Global Desiccant Dryer Increased From 54 K Units In 2014 To 65 K Units In 2018 With An Average Growth Rate Of 4.8%
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For industry structure analysis, the Desiccant Dryer industry is relatively low concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 45 % of the revenue market. Regionally, Europe is the biggest revenue area, also the leader in the whole Desiccant Dryer industry.
The sales of Desiccant Dryer increased from 54 k units in 2014 to 65 k units in 2018 with an average growth rate of 4.8%.
Asia-Pacific occupied 36% of the sales market in 2014. It is followed by Europe and North America, which respectively account for around 30% and 25% of the global total industry. Other countries have a smaller amount of sales.
The sales of Desiccant Dryer are related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Desiccant Dryer industry may not keep that fast. But it is surely forecasted that the market of Desiccant Dryer is still promising.
For price trend analysis, a key variable in the performance of Desiccant Dryer producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as Home prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
For forecast, the global Desiccant Dryer revenue would keep increasing with annual growth rate with 6%. We tend to believe that this industry still has a good future, considering the current demand of Desiccant Dryer.
Although the market competition of Desiccant Dryer is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Desiccant Dryer 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.