The
global hand
dryer market is anticipated to reach around $1,930
million by 2026 according to a new research published by Polaris Market Research.
In 2017, the jet air hand dryer segment dominated the global market, in terms
of revenue. Europe was the leading contributor to the global market revenue in
2017.
Growing
concerns regarding environment, increasing need to reduce energy consumption,
and growing need for energy efficient equipment support the growth of hand
dryer market during the forecast period. There has been an increasing demand of
hand dryers from hotels and restaurants, airports, shopping malls, railway
stations, and commercial buildings among others has increased adoption of hand
dryers in the recent past. Additionally, energy efficient buildings and need to
reduce operation costs would boost growth during the forecast period. Other
factors supporting market growth include growing need to reduce wastage of
water and paper, increasing awareness, and technological advancements.
Furthermore, increasing investments by vendors in technological advancements
coupled with research and development further boost the hand dryer market growth.
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The demand
for advanced and energy efficient hand dryers has increased over the years
owing to increasing energy concerns, and environment consciousness across the
globe. The increasing awareness among consumers regarding use of energy
efficient and smart technology further boosts the adoption of hand dryers. The
rising awareness regarding use of eco-friendly solutions, development of smart
infrastructure, and increasing adoption of energy efficient buildings are
factors expected to promote the hand dryer market growth during the forecast
period.
Europe
generated the highest revenue in the hand dryer market in 2017. The increasing
awareness among consumers regarding use of energy efficient equipment, and
growing development of energy efficient buildings drive the market growth in
the region. Consumers are adopting hand dryers to increase energy efficiency,
and reduce operation costs. Numerous key players have adopted partnership and
expansion strategies to increase their market share in the markets of the
European region.
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The major
players in the hand dryer market includes Dyson
Ltd., Mitsubishi Electric Corporation, Jaquar & Company Pvt Ltd, American
Dryer, Inc., Panasonic Corporation, Excel Dryer, Inc., Bradley Corporation,
Saniflow Corporation, World Dryer Corporation, and Bobrick Washroom Equipment,
Inc. These companies launch new products and collaborate with other market
leaders to innovate and launch new products to meet the increasing needs and
requirements of consumers.
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Polaris Market Research
Phone: 1–646–568–9980
Email: sales@polarismarketresearch.com
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