Global Spray Drying Equipment Market Analysis, Opportunity, Demand, Share, Size & Forecast
The global Spray Drying Equipment Market is expected to reach USD 5.91 Billion by 2028 in value terms, growing at a CAGR of over 7% during 2023-2028. The growth of the market is driven by the growing pharmaceutical, food & chemical industry, changing lifestyles, increasing population, growing urbanization, and increasing domestic income. Moreover, the growing trend for high investment in technological advancements to develop the equipment will further drive the spray drying pieces of equipment market. Based on geography, North America dominates the Global Spray Drying Equipment market due to growing health awareness among consumers, and the APAC region is expected to hold a significant market share during 2024-2028.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels, and presence of all major collaboration manufacturers across the globe.
TechSci Research calculated the market size of the Global Spray Drying Equipment market using a bottom-up approach, where data for various end-user industries and their application across various product types were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also used by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Attribute | Details | |
Base Year | 2022 | |
Historical Data | 2018 – 2021 | |
Estimated Year | 2023 | |
Forecast Period | 2024 – 2028 | |
Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023E-2028F | |
Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends | |
Segments Covered | · Type · Drying Stage · Flow Type · Application | |
Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa | |
Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Singapore, Malaysia, Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Qatar, Brazil, Argentina, Colombia | |
Key companies profiled | GEA Group AG, Dedert Corporation, SPX Flow Technology Denmark A/S, Acmefil Engineering Systems Pvt. Ltd., Buchi Labortechnik AG, European Spraydry Technologies Llp, Changzhou Lemar Drying Engineering Co. Ltd., Shandong Shungeng Drying Equipment Co. Ltd., C.E. Rogers Company. | |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. | |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options | |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
In this report, the Global Spray Drying Equipment market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
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