Market Analysis: Global Hand Dryers Market Hand dryers market to rise to an estimated value of USD 1987.18 million by 2026, registering a healthy CAGR of 12.25% in the forecast period of 2019-2026.
The rise in the market value can be attributed to increasing demand for cost-effective, energy-efficient and environment friendly products and to the increased applicability in several end user industries.Market Definition: Global Hand Dryers Market Hand dryer are those electrical appliances that blow hot air when switched on to dry wet hands.
They are cost-effective, energy efficient and environmental friendly devices that inhibit and prevent the spread of pathogen, and hence are being extensively adopted in restaurants, hotels, offices, malls as a replacement to paper towel set ups.
In order to ensure maximum cleanliness and hygiene, and to prevent spread of contaminant diseases, they are installed in hospitals and clinics.Get More Insights About Global Hand Dryers Market, Request Sample @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-hand-dryers-marketMarket Drivers:Increasing demand of hand dryers from varied industries including airports, hotel and restaurants, hospitals, offices, shopping malls, food processing & service industry amongst a fewRising demand for environmental friendly and no-pollution/ emission products also boosts the growth of this marketIncreased demand for power saving and energy efficient devices fosters the growth of this marketIncrease in the number of restaurants and hotels result in the rising demand for hand dryers in such industries boosts the growthTechnological advancements and introduction of smart hand dryersRapid development of infrastructure, especially of the developing nations pave the way for the growth for this marketMarket Restraints:The cost of installation of hand dryers is relatively higher than simple paper towelsMicrobial cross-contamination caused by these hair dryers impact the health of usersNoise pollution at the time of installation hinders the growth of this marketSegmentation: Global Hand Dryers Market By ProductJet AirHot AirBy Operation ModeManual On-Automatic Off/ Push ButtonFully AutomaticBy Mounting techniqueSurface MountedWall MountedBy End UserAirportsHotel & RestaurantsHospitalsOfficesShopping MallsHealthcareFood Processing & ServiceEducation InstitutesCommon Public RestroomOthersBy GeographyNorth AmericaU.S.CanadaMexicoSouth AmericaBrazilArgentinaRest of South AmericaEuropeGermanyFranceUnited KingdomItalySpainRussiaTurkeyBelgiumNetherlandsSwitzerlandRest of EuropeAsia-PacificJapanChinaSouth KoreaIndiaAustraliaSingaporeMalaysiaIndonesiaThailandPhilippinesRest of Asia-PacificMiddle East and AfricaSouth AfricaEgyptSaudi ArabiaUnited Arab EmiratesIsraelRest of Middle East and AfricaKnow more about this report https://www.databridgemarketresearch.com/reports/global-hand-dryers-marketKey Developments in the MarketIn October 2017, Rexnord Corporation, in order to expand its customer base and be the leader in electrical plumbing, acquired the leading manufacturer of hand dryers, World Dryer Corporation.
This merger of World Dryer’s environmental friendly and energy efficient hand dryers with Rexnord’s water-efficient products, would not only lead to innovations and improvements in business, but would also lead to reduce cost of operations thereby, globally attracting customer towards their products.
This provides a technological advantage to Mrinalini Industries which would enable them to scale up their operations and expand globally with technologically advanced and developed products.Get Access Report @ https://www.databridgemarketresearch.com/checkout/buy/singleuser/global-hand-dryers-marketCompetitive Analysis: Global Hand Dryers Market Global hand dryers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.