Industrial Drying Equipments Market in Europe to Reach US$974 Million by 2010, According to New Report by Global Industry Analysts, Inc.

San Jose, California (PRWEB) July 12, 2007 -- The European industrial drying equipments market (http://www.strategyr.com/MCP-1866.asp) is presently witnessing a mixture of intensifying competition, and rising quality standards in end-use industrial sectors. The challenges offered are numerous with the most important being the need to systematically address equipment technology drawbacks and plug-in product loopholes. The market opportunities in store, on the other hand, are lucrative, given the importance of drying being brought to the fore by key end-use industries like paper, pharmaceutical, chemical, agricultural and food processing sectors. Rest of Europe, defined in the study as comprising of Austria, Belgium, Bulgaria, Czech Republic, Denmark, Finland, Greece, Hungary, Ireland, Luxembourg, Norway, Poland, Portugal, Romania, Russia, Slovakia, Spain, Sweden, Switzerland, The Netherlands, and Turkey, offer ample opportunities for growth.

With countries like Germany, France and Italy showing signs of revived enthusiasm in this field, demand for advanced, highly efficient and intelligent industrial dryers is expected to spiral in the upcoming years, thereby encouraging manufacturer induced progress in the area of product development, operational efficiencies, and marketing strategies. Ongoing technology innovation will help encourage product replacements as end-users seek to modernize their plants with the latest state-of-the-art drying equipments designed to offer cutting edge advantages such as cost efficiencies, personnel safety, and environmental safety, among others. Increase in new equipment installations and rise in replacements in key end-use industries, will be triggered by the growing awareness among end-use industries about the importance and impact of drying on the quality of the final product. The continuous influx of numerous new domestic and overseas manufacturers into the European market will lead to intensified competition, and a gradual softening of equipment prices across the industry.

Germany tops the European market as the single largest individual regional market with a share of 25%, followed by France, Italy and the UK in that order. Specialty dryers market in Europe is led by Germany with a market size of approximately US$ 12.41 million in the year 2006. In France, direct Dryers market (http://www.strategyr.com/MCP-1866.asp) is the largest and the fastest growing and is forecast to rise by over US$ 8.67 million between the period 2007 to 2010, while in Germany, growth is the highest at an estimated CAGR of 7.22%. The United Kingdom is forecast to witness stagnant growth in the indirect dryers market (http://www.strategyr.com/MCP-1866.asp) with CAGR averaging to a meager 0.95% over the study's forecast period. Other stronger regional markets for indirect dryers include Germany, Italy, and France, among others. Growth in the specialty dryers market is driven by Germany, the United Kingdom, Eastern Europe, and France.

Dominant players in the industry include Andritz AG, Anhydro Group, Anivi Ingenieria SA, Bühler AG, Carrier Europe SCA, GEA Group Aktiengesellschaft, Glatt Corporation, Goudsche Machinefabriek BV, Mitchell Dryers Ltd, R. Simon (Dryers) Ltd, Waagner-Biro Binder AG, Hazemag & EPR GmbH, and KMPT AG, among others.

The report titled "Industrial Drying Equipments: A Global Strategic Business Report" provides a comprehensive review of market trends, drivers, issues, challenges, and technology developments. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in product groups, which include Direct Dryers, Indirect Dryers, and Specialty Dryers. Latent demand patterns in product markets are quantified across key regional markets in Europe including France, Germany, and United Kingdom, among others. Also included in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.

For more details about this research report, please visit www.strategyr.com/MCP-1866.asp.

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) (http://www.strategyr.com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

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