Global Electric Dryers Market 2016-2020
About Electric Dryers
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.
Technavio’s analysts forecast the global electric dryers market to grow at a CAGR of 4.27% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global electric dryers market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sale of electric dryers (that come as only dryer units or as washer and dryer combined into one unit) to the residential consumer segment.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Electric Dryers Market 2016-2020
Technavio recognizes the following companies as the key players in the global electric dryers market: Electrolux, GE, LG Electronics, Samsung Electronics, and Whirlpool.
Other Prominent Vendors in the market are: Arçelik, Asko, Crosslee, Gorenje, Haier¸ Hoovers, Kenmore Appliances, Midea, Miele¸ Panasonic, Robert Bosch, and Smeg.
Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be noise reducing feature in electric dryers. Earlier, household dryers were usually placed in basements or specific laundry rooms. Thus, the noise produced by the appliance did not really bother consumers. However, with the increase in buildings and upscale apartments, communal laundry rooms have been replaced with personal units for each consumer, which are placed near their kitchens, dining rooms, or living rooms. Consumers hear the operational noise on a daily basis. In order to avoid this issue, players are increasingly focusing on noise reduction features while manufacturing electric dryers. For instance, in 2016, Whirlpool came up with a washer dryer set with ultra-noise reduction technology in order to keep the sound produced by dryers inside the machine and out of consumers' living spaces.”
According to the report, one of the key drivers for market growth will be rise in dryers with clothing-specific care options. In order to meet the needs of their consumers, electric dryer vendors have created many innovative products over time. These innovations are related to every aspect of the product. There is enhancement in technology, and players are trying to come up with efficient and more clothing-specific care options so that delicate clothes can be dried with the necessary degree of care. Features like steam refresh, delicate cycle, moisture sensor, sanitize cycle, and others are commonly found in electric dryers nowadays. These upgraded features are enticing consumers to buy new electric dryers.
Further, the report states that the fires from electric dryers can occur due to improper installation and maintenance. Wet clothes in the drum of the dryer are dried by moving hot air. In the process, lint is formed. Lint consists of small fibers and debris from the clothes. It is highly combustible in nature, and tends to accumulate in the dryer's filter and vent. Accumulation of lint causes reduced airflow and can be hazardous. The blockage of vents can also occur due to debris from birds and animals. In such instances, overheating can lead to fire hazards. In the US, nearly 2,900 clothes dryer fires were reported in residential buildings between 2008 and 2010. It is a challenge for vendors to manufacture dryers with efficient designs so that such incidents can be avoided and this poses a challenge for the market.
Electrolux, GE, LG Electronics, Samsung Electronics, Whirlpool, Arçelik, Asko, Crosslee, Gorenje, Haier¸ Hoovers, Kenmore Appliances, Midea, Miele¸ Panasonic, Robert Bosch, Smeg.