The simulation model of a transcritical CO2 heat pump dryer presented in Part 1 has been first validated with available experimental data in this part and then used to simulate the heat pump dryer to study the variation of performance parameters such as heating COP, moisture extraction rate, and specific moisture extraction rate. The validation with experimental data shows that the model slightly over predicts the system performance. The possible reasons for the difference between experimental and numerical results are explained. Simulation results show the effect of key operating parameters such as bypass air ratio, re-circulation air ratio, dryer efficiency, ambient condition (temperature and relative humidity), and air mass flow rate. Results show that unlike bypass air ratio and ambient relative humidity, the effect of dryer efficiency, recirculation air ratio, ambient temperature, and air mass flow rate are very significant as far as the system performance is concerned.