Desiccant Wheel Market Global Industry Overview and Competitive Landscape till 2033
During the forecast period, the desiccant wheel market is anticipated to register a CAGR of 5.1 percent (2022 – 2032). The market for desiccant wheels is anticipated to be worth US$ 431.5 million in 2022 and US$ 708.4 million by 2032.
As per the desiccant wheel market study,
because of growing carbon dioxide levels and rising atmospheric temperatures,
the general humidity content of the atmosphere has altered dramatically during
the last few decades.
Desiccant dehumidifiers have demonstrated their
ability to be significantly more effective and faster than compressor-based
dehumidifiers, boosting the desiccant wheel market share.
Furthermore, growing electricity costs and the portability of desiccant
dehumidifiers are expected to boost global demand for desiccant wheels.
The rapid expansion rate in infrastructure displayed by a
large number of industry verticals around the world is the primary driver of
the global desiccant wheel market. Several companies in the
electronics, pharmaceuticals, chemicals, food and beverage, and other sectors
are exclusively presenting a tremendous increase in demand and infrastructure
development.
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In the anticipated period, the rise of these industries
resulted in a significant demand for desiccant wheels. Desiccant
wheels can also absorb atmospheric moisture in considerably shorter
periods of time, which has boosted the global desiccant wheel market.
Chemicals, pharmaceuticals, food, and beverage industries,
for example, require carefully controlled atmospheric conditions in their
manufacturing areas. Because many of the items made in these verticals are
hygroscopic in nature, they can quickly collect moisture from the air. This
increased moisture or humidity could have a negative impact on the
manufacturing process or the finished product.
To avert this catastrophe, enterprises use dehumidification
techniques in close proximity. The usage of desiccant wheels to
control humidity levels in the aforementioned industries is one of the most
successful and cost-effective approaches, which is the key driver of the desiccant
wheel market.
For sustaining regulatory criteria connected with relative
humidity (RH) levels in production infrastructures, desiccant wheels are
in high demand from a variety of industry verticals such as food & drinks,
chemicals, and pharmaceuticals.
The desiccant wheel market adoption trends are
projected to gain global appeal in the next years due to lower electricity
costs and the portability of desiccant dehumidifiers. Furthermore,
when it comes to extracting moisture in short time spans, desiccant
dehumidifiers have proven to be far more successful than
compressor-based dehumidifiers.
Food and beverage, pharmaceutical, chemical, and electronics
industries, among others, have had promising expansion in recent years. All of
the aforementioned industries are subject to stringent government controls.
These businesses make considerable use of desiccant
wheels for moisture control in order to attain the allowable humidity
level. Other dehumidification technologies, such as thermal wheels and
compressor-driven dehumidifiers, have a number of advantages over desiccant
wheels.
In addition, after the moisture from the desiccant has been
removed, the desiccant wheel can be reused. As a result, the overall operating
cost is reduced, making this technology suitable for a variety of businesses.
The desiccant wheel market is predicted to grow in lockstep
with the rest of the industry in the coming years.
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Key Takeaways
- In
recent years, the pharmaceutical and chemical industries have used desiccant
wheels for dehumidification, helping the North American desiccant
wheels market to stay ahead of other regional markets.
- Silica
Gel, one of the report’s sectors, is expected to rise at a CAGR of 4.8
percent over the forecast period.
- The
US desiccant wheel market size is expected to reach a
valuation of US$ 177.3 Mn by 2032.
- The
top application for the desiccant wheel market is
pharmaceutical, which is anticipated to rise at a growth rate of 4.5% over
the analysis period.
Competitive Landscape
Airxchange Inc., FlaktGroup, Munters AB, Trane, Inc.,
Proflute AB, DRI Inc., Rotor Source, Greenheck Fan Corporation, and Novelion
Therapeutics, Inc. are some of the major players in the global desiccant
wheel market.
The desiccant wheel market is highly
fragmented, with numerous desiccant wheel manufacturers. These businesses
endure fierce competition and must keep up with current market events in order
to maintain their market position. One of the principal techniques used by
market leaders to maintain their dominance is to form strategic alliances with
end-use industries for supply.
Key Segments
By Type:
- Silica
Gel
- Molecular
Sieve
- Activated
Alumina
- Others
By Application:
- Pharmaceutical
- Food
Industries
- Chemical
- Electronics
- Warehousing
- Others
By Region:
- North
America
- Europe
- Asia
Pacific
- Middle
East and Africa
- South
America
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