scratch. This has led to an increase in demand for convenient, pre-packaged foods that can be quickly prepared or eaten on the go.
- Technological advancements: The Tray Dryers market is also being driven by technological advancements, which are making these appliances increasingly efficient and affordable. This has helped boost their popularity among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tray Dryers Market Research Report
By Type
Thermic Fluid, Steam, Hot Air, Electricity
By Application
Chemical Processing, Pharmaceutical, Food Processing, Nutraceutical, Hospitals And Laboratory, Others
By Companies
Arizon Thermal Systems, Prakash Engineering Works, Kaleidoscope Climatic Solutions, Disha Engineering Works, Mark Maker Pharma Engineering, Karamson Engineering, Ultra Febtech, Bomby Pharma Equipments, Changzhou Chuangke Drying Granulating Equipment, Tianshui Huayuan Pharmacy Equipment Science and Technology, Aero Therm Systems, Pharma Basix
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Tray Dryers Market Report Segments:
The global Tray Dryers market is segmented on the basis of:
Types
Thermic Fluid, Steam, Hot Air, Electricity
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical Processing, Pharmaceutical, Food Processing, Nutraceutical, Hospitals And Laboratory, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arizon Thermal Systems
- Prakash Engineering Works
- Kaleidoscope Climatic Solutions
- Disha Engineering Works
- Mark Maker Pharma Engineering
- Karamson Engineering
- Ultra Febtech
- Bomby Pharma Equipments
- Changzhou Chuangke Drying Granulating Equipment
- Tianshui Huayuan Pharmacy Equipment Science and Technology
- Aero Therm Systems
- Pharma Basix
Highlights of The Tray Dryers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Thermic Fluid
- Steam
- Hot Air
- Electricity
- By Application:
- Chemical Processing
- Pharmaceutical
- Food Processing
- Nutraceutical
- Hospitals And Laboratory
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tray Dryers 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 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Tray dryers are a type of clothes dryer that uses a large metal tray to hold clothes as they dry. This allows the machine to move the clothes around more, which helps them to air-dry faster.
Some of the key players operating in the tray dryers market are Arizon Thermal Systems, Prakash Engineering Works, Kaleidoscope Climatic Solutions, Disha Engineering Works, Mark Maker Pharma Engineering, Karamson Engineering, Ultra Febtech, Bomby Pharma Equipments, Changzhou Chuangke Drying Granulating Equipment, Tianshui Huayuan Pharmacy Equipment Science and Technology, Aero Therm Systems, Pharma Basix.
The tray dryers market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tray Dryers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tray Dryers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tray Dryers Market - Supply Chain
4.5. Global Tray Dryers Market Forecast
4.5.1. Tray Dryers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tray Dryers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tray Dryers Market Absolute $ Opportunity
5. Global Tray Dryers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Tray Dryers Market Size and Volume Forecast by Type
5.3.1. Thermic Fluid
5.3.2. Steam
5.3.3. Hot Air
5.3.4. Electricity
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tray Dryers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Tray Dryers Market Size and Volume Forecast by Application
6.3.1. Chemical Processing
6.3.2. Pharmaceutical
6.3.3. Food Processing
6.3.4. Nutraceutical
6.3.5. Hospitals And Laboratory
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tray Dryers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Tray Dryers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Tray Dryers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Tray Dryers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Tray Dryers Demand Share Forecast, 2019-2029
9. North America Tray Dryers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Tray Dryers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Tray Dryers Market Size and Volume Forecast by Application
9.4.1. Chemical Processing
9.4.2. Pharmaceutical
9.4.3. Food Processing
9.4.4. Nutraceutical
9.4.5. Hospitals And Laboratory
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tray Dryers Market Size and Volume Forecast by Type
9.7.1. Thermic Fluid
9.7.2. Steam
9.7.3. Hot Air
9.7.4. Electricity
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Tray Dryers Demand Share Forecast, 2019-2029
10. Latin America Tray Dryers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Tray Dryers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Tray Dryers Market Size and Volume Forecast by Application
10.4.1. Chemical Processing
10.4.2. Pharmaceutical
10.4.3. Food Processing
10.4.4. Nutraceutical
10.4.5. Hospitals And Laboratory
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tray Dryers Market Size and Volume Forecast by Type
10.7.1. Thermic Fluid
10.7.2. Steam
10.7.3. Hot Air
10.7.4. Electricity
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Tray Dryers Demand Share Forecast, 2019-2029
11. Europe Tray Dryers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Tray Dryers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Tray Dryers Market Size and Volume Forecast by Application
11.4.1. Chemical Processing
11.4.2. Pharmaceutical
11.4.3. Food Processing
11.4.4. Nutraceutical
11.4.5. Hospitals And Laboratory
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tray Dryers Market Size and Volume Forecast by Type
11.7.1. Thermic Fluid
11.7.2. Steam
11.7.3. Hot Air
11.7.4. Electricity
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth otential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tray Dryers Demand Share, 2019-2029
12. Asia Pacific Tray Dryers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Tray Dryers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Tray Dryers Market Size and Volume Forecast by Application
12.4.1. Chemical Processing
12.4.2. Pharmaceutical
12.4.3. Food Processing
12.4.4. Nutraceutical
12.4.5. Hospitals And Laboratory
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tray Dryers Market Size and Volume Forecast by Type
12.7.1. Thermic Fluid
12.7.2. Steam
12.7.3. Hot Air
12.7.4. Electricity
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Tray Dryers Demand Share, 2019-2029
13. Middle East & Africa Tray Dryers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Tray Dryers Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Tray Dryers Market Size and Volume Forecast by Application
13.4.1. Chemical Processing
13.4.2. Pharmaceutical
13.4.3. Food Processing
13.4.4. Nutraceutical
13.4.5. Hospitals And Laboratory
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tray Dryers Market Size and Volume Forecast by Type
13.7.1. Thermic Fluid
13.7.2. Steam
13.7.3. Hot Air
13.7.4. Electricity
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Tray Dryers Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Tray Dryers Market: Market Share Analysis
14.2. Tray Dryers Distributors and Customers
14.3. Tray Dryers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Arizon Thermal Systems
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Prakash Engineering Works
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kaleidoscope Climatic Solutions
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Disha Engineering Works
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mark Maker Pharma Engineering
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Karamson Engineering
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ultra Febtech
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bomby Pharma Equipments
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Changzhou Chuangke Drying Granulating Equipment
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tianshui Huayuan Pharmacy Equipment Science and Technology
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Aero Therm Systems
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Pharma Basix
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
