London, 21 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Electric Hand Dryer Market 2014-2018, which is expected to grow at a CAGR of 10.41 percent during the forecast period of 2013-2018.
“Rapidly changing technology and changes in consumer preferences are forcing vendors to deliver innovative electric hand dryers not only with enhanced looks, but also that can provide quick, hygienic, and noise-free drying of hands,” says Faisal Ghaus, Vice President of TechNavio.
“Customers are increasingly interested in hand dryers that dry hands in a short span of time. New models of hand dryers take 10-11 seconds to dry hands whereas old models used to take 40 seconds.”
Key Market Drivers
- Increased Demand for Eco-friendly Appliances
- Improved Cleanliness
- Cost-effectiveness
Key Market Trends
- Increase in R&D Innovation
- Increase in Demand from APAC Region and ROW
- Better Confidence in Model
Key Market Vendors
- American Dryer Inc.
- Dyson Ltd.
- Excel Dryer Inc.
- Mitsubishi Electric Corp.
- SANIFLOW Corp.
- World Dryer Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
