According to the report, Rising Awareness of the Use of Eco-Friendly Appliances and Energy Efficient Product is one of the primary growth factors for the market. Increasing Environmental Concerns due to the Massive Volume of Paper Towel Waste
is also expected to contribute significantly to the Electric Hand Dryer market. Overall, Hotels and Restaurants
applications of Electric Hand Dryer, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.
AMAs Analyst on the Global Electric Hand Dryer Market identified that the demand is rising in many different parts of the world due to "Economic Development & the growth of the Hospitality, Healthcare, and Education Sectors in Emerging Economies". Furthermore, some recent industry insights like "On 18th November 2019, Dyson has launched the Dyson Airblade 9kJ hand dryer, a fast energy efficient HEPA-filtered hand dryer. Dyson Airblade 9kJ hand dryer enables people to dry their hands quickly and hygienically while using low energy and offering an alternative to single-use paper towels." is constantly making the industry dynamic. One of the challenges that industry facing is "Noise Level of the Electric Hand Dryer is High"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Electric Hand Dryer market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Electric Hand Dryer market and other related sub-markets covered in the study.
o Key & emerging players in the Electric Hand Dryer market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Electric Hand Dryer market size is calculated using market estimation process, the Electric Hand Dryer market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Electric Hand Dryer market size has been validated using both top-down and bottom-up approaches.