Report ID: UCMIG20D2091
Report ID:
UCMIG20D2091 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
"By 2022, the market for Refrigerated Air Dryers is anticipated to grow to USD 1.59 billion. It is brought on by an increase in the quantity of industrial facilities in developing countries like China, India, Taiwan, and Brazil. Additionally, production and quality assurance processes are expected to become highly automated as a result of the adoption of new technology, such as sophisticated sensor-based dryers. With a minimal set of control instructions, sensor technology in these structures saves hard wiring and enables great precision. The technology has replaced conventional system switches and relays to fully automate the drying process.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electrical Components & Equipment by segment aggregation, the contribution of the Electrical Components & Equipment in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG20D2091