Global Desiccant Wheel Market to Reach $618.9 Million by 2030
The global market for Desiccant Wheel estimated at US$435.6 Million in the year 2023, is expected to reach US$618.9 Million by 2030, growing at a CAGR of 5.1% over the analysis period 2023-2030. Silica Gel Desiccant Wheel, one of the segments analyzed in the report, is expected to record a 5.4% CAGR and reach US$273.6 Million by the end of the analysis period. Growth in the Molecular Sieve Desiccant Wheel segment is estimated at 4.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $116.7 Million, While China is Forecast to Grow at 8.3% CAGR
The Desiccant Wheel market in the U.S. is estimated at US$116.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$136 Million by the year 2030 trailing a CAGR of 8.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$84 Million by the year 2030.
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