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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 play a very important role in cleansing of hand and in sanitization. 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.
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Market Drivers:
Market Restraints:
Segmentation: Global Hand Dryers Market
By Product
By Operation Mode
By Mounting technique
By End User
By Geography
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Key Developments in the Market
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Competitive 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. The report includes market shares of hand dryers’ market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors/Players: Global Hand Dryers Market
Few of the major competitors currently working in hand dryers market are American Dryer, Dyson, ELECTROSTAR, Euronics Industries Pvt Ltd, SAVORTEX, Jaguar Group Sdn. Bhd., Excel Dryer., Panasonic Corporation, Mitsubishi Electric Corporation, SPL NZ., Bobrick Washroom Equipment, Inc., Saniflow, Taishan Jieda Electric Co., Ltd., World Dryer., Palmer Fixture Company, Hokwang Industries Co., Ltd., TOTO LTD., GROUPE JVD, Toshi Automatic Systems Pvt. Ltd., Penson & Co., European Tissue, Warner Howard, The Hygiene Company, Veltia UK, Euronics Industries Pvt Ltd, amongst others.
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