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 |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
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.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
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
Explore Industrial Automation Insights
View Reports
Desiccant Wheel Market
