Electric Dryers Market Competition by Manufacturers, Technological Development and Trends 2022
Global Electric Dryers Market is expected to grow at a significant
CAGR in the upcoming years as the scope and its applications are increasing
across the globe. The factors that propel the growth of the Electric Dryers Industry include increasing demand, rapid
urbanization & industrialization, technological innovations, product
development, and a wide range of applications.
Electric Dryers Market is classified on the basis of product type,
applications, distribution channel, and geography. Electric Dryers Industry is
segmented by product type as vented electric dryers, ventless /condenser dryers
and others. Electric Dryers Market is classified on applications as factory,
home, lab, and others. Electric Dryers Industry is segmented by distribution
channel as online stores, specialty stores, hypermarkets, supermarkets,
departmental stores and others. Electric Dryers Market is classified on the
basis of geography as North America, Latin America, Western Europe, Eastern
Europe, Asia Pacific, Japan and Middle East and Africa.
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The North American region consists of the U.S., and Canada. Latin
America region consists of Mexico and Brazil. The Western European region
consists of Germany, Italy, France, England and Spain. The Eastern European
region consists of Poland and Russia. Asia Pacific region consists of China,
India, ASEAN, and Australia & New Zealand. The Middle East and African
region consists of GCC, South Africa and North Africa.
By geography, North America is projected to account a major share
of the Electric Dryers Market. The key factor that fuels the growth of this
region is owed to technological innovations. Some of the key players that fuel
the growth of the Electric Dryers Market include Arcelik, Asko, Hoovers,
Crosslee, Haier, Electrolux, GE, Gorenje, Kenmore Appliances, LG, Samsung,
Whirlpool, and others. The key players are focusing on inorganic growth to
sustain themselves amidst fierce competition. As such, mergers, acquisitions,
and joint ventures are the need of the hour.
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