Solar Dryer Market Sales Create Significant Incremental Opportunity Over 2032
The global solar dryer market is estimated at US$ 2.64 billion in 2022 and is expected to expand at an impressive CAGR of 6.1% during the 2022-2032 forecast years, as per Fact.MR.
September 02, 2022. By News Bureau
The two key pillars of sustainability are the environment and the economy. Solar dryers are most suited for sustainable development, which aims to meet human needs without endangering the environment.
There are several opportunities for manufacturers of solar dryers in the short-term period as a result of rising global awareness of sustainability and innovation.
In vivid industries such as agriculture, food processing, textiles, pharmaceuticals, and many more, the use of solar dryers has considerably increased.
Additionally, the utilization of solar dryers can substantially minimize post-harvest losses for small-scale producers, increase food quality, creating revenue opportunities, and addressing the worldwide issues of hunger and food security.
Besides, industries such as food processing, textile, agriculture, pharmaceuticals, and others are also changing the direction of their energy supply as the world pushes for greener initiatives.
As such, the market for solar dryers is anticipated to provide an absolute dollar opportunity of US$ 2.26 billion by 2032, on the back of their broad usage across the world.
“Technological advancements in solar dryers expected to reflect attractive near-term opportunities for market players,” says a Fact.MR analyst.
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