Desiccant Wheel Market Size & Growth Analysis to 2030

The global desiccant wheels market size is accounted to register a significant growth rate of 5.3% during the forecast period 2021 to 2027 and expected to reach over USD 540 million by 2027. The increasing demand for dehumidification in the pharmaceuticals and the food processing industry across the globe is a primary factor to drive the market growth. The food processing market is expected to grow at a sustainable CAGR of over 4% and projected to cross USD 4 Trillion by 2025. Furthermore, the pharmaceutical market was valued at around USD 1.25 trillion in 2019.

Furthermore, the several merits over compressor-based dehumidification is expected to drive the overall market significantly. Compliance with the advanced material science and system up-gradation is expected to propel the market throughout the forecast period. High initial costs are expected to hamper the adoption of the desiccant wheel across different industrial verticals.

Report Attributes:

Market Insights:

The global desiccant wheels market is bifurcated into type, application, and geography. On the basis of type, the market is further segmented into silica gel, molecular sieve, activated alumina, and others. The silica gel segment held the largest market share and accounted to hold a major share of over 61% of the market and expected to maintain its dominance over the forecast period. The segment growth is attributed to the factors such as low cost, easy availability, and ease of usage. The molecular sieve segment is accounted to hold the second-largest market share and expected to grow at a significant CAGR of over 5% during the forecast period.

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By application, the desiccant wheels market is segmented into pharmaceuticals, chemicals, food & beverages, electronics, warehouse, and others. The food & beverage segment is accounted to hold the largest market share around 30% share of the market in terms of revenue. The continuous growth in the processed food industry has created a significant demand for desiccant dehumidification which in turn boosted the demand for desiccant wheels. Furthermore, the pharmaceuticals segment is expected to grow at the fastest growth rate over the forecast period and accounted to hold a major market share of over 23% of the market share.

The desiccant wheels comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2020 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Historical & Forecast Period

• 2018-19 – Historical Year
• 2020 – Base Year
• 2021-2027 – Forecast Period

Market Segmentation:

By Type:

• Silica Gel
• Molecular Sieve
• Activated Alumina
• Others

By Application:

• Pharmaceuticals
• Chemical
• Food & Beverages
• Electronics
• Warehouse
• Others

By Region:

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

Geographic Coverage:

Geographically, North America dominated the desiccant wheels market and accounted to hold over 35% of market share in terms of revenue. The rapid growth in the pharmaceuticals and processed food industry has contributed the regional growth. Moreover, North America is expected to maintain its dominance over the forecast period. However, the Asia Pacific is the second largest region which is accounted to hold a significant market share in terms of revenue. The region growth is attributed to the increasing industrial manufacturing and processing.

Competition Assessment:

Key players operating in the global desiccant wheels market are Desiccant Technologies Group, Innovative Air Technologies, Polygon AB, NovelAire Technologies, Munters, Rotor Source, Inc., and Desiccant Rotors International Pvt. Ltd. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Desiccant Technologies Group
• Innovative Air Technologies
• Polygon AB
• NovelAire Technologies
• Munters, Rotor Source, Inc.
• Desiccant Rotors International Pvt. Ltd.
• Trane Inc.
• Proflute AB
• Seibu Giken DST AB
• Airxchange Inc.
• Fläkt Woods Group

Key Questions Answered by Desiccant wheels Market Report:

• Global desiccant wheels market forecasts from 2021-2027
• Regional desiccant wheels market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
• Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
• Desiccant wheels submarket forecasts from 2021-2027 cover the market by type, by application, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the desiccant wheels market
• Analysis of the key factors driving and restraining the growth of the global, regional and country-level desiccant wheels markets from 2021-2027
• Competitive Landscape and market positioning of top 10 players operating in the desiccant wheels market