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 purpose of the report is to illustrate the state of the market of Desiccant Wheel, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Market Insights
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.
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 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.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Desiccant Wheel buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Desiccant Wheel contains:
Analysis and forecast of Desiccant Wheel market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Desiccant Wheel market;
Assessment and forecast of Desiccant Wheel market development;
Financial and business profiles of the leading companies in the Desiccant Wheel industry.
Scope
– Up to date working Desiccant Wheel data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Desiccant Wheel for the period 2018 to 2026
– Planned Desiccant Wheel additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Desiccant Wheel projects by region, key countries, and companies
– Details of major planned Desiccant Wheel projects in the world up to 2026
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