Industry Background:
The desiccant wheel is a type of dehumidifier made of solid desiccant like silica gel and molecular sieve, its consists of components like desiccant material, clapboard, wheel case, air heater and driving motor etc. Its desiccate material is coated, impregnated, and formed by the support of rotor structure. The desiccant wheel works for longer period of time and provides efficiency. It is widely used in pharmaceuticals, chemical, food and electronics industry.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Seibu Giken (Sweden), Proflute AB (Sweden), Trane Technologies Inc. (Ireland), FlaktGroup SEMCO (United States), Airxchange (United States), NovelAire (United States), NICHIAS Corporation (Japan), Rotor Source (United States) and DRI (United States) |
According to AMA, the market for Desiccant Wheel is expected to register a CAGR of 5.5% during the forecast period to 2030. This growth is primarily driven by Growing Demand for Production and Distribution of Pharmaceutical Products and Need for Providing Chemical Products Dry and Stable Environment Lower with Lesser Usage of Energy.
Globally, a noticeable market trend is evident Increasing Consumption of Desiccant Wheel in the Food Industry Major Manufacturers, such as Seibu Giken (Sweden), Proflute AB (Sweden), Trane Technologies Inc. (Ireland), FlaktGroup SEMCO (United States), Airxchange (United States), NovelAire (United States), NICHIAS Corporation (Japan), Rotor Source (United States) and DRI (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market
Key Developments in the Market:
In July 2023, Desiccant dehumidifier manufacturer Munters Corporation partnered with Mitsubishi Heavy Industries (MHI) to develop and commercialize energy-efficient desiccant dehumidification systems for data centers.
In September 2023, Desiccant dehumidifier manufacturer Honeywell unveiled its Enviracaire DX 1000 desiccant dehumidifier, designed for large-scale industrial drying applications.
Regulatory Insights:
"According to NREL is a U.S. Department of Energy Laboratory Standard 139 defines two primary figures of merit for comparing desiccant wheel performance. They are Moisture Removal Capacity (MRC), referred to here as performance and Regeneration Specific Heat Input (RSHI), referred to here as energy efficiency. MRC is presented as mass of moisture removed per hour, (lbs/hr or kg/hr), and RSHI as hourly regeneration energy supplied to the device, normalized by MRC, (kBtu/lb or kJ/kg)."
Influencing Trend:
Increasing Consumption of Desiccant Wheel in the Food Industry
Market Growth Drivers:
Growing Demand for Production and Distribution of Pharmaceutical Products and Need for Providing Chemical Products Dry and Stable Environment Lower with Lesser Usage of Energy
Challenges:
Stiff Competition in the Desiccant Wheel Market
Restraints:
Regulatory Standards and Guidelines on Energy Efficiency of Desiccant Wheel
Opportunities:
Surging Demand for Desiccant Wheel from the Developing Nations with the Growing Food, Chemical and Pharmaceutical Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Desiccant Wheel Market
- Analysis about New Entrants in Desiccant Wheel Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Desiccant Wheel Study Sheds Light on
The Desiccant Wheel Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Desiccant Wheel industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Desiccant Wheel industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.