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6th February 2020Global Hand Dryers Market Research Report Presents Intellect by Leading Players Gary Payton Jersey , Type, Applications, Distribution Channel, Consumption, Revenue (MnBn USD) and Regiot to 2024.
> The global Hand Dryers Market size is expected to value at USD 1.59 billion by 2024. The market is subject to witness a substantial growth due to the growing adoption in various end-user industries such as hotels and restaurants, office buildings, educational institutes Shawn Kemp Jersey , shopping & commercial complex and multiplexes, railway station, and airports. In addition, environmental and economic advantages offered by hand dryers are expected to drive market demand for automated hand dryers.
Additionally, factors responsible for robust growth in the hand dryers include growing demand for better hygiene in both residential and commercial applications and increasing need for cost-effective cleaning solutions. Introduction of automated and programmed hand dryers has led to development of work-efficient solutions, thereby propelling market growth, in the recent years. Globally Detlef Schrempf Jersey , the hand dryers industry is predicted to grow at CAGR of 14.0% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.
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The recent technological advancements and development of the novel products & technologies such as touch control and advanced sensor systems in order to enhance user experience is also expected to fuel revenue growth in the upcoming years. Moreover, shifting trends towards adoption of automated and intelligent hand dryers is positively impacting market growth, in the last few years. Other factors such as cost effectiveness and time saving capabilities of hand dryer market are predicted to drive the market growth of hand dryers over the forecast period.