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Desiccant Wheel - Global Strategic Business Report

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    Report

  • 243 Pages
  • December 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5141567
The global market for Desiccant Wheel was estimated at US$435.6 Million in 2023 and is projected to reach US$618.9 Million by 2030, growing at a CAGR of 5.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Desiccant Wheel Market - Key Trends & Drivers Summarized

What Makes Desiccant Wheels Essential in HVAC Systems?

Desiccant wheels are integral components in HVAC (Heating, Ventilation, and Air Conditioning) systems, playing a vital role in humidity control and energy efficiency. These wheels absorb moisture from the air, making them crucial in maintaining optimal indoor air quality in various environments, including commercial buildings, manufacturing facilities, and healthcare settings.

With the rising focus on indoor air quality (IAQ) and the growing adoption of green building standards, the use of desiccant wheels is becoming increasingly widespread. As energy costs continue to rise, industries are turning to energy-efficient solutions like desiccant wheels to reduce operational expenses while maintaining regulatory compliance and ensuring the comfort and health of building occupants.

How Are Technological Innovations Enhancing Desiccant Wheel Efficiency?

Technological advancements in material science and design are significantly enhancing the efficiency and performance of desiccant wheels. The development of silica gel and molecular sieve-coated wheels offers improved moisture absorption rates and longevity, making these products more effective in maintaining precise humidity levels. Innovations in wheel design, such as segmented and modular wheels, are increasing the flexibility and energy efficiency of HVAC systems, enabling easier maintenance and integration into existing infrastructures. Moreover, the integration of smart control systems allows for real-time monitoring and adjustment of humidity levels, optimizing energy use and improving the overall efficiency of HVAC operations. These technological developments are making desiccant wheels more versatile and effective, meeting the needs of modern, energy-conscious industries.

How Are Industry-Specific Requirements Driving the Adoption of Desiccant Wheels?

The need for precise humidity control in industries such as pharmaceuticals, food processing, and data centers is a key factor driving the adoption of desiccant wheels. In the pharmaceutical and food sectors, maintaining specific humidity levels is crucial for ensuring product quality and safety. Desiccant wheels help these industries meet stringent regulations while optimizing production environments.

In data centers, maintaining low humidity levels is essential to prevent equipment malfunction and downtime, making desiccant wheels an integral component of climate control systems. The growing trend of green buildings and sustainable construction practices is also contributing to the adoption of desiccant wheels, as these solutions align with energy efficiency and LEED certification requirements, making them increasingly popular in new construction projects.

What Factors Are Driving the Growth of the Desiccant Wheel Market?

The growth in the desiccant wheel market is driven by several factors, including the rising demand for energy-efficient HVAC systems, the increasing focus on indoor air quality, and the growing adoption of green building certifications. The need for precise humidity control in critical industries such as pharmaceuticals, food processing, and data centers is a major driver, as these sectors require optimized environments to maintain product quality and equipment performance.

Technological advancements, such as the development of advanced desiccant materials and smart control systems, are enhancing the performance and energy efficiency of desiccant wheels, making them more appealing to a broader range of applications. Additionally, the emphasis on sustainable construction practices and green buildings is further promoting the adoption of desiccant wheels, as they provide an efficient solution for maintaining air quality while reducing energy consumption. These factors collectively contribute to the strong growth and expanding applications of desiccant wheels across various sectors.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Silica Gel segment, which is expected to reach US$273.6 Million by 2030 with a CAGR of a 5.4%. The Molecular Sieve segment is also set to grow at 4.7% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $116.7 Million in 2023, and China, forecasted to grow at an impressive 8.3% CAGR to reach $136.0 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Desiccant Wheel Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Desiccant Wheel Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Desiccant Wheel Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players in the Global Desiccant Wheel Market such as Airxchange, Inc., DRI Inc. (Desiccant Rotors International, Inc.), FlaktGroup, Greenheck Fan Corporation, Munters AB and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 44 companies featured in this Global Desiccant Wheel market report include:

  • Airxchange, Inc.
  • DRI Inc. (Desiccant Rotors International, Inc.)
  • FlaktGroup
  • Greenheck Fan Corporation
  • Munters AB
  • Proflute AB
  • Rotor Source
  • Seibu Giken DST AB
  • Trane, Inc.
  • NICHIAS Corporation

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 and a Looming Global Recession
  • Desiccant Wheel - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rising Demand for Energy-Efficient HVAC Systems
  • Increasing Use of Desiccant Wheels in Industrial Drying Applications
  • Technological Innovations in Desiccant Materials for Improved Performance
  • Expansion of Green Building Initiatives Driving Adoption
  • Surge in Demand for Humidity Control Solutions in Data Centers
  • Growing Focus on Indoor Air Quality (IAQ) in Commercial Buildings
  • Adoption of Desiccant Wheels in Pharmaceutical and Food Processing Industries
  • Integration of Smart Technologies for Real-Time Monitoring and Efficiency
  • Expansion of HVAC Systems in Emerging Markets Supporting Market Growth
  • Development of Lightweight and Modular Desiccant Wheel Systems
  • Rising Demand for Renewable and Eco-Friendly HVAC Solutions
  • Increasing Application of Desiccant Wheels in Automotive Climate Control
  • Advancements in Wheel Design for Improved Moisture Absorption and Longevity
  • Surge in Demand for Desiccant Wheels in Cold Storage Facilities
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Desiccant Wheel Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Desiccant Wheel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Desiccant Wheel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Desiccant Wheel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Silica Gel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Silica Gel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Silica Gel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Molecular Sieve by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Molecular Sieve by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Molecular Sieve by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Activated Alumina by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Activated Alumina by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Activated Alumina by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Pharmaceuticals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Food by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Food by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Food by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Chemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Chemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Chemicals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for Warehousing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 30: World Historic Review for Warehousing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 31: World 16-Year Perspective for Warehousing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 32: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 33: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 34: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Desiccant Wheel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Desiccant Wheel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Desiccant Wheel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Desiccant Wheel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Desiccant Wheel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Desiccant Wheel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Desiccant Wheel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Desiccant Wheel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Desiccant Wheel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Desiccant Wheel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Desiccant Wheel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Desiccant Wheel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Desiccant Wheel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned

Some of the 44 companies featured in this Global Desiccant Wheel market report include:
  • Airxchange, Inc.
  • DRI Inc. (Desiccant Rotors International, Inc.)
  • FlaktGroup
  • Greenheck Fan Corporation
  • Munters AB
  • Proflute AB
  • Rotor Source
  • Seibu Giken DST AB
  • Trane, Inc.
  • NICHIAS Corporation

Table Information