Global Desiccant Wheel Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Desiccant Type;

Silica Gel, Molecular Sieve, Activated Alumina and Others.

By Application;

Pharmaceutical, Food Industries, Chemical, Electronics, Warehousing and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn561706799 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Desiccant Wheel Market (USD Million), 2020 - 2030

In the year 2023, the Global Desiccant Wheel Market was valued at USD 206.62 million. The size of this market is expected to increase to USD 294.64 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.

The global desiccant wheel market is experiencing a significant surge in demand, driven by the increasing need for effective humidity control solutions across various industries. Desiccant wheels, also known as dehumidification wheels or sorption wheels, are innovative devices used to remove moisture from air streams, making them essential components in air conditioning, ventilation, and drying systems. As industries prioritize indoor air quality, energy efficiency, and product preservation, desiccant wheels have emerged as indispensable tools for maintaining optimal humidity levels in diverse environments.

The desiccant wheel market is witnessing robust growth propelled by several key factors. Firstly, stringent regulatory standards and increasing awareness of indoor air quality are driving the adoption of desiccant wheel systems in commercial, residential, and industrial buildings. These systems effectively remove excess moisture from indoor air, preventing mold growth, reducing allergens, and enhancing occupant comfort and well-being.

The rise in energy-efficient and sustainable building designs is fueling demand for desiccant wheel technology. Desiccant wheels enable energy recovery and humidity control in HVAC (Heating, Ventilation, and Air Conditioning) systems, reducing energy consumption and improving overall system efficiency. As sustainability becomes a top priority for building owners and operators, desiccant wheels offer a compelling solution to meet environmental goals while enhancing indoor air quality and comfort.

Desiccant wheels find extensive use in industrial applications such as pharmaceuticals, food processing, and electronics manufacturing, where precise humidity control is essential for product quality and production processes. Desiccant wheel systems facilitate moisture removal from air streams, preventing condensation, preserving product integrity, and ensuring compliance with stringent regulatory requirements.

In addition to traditional HVAC and industrial applications, the desiccant wheel market is expanding into emerging sectors such as indoor farming, data centers, and automotive manufacturing, where humidity control is critical for optimal performance and product quality. As these industries continue to evolve and grow, the demand for desiccant wheel technology is expected to increase, presenting lucrative opportunities for market players.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Desiccant Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Desiccant Wheel Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Awareness of Indoor Air Quality
        2. Stringent Regulatory Standards
        3. Energy Efficiency and Sustainability Initiatives
        4. Rise in Industrial Applications
      2. Restraints
        1. High Initial Cost
        2. Maintenance and Operational Complexity
        3. Limited Efficiency in Certain Climates
        4. Space and Installation Requirements
      3. Opportunities
        1. Rising Demand for Indoor Air Quality Solutions
        2. Energy Efficiency Regulations and Incentives
        3. Expansion of Industrial Applications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Desiccant Wheel Market, By Desiccant Type, 2020 - 2030 (USD Million)
      1. Silica Gel
      2. Molecular Sieve
      3. Activated Alumina
      4. Others
    2. Global Desiccant Wheel Market, By Application, 2020 - 2030 (USD Million)
      1. Pharmaceutical
      2. Food Industries
      3. Chemical
      4. Electronics
      5. Warehousing
      6. Others
    3. Global Desiccant Wheel Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Munters
      2. NovelAire Technologies
      3. DRI
      4. Trane
      5. Rotor Source, Inc.
      6. Seibu Giken DST AB
      7. Proflute AB
      8. Airxchange Inc.
      9. Greenheck Fan Corporation
      10. Fläkt Woods Group
  7. Analyst Views
  8. Future Outlook of the Market

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