The global desiccant wheel market is projected to rise at a CAGR of 5.1% through the forecast period of 2022 to 2032, rising from an initial valuation of US$ 431.5 Mn in 2022 to US$ 708.4 Mn in 2032.
Desiccant dehumidifiers have proven to be significantly more effective and faster than compressor-based dehumidifiers, increasing desiccant wheels’ market share. Rising electricity costs, as well as the portability of desiccant dehumidifiers, are expected to drive up global demand for desiccant wheels.
The primary driver of the global desiccant wheel market is the rapid expansion of infrastructure demonstrated by a wide range of industry verticals worldwide. Several companies in the electronics, pharmaceuticals, chemicals, food and beverage, and other industries are experiencing significant growth in demand and infrastructure development.
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Desiccant wheels are in high demand from a variety of industry verticals, including food and beverage, chemicals, and pharmaceuticals, for sustaining regulatory criteria related to relative humidity (RH) levels in production infrastructures.
Because of lower electricity costs and the portability of desiccant dehumidifiers, the desiccant wheel market adoption trends are expected to gain global appeal in the coming years.
Furthermore, desiccant dehumidifiers have proven to be far more effective than compressor-based dehumidifiers in extracting moisture in short time spans.
In recent years, the food and beverage, pharmaceutical, chemical, and electronics industries, among others, have seen promising growth. All of the industries mentioned above are subject to stringent government regulations.
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.
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