More suited to the male and more formal wardrobe, but a good alternative is a trouser press. They typically have a hanger for a jacket and shirt if you wish (though if you can reserve a section of your closet for shirts it's better to air them out). Corby is one famous maker, though there are knock-offs available I can vouch for the quality of the original (and lack of quality of at least one knock-off). There is a timer and the press delivers electric heat to the trousers so you have freshly pressed trousers in the morning.
