DUBLIN, August 16, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Gas Dryer Market 2016-2020" report to their offering.
The global gas dryer market is forecast to grow at a CAGR of 4.31% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: The growing demand for energy Star certified gas dryers will be a key trend for market growth. A dryer needs to be at least 20% more efficient than conventional dryers to get an Energy Star certification. In the US, the usage of certified dryers can help people save operating expenditure by nearly $1.6 billion each year. The certification would require the approval of an EPA-recognized third party. Energy Star certified gas dryers are gaining popularity among end-users as they are sustainable. The growing demand for Energy Star labeled gas dryers has encouraged key players like GE, Electrolux, and Whirlpool to venture into this category.
According to the report, one of the key drivers for market growth will be rise in electricity prices in residential segment of developed countries. Dryers are considered to be one of the most expensive home appliances as they consume approximately 6% of total electricity usage in homes. The increase in electricity prices in the residential segment of various developed countries is a major concern among consumers and has led to the popularity of gas dryers over electric dryers. The operating cost of gas dryers is lower than electric dryers since gas dryers use gas burners to produce heat whereas electric dryers use heating coils.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- LG Electronics
- Alliance Laundry Systems
- Sears Holdings
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Geographical segmentation
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Other prominent vendors
PART 15: Appendix
PART 16: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/gq53nc/global_gas_dryer
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets