Electric Hand Dryer Market to Attain Valuation of US$ 5.5 Bn by 2031, Finds TMR Study

ALBANY, N.Y., Feb. 7, 2022 /PRNewswire/ -- Analysts at TMR estimate the electric hand dryer market to expand at a CAGR of 8% during the forecast period from 2021 to 2031. Manufacturers in the electric hand dryer market are engaging extensively in innovation, especially to boost sales during the ongoing COVID-19 pandemic. ALBANY, N.Y.,Feb. 7, 2022/PRNewswire/ -- Analysts at TMR estimate theelectric hand dryer marketto expand at a CAGR of 8% during the forecast period from 2021 to 2031...

ALBANY, N.Y., Feb. 7, 2022 /PRNewswire/ -- Analysts at TMR estimate the electric hand dryer market to expand at a CAGR of 8% during the forecast period from 2021 to 2031. Manufacturers in the electric hand dryer market are engaging extensively in innovation, especially to boost sales during the ongoing COVID-19 pandemic.

Conventional hand dryers are associated with outdated technology that rely on the evaporation to dry hands. This is driving the attention of manufacturers to boost R&D in high-speed sheets of unheated air for quick drying of hands. High-speed sheets of unheated air are fast and use less electricity in comparison with traditional hand drying machines.

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The economic benefit of electric hand dryers over paper towels and tissues benefits the electric hand dryer market. Scientific evidence of ability of some electric hand dryers to retain most of the germs harmful to human health is driving the interest of product manufacturers to further engage in product development. For instance, companies are increasing R&D in self-cleaning internal UV protection technology in machines.

Asia Pacific held the leading share of the electric hand dryer market in 2020. North America electric hand dryer market is anticipated to display the leading CAGR during the forecast period. Factors such as increasing adoption of new technologies for improved products and rising promotional activities are fueling the growth of the electric hand dryers market in the region.

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Electric Hand Dryer Market – Key Findings of Report

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Electric Hand Dryer Market – Growth Drivers

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Electric Hand Dryer Market – Key Players

Some of the key players operating in the electric hand dryer market are;

The electric hand dryer market is segmented as follows;

Electric Hand Dryer Market, by Type

Electric Hand Dryer Market, by Operation

Electric Hand Dryer Market, by Price

Electric Hand Dryer Market, by End-user

Electric Hand Dryer Market, by Distribution Channel

Electric Hand Dryer Market, by Region

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