The global solar dryer market is currently valued at US$ 2.64 billion, and by the end of 2032, it is expected to grow at a remarkable CAGR of 6.1% to reach US$ 4.76 billion. The solar dryer market refers to the industry that produces and sells solar-powered drying systems used for drying various products such as fruits, vegetables, grains, and herbs. Solar dryers use the energy from the sun to dry products, reducing the need for traditional drying methods that rely on electricity or fuel.
The market for solar dryers has been growing in recent years due to increasing awareness of the benefits of sustainable and eco-friendly technologies. Solar dryers are not only cost-effective but also reduce carbon emissions and provide a more efficient way of preserving food and agricultural products.
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The market for solar dryers is driven by several factors, including increasing demand for food preservation, rising energy costs, and growing concerns about the environment. Additionally, the growing popularity of solar energy as a viable alternative to traditional sources of energy is also contributing to the growth of the solar dryer market
Key Takeaways from Solar Dryer Market Study
- The market is anticipated to reach a US$10.01 billion global market size by the end of 2022.
- In 2022, North America generated more than 33.5% of global sales.
- Hardware-based digital transaction management systems are expected to rule the market in 2022, accounting for more than 40.5% of total revenue.
- The electronic signatures market category produced more than 38.4% of market revenue in 2021.
- In 2022, major businesses will account for almost 55.5% of market revenue.
Top manufacturers are aiming to produce a wide standard of products that may help meet the changing demands from diverse end-use industries for value-added products and lessen the negative effects on the environment.
- For instance, Rudra Solar Energy has developed a hybrid solar dryer that can function even when there is no sunlight by turning on a less-powerful electric heater.
- Furthermore, industry players are attempting to expand their clientele by offering collaboration platforms that enable clients to communicate directly with their technical staff. To broaden their portfolios and add more expertise, market leaders are focussing on forging alliances and buying small and medium-sized businesses.
- The partnership between Malnutrition Matters and SolarFlex Inc. to develop a cutting-edge solar fruit and vegetable dryer with a flexible design and an affordable price point is one example.
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Key Companies Profiled
- Rudra Solar Energy
- My Solar Dryer
- Radha Solar Dryer
- Focusun Energy Systems
- Malnutrition Matters
- Solar Brother
Regional analysis for Solar Dryer Market
- North America: The solar dryer market in North America is driven by the growing demand for sustainable and eco-friendly technologies. The United States is a major market for solar dryers due to the increasing adoption of solar energy and the need for food preservation in the region.
- Europe: Europe is another major market for solar dryers due to the region’s focus on reducing carbon emissions and increasing energy efficiency. Countries such as Germany, France, and Italy are key markets for solar dryers, driven by government incentives and subsidies for renewable energy technologies.
- Asia-Pacific: The Asia-Pacific region is expected to experience significant growth in the solar dryer market due to the region’s large agricultural sector and high demand for energy-efficient technologies. Countries such as India, China, and Japan are expected to be major markets for solar dryers.
- Middle East and Africa: The Middle East and Africa region is a growing market for solar dryers, driven by the need for sustainable technologies in the agriculture sector and the abundance of sunlight in the region. Countries such as Morocco, South Africa, and Egypt are expected to be key markets for solar dryers in the region.
- Latin America: Latin America is another emerging market for solar dryers due to the region’s growing agriculture sector and the need for sustainable technologies. Countries such as Brazil, Mexico, and Argentina are expected to be major markets for solar dryers in the region.
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Key Questions Covered in the Solar Dryer Market
- What is a solar dryer, and what are its benefits over traditional drying methods?
- What are the different types of solar dryers available in the market, and how do they differ from each other?
- What are the various applications of solar dryers, and which application segment is expected to grow at the highest rate?
What are the major drivers, challenges, and opportunities in the solar dryer market, and how are they expected to impact the market growth?