Market Research Blog

The global hydraulic cylinder market is expected to advance at 4.6% between 2023 and 2033. The valuation is expected to exceed USD 24 billion by 2033. In 2023, the estimation is likely to be at USD 15.3 billion.

Automotive factories face a massive demand for hydraulic cylinders. In 2021, the automotive market had a mammoth valuation of USD 2.8 trillion and is expected to grow at a robust rate during the forecast period. These figures display massive prospects for the market going ahead.

Hydraulic cylinders are used in the construction sector as well. These are deployed for the preparation of concretes, and also for transferring heavy loads to the construction site. Rapid urbanization in major parts of the world presents a slew of opportunities for the market.

The ability to provide variable speed control ensures that the machine doesn’t deteriorate because of extreme working conditions. Certain kinds of hydraulic cylinders occupy less space, and despite not possessing a massive build, they perform flawless operations. The investors are ready to pour huge amounts of money because of their ability to deliver efficient power-to-weight ratios. All these factors are expected to surge the sales of hydraulic cylinder during the forecast period.

However, the lack of availability of raw materials because of the ongoing supply chain issues is expected to hinder the market growth.

Thus, from the insights provided by the FMI analysts, it can be inferred that the ‘massive automotive market, surging construction sector, the ability to work in extreme conditions and lots of other factors are expected to surge the growth of hydraulic cylinder market during the forecast period.’

Key Takeaways From the Market Study:

• The market is expected to record a CAGR of 4.6% during the forecast period.
• In 2023, the valuation is expected to be at USD 15.3 billion.
• By 2033, the market size is expected to surge past USD 24 billion.
• Asia Pacific is expected to be the dominant market during the forecast period.
• The United States market is expected to record a CAGR of 3.5%.
• The United Kingdom market is expected to register a CAGR of 3.9%.
• China’s market is anticipated to post a growth rate of 6.3%.
• Japan market is projected to surge at 5.1%.
• South Korea market is anticipated to advance at 5.4%.
• Based on product type, welded hydraulic cylinder is expected to be the dominant segment, and is expected to grow at 4.6%.
• Based on application, mobile equipment is anticipated to be the leading segment and is projected to grow at 4.5%.

Competitive Landscapes:

The manufacturers operating in the hydraulic cylinder market are expected to invest in crucial acquisitions. This comes at a time when all the pending projects are done on a priority basis after a brief gap. Apart from that, the intention is to grab the lion’s share of the market. The key players are also pumping in millions of dollars in research and development activities. A lot of emphasis is being laid on sustainable initiatives. With governments worldwide adopting stringent measures to cut down carbon emissions, the key players have started adopting eco-friendly practices, and are making use of green technology.

Recent Developments:

• In October 2022, Caterpillar announced the expansion of its construction industry portfolio with four battery electric machines.
• In December 2022, Eaton expanded its cybersecurity services and added global customer experience sites to help customers address critical infrastructure vulnerabilities.

Significant Players Profiled:

• Caterpillar
• Eaton
• Bosch Rexroth
• Enerpac Tool Group
• KYB Corporation.

Key Segments Covered in Hydraulic Cylinder Industry Research:

By Bore Size:

• <50 mm
• 51 – 100 mm
• 101 – 150 mm
• 151 – 300 mm
• Above 300 mm

By Product:

• Tie-rod Cylinders
• Threaded Cylinders
• Welded Cylinders
• Bolted/ Mill Cylinders
• Telescopic Cylinders
• Other Cylinders

By Application:

• Hydraulic Cylinders for Industrial Equipment
  • Lifts & Aerial Work Platforms
  • Rams & Presses
  • Loading Docks
  • Injection Molding Machines
  • Oil & Gas and Offshore Applications
  • Others
• Hydraulic Cylinders for Mobile Equipment
  • Agricultural & Forestry Vehicles
  • Construction Equipment’s
  • Mining & Material Handling Equipment
  • Others

By Operating Principle:

• Single Acting
• Double Acting
• Multi-stage/ Tandem

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The industrial air filtration market has achieved a commendable valuation of USD 32.2 billion in 2023. This upward trajectory is expected to persist, with an anticipated market value of USD 56.1 billion by 2033. Notably, this growth is supported by a robust Compound Annual Growth Rate (CAGR) of 5.7% projected throughout the forecast period. This consistent expansion underscores the market’s pivotal role in addressing urgent environmental concerns and its capacity to contribute to improved air quality, in line with the broader objective of promoting eco-friendly environments.

The ongoing expansion of the industrial air filtration market is primarily propelled by the imperative within the waste management sector to bolster waste treatment infrastructure while concurrently reducing its environmental impact. As global concerns regarding air pollution intensify, and the consequential impact on the environment becomes increasingly evident, the adoption of industrial air filtration systems has gained paramount significance. These advanced filtration solutions are instrumental in curbing harmful gas emissions and effectively managing odorous compounds, playing a crucial role in fostering environmentally responsible practices.

Various manufacturing sectors, including automotive, heavy machinery, and aerospace, are experiencing a surge in the adoption of efficient air filtration systems. This heightened adoption is driven by the manufacturing companies’ increased focus on ensuring protective equipment, safe working conditions, and effective maintenance cleaning.

The power generation sector is embracing industrial air filtration solutions, particularly in conventional energy production. These systems enable power facilities to comply with stringent environmental regulations while improving operational efficiency. The industry continues to drive demand for industrial air filtration to combat dust and control emissions effectively.

The pharmaceutical and biotechnology sectors prioritize contamination prevention and the enhancement of air quality within their manufacturing processes. Robust air filtration systems are instrumental in maintaining safety, a pristine environment, and superior air quality in these industries.

Manufacturers in the food and beverage sector are increasingly adopting industrial air filtration systems to optimize food processing, uphold hygiene standards, and prevent cross-contamination. These systems are crucial in ensuring the consistent production of high-quality, safe food and beverages.

The metals and mining industries are witnessing a notable uptick in demand for industrial air filtration solutions. These systems are employed to effectively manage emissions, control dust, and handle hazardous chemicals. Moreover, they play a pivotal role in safeguarding workers and promoting environmental sustainability within these industries.

Key Takeaways:

• The industrial air filtration market is predicted to register a CAGR of 5.7% with a valuation of USD 56.1 billion in 2033.
• In the historical period, the market secured a valuation of USD 30.6 billion in 2022.
• The United States is estimated to lead the global market by securing a share of 18.6% by 2033.
• Germany is significantly growing the global market size by capturing a share of 3.7% during the forecast period.
• With a share of 4.1%, Japan is anticipated to drive the global market during the forecast period.
• Australia is projected to capture a share of 1.3% in the global market by 2033.

How Key Players are Advancing the Global Market?

Currently, within fragmented regional markets, there exist prominent vendors who play pivotal roles in the global landscape. These industry leaders have made substantial investments, channeling millions into research and development initiatives. Their commitment to innovation has yielded noteworthy products, capturing the discerning gaze of consumers.

These essential vendors are propelling the global market forward through adept marketing strategies and expertise. Their arsenal of tactics encompasses acquisitions, mergers, strategic product launches, partnerships, collaborative ventures, and further acquisitions, all designed to strategically position themselves for growth and market dominance.

Recent Developments in the Global Market:

• In 2021, Alfa Laval announced to expand its LNG product portfolio by investing a huge amount in gas combustion in Gulf countries.
• In 2021, Donaldson Company announced its acquisition of Solaris. To expand its revenue, the company provides better filtration solutions to the food and beverages sector.
• In 2021, Eaton announced its newly launched Zero-leak Compact Combo Valve to limit hazardous pollution and safely evaporate harmful vapors.

Key Players in the Industry:

AAF; Absolent Group; Lydall Inc; BWF Group; CAMFIL GROUP; Parker Hannifin Corporation; Cummins Inc; Donaldson Co; AGET Manufacturing; Freudenberg & Co. Kg; Lydall Gutsche GmbH & Co; Kayser.

Industrial Air Filtration Market by Category:

By Product:

• Dust Collectors
• Mist Collectors
• HEPA Filters
• CCF
• Baghouse Filters

By Application:

• Cement
• Food
• Cereal ingredients
  • Spices
  • Feed & Raw grain agricultural products
  • Eggshell & dust
  • Sugar dust
  • Flours
  • Corn starches
  • Others
• Metals
  • Grinding
  • Sandblasting
  • Welding Fumes
  • Fine powders
  • Others
  • Power
  • Pharmaceuticals
  • Others

By Region:

• North America
• Europe
• Latin America
• Asia Pacific
• Middle East Africa

Access Report Details for More In-Depth Information:

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The Precision Gearbox Machinery Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Precision Gearbox Machinery market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Precision Gearbox Machinery. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Precision Gearbox Machinery Market is experiencing a notable upsurge, primarily attributed to the rapid advancements in technology within the manufacturing domain. These innovations are playing a pivotal role in enhancing energy efficiency, operational precision, and overall dependability. This transformative trend, closely associated with the emergence of Industry 4.0, has prompted numerous businesses to strategically integrate robotics into their assembly lines. The cutting-edge robotic systems heavily rely on precision gearboxes, recognized for their remarkable attributes such as high torque, low operational noise, and unmatched precision. Orchestrating a synchronized process of precise object retrieval and seamless placement, these robots are effectively raising the bar for production excellence.

Forecasts indicate substantial growth for the precision gearbox machinery market in the forthcoming years. According to recent research analysis from Future Market Insights, the global market is projected to achieve a valuation of US$ 5,250.9 million by the year 2023. Additionally, it is anticipated to further expand to a market value of US$ 8,154.4 million by 2033. During the period between 2023 and 2033, the market is predicted to demonstrate robust growth, with a CAGR of 4.5%.

Browse Full Report Here

The propulsion of industrial growth is projected to gain further momentum through advancements in manufacturing technology, particularly those enhancing energy efficiency, precision, and operational reliability. Embedded within the broader scope of the Industry 4.0 initiative, numerous enterprises are strategically focusing on the integration of robotics to streamline their assembly lines. This reliance on robotics for precise object manipulation necessitates the utilization of precision gearboxes, renowned for their distinguished attributes of high torque and minimal noise levels. Market stakeholders have underscored the maintenance-free design, robust load-bearing capacity, and space-efficient configuration of precision gearboxes as critical advantages.

A recent comprehensive research study conducted by Future Market Insights on the global Precision Gearbox Machinery Market has shed light on unexplored opportunities and potential risks within the industry. The report delivers a thorough analysis of the market, encompassing a detailed segmentation of primary growth drivers, business prospects, market limitations, and anticipated challenges that are poised to define the industry’s trajectory in the forthcoming years. Notably, the industrial automation sector is positioned for a promising trajectory extending into 2022 and beyond, in accordance with the insights provided by FMI.

The surge in machinery utilization across various sectors, coupled with an increasing demand for superior product quality, has emerged as a pivotal driver propelling the expansion of the Precision Gearbox Machinery market within the realm of industrial automation. Industries are progressively adopting automation solutions to enhance productivity while effectively managing labor costs.

Within this framework, Future Market Insights (FMI) has conducted a comprehensive examination of the Precision Gearbox Machinery market, offering a comprehensive and profound understanding of this dynamic landscape. The insights provided by FMI serve as a valuable resource for industry participants, enabling them to devise enduring strategic plans to maintain their competitive edge within the market.

According to the findings presented in FMI’s report, the Precision Gearbox Machinery market is anticipated to demonstrate a significant Compound Annual Growth Rate (CAGR) of 5.8% throughout the forecast period. These insights are elucidated through a meticulous research methodology that integrates both primary and secondary research approaches, leveraging an extensive spectrum of data obtained from diverse sources. This multifaceted approach ensures the delivery of robust estimations and forecasts for the upcoming decade, facilitating informed decision-making within the Precision Gearbox Machinery market.

Understanding the Impact of Covid-19 on Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2022.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2022. However, with relaxation in lockdown, the Precision Gearbox Machinery market has picked up the pace.

The FMI’s recent report talks about the market scenario in the chapter on the Covid-19 impact analysis to aid the market players for the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the Precision Gearbox Machinery market.

Key Questions Answered in the Report

1. What are the key trends and challenges that will affect global Precision Gearbox Machinery market in upcoming years?
2. What are the factors that will influence the Precision Gearbox Machinery market demand?
3. Which region will be the most lucrative for Precision Gearbox Machinery market throughout the forecast period?
4. How will evolving regulatory policies impact the market growth?
5. What is the impact of Covid-19 on the Precision Gearbox Machinery market?

Precision Gearbox Machinery Market: Segmentation

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

Detailed analysis on the geographical region and country wise insights are offered in the latest Precision Gearbox Machinery market report with established market players as well as incumbents in the region.

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

By Prominent Market Players

DMG MORI AKTIENGESELLSCHAFT, DVS Technology Group, EMAG GmbH & Co. KG, Gleason Corporation, Lagun Engineering, Liebherr-International Deutschland GmbH, Matrix Precision Co., Ltd., Nidec Corporation and Reishauer AG.

With a detailed segmentation on segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes important market study including the historical revenue prospects, pricing strategy, and marketing strategy adopted by these players in the Precision Gearbox Machinery market.

Key Segments

By Manufacturing Process:

• Hobbing
• Grinding
• Turning
• Honing

By Product:

• Planetary
• Right Angle
• Parallel

By Application:

• Machine Tools
• Material Handling
• Packaging
• Robotics
• Automobile
• Off-Road Vehicles
• Wind Towers
• Agriculture
• Railways
• Marine

By Region:

• North America
• Latin America
• Asia Pacific
• Europe
• Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global composite insulator market is forecasted to demonstrate a robust 6.4% Compound Annual Growth Rate (CAGR) throughout the evaluation period spanning from 2023 to 2033. By the culmination of 2033, this trend is expected to culminate in a substantial market size of USD 6,413.1 million, increasing from USD 3,433.3 million in 2023.

The demand for composite insulators is growing due to their enhanced performance and durability over traditional materials. Composed of fiberglass reinforced plastic (FRP) and silicone rubber, these insulators provide superior electrical insulation and mechanical strength. They resist cracking, corrosion, and environmental damage, making them ideal for power transmission, railways, and telecommunications. Their lightweight design also makes them easier to handle, install, and transport compared to ceramic or porcelain insulators.

Why do End Users Prefer Composite Insulators Over Traditional Insulators?

Several reasons end users prefer composite insulators as compared to traditional insulators, including:

• High Durability and Strength: The composite insulators are lightweight, better strengthened, and highly durable than traditional ones. The traditional insulators are made up of glass, making them easily damaged.
• Excellence Performance: The demand for composite insulators is increasing due to their better environmental conditions, withstanding hot temperature, and protection from UV radiation.
• Easy to Handle: Composite insulators are light in weight and may handle easily compared to other insulators. They are easy to transport, reduce maintenance and labor costs, and install quickly.
• Electrical Performance: composite insulators have excellent electrical properties that lower the risk of short circuits and improve efficiency.

These are a few reasons or benefits that end users prefer composite insulators to traditional insulators. Composite insulators are a prior choice in several end-use industries such as residential, railways, telecommunication, and utilities.

Key Takeaways:

• The composite insulators market is anticipated to capture a valuation of USD 3.7 billion with a CAGR of 5.8% by 2033.
• The United States is anticipated to secure a share of 15.1% in the global market by 2033.
• Germany is significantly growing the global market by registering a share of 4.8% during the forecast period.
• Historically, the market registered a valuation of USD 2 billion in 2022.
• In the historic period, the market captured a share of 3.9% between 2018 and 2022.

Other Prominent Players in the Market are:

• Siemens AG
• Seves Group
• Hubbell Incorporated
• General Electric Company
• Aditya Birla Nuvo Ltd
• Bharat Heavy Electricals Limited
• TE Connectivity Ltd
• Alstom SA
• ABB Ltd
• Lapp Insulators GmbH

Recent Developments in the Global Composite Insulators Market are:

• In 2021, Lapp Insulators announced its new project in Brazil. The company supplies composite insulators for 100km transmission construction in the country.
• In 2020, General Electric announced its newly launched highly voltage disconnection switch. It is made to use as a composite insulator.
• In 2021, TE Connectivity announced to launch its new composite insulators for railways. The insulators are long-lasting, high-performance, reliable, and reduce carbon footprints.
• In 2021, Siemens Energy launched its new composite insulator with a high voltage. These insulators are designed for high weather conditions such as heavy ice loads.
• In 2021, General Electric launched its new composite insulators that reduce electric risk, track electricity and improve reliability.

Market by Category:

By Voltage:

• High Voltage
• Medium Voltage
• Low Voltage

By Application:

• Cables & Transmission Lines
• Switchgears
• Transformers
• Bus Bars

By Product:

• Pin Insulators
• Suspension Insulators
• Shackle Insulators

By End Use:

• Residential
• Utilities

Region:

• North America
• Europe
• Latin America
• Asia Pacific
• The Middle East and Africa

Access Report Details for More In-Depth Information:

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The Desiccant Wheel Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Desiccant Wheel market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Desiccant Wheel. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

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.

According to a desiccant wheel market assessment, the general humidity content of the atmosphere has changed significantly over the past few decades as a result of rising carbon dioxide levels and rising atmospheric temperatures.

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 electronics, pharmaceuticals, chemicals, food and beverage, and other sectors are exclusively presenting a tremendous increase in demand and infrastructure development.

Browse Full Report Here

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.

Key Takeaways From the Desiccant Wheel Market Study:

• 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.

Key Players Operating in the Desiccant Wheel Market

• Munters
• NovelAire Technologies
• DRI
• Trane
• Rotor Source Inc.

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube