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$11.9 Billion Electric Dryers Market - Global Industry Trends, Share, Size, Growth, Opportunity and Forecast to 2026 - ResearchAndMarkets.com
April 26, 2021 GMT
DUBLIN (BUSINESS WIRE) Apr 26, 2021
The global electric dryers market reached a value of US$ 11.9 Billion in 2020. Looking forward, the global electric dryers market to exhibit moderate growth during the next five years.
An electric dryer refers to a home appliance which is utilized to remove moisture from clothes, beddings and other textile products. It functions with the help of a rotating drum or tumbler that holds the clothes, an electrically powered heater that heats the air inside the tumbler, and an exhaust vent that passes out water in the form of steam. Electric dryers are rapidly replacing gas dryers which emit carbon dioxide in the atmosphere.
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The global automotive electronics market reached a value of US$ 205 Billion in 2020. Automotive electronics are employed in both on-road and off-road vehicles such as trucks, tractors, forklifts, excavators, motorcycles, and hybrid and electric cars. They are primarily used in the functioning of electronic fuel injection, driver assistance and infotainment system to improve the efficiency of the vehicle. For instance, the anti-lock braking system (ABS) prevents vehicles from skidding on slopes and electronic car security locks provide improved security through remote controlled locks and a central locking system. Besides this, automotive electronics also include satellite-controlled devices for traffic surveillance and diagnostic tools to ensure optimum fuel utilization and maintain engine health. Looking forward, the publisher expects the global automotive electronics market to exhibit moderate growth durin