Spare Drying Equipment Market: By Product Type (Rotary Atomizer, Nozzle Atomizer, Fluidized and Centrifugal) and Forecasts to 2030
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Product Overview
Spare drying facilities are used to remove the moisture content from the product. A basic spare drying process consists of dispersing a liquid/slurry in the form of small droplets and then bringing it into contact with a *** gas. The *** gas causes all the moisture from the droplets to evaporate and we eventually get our product in the form of grains. The most popular spare dryer equipment design consists of a long column/vessel with the top-end slurry dispenser and *** gases circulating from bottom to top fashion. Spare drying is one of the fundamental operations of any chemical process industry and when the product is heat sensitive, it is the preferred drying method. In the food and pharmaceutical industry, it has finds immense applications.
Market Highlights
Spare Drying Equipment Market is expected to project a notable CAGR of 5.9% in 2030.
Spare Drying Equipment Market to surpass USD 7.5 billion by 2030 from USD 4.2 billion in 2018 at a CAGR of 5.9% throughout the forecast period, i.e., 2019-30. The growing pharmaceutical, food, and chemical industries are driving the growth of the global market for spare-drying equipment. Some macroeconomic factors that have a positive impact on the global market for spare drying equipment include rapid urbanization, population growth, lifestyle change, and domestic revenue growth. The high investment in technological advances to develop the equipment is the trend identified in the worldwide spare drying equipment market. In Asia Pacific, the market players in spare drying equipment have a significant opportunity due to the rapidly growing pharmaceutical industry. Global market players in spare drying equipment also have the potential to penetrate the market through the application of the food industry, such as food encapsulation.
Spare Drying Equipment Market: Segments
Fluidized segment to grow with the highest CAGR during 2019-30
Spare Drying Equipment Market is segmented by product type as rotary atomizer spare dryer, nozzle atomizer spare dryer, fluidized spare dryer, closed-loop spare dryer, centrifugal spare dryer. The greater market share of 41.3% in 2018 was accounted for by the nozzle atomizer segment of the Spare Drying Equipment market owing to the substantial adoption of equipment based on nozzle atomizer to produce coarser and free-flowing powders. Besides, nozzle atomizer dryers can also be used to offer a broad range of flow rates in conjunction with multiple nozzle installations. For applications that require optimum flow rates and involve the production of flexible particle sizes, these are therefore the ideal option. On the other hand, it is expected that the increasing need to reduce the moisture content during the processing of pharmaceutical products and to achieve optimum quality and fine granular particles during the processing of food products will trigger the adoption of fluidized dryers during the forecast period. One of the main factors that have led to an increase in demand for rotary atomizers is their capacity to produce uniform and fine particle size for non-viscous fluids.
The multi-stage Segment to grow with the highest CAGR during 2019-30
Spare Drying Equipment Market is segmented by stage into multistage, two-stage, and single stage. The two-stage segment accounted for the largest market share of more than 39.1% in 2018 and is estimated to maintain dominance in the future. Because of lower production costs, this can be attributed to increasing demand for these dryers across different industrial applications without compromising product quality. Due to the benefits offered by this equipment, such as the ability to process varying volumes of feedstock, two-stage dryers are usually used by medium- and large-scale industrial manufacturers. However, due to its advantages, the multi-stage product segment is expected to register the highest CAGR over the forecast period, such as the ability to control the pressure drop instantaneously between the first and final stages of the spare drying process and to produce dust-free agglomerated products with optimum dispensability.
Spare Drying Equipment Market: Market Dynamics
Drivers
Increase in the consumption of processed and RTE Foods
Ready-to-eat (RTE) foods, as the name suggests, refer to that form of food products derived from animals or plants, or a combination that can be offered after pre-washed, pre-cooked, processed, and frozen to customers. They do not, therefore, require elaborate processing before consumption by end-consumers; thus, saving their time and energy. Besides, changes in consumers’ lifestyles over the last decade have led to high demand for processed and ready-to-eat food products due to rapid urbanization. A sharp rise in levels of dual-income, living standards, and the demand for comfort has also led to an increase in consumers’ busy lifestyles. The significant increase in demand for maltodextrin has led to an increase in the use of spare dryers among food additive manufacturers, reflecting positively on the market for spare drying equipment.
Investments in Brownfield and Greenfield Establishments
The global spare drying equipment industry has seen significant investments in brownfield and Greenfield establishments across various verticals. In the niche industry of spare drying equipment on the back of over 900 brownfields and Greenfield food, chemical, and pharmaceutical facilities, both developed and developing economies are gaining immense traction. It is also anticipated that increasing product use in the pharmaceutical and nutraceutical industries in the manufacture of antibiotics, penicillin, enzymes, and whey proteins will drive the market over the forecast period. Nevertheless, technological advances are enabling manufacturers to develop products that are energy-efficient and free from emissions of hazardous gases, opening up significant opportunities for the market to grow.
Restrain
High installation and operational cost
The spare drying of the required equipment and its continuous operations is offered at high costs. The main auxiliary equipment is equally costly, regardless of the type of atomizer and the capacity of the dryer. Due to the large volume of *** air that circulates in the chamber without contacting the particles, spare dryers generally have low thermal efficiency. Additionally, for atomizing, spare dryers that use two-fluid nozzles require compressed gas. The high energy and pressure requirements have already added to the overhead costs without taking into account labor and maintenance costs.
Spare Drying Equipment Market: Regions
Spare Drying Equipment Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.
Spare Drying Equipment Market in North America held the largest market share of 30.2% in the year 2018 due to the rapid adoption by key businesses of new and emerging technologies to improve overall efficiency and ensure optimum product quality. Moreover, higher R&D capabilities in the U.S. across different industries, such as pharmaceutical and nutraceutical, led to increased adoption of these devices. During the forecast period, the Asia Pacific region is projected to grow at the highest CAGR. The market in this region is mainly driven by the growing demand among consumers for nutritional products such as infant food and milk powder. In the Asia Pacific region, China is estimated to hold the largest market share for spare drying equipment. The nation is also one of the world’s major food and **** encapsulation markets; the market here is projected to grow significantly in the coming years.
Competitive Landscape:
The Spare Drying Equipment market, which is highly competitive, consists of several major players such as GEA Group AG (Germany), SPX Flow (US), Shandong Tianli Drying Technology & Equipment (China), European Sparedry Technologies (UK), hold a substantial market share in the Spare Drying Equipment market. Other players analyzed in this report are Buchi Labortechnik AG (Switzerland), and Labplant (UK), Advanced Drying Systems (India), Freund Vector Corporation (US), Dedert Corporation (US), Carrier Vibrating Equipment Inc. (US), and Yamato Scientific America (US), Tetra Pak International SA (Switzerland), G Larsson Starch Technology AB (Sweden), Hemraj Enterprise (India), and Acmefil Engineering Systems Pvt. Ltd. (India) among others.
The market competition has been stepped up by the availability of many players offering Spare Drying Equipment. In May 2018, Dedert Corporation opened a new food-grade spare test facility in Illinois. This would help the company to increase its customer base in the US market.
Spare Drying Equipment Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Spare Drying Equipment Market: Key Players
Acmefil
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Buchi Labortechnik AG
C. E. Rogers
Changzhou Lemar Drying Engineering Co. Ltd.
Dedert Corporation
European Sparedry Technologies LLP
GEA Group AG
New AVM Systech
Shandong Tianli Drying Technology and Equipment
Spare Drying Equipment Market report also contains analysis on:
Spare Drying Equipment Market Segments:
By Product Type:
Rotary Atomizer
Nozzle Atomizer
Fluidized
Centrifugal
By Stage:
Single-Stage
Two-Stage
Multi-Stage
By Flow Type:
Co-Current Flow Spare Dryers
Counter-Current Flow Spare Dryers
Mixed Flow Spare Dryers
By Application:
Food & Dairy
Pharmaceuticals & Nutraceuticals
Chemical
Others
Spare Drying Equipment Market Dynamics
Spare Drying Equipment Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Browse our full report with Table of Content: https://www.bharatbook.com/report/882700/spare-drying-equipment-market-by-product-type-rotary-atomizer-nozzle-atomizer-fluidized-and-centrifugal-by-stage-single-stage-two-stage-and-multi-stage-by-flow-type-co-current-counter-current-and-mixed-flow-by-
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