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. 

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  [1]: https://i.sstatic.net/HdXZP.jpg