The desiccant wheel is one of the various methods used for dehumidification. It consists of a rotating wheel that absorbs moisture from the air allowed to pass through it. It consists of a rotating wheel for absorbing moisture from the nearby surrounding by allowing the air to pass through it. The wheel is either coated with a desiccant material or the material is kept inside the hollow wheel. The desiccant material absorbs any kind of moisture in a closed atmosphere granting complete control over the humidity in the area. The desiccant used to absorb moisture can be reused by removing moisture from it. Therefore, desiccant wheel offers better humidity control than compressor dehumidifier and thermal wheels at relatively lower operating cost. Consequently, the demand for the desiccant wheel for humidity control is expected to grow even further in the following years.

In past few years, rising atmospheric temperature has resulted in the rise of global humidity level. Higher humidity level offers undesirable working environment for many industrial verticals such as pharmaceutical, chemical, and food industries. Most of the chemicals and ingredients used in aforementioned industries have a tendency to absorb moisture. The moisture degrades the quality of these ingredients making them undesirable for further processing or consumption. The hygroscopic material used in this industry can absorb humidity making them undesirable to be used for further processing. In order to maintain the humidity level in the processing premises, these industries extensively make use of desiccant wheels. The time required by the desiccant wheel for absorbing the moisture is comparatively less than the other dehumidifying methods such as compressor dehumidifier and thermal wheels. In addition, the desiccant wheel also aids in maintaining stringent regulations laid by the government authorities for maintaining the suitable conditions for the aforementioned industries. The ability to reuse desiccant material in the wheel makes it cost effective than compressor-driven dehumidifier or thermal wheel. Therefore, the desiccant wheel market is expected to rise even further during the forecast period.

The report titled “Desiccant Wheel Market- Growth, Future Prospects and Competitive Landscape, 2023-2030” offers strategic insights into the global desiccant wheel market with a focus on the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of market segments based on desiccant types, application and cross-sectional study across different geographies. The study covers the comparative analysis of each sub-segment for the years 2021-2030. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading desiccant wheel manufacturers, their strategies, market positioning and key developments. Some of the major players profiled in the report include 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., and Fläkt Woods Group. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the desiccant wheel.
• Market fuellers, market impediments, and their impact on the market growth
• Market inclination insights and key trend analysis for desiccant wheel market
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2020 – 2021)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global desiccant wheel market, offering market size and estimates for the period from 2023 to 2030, keeping in mind the above-mentioned factors.

As of 2021, the silica gel desiccant wheels segment dominated the overall desiccant wheels market worldwide. Silica gel based desiccant wheels attributed to more than 60% of the total market share in the overall desiccant wheel market. On account of factors such as higher availability and ease of use, silica gel has gained immense popularity for producing desiccant wheels. In addition, silica gel based desiccant wheels are regarded as one of the safety dehumidifiers that can be used in food and beverages industry. Thereby, these desiccant wheels have experienced higher degree of adoption all across the globe.

Molecular sieve segment trails the silica gel in terms of revenue, as of 2021. Molecular sieve offer similar advantages that of silica gel. However, at relative humidity above 40% the ability of molecular sieve to absorb moisture reduces. Consequently, the molecular sieves are used for a limited end-use applications such as packaging industries. In the following years, the demand for molecular sieve is expected to rise steadily.

As of 2021, the pharmaceutical end-use application dominated the overall desiccant wheels market worldwide. Pharmaceutical companies need to maintain atmospheric humidity level and must have precise control over moisture content. Especially, the units having the capacity for making tablets. Most of the ingredients used in pharmaceutical companies are hygroscopic in nature. Consequently, this end-use application extensively uses desiccant wheels for dehumidification. These wheels are chemically stable and do not react with most of the elements thus, making it safe to use in such conditions. With consistent rise in the pharmaceutical sector, it is expected that the desiccant wheel market will also show a positive growth throughout the forecast period.

In 2021, chemical industry trailed the pharmaceutical end-use application in the overall desiccant wheels market in terms of revenue. Desiccant wheels are chemically inactive and are completely non-flammable. These properties are suitable for a chemical plant or processing units. Faster operation helps the chemical industry to have complete control over the moisture content within the premises. Growing chemical industries and increased adoption of the desiccant wheels for moisture absorption have resulted in the rise of desiccant wheel market.

North America dominated the overall desiccant wheels market in terms of revenue, as of 2021. The North America market is backed by the extensive use of the desiccant wheels in the pharmaceutical and chemical industries. With strong pharmaceuticals and chemical industries, the overall market for desiccant wheels is expected to remain strong in the North American region throughout the forecast period.

In 2021, Asia Pacific trailed North America in the overall desiccant wheels market. Blooming manufacturing sector coupled with rising needs of HVAC equipment have escalated the demand for desiccant wheels in this region. Desiccant wheel is a fast, efficient and economical way to control the moisture content. Therefore, these wheels are adopted on a large scale by various end-use application across the growing economies of Asia Pacific. The market for the desiccant wheel in Asia-Pacific is expected to surpass the North American market during the forecast period.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Desiccant Wheel market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Desiccant Wheel market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Desiccant Wheel market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Desiccant Wheel market?
• Which is the largest regional market for Desiccant Wheel market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Desiccant Wheel market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Desiccant Wheel market worldwide?