Desiccant Wheel Market – What Factors will drive the Market in Upcoming Years and How it is Going to Impact on Global Industry
According to a new market research report published by Credence Research “Desiccant Wheel Market(By Desiccant Type (Silica Gel, Molecular Sieve, Activated Alumina, Others) By Application (Pharmaceuticals, Food Industry, Chemical Industry, Electronics, Warehousing and Others) – Growth, Future Prospects and Competitive Landscape, 2017-2025”, desiccant wheel market is estimated to grow at a CAGR of 5.3% from 2017 to 2025.
The report covers outlook and research for the Desiccant Wheel market on a worldwide and regional level. The research gives noteworthy data of 2015-2017 alongside an outlook from 2018 to 2026 in view of revenue (USD Billion). The examination includes drivers and limitations for the Desiccant Wheel market beside the effect they have on the request over the figure time frame. Furthermore, the report combines the study of possibilities available in the Desiccant Wheel market on a worldwide level.
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Rising carbon percent and increased atmospheric temperature have resulted in the rise in overall humidity content of the atmosphere in the past few years. Industries including pharmaceuticals, chemicals, food, and beverages require highly controlled atmospheric conditions in their production area. Products which are hygroscopic in nature can easily absorb the moisture from the atmosphere. Various methods of dehumidification are used by these industries to avoid moisture contents in a close vicinity. Use of desiccant wheels is one of the most effective and economical methods used to control humidity level for aforementioned industries.
In recent times, industries such as food and beverages, pharmaceutical, chemical, electronics and others have been experiencing promising growth over the years. All the above-mentioned industries are subject to rigorous regulations laid by the government authorities. In order to achieve the permissible humidity level, these industries extensively use desiccant wheels for moisture control. Desiccant wheels offer numerous benefits over other dehumidification methods including thermal wheels and compressor driven dehumidifiers. In addition, desiccant wheel offers a provision of reuse after the removal of moisture from the desiccant. This reduces the overall operating cost, making this method economical for various industries. Consequently, desiccant wheel market is expected to grow at a consistent rate along with the industries in the following years.
The desiccant wheel market is segmented on the basis of desiccant type, application, and geography. The desiccant wheel is classified into the silica gel, molecular sieve, and activated alumina according to the desiccant type. As of 2016, silica gel desiccant wheel segment dominates the market contributing more than 60% of the total market share of the total desiccant wheel market. Depending on application, the desiccant wheel market is further classified as pharmaceutical, food industries, chemical, electronics, and warehousing, among others. As of 2016, demand for a desiccant wheel for a pharmaceutical industry dominated the overall market for the desiccant wheel market.
Desiccant wheel market is quite fragmented and characterized by a number of desiccant wheel manufacturers. These companies face cut throat competition and need to stay abreast with ongoing market activities in order to maintain their market position. Strategic alliances with end-use industries for supplies is one of the major strategies adopted by market leaders to remain dominant in the market. Major players in the market include Desiccant Technologies Group, Innovative Air Technologies, Polygon AB, NovelAire Technologies, Munters, Rotor Source, Inc., Desiccant Rotors International Pvt. Ltd., Trane Inc., Proflute AB, Seibu Giken DST AB, Airxchange Inc., and Fläkt Woods Group.
This report offers extensive research on the worldwide Desiccant Wheel showcase alongside, market trends, market size, drivers, and restraints of the Desiccant Wheel market. This report includes an itemized focused scenario and item pattern of key merchants. To understand the competitive scene in the market, a research of Porter’s five forces model for the market has additionally been incorporated. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.
Key aspects of the study include:
Desiccant Wheel Market Snapshot
Classification of Desiccant Wheel Market
Market Overview: Market drivers, restraints and key trends analysis
Competitive analysis of the key players operating in the market
Market size split on the basis of geographies and sub-geographies
Cross-sectional market size for all segments per sub-geography
Historical market size for year 2016 with 2017 as the base year
Forecast period: 2018 to 2026
Key questions answered in the Report
What is the Current Market Size and Forecast for Desiccant Wheel Market?
Who are major players in the industry and what are their strategies and developments in the recent years?
What are the key segments expected to emerge as the most attractive during the forecast period?
Which is the most lucrative geographic region for Desiccant Wheel market?
At Credence Research, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most detailed analysis of the industry. The research process begins with extensive data mining, using authoritative sources such as trade magazines, technical publications, independent studies along with paid avenues.
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