The global desiccant wheel market is expected to record a CAGR of 4.3% during the forecast period. The market is anticipated to be valued at US$ 448.4 million in 2023 and is projected to reach US$ 683.2 million by 2033.
Several companies in electronics, pharmaceuticals, chemicals, food and beverage, and other industries are exclusively presenting a tremendous increase in sales of desiccant wheels and infrastructure development. In the forecasted period, the rise of these industries resulted in a significant demand for desiccant wheels.
The demand for desiccant wheels is anticipated to rise as they can be reused after moisture is removed from the desiccant, lowering overall operating costs and making this method cost-effective for a variety of industries. As a result, the desiccant wheel market is expected to grow during the forecast period.
The demand for desiccant wheels is rising as they are effective and fast compared to compressor-based dehumidifiers, boosting the desiccant wheel market growth. Furthermore, increasing electricity costs and the portability of desiccant dehumidifiers are expected to boost the sales of desiccant wheels.
The rapid expansion rate in infrastructure displayed by several industry verticals around the world is the main driver of the global desiccant wheel market share. Several companies in electronics, pharmaceuticals, chemicals, food and beverage, and other sectors are exhibiting a significant increase in demand for desiccant wheels. In the anticipated period, the rise of these industries increases the sales of desiccant wheels.
Desiccant wheels can also absorb atmospheric moisture in considerably short periods, which has boosted the global market share. Increased awareness of the advantages of preserving indoor air quality in commercial sectors such as workplaces and malls is expected to drive market expansion. However, the high cost of dehumidifiers and the product's seasonality are the market's significant limitations. Market opportunities are projected to be attractive as consumers' living standards improve and their disposable income rises.
| Attributes | Details |
|---|---|
| Global Market Valuation in 2022 | US$ 431.2 million |
| Estimated Global Market Share in 2023 | US$ 448.4 million |
| Forecasted Global Market Size by 2033 | US$ 683.2 million |
| Projected Global Market Growth Rate from 2023 to 2033 | 4.3% CAGR |
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COVID-19 had a negative impact on the overall market worldwide. The sales of desiccant wheels also declined due to severe disruptions in respective manufacturing and supply-chain operations. Furthermore, due to various precautionary lockdowns and other limitations imposed by the government, the demand for desiccant wheels saw a key setback.
The aforementioned factors are likely to affect the sales of desiccant wheels and overall market revenue growth over the forecast period. The global market is likely to recover as regional government bodies have lifted the lockdowns and limitations.
The demand for desiccant wheels is growing in various industries as they capture water vapor or moisture using desiccant materials. The sales of desiccant wheels are rising as they are a good alternative for maintaining humidity levels at sub-zero temperatures because the process does not create water.
The demand for desiccant wheels is growing in multiple industries like the food and beverage sector, medical centers, commercial buildings, hotels, and manufacturing sites. The sales of desiccant wheels and the global market for desiccant wheels are expected to grow as a result of:
Due to the growing use of these devices in a variety of settings to maintain occupant health and comfort, the market is gaining traction. Factors including expanding urbanization, rising disposable income, and changing climatic conditions are significant factors propelling the sales of desiccant wheels. The demand for desiccant wheels is rising as they are becoming popular in industrial settings that require precise humidity and temperature levels.
Packaging, food, operating rooms, storage, and clean rooms are a few of the sectors and industries that contribute greatly to increased sales of desiccant wheels to maintain optimum humidity levels. The market is likely to benefit from the implementation of severe energy and sustainability criteria in several nations. Many nations are developing new energy-saving regulations for domestic dehumidifier appliances.
Food and beverage, pharmaceutical, chemical, and electronics industries, among others, have recently been subjected to stringent government and legal regulations. All of the aforementioned industries have witnessed high demand for desiccant wheels in recent years, as they are widely used to achieve the required humidity level. The sales of desiccant wheels are rising as they have many advantages over traditional dehumidification methods such as thermal wheels and compressor-driven dehumidifiers.
After the moisture from the desiccant has been removed, the desiccant wheel can be reused. This feature of the desiccant wheel helps to reduce overall operating costs, making this method suitable for a variety of industries. As a result, the market share is expected to grow significantly in the forecast period.
Principal Consultant
During the forecast period, silica gel dominated the global market. Silica gel is predicted to dominate the market with a CAGR of 4.8% due to the low cost of silica gel compared to other options. Silica gel desiccant wheels are also recognized for having excellent moisture adsorption characteristics, resulting in dry air production.
Several regulatory agencies consider silica gel desiccants to be safe for use in the food and beverage industry. Also, because silica gel is non-flammable and has a long shelf life, it makes for long-lasting desiccant wheels.
| Category | By Product Type |
|---|---|
| Top Segment | Silica Gel |
| Market Share in Percentage | 41% |
| Category | By Application |
|---|---|
| Top Segment | Pharmaceuticals |
| Market Share in Percentage | 35.2% |
Based on application, the pharmaceutical industry dominated the market with a CAGR of 4.5%. The demand for desiccant wheels in the pharmaceutical industry dominated the overall market in 2019, owing to the notable expansion in infrastructure in the pharmaceutical sector.
Chemical companies, including pharmaceutical businesses, use desiccant wheels on a wide scale to control humidity levels within the production plant and maintain the best possible environment. As a result of this, the desiccant wheel market is projected to grow steadily during the forecast period.
In the pharmaceutical industry, tablet surfaces are designed to be exceptionally hygroscopic, as well as in the chemical industry, where the surface or area does not need to be humidified.
| Regions | CAGR (2023 to 2033) |
|---|---|
| The United States of America Market | 4.3% |
| The United Kingdom Market | 3.8% |
| China Market | 5.2% |
| Germany Market | 4.5% |
| India Market | 5.8% |
During the forecast period, the desiccant wheels market in North America is anticipated to be most prominent. The United States of America market is anticipated to expand with a CAGR of 4.3%.
In recent years, the pharmaceutical and chemical industries have used desiccant wheels for dehumidification, helping North America’s desiccant wheels market to stay ahead of other regional markets. Pharmaceutical manufacturing units require a regulated atmosphere because these compounds are highly reactive to moisture.
The raw ingredients used to make tablets are particularly hygroscopic, meaning they absorb moisture quickly. Moisture can alter the final product's weight, quality, and hardness. Chemical production businesses, meanwhile, must maintain certain humidity levels within their facilities, as various compounds have negative reactions when exposed to moisture.
| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| The United States | 15.1% |
| Germany | 5.5% |
| Japan | 6.2% |
| Australia | 0.9% |
Asia Pacific’s desiccant wheels market is expected to outpace North America, expanding at a CAGR of 6.2 percent during the forecast period, owing to the factors such as
The manufacturing sector in growing economies such as China and India is expected to drive the desiccant wheel market in Asia Pacific. These countries have a large number of manufacturing plants, which are predicted to increase in number over the projection period. Moreover, during the forecast period, the market is likely to be driven by a growing concentration of desiccant wheel manufacturers and product variants with comparatively cheap pricing.
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The market is highly fragmented, with numerous desiccant wheel manufacturers. These businesses endure fierce competition and must keep up with current market events 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.
Recent Developments in the Desiccant Wheel Market:
The market is valued at US$ 448.4 million by the end of 2023.
Munters, NovelAire Technologies, and DRI, are leading industry players.
The desiccant wheel industry is set to surge at a CAGR of 4.3% from 2023 to 2033.
Silica Gel segment is likely to lead the market during the forecast period.
Stringent regulations drive the demand in food, pharmaceuticals, and electronics industry.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2023 to 2033 5.3.1. Silica Gel 5.3.2. Molecular Sieve 5.3.3. Activated Alumina 5.3.4. Others 5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033 6.3.1. Pharmaceutical 6.3.2. Food Industries 6.3.3. Chemical 6.3.4. Electronics 6.3.5. Warehousing 6.3.6. Others 6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Type 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Type 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Type 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Type 9.3.3. By Application 9.4. Key Takeaways 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. U.K. 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Type 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Type 10.3.3. By Application 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Singapore 11.2.1.5. Thailand 11.2.1.6. Indonesia 11.2.1.7. Australia 11.2.1.8. New Zealand 11.2.1.9. Rest of Asia Pacific 11.2.2. By Type 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Type 11.3.3. By Application 11.4. Key Takeaways 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of MEA 12.2.2. By Type 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Type 12.3.3. By Application 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. U.S. 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2022 13.1.2.1. By Type 13.1.2.2. By Application 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2022 13.2.2.1. By Type 13.2.2.2. By Application 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2022 13.3.2.1. By Type 13.3.2.2. By Application 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2022 13.4.2.1. By Type 13.4.2.2. By Application 13.5. Germany 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2022 13.5.2.1. By Type 13.5.2.2. By Application 13.6. U.K. 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2022 13.6.2.1. By Type 13.6.2.2. By Application 13.7. France 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2022 13.7.2.1. By Type 13.7.2.2. By Application 13.8. Spain 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2022 13.8.2.1. By Type 13.8.2.2. By Application 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2022 13.9.2.1. By Type 13.9.2.2. By Application 13.10. China 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2022 13.10.2.1. By Type 13.10.2.2. By Application 13.11. Japan 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2022 13.11.2.1. By Type 13.11.2.2. By Application 13.12. South Korea 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2022 13.12.2.1. By Type 13.12.2.2. By Application 13.13. Singapore 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2022 13.13.2.1. By Type 13.13.2.2. By Application 13.14. Thailand 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2022 13.14.2.1. By Type 13.14.2.2. By Application 13.15. Indonesia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2022 13.15.2.1. By Type 13.15.2.2. By Application 13.16. Australia 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2022 13.16.2.1. By Type 13.16.2.2. By Application 13.17. New Zealand 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2022 13.17.2.1. By Type 13.17.2.2. By Application 13.18. GCC Countries 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2022 13.18.2.1. By Type 13.18.2.2. By Application 13.19. South Africa 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2022 13.19.2.1. By Type 13.19.2.2. By Application 13.20. Israel 13.20.1. Pricing Analysis 13.20.2. Market Share Analysis, 2022 13.20.2.1. By Type 13.20.2.2. By Application 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Type 14.3.3. By Application 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. Munters AB 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. Rotor Source, Inc. 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. Seibu Giken DST AB 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. FläktGroup Holding GmbH 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. NovelAire Technologies, LLC 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. Trane Technologies plc 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. Greenheck Fan Corporation 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. Bry-Air (Asia) Pvt. Ltd. 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 15.1.9. Trotec GmbH 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.9.5.3. Channel Strategy 15.1.10. Munters Corporation 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.10.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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Desiccant Wheel Market
