- The key vendors in the global electric dryers market 2015-2019 are Electrolux, Whirlpool, General Electric, LG, and Samsung Electronics
London, 10 August 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global electric dryers market 2015-2019. The advent of Internet of Things (IoT) is a key trend observed in this market. The IoT is a network of physical objects equipped with sensors, electronics, software, and internet connectivity that exchange data with the manufacturers, operators, and other connected devices. It is expected that home appliances will soon be able to use the IoT to optimize the energy used by them. The global electric dryers market is expected to grow at a CAGR of 4.02% during the forecast period of 2014-2019.
Growing demand for electric dryers in North America is a major factor that is expected to augment the prospects for growth in this market. Recent developments in the market have resulted in the emergence of heat pump technology and the Energy Star certification, which are expected to drive the market during the forecast period. Also, the advent of products that use radio frequency and microwaves for drying clothes will boost the demand for energy-efficient dryers during the next five years.
“Various features in the control settings of the dryers allow the user to regulate the dryer cycle. Dryers are now available with moisture and temperature sensors which cause the machine to stop when moisture content in the exhaust is low. Vendors are also trying to improve on features like noise emissions and speed of drying along with energy efficiency,” says Faisal Ghaus, Vice President of Technavio Research.
“To prevent wear and tear, some dryers use steam to refresh outfits, remove wrinkles and odors. Eco-monitors on the LCD screens allow users to get acquainted with the energy used and the efficiency of the dryer.”
To define the market conditions 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%…
