Solar Dryer Industry - Regional Synopsis
APAC Market Forecast
Asia Pacific industry is likely to hold largest revenue share of 38% by 2037. The growing demand for high-quality agricultural exports is driving the adoption of solar-powered dryers in the Asia Pacific. The substantial 30% increase in demand reflects a global preference for premium-quality agricultural products. Solar-powered dryers, with their ability to produce consistently high-quality dried goods, position farmers and agribusinesses to meet this burgeoning demand and capitalize on opportunities in the international market. The focus on food security and the reduction of post-harvest losses is a compelling driver for the adoption of solar dryers in the Asia Pacific. Solar-powered dryers play a crucial role in achieving these goals, ensuring that harvested crops are preserved effectively for enhanced food security. The solar dryer market in the Asia Pacific region is flourishing, propelled by food security initiatives, and the increasing demand for high-quality agricultural exports.
North American Market Statistics
The solar dryer market in the North America region is projected to hold the second largest share during the forecast period. Government support is a cornerstone of the growth in the market in North America. Subsidies play a crucial role in reducing the financial barriers for farmers and agribusinesses, making solar-powered dryers economically attractive and accelerating their adoption across the region. In 2021, North American governments collectively allocated over USD 700 million in incentives and subsidies for renewable energy projects in agriculture, with solar-powered drying technologies receiving a significant share, according to a report by the North American Sustainable Agriculture Consortium. The emphasis on sustainable agriculture is a significant driver for the adoption of solar dryers in North America. Solar-powered drying technologies align seamlessly with this commitment to sustainability, positioning them as integral components of modern and eco-conscious farming practices. The solar dryer market in North America is thriving due to energy independence considerations, market demand for organic products, and corporate sustainability initiatives. As the region continues to prioritize environmentally conscious practices, the adoption of solar-powered drying technologies is poised to play a pivotal role in shaping the future of sustainable and efficient agriculture across North America.
