• Stacy Lawlor

Global Electric Clothes Dryer Market Size to reach $25.1 billion by 2028


Global Electric Clothes Dryer Market Size to reach $25.1 billion by 2030

The Global Electric Clothes Dryer Market Size was valued at $14.8 billion in 2020, and is projected reach $25.1 billion by 2028, registering a CAGR of 4.0% from 2021 to 2028. Cloth dryers have become popular in developing countries and are widely used in developing countries.

Electric Clothes Dryer Market

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The growth of global electric clothes dryer market has been aided by rising customer demand for electric dryers that dry clothes quickly. When compared to typical air-drying methods, such moisture-removing technology-based appliances can help users dry their items faster. Electric dryers have evolved into major household appliances. It incorporates a droplet and dries clothes with thermal air. The air inside an electric dryer is heated by an electric current through spiral wires. Customers become aware of the faster drying cycle for electric dryers when compared to clothes-line open-air drying. Clothing drying in the open air has a negative weather effect, however an electric dryer can be used even in severe weather. Individuals who want to purchase consumer appliances can do so with ease thanks to the e-commerce company. Due to operational restrictions in the commercial business, demand and sales have been slightly reduced since the outbreak of the pandemic.


Consumer demand for energy-efficient electric dryers is driving the global market for electric dryers. Consumers are looking for energy-efficient dryers to reduce their electricity usage and save money on their utility bills. Manufacturers hope to use efficient electricity dryers to address the growing need for energy-saving devices with features including drying speed, energy efficiency, and noise emissions. In addition, in the next years, greater emphasis will be paid to heat pump dryers that use less energy. Electric dryers have a limited market growth potential due to high electricity consumption and a costly initial investment. Manufacturers, on the other hand, have focused on technology developments in order to enhance energy labelling. Through technological advancements, the latest generation of electric dryers includes intelligent features such as humidity sensors and LED interfaces. Many governments and non-governmental organizations (NGOs) support energy-efficient equipment as the world's population expands, urbanization develops, resources diminish, and electricity prices rise. Users have been able to invest in certified ENERGY STAR electric dryers as a result of the programme to promote energy-efficient equipment, cutting their total power usage.


The fully-automatic segment is expected to dominate the market share of global electric clothes dryer market owing to the shifting of consumer preference for fully-automatic due to their busy lifestyle and to reduce electricity bill. The condenser is expected to dominate the market share of global electric clothes dryer market owing to the increasing usage of condenser dryer as its energy efficient and provide high drying speed. The residential is expected to dominate the market share of global electric clothes dryer market owing to the compact-sized laundry devices are becoming more popular among household users. The offline segment is expected to dominate the market share of global electric clothes dryer market owing to the easy availability in their proximity and rising number of specialty stores and supermarkets.

Electric Clothes Dryer Market

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North America region is expected to dominate the market share owing to the growing preference for smart homes are preferred. In addition, rising consumer preference for high-end domestic products is likely to boost product consumption even further. According to a survey from Smart Home Technology Usage, Satisfaction, and Purchase Intent 2020, the number of households planning to buy a new smart home gadget in the next year is expected to reach over 80 million. However, Europe region is expected to witness highest growth rate during the forecast period of global electric clothes dryer Market due to the consumer demand for innovative technology-based appliances is growing. In Germany, the United Kingdom, and France, evolving significant firms' supply chain channels and production capacities are primarily producing lucrative prospects for them in product diversification-related operations, resulting in soaring dryers' sales growth in Europe.


KEY INDUSTRY DEVELOPMENTS:


October 2021- LG has launched dual inverter heat pump dryer which is equipped with Smart ThinQ features. It is available both online and offline stores.


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https://extrapolate.com/Semiconductor-Electronics/Electric-Dryers/25651

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