Chan Ye Xin Xi Wang·2025-09-17 01:37Overview - Drying equipment is essential in various industries such as lithium batteries, textiles, food, chemicals, agriculture, ceramics, and environmental protection [1][14] - The demand for drying equipment has been continuously growing, particularly in the lithium battery sector, with a projected demand of 5.421 million units and a market size of 34.3 billion yuan in 2024 [1][14] Market Policies - The Chinese government has issued several policies to support the development of the general equipment manufacturing industry, including drying equipment, creating a favorable policy environment [8] Industry Chain - The upstream of the drying equipment industry includes suppliers of raw materials and components such as steel, motors, and sensors, while the midstream involves research and production, and the downstream encompasses various application markets [10] Demand Structure - Lithium batteries represent the largest demand market for drying equipment, accounting for 23.54%, followed by textiles and food at 17.32% and 12.70% respectively [12] Competitive Landscape - The drying equipment industry in China is characterized by a high degree of market fragmentation, with over 40% of related companies having registered capital under 2 million yuan [14] - As demand for high-end products increases, companies with advanced technology and R&D capabilities are expected to gain competitive advantages [14] Company Analysis - Shenzhen Xinyuren Technology Co., Ltd. focuses on high-end equipment for lithium-ion batteries, with 53.67% of its revenue from drying equipment in the first half of 2025 [15] - Qingdao Degute Energy-saving Equipment Co., Ltd. specializes in energy-saving drying machines, achieving a revenue of 250 million yuan in the first half of 2025, with a gross profit margin of 39.14% [16] Development Trends - The drying equipment industry is expected to emphasize green energy and energy-saving technologies, with a focus on renewable energy sources and smart upgrades through IoT and AI [16]