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Electric Dryers Market Size By Application, Industry Analysis Report, Regional Outlook (Europe, North America, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Share & Forecast 2023 - 2030

ID : MRU_52374 | Date : Jan, 2023 | Pages : 192 | Region : Global

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In order to prevent wear and tear, electric dryers use steam to get rid of wrinkles, and remove odor. Eco-monitors on the LCD screens tell users about the energy used and efficiency of the dryer. Some electric dryers are also equipped with self-cleaning abilities such that the dryer is cleaned with the condensed water. With the frequency of fires caused by electric dryers, it is essential for vendors to incorporate this technology which will prevent the accumulation of lint and lower energy consumption.
The analysts forecast the global electric dryers market to grow at a CAGR of 3.9% during the period 2018-2022.
One of the significant trends observed in the market is the introduction of innovative features in electric dryers, such as the use of smartphones to control appliances and wrinkle reduction technology. The use of smartphones will allow consumers to diagnose problems and communicate with the manufacturer conveniently through text alerts. The vendors will be investing in technology and innovation to come up with a mechanism within electric dryers that implements tumbling after a cycle to prevent clothes from wrinkling.
The market appears to be highly competitive, and few major players control the level of competition. The businesses will invest in innovation of technology and products to provide unique features, quality, and price to maintain themselves in the market. Also, increasing collaborations between players and the adoption of marketing techniques to distinguish their product and service offerings will be a few practices used by businesses to survive in the market during the forecast period.
The Global Electric Dryers Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023-2030.
As the report focuses on global Electric Dryers Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.

in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.

In Market segmentation by manufacturers, the report covers the following companies-
Electrolux
GE
LG Electronics
Samsung Electronics
Whirlpool
Arçelik
Asko
Crosslee
Gorenje
Haier¸ Hoovers
Kenmore Appliances
Midea
Miele¸ Panasonic
Robert Bosch
Smeg

In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types covers:
Vented electric dryers
Ventless/condenser dryers

In Market segmentation by applications :
Speciality retailers
Hypermarkets, supermarkets, and departmental stores
Others (discount stores, general merchandisers, and online)

Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Electric Dryers Market for the forecast period 2023-2030?
• What are the driving forces in the Electric Dryers Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Electric Dryers industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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