According to a new market research report published by Credence Research “Desiccant Wheel Market — Growth, Future Prospects, and Competitive Landscape, 2017–2025”, the global desiccant wheel market is estimated to grow at a CAGR of 5.3% from 2017 to 2025.
Market Insights
Rising carbon percent and increased atmospheric temperature have resulted in the rise in the 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 that are hygroscopic in nature can easily absorb moisture from the atmosphere. Various methods of dehumidification are used by these industries to avoid moisture content in close vicinity. The use of desiccant wheels is one of the most effective and economical methods used to control humidity levels for the aforementioned industries.
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/desiccant-wheel-market
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 are driven dehumidifiers. In addition, the 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, the 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, the 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 the 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.
Competitive Insights:
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 of 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.
Key Trends:
- Increasing demand for efficient and economical dehumidification method
- Growing industry verticals including pharmaceuticals and food industry are driving the demand for desiccant wheel
- Stringent government regulations towards humidity control in various manufacturing and processing industries
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List of Companies Covered:
- 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.
- Fläkt Woods Group
Market Segmentation:
By Desiccant Type
- Silica Gel
- Molecular Sieve
- Activated Alumina
- Others
By Application Type
- Pharmaceuticals
- Chemical
- Food and Beverages
- Electronics
- Warehouse
- Others
By Geography Segment Type
- North America (the U.S., Rest of North America)
- Europe (U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, Japan, India, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America)
Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/58556
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