The Ministry of Tourism, Government of India, aims to develop infrastructure at important heritage and pilgrimage cities/destinations under its Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive (PRASHAD) Scheme, and improve its hotels and resorts under its Time Share Resort (TSR) Scheme. Similarly, the Government of Canada aims to strengthen the reputation of Canadian towns as world-class convention destinations under its Building Canada initiative. Thus, the rising focus of governments on creating improved infrastructure for tourist destinations and cities will create a huge requirement for electric dryers, globally.
Moreover, the huge investments being made by governments in infrastructure development will also strengthen the electric dryer market in the foreseeable future. For example, the Australian government allocated $2.5 billion to local councils under its Local Roads and Community Infrastructure (LRCI) Program in 2020. Likewise, the U.S. government aims to invest $0.64 trillion and $0.35 trillion for the development of infrastructure of airports and railways, respectively, between 2016 and 2040.
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In recent years, users have preferred heat pump dryers over solar cloth dryers, spin dryers, mechanical steam compression dryers, and condenser dryers, as heat pump variants are more efficient than others. An electric dryer contains a tumbling drum, which utilizes hot air to dry clothes. It also comprises coiled wires that are used to heat the air inside the electric dryer. Electric current is passed through coiled wires to heat the air. With the surging consumer awareness about the faster drying cycle of electric dryers, people around the world are shifting from open-air drying of clothes to these new machines.
In contemporary times, the electric dryer market is dominated by General Electric Company, Robert Bosch GmbH, LG Electronics Inc., Samsung Electronics Co. Ltd., Indesit Company, Crosslee PLC, Electrolux AB, and Whirlpool Corporation. These companies produce spin dryers, condenser dryers, heat pump dryers, mechanical steam compression dryers, and solar cloth dryers for hotels, hospitals, food processing and food service companies, malls, office buildings, and railway stations of Asia-Pacific (APAC), North America, Europe, and Rest of the World.
Therefore, the improving hospitality sector and the soaring infrastructure expenditure will encourage the use of electric dryers in the coming years.