ShareWorld desiccant wheel market.
A few figures to illustrate the desiccant wheel market.
The global desiccant wheel market is expected to exhibit a nearly 5% CAGR from 2016 to 2024, rising from a valuation of USD 296.5 million in 2015 to USD 463 million by 2024, according to Transparency Market Research.
Of the key desiccants used in desiccant wheels, silica gel dominated, holding 68% of the overall market in 2015.
North America led the global market in 2015 and is expected to remain one of the most attractive regional markets over the forecast period.
The market in the Asia-Pacific region, however, is expected to outpace North America owing to the high concentration of several key end-use industries.
Of the key desiccants used in desiccant wheels, silica gel dominated, holding 68% of the overall market in 2015.
North America led the global market in 2015 and is expected to remain one of the most attractive regional markets over the forecast period.
The market in the Asia-Pacific region, however, is expected to outpace North America owing to the high concentration of several key end-use industries.