Electric Dryer Market Present Scenario And The Growth Prospects 2030

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.
Additionally, the ongoing technological advancements will also encourage the uptake of electric dryers worldwide. The energy labels of electric dryers range from A to G, wherein A represents the highest efficiency rate; whereas, G represents the lowest energy rate. As electric dryers consume a lot of energy, their manufacturers are proactively working toward obtaining enhanced energy labels through advanced technologies. The manufacturers are also making significant efforts to improve the control systems of electric dryers to enhance their efficiency.

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