January 13, 2020 by Amanpreet
Global Spray Drying Equipment Market - A Report by Fact.MR
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global spray drying equipment market. The spray drying equipment market report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth. Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the spray drying equipment market report elaborates the market behavior of each vendor operating in the spray drying equipment market.
Increasing penetration of automation in spray drying equipment is creating attractive and tangible opportunities for prominent manufacturers, helping the spray drying equipment market register a modest CAGR of 4% over the forecast period (2019-2027). High energy output in large as well as mobile spray dryers is maximizing sales of global spray drying equipment.
The availability of a large number of spray dryers and their suitability for all material variants has resulted in significant demand from end-use industries. In addition, spray dryers are showcasing maximum penetration among the various types of industrial dryers and account for around 1/3rd of overall sales among industrial dryers.
Key spray drying equipment manufacturers are highly focused on adopting China plus one strategy by expanding their sales footprint outside China, mainly in India and ASEAN countries. Also, an increasing number of end-use industry projects in India and ASEAN countries will bolster the sales of global spray drying equipment market by 1.3x over the forecast period.
In addition, with OEMs and aftermarkets playing a pivotal role in the spray drying equipment market, manufacturing of spray dryers will catalyze growth prospects for manufacturers in global spray drying equipment market. Furthermore, economic imbalance and volatility in the industrial automation sector have thwarted the growth of the spray drying equipment market over the historical period, however, the long-term outlook seems promising across different verticals.
The spray drying equipment market report considers the following years to present the overall market growth:
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Key findings of the spray drying equipment market study:
On the basis of type, the spray drying equipment market study consists of:
On the basis of end use industry, the spray drying equipment market study incorporates:
On the basis of region, the spray drying equipment market study contains:
Key players analyzed in the spray drying equipment market study:
Queries addressed in the spray drying equipment market report:
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