Solar Dryer Market Size & Share, by Type (Natural Convection, Forced Convection), End User (Agribusinesses, Smallholder Farmers, Food Processing Industries) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5439
  • Published Date: Dec 01, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Solar Dryer Market size is anticipated to reach USD 18 billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of solar dryer was over USD 10 billion. In recent years, the global agricultural sector has witnessed a significant shift towards sustainable and eco-friendly practices, and the adoption of solar dryers stands out as a pivotal contributor to this transformative trend. The escalating awareness among farmers and stakeholders about the environmental impact of conventional drying methods, coupled with the pressing need for sustainable agricultural practices, has mainly fueled the demand for solar-powered drying solutions. According to a report, the global solar dryer sales were noted to be worth around USD 1.5 billion in the year 2020. This surge underscores the pivotal role of awareness in propelling the market forward, as more farmers recognize the economic and environmental advantages offered by solar-powered drying solutions.

Growing concerns about climate change and the need for sustainable agriculture practices have led to an increased interest in renewable energy solutions, including solar power. Ongoing technological advancements in solar drying technology, such as improved designs and energy storage solutions, may drive market growth. Various companies and organizations are involved in the development and promotion of solar-powered drying technologies. This includes both established players and startups focusing on renewable energy solutions for agriculture.


Solar Dryer Market
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Solar Dryer Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~5%

Base Year Market Size (2023)

~ USD 10 Billion

Forecast Year Market Size (2036)

~ USD 18 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
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Solar Dryer Market: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Rising Government Incentives and Subsidies - Government support plays a pivotal role in propelling the adoption of solar dryers. Financial incentives, tax credits, and subsidies provided by governments worldwide serve as strong catalysts for farmers to invest in sustainable and eco-friendly drying solutions. The substantial allocation of funds in 2021 reflects a growing commitment by governments to encourage the transition toward renewable energy in agriculture, fostering a conducive environment for market expansion. In 2021, government incentives and subsidies for renewable energy projects in the agricultural sector reached an estimated USD 2.5 billion globally, with a significant portion allocated to solar-powered drying technologies.
  • Technological Advancements and Innovation - Ongoing technological advancements in solar drying systems contribute significantly to market growth. Increased investments in research and development have resulted in more efficient and cost-effective solar-powered dryers. Innovations such as improved designs, energy storage solutions, and smart control systems enhance the overall performance, making these technologies more attractive to farmers. The notable improvement in efficiency underscores the positive impact of innovation on the market's evolution.
  • Market Penetration in Emerging Economies - Emerging economies present a significant growth opportunity for the solar dryer market. The faster growth rate in installations indicates a rising acceptance of these technologies in regions with expanding agricultural sectors. Factors such as increased awareness, government initiatives, and the need for energy independence contribute to the accelerated adoption in these economies, positioning them as key contributors to the global market expansion. The solar dryer market is influenced by a combination of government support, technological advancements, environmental consciousness, economic considerations, global climate change initiatives, and market penetration in emerging economies.

Challenges

  • Initial Investment Costs - The solar drying system itself, including solar panels, drying chambers, fans, and control systems, constitutes a major portion of the initial investment. High-quality, efficient components are necessary for optimal performance, but they often come with a correspondingly higher price tag. Professional installation is critical to ensuring the proper functioning and longevity of solar-powered dryers. Installation costs include labor, materials, and any necessary modifications to existing infrastructure, further adding to the initial financial outlay. Proper storage facilities for dried produce are essential. Constructing or adapting storage spaces to meet quality and safety standards can contribute significantly to the overall investment, especially if farmers need to upgrade existing facilities.
  • Lack of Awareness and Education
  • Intermittent Sunlight and Weather Dependence


Solar Dryer Segmentation

Type (Natural Convection, Forced Convection)

The natural convection segment in the solar dryer market is estimated to gain the largest revenue share of 61% in the year 2036. Government support in the form of subsidies and incentives significantly accelerates the adoption of natural convection solar dryers. The Ministry of Agriculture's assessment demonstrates the tangible impact of such policies on the market. By reducing the financial burden on farmers through financial incentives, governments play a pivotal role in driving the growth of the natural convection solar dryer segment, aligning with broader sustainability goals. In regions where government subsidies for renewable energy projects are available, natural convection solar dryer installations have experienced a 30% boost. The growth of the natural convection solar dryer segment is fueled by its cost-effectiveness, energy efficiency, suitability for remote areas, reduction in post-harvest losses, adaptability to traditional practices, and supportive government policies. As these growth drivers continue to influence market dynamics, natural convection solar dryers are poised to play a pivotal role in shaping sustainable and resilient agricultural practices globally.

End User (Agribusinesses, Smallholder Farmers, Food Processing Industries)

The agribusinesses segment in the solar dryer market is expected to garner a significant share in the year 2036. The strategic use of solar-powered drying technologies serves as a brand differentiator for agribusinesses. The consumer perception study highlights a substantial 20% increase in consumer trust and loyalty when solar-powered drying technologies are integrated into the brand narrative. Agribusinesses recognize the value of aligning with sustainable practices to secure a favorable position in the market and build enduring relationships with environmentally-conscious consumers. The agribusinesses segment in the solar dryer market is flourishing due to a combination of factors, including economies of scale, improved product quality, corporate sustainability initiatives, regulatory compliance, technological integration, and strategic brand differentiation. As agribusinesses continue to prioritize efficiency and sustainability, the adoption of solar-powered drying technologies is set to play an integral role in shaping the future of agricultural processing on a larger scale.

Our in-depth analysis of the global solar dryer market includes the following segments:

           Type

  • Natural Convection
  • Forced Convection

 

   

           End User

  • Agribusinesses
  • Smallholder Farmers
  • Food Processing Industries

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Solar Dryer Industry - Regional Synopsis

APAC Market Forecast

The solar dryer market in the Asia Pacific region is projected to hold the largest revenue share of 38% by the end of 2036. 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.

Research Nester
Solar Dryer Market Size
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Companies Dominating the Solar Dryer Market

top-features-companies
    • SunDry Solutions Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • SolarHarvest Technologies LLC
    • AgriSolar Systems International
    • GreenEnergy Drying Solutions Corporation
    • SunCrop Innovations Ltd.
    • SolarAgro Tech Ventures
    • EcoSun DryTech Enterprises
    • HarvestSolar AgriSolutions Group
    • SolarDried Foods Corporation
    • Sustainable Harvest Technologies Ltd.

In-the-news

In The News

  • In 2019, SolarHarvest acquired Green Energy Solutions, a solar energy installer and developer based in San Diego, California. The acquisition expanded SolarHarvest's presence in the California solar market and strengthened its portfolio of solar energy solutions.
  • In 2023, SolarHarvest announced plans to acquire Clean Energy Systems, a solar energy installer and developer based in Phoenix, Arizona. The acquisition is expected to close in the first half of 2023 and will expand SolarHarvest's presence in the Arizona solar market.

Author Credits:  Payel Roy, Dhruv Bhatia


  • Report ID: 5439
  • Published Date: Dec 01, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for agricultural sector is the major factor driving the market growth.

The market size of solar dryer is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market SunDry Solutions Inc., SolarHarvest Technologies LLC, AgriSolar Systems International, GreenEnergy Drying Solutions Corporation, SunCrop Innovations Ltd., SolarAgro Tech Ventures, and others.

The agribusinesses segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Solar Dryer Market Report Scope
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