Top 10 Hand dryers Companies in Global [Updated] | Global Growth Insights

Hand Dryers

Hand dryers have become an essential part of modern public restrooms, offering a hygienic, efficient, and eco-friendly alternative to paper towels. These appliances are designed to dry hands quickly after washing, providing both convenience and sustainability. As the world moves toward sustainable solutions, the hand dryer market has been growing steadily, driven by an increasing demand for environmentally friendly, cost-effective alternatives to disposable paper towels. In this article, we will explore the top 10 hand dryer brands and delve into the growing hand dryer market in the USA, including key company updates, revenue growth, and the latest trends in the industry.

The global hand dryers market was valued at USD 671.1 million in 2023 and is projected to reach USD 748.61 million in 2024. The market is expected to continue growing, with a forecasted value of USD 1,794.8 million by 2032, reflecting a compound annual growth rate (CAGR) of 11.55% from 2024 to 2032

What Are Hand Dryers?

A hand dryer is an electric device used to dry hands after they have been washed. The most common types of hand dryers are air blade dryers and warm air dryers, which use airflow or warm air to remove moisture from hands. Air blade dryers are considered more efficient as they use high-speed air jets to dry hands in a matter of seconds, reducing energy consumption and drying time. On the other hand, warm air dryers typically use heated air to dry hands, though they may take longer and consume more power.

Hand dryers have seen significant technological advancements over the years. They now feature touchless sensors for improved hygiene, reduced noise, and faster drying times, addressing both consumer preferences and environmental concerns.

The Growing Hand Dryer Market in the USA

The hand dryer market in the USA has been witnessing robust growth in recent years. Several factors contribute to this trend:

1. Sustainability Concerns: Hand dryers are seen as more sustainable than paper towels, which contribute to deforestation and waste. As more businesses and public spaces seek eco-friendly solutions, the demand for hand dryers continues to rise.
2. Cost Efficiency: Hand dryers, though requiring an upfront investment, result in lower operating costs over time compared to paper towels. This makes them an attractive option for businesses and public facilities looking to reduce their maintenance costs.
3. Technological Advancements: With innovations such as touchless technology, faster drying times, and quieter operations, modern hand dryers have become even more appealing for users and building owners alike.
4. Health and Hygiene: The ongoing focus on hygiene, especially in the wake of the COVID-19 pandemic, has driven increased adoption of touchless and high-efficiency hand dryers in public restrooms.

Global Growth Insights unveils the top List global Hand dryers Companies:

Now, let's take a closer look at the top 10 companies leading the hand dryer market, their headquarters, revenue, and growth trends.

1. Modun

• Headquarters: Ningbo, China
• Revenue (2021): $50 million
• CAGR: Modun has seen consistent growth, capitalizing on the demand for energy-efficient and high-performance hand dryers. The company is known for its innovative design and cost-effective products, making it a prominent player in the Chinese market and beyond.

Company Overview: Modun specializes in manufacturing a wide range of hand dryers, including high-speed air blade dryers. They focus on durability, design, and energy efficiency, with a growing presence in international markets.

2. Panasonic

• Headquarters: Osaka, Japan
• Revenue (2021): ¥7.4 trillion
• CAGR: Panasonic’s hand dryer division is part of a larger business portfolio that focuses on sustainable and energy-efficient products. The company has consistently invested in technological innovations, helping it maintain a strong foothold in the global market.

Company Overview: A global leader in electronics, Panasonic has integrated energy-efficient solutions into its hand dryers. Their high-speed hand dryers are known for their durability, low noise, and effective drying capabilities. Panasonic’s commitment to sustainability makes them a top contender in the market.

3. Siemens

• Headquarters: Munich, Germany
• Revenue (2021): €62.3 billion
• CAGR: Siemens continues to grow its hand dryer market share through strategic investments in energy-efficient and intelligent solutions for both commercial and residential applications.

Company Overview: Siemens offers a variety of hand dryers equipped with advanced technology. Known for their robust build quality and cutting-edge features like energy-saving modes and advanced sensor systems, Siemens continues to strengthen its market presence worldwide.

4. DIHOUR

• Headquarters: Shenzhen, China
• Revenue (2021): $20 million
• CAGR: DIHOUR has experienced steady growth in the hand dryer segment, focusing on high-speed, low-energy models that cater to both domestic and international markets.

Company Overview: DIHOUR is recognized for offering competitive products that meet the needs of commercial establishments and public facilities. Their product range includes high-speed air blade dryers and compact models designed for efficiency and ease of use.

5. Specialising

• Headquarters: Zhejiang, China
• Revenue (2021): $30 million
• CAGR: Specialising has been expanding rapidly due to its emphasis on advanced engineering and eco-friendly hand dryer technologies. The company is seeing strong demand in both Asian and Western markets.

Company Overview: Specialising focuses on innovative hand dryer solutions, particularly energy-efficient models that feature noise-reduction technologies. Their products are gaining traction in both high-traffic and commercial spaces.

6. JIEDA

• Headquarters: Hangzhou, China
• Revenue (2021): $10 million
• CAGR: JIEDA has carved a niche for itself by offering cost-effective and energy-efficient hand dryer solutions. The company is steadily growing and diversifying its portfolio.

Company Overview: Known for affordable, high-performance hand dryers, JIEDA has become a popular choice for small to mid-sized businesses looking for durable, no-frills hand dryers. They have established a solid presence in both the Chinese and international markets.

7. Dyson (Airblade)

• Headquarters: Malmesbury, UK
• Revenue (2021): £6 billion
• CAGR: Dyson has been a key player in the hand dryer industry, largely due to its innovative Airblade technology that uses high-velocity air jets to dry hands quickly and efficiently.

Company Overview: Dyson revolutionized the hand dryer market with its Airblade technology, providing energy-efficient solutions that dry hands in seconds. The company is known for premium quality and superior design, making it one of the leading hand dryer brands globally.

8. Mitsubishi

• Headquarters: Tokyo, Japan
• Revenue (2021): ¥8.9 trillion
• CAGR: Mitsubishi continues to innovate in the hand dryer market with a focus on energy efficiency, design, and advanced technology. Their hand dryers are popular in both commercial and residential applications.

Company Overview: Mitsubishi’s hand dryers are recognized for their durability, quiet operation, and high performance. The company has gained a reputation for delivering premium, long-lasting products that cater to both large and small establishments.

9. Voith

• Headquarters: Heidenheim, Germany
• Revenue (2021): €4.2 billion
• CAGR: Voith has been expanding its product offerings, and their hand dryers are increasingly popular for commercial applications, especially in high-traffic areas.

Company Overview: Voith focuses on providing energy-efficient solutions, and their hand dryers are no exception. The company’s commitment to sustainability and cutting-edge technology positions it as a reliable player in the global market.

10. ALOYCO

• Headquarters: Suzhou, China
• Revenue (2021): $15 million
• CAGR: ALOYCO has gained momentum in the hand dryer market by offering competitive products with an emphasis on energy efficiency and cost-effectiveness.

Company Overview: ALOYCO’s range of high-speed hand dryers caters to a variety of sectors, including healthcare, education, and hospitality. Their focus on durability and energy efficiency has helped them expand their market presence.

Conclusion: The Future of the Hand Dryer Market

The hand dryer industry is expected to continue its growth trajectory, driven by technological innovations, sustainability concerns, and a greater focus on hygiene in public spaces. The USA hand dryer market, in particular, is set to benefit from the increasing demand for touchless, eco-friendly alternatives to paper towels. Companies like Modun, Panasonic, Dyson, and Siemens are leading the way with their innovative and energy-efficient solutions. As the market evolves, we can expect even more advancements in hand dryer technology, further solidifying their place in modern restrooms worldwide.