A desiccant dehumidifier operates on a totally different principle to a refrigerant type. The main benefit of a desiccant dehumidifier is that it performs exceptionally well when used in cooler climates, or when a low dew point is required. As there is no actual water produced during the process, these units can work effectively at sub-zero temperatures.
Due to COVID-19 pandemic, the global Desiccant Dehumidifier market size is estimated to be worth US$ 568.1 million in 2021 and is forecast to a readjusted size of USD 697.1 million by 2028 with a CAGR of 3.0% during review period.
This market has witnessed growth owing to increased demand in Chemical and Food & Pharmaceutical. Increased investment in Desiccant Dehumidifier by leading companies is expected to favourably impact market growth over the forecast period.
The Asia Pacific is expected to be the fastest-growing market over the forecast period. Desiccant Dehumidifier is becoming more indispensable in emerging markets. APAC countries such as China, India are expected to emerge as an attractive opportunity for vendors to venture during this period.
For the Desiccant Dehumidifier industry, the market is low concentrated. Munters, Parker Hannifin, Ingersoll Rand are the leading companies globally and are trying to expand their market share.
Although the market competition of Desiccant Dehumidifier is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Desiccant Dehumidifier and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
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