Desiccant Wheel Market: Silica Gel to Remain Most Commonly Used Material in Desiccant Wheels
Furthermore, desiccant dehumidifiers have demonstrated their ability to be much more effective than compressor-based dehumidifiers when it comes to extracting moisture in short time spans.
Transparency Market Research states that the global desiccant wheel market will expand at a healthy pace in the next few years. The market is estimated to expand at a 4.9% CAGR from 2016 to 2024. If the number holds true, the market, which valued at US$296.5 mn in 2015, is expected to rise to US$ 463.0 mn by 2024.
desiccant wheel market
Obtain Report Details @
Silica Gel to Retain Position as Dominant Desiccant Variety
Of the key varieties of desiccants commonly used in desiccant wheels in the global market, including activated alumina, molecular sieve, and silica gel, the segment of silica gel led, holding a nearly 68% of the global market in 2015. The segment dominated chiefly owing to silica gel’s comparatively cheaper costs than other alternatives. Silica gel desiccant wheels are also known to have extremely good moisture adsorption capabilities, resulting in the production of dryer air.
Furthermore, silica gel desiccants are considered to be safe for use in food and beverage industry by several regulating authorities. Also, silica gel is non-flammable and has a higher shelf life, resulting in durable desiccant wheels.
In terms of key application areas of silica gel desiccants, their applications in the food industry accounted for a significant share in the segment’s overall revenue valuation in 2015. The food industry has a high adoption rate of desiccant wheels due to the new and improved manufacturing processes requiring dry environment. Food safety rules and regulations have forced enterprises to install desiccant dehumidifiers within manufacturing facilities. Other desiccant varieties can contaminate the perishable goods present within the premises.
Request Sample @
Market in Asia Pacific to Lead to Most Lucrative Returns
From a geographical perspective, the desiccant wheels market in North America held the dominant position in 2015. High adoption of desiccant wheels for dehumidification purpose across pharmaceutical and chemical sectors in the past few years has helped the North America desiccant wheels market stay ahead of other regional markets.
Manufacturing units of pharmaceutical products need a controlled environment as these products are highly reactive to moisture. Raw materials used for tablet manufacturing are extremely hygroscopic and can absorb moisture quickly. Moisture can affect the weight, quality and firmness of the end product. Similarly, chemical manufacturing companies must maintain specific humidity levels within the premises as various chemicals show adverse reactions after interaction with moisture.
However, due to the growing needs from the flourishing manufacturing sector and growing heating ventilation and air conditioning (HVAC) needs from the expanding infrastructure, Asia Pacific desiccant wheels market is expected to outpace North America, exhibiting a CAGR of 6.2% during the forecast period. In Asia Pacific, the manufacturing sector in emerging economies such as China and India are anticipated to drive the desiccant wheel market.
These countries have a large number of manufacturing plants and their number is expected to further grow during the forecast period. Furthermore, increasing concentration of desiccant wheel manufacturers and product varieties with comparatively lower prices is also expected to drive the market during the forecast period.
Some of the key players operating in the global desiccant wheel market are Munters, NovelAire Technologies, DRI, Rotor Source, Inc., Trane, Proflute AB, Airxchange Inc., Seibu Giken DST AB, Greenheck Fan Corporation, and Fläkt Wo
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Desiccant Wheel Market: Silica Gel to Remain Most Commonly Used Material in Desiccant Wheels here
News-ID: 837324 • Views: 164
More Releases from Transparency Market Research
Cancer Cachexia Market to Witness Exponential Growth by 2024
Current and ongoing clinical trials in oncology have shed light on multifactorial pathogenicity of the syndrome cancer cachexia. Understanding the mechanism of cancer cachexia has become imperative for the understanding of prognostic factors for cancer. Biopharmaceuticals seeking stronghold in the global cancer cachexia market have adopted strategies that accelerate time-to-market of novel pharmaceutical agents, observes analysts at Transparency Market Research. Top Players Adopt Strategies for Testing Multidisciplinary Combination Therapies Leading players are
Oncology Biosimilars Market to Develop Rapidly by 2024
The global oncology biosimilars market is prophesied in a report by Transparency Market Research (TMR) finds highly competitive and highly fragmentation owing to presence of strong players in the market. In order to acquire substantial share and to be part of such intense competition, these key players have adopted strategies such as frequent mergers and acquisitions, product innovations, and geographical expansion. Leading companies in the global oncology biosimilars market that
Advanced Energy Storage Market expanding at a CAGR of 5.4% between 2016 and 2024
The global market for advanced energy storage features a largely fragmented competitive landscape owing to the presence of several large- and medium-scale companies and a low threat of new entrants owing to the market’s capital intensive nature, observes Transparency Market Research in a recent report. Leading companies in the market benefit from their technical expertise, vast experience, and strong distribution and sales channels. Read report Overview- https://www.transparencymarketresearch.com/advanced-energy-storage-systems.html Focus on strategic alliances, long-term contracts,
Crude Oil Desalter and Electrostatic Dehydrator Market – Industry Analysis, Fo …
Transparency Market Research (TMR) has announced the addition of a new market study on the crude oil desalter and electrostatic dehydrator market. The report is titled “Crude Oil Desalter and Electrostatic Dehydrator Market – Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 – 2023.” According to the report, the global crude oil desalter and electrostatic dehydrator market is expected to be worth US$190.61 mn by 2023. It was
More Releases for Asia
RAMPF Korea – Producing in Asia for Asia
Joint Venture for the Asian markets – The international RAMPF Group has realigned the cooperation with its long-standing partner Orient Dosiertechnik from Korea with the founding of RAMPF Korea Co., Ltd. The new company based in Hwaseong City is developing and producing mixing and dispensing systems specifically for the Asian markets. Within the framework of the new joint venture based in Hwaseong City, mixing and dispensing systems are being developed and
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
MES: Expansion in Asia
Berlin, November 24, 2014: Model Engineering Solutions (MES), the Berlin-based specialist for model-based software development, has significantly expanded its business in Asia. In recent years, MES has built up a network of local partners in Japan, Korea, China, and India in order to benefit from the growing market and increasing interest in model-based development and ISO 26262 in Asia. Asia: Driving force in the automotive industry The automotive industry continues
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
UDT Asia 2011
Clarion Events hosts the Undersea Defence Technology (UDT) Asia 2011 conference and exhibition to bring senior naval and industry personnel together to cover underwater developments in the region Singapore, May 30 – Clarion Events is hosting UDT Asia on 30 November – 1 December 2011. The event brings together the undersea defence community in Asia, featuring top regional naval speakers, who will be addressing the latest underwater requirements for Asian navies. According
eltherm goes Asia
Finally all preparations are finished and the new subsidiary of eltherm GmbH, eltherm Asia Pacific Pte Ltd has commenced operations in Singapore on 1st April 2010. To celebrate the starting shot, an opening celebration was held in the afternoon of 28th July in the office premises followed by a get together dinner and drinks in the evening at a pub. A total of 62 guests attended the event with the