China's drying equipment industry

In the past decade, the secret to the success of China's drying equipment industry lies in accurately grasping the three main lines of 'technological upgrading, application expansion, and green transformation'. The industry is driven by technological innovation and has made key breakthroughs in energy conservation, intelligent control, and new drying processes such as microwave, vacuum freezing, and heat pump drying. The energy efficiency of heat pump drying has increased by more than 30% compared to traditional technologies. At the same time, the industry is deeply bound to downstream high growth areas, extending from traditional chemical and food industries to high-end markets such as new energy materials (positive and negative electrode materials for lithium batteries) and biopharmaceuticals. The proportion of emerging applications has jumped from less than 10% to over 20%. At the policy level, the 'dual carbon' goals and plans such as 'Made in China 2025' are driving the industry towards green and intelligent transformation, promoting the deployment of IoT remote monitoring and digital twin systems by enterprises. In addition, the industry improved its concentration through integration, leading enterprises' market share increased from 28% to 34%, and accelerated the development of export markets along the 'the Belt and Road' by virtue of cost performance advantages. In the end, we successfully achieved a value transition from scale expansion to innovation driven, from a single equipment supplier to providing comprehensive energy-saving and environmental protection solutions.