HOME Research Insight GEA Group AG (Germany) and SPX Flow Technology (U.S.) are Leading Players in the Spray Drying Equipment Market



GEA Group AG (Germany) and SPX Flow Technology (U.S.) are Leading Players in the Spray Drying Equipment Market


The spray drying equipment market is projected to reach USD 5.80 Billion by 2022, at a CAGR of 7.03% from 2016 to 2022. The spray drying equipment market is driven by the rise in demand of ready to-eat foods and functional food & beverage products owing to the rise in disposable income and growing health awareness among consumers globally.

The key players that have a strong presence in the spray drying equipment market are GEA Group AG (Germany), SPX Flow Technology (U.S.), Buchi Labortechnik AG (Switzerland), Dedert Corporation (U.S.), and European Spray Dry Technologies LLP (U.K.). Other companies such as Changzhou Lemar Drying Engineering Co. Ltd. (China), Shandong Shungeng Drying Equipment Co. Ltd. (China), Acmefil Engineering Systems Pvt. Ltd. (India), New AVM Systech Pvt. Ltd. (India), and C.E. Rogers Company (U.S.) also have a significant market share in the global spray drying equipment market.

The key market players have focused on various growth strategies such as partnerships, new product launches, and expansions to increase their market presence and expand their product portfolio in the spray drying equipment market. Strategic partnerships were mainly adopted by GEA Group AG (Germany) and SPX Flow Technology (U.S.) in the Asia-Pacific and European regions.

GEA Group AG (Germany) accounted for the maximum number of product launches and strategic partnerships across all the segments in the spray drying equipment market during the review period. The company launched a mini spray dryer in April 2016 with a camera to monitor the entire spray drying process to reduce errors. Moreover, it launched a mobile minor MM-100 spray dryer for pharmaceutical drug testing in April, 2016. GEA Group AG (Germany) also expanded its existing sales team to Sweden.

SPX Flow Technology (U.S.) focused on strategic partnerships for strengthening their market presence in the spray drying equipment market. The company launched a spray dryer for further processing of infant formula and baby food in the Asia-Pacific region. SPX Flow Technology (U.S.) specializes in designing, developing, and manufacturing customized spray dryer for dairy processing companies. In March 2015, SPX Corporation (U.S.) received a contract from Midfield Group to help install a dairy processing plant in Australia which would utilize SPX triple-A spray dryers in the processing plant.

Related Reports:

Spray Drying Equipment Market by Type (Rotary Atomizer, Nozzle Atomizer, Fluidized, Closed Loop, and Centrifugal), Application (Food, Pharmaceutical, and Chemical), Drying Stage, Cycle Type, Flow Type, and Region - Global Forecast to 2022

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