Electric Clothes Dryer Market

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6. MarketOverview The Global Electric Clothes Dryer Market Size Was Valued At USD 13.1 Billion In 2021. The Market Is Expected To Grow By USD 19.3 Billion By 2030, At A CAGR Of 6%. MarketDynamics Clothes dryers have become popular in developing countries and are widely used in developing countries. An electric dryer is a machine that can dry quickly by removing moisture from fabrics after washing. This unit sits next to the washing machine so you can quickly transfer clothes from washer to dryer. The tumbler in these dryers can be heated by electricity or gas to dry clothes quickly. Condensing dryers suck moisture from clothing and collect it at the bottom of the machine for later disposal, while ventilated dryers draw in atmospheric air and heat it to dry clothing. Household washing and drying machines account for a significant portion of the world market, but companies such as hotels and hospitals also use washing and drying machines extensively.

7. Regional Analysis • The North America region is expected to dominate the forecast period owing to rising consumer preference for smart homes. Moreover, rising consumer preference for high-end home products is expected to further boost the product consumption rate. For example, according to Smart Home Technology According to a report by Usage, Satisfaction and Purchase Intent 2020, the number of households eager to purchase new smart home devices exceeds 80 million within a year. According to the survey, about 64% of respondents said that 606 U.S. decision makers plan to purchase new smart technologies . • Increase in the number of high-income individuals further drives the market growth. For example, the total number of people with income, regardless of work experience, increased by about 2.2 million between 2018 and 2019, according to the U.S. Census Bureau.

8. The Electric Clothes Dryer Market has been segmented into: • ByApplication • Residential, Commercial • ByType • Vented Electric Clothes Dryer, Non- Vented Electric Clothes Dryer

9. Strategic Development : • In October 2021 - LG released a dual inverter heat pump dryer with Smart ThinQ feature. Available in both online and offline stores.

10. Market Players • Amana, • Maytag, Frigidaire, • Bosch, LG, Electrolux, Indesit, • Kenmore, Haier, Samsung, Beko, • Miele, Siemens, Zanussi, Hoover, • And Others.

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