The technological value of drying equipment has long played a significant role in the industry. Since 2004, the national chemical sector has seen continuous growth, and the market for drying equipment has remained stable with strong potential. Manufacturing companies have generally achieved improved operational performance. Today, the most notable feature of the drying equipment service industry is the growing emphasis on technological advancement. This marks a shift from past practices where price competition dominated the market. Some high-tech manufacturers have focused on innovation, reaping greater benefits, while others with outdated technology and limited R&D capabilities are experiencing declining efficiency.
Market responses indicate that the chemical industry expects the drying equipment manufacturing sector to align with higher quality, lower energy consumption, and environmental protection standards. Companies need to strengthen basic research and build a solid foundation for applied development. Technological advancements are now being made in automation, testing, manufacturing processes, and material design. In terms of applied research, it's crucial to engage in international collaboration while also protecting intellectual property. Innovation in both new technologies and traditional applications is essential. This path is key for China’s drying equipment industry to grow stronger and more competitive globally.
Currently, the enhancement of technological content in domestic drying equipment is yielding positive results. For many years, the industry was characterized by small-scale production, low entry barriers, and generally low technological standards. Over 60% of companies generate less than 5 million yuan annually, while only 5% to 8% reach tens of millions. Product quality is often similar and not very distinctive. However, high-tech products are now emerging as leaders in the industry, signaling a shift away from price wars and fragmentation. The industry may soon see natural consolidation, leading to stronger, more cohesive enterprises through technological competition and survival of the fittest.
Moreover, technological progress is expected to transform the current export landscape of drying equipment. While China’s drying equipment exports remain small—accounting for less than 5% of total output and mainly targeting Southeast Asia—authoritative forecasts predict this share could rise to 10% in the coming years. The export market will likely expand beyond Southeast Asia to include Europe and the United States. As technology improves, the gap between domestic large-scale drying equipment and global standards is expected to narrow significantly.
Hebei Yintop Technology Co.ltd , https://www.yintoptech.com