Desiccant wheel market by desiccant type (silica gel, molecular sieve, activated alumina), by application (pharmaceuticals, chemical, food and beverages, electronics, warehouse), by country (u.s., rest of north america), by region (u.k., germany, france, rest of europe) - growth, future prospects, and competitive analysis, 2015 -2025

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, the desiccant wheel offers better humidity control than compressor dehumidifiers and thermal wheels at relatively lower operating costs. Consequently, the demand for the desiccant wheel for humidity control is expected to grow even further in the following years.

In the past few years, the rising atmospheric temperature has resulted in the rise of global humidity levels. Higher humidity offers an undesirable working environment for many industry verticals, such as the pharmaceutical, chemical, and food industries. Most of the chemicals and ingredients used in aforementioned industries tend 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 to absorb the moisture is comparatively less than the other dehumidifying methods, such as compressor dehumidifiers and thermal wheels. In addition, the desiccant wheel also aids in maintaining stringent regulations laid by the government authorities for maintaining suitable conditions for the aforementioned industries. Furthermore, the ability to reuse desiccant material in the wheel makes it more cost-effective than a 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, 2017-2025” offers strategic insights into the global desiccant wheel market with a focus on the market size and estimates for the duration of 2015 to 2025. The said research study covers an in-depth analysis of market segments based on desiccant types, applications, and cross-sectional studies across different geographies. In addition, the study covers the comparative analysis of each sub-segment for the years 2016-2025. The report also provides a prolific view of 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 the desiccant wheel market
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2015 – 2016)
  • 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 2017 to 2025.
  • Keeping in mind the above-mentioned factors.

The global desiccant wheel market is segmented, based on type, into the following categories:

  • Silica Gel
  • Molecular Sieve
  • Activated Alumina
  • Others

As of 2016, the silica gel desiccant wheels segment dominated the overall desiccant wheels market worldwide. Silica gel-based desiccant wheels are 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 the food and beverages industry. Thereby, these desiccant wheels have experienced a higher degree of adoption all across the globe.

The molecular sieve segment trails the silica gel in terms of revenue as of 2016. This is because molecular sieves offer similar advantages to silica gel. However, at relative humidity above 40%, the ability of molecular sieves to absorb moisture reduces. Consequently, molecular sieves are used for limited end-use applications such as packaging industries. In the following years, the demand for molecular sieves is expected to rise steadily.

The global desiccant wheel market is segmented, based on application, into the following categories:

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

As of 2016, the pharmaceutical end-use application dominated the worldwide desiccant wheels market. Pharmaceutical companies must maintain atmospheric humidity levels and 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. Consequently, this end-use application extensively uses desiccant wheels for dehumidification. These wheels are chemically stable and do not react with most elements. Thus, making it safe to use in such conditions. With a consistent rise in the pharmaceutical sector, it is expected that the desiccant wheel market will also show positive growth throughout the forecast period.

In 2016, the 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 unit. In addition, the faster operation helps the chemical industry control the moisture content within the premises. Growing chemical industries and increased adoption of desiccant wheels for moisture absorption have resulted in the rise of the desiccant wheel market.

The global desiccant wheel market has been segmented, on the basis of geographical regions, as per the following regions and countries:

  • North America
  • U.S.
  • Rest of North America
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
  • Rest of the World (RoW)
  • The Middle East and Africa
  • Latin America

North America dominated the overall desiccant wheels market in terms of revenue as of 2016. The North American market is backed by the extensive use of 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 2016, Asia Pacific trailed North America in the overall desiccant wheels market. The blooming manufacturing sector, coupled with the rising need for HVAC equipment, has escalated the demand for desiccant wheels in this region. A desiccant wheel is a fast, efficient, and economical way to control moisture content. Therefore, these wheels are adopted on a large scale by various end-use applications across the growing economies of Asia Pacific. As a result, the market for the desiccant wheel in Asia-Pacific is expected to surpass the North American market during the forecast period.

Frequently asked questions :

The market for Desiccant wheel market is expected to reach US$ XX Bn in 2025.

The Desiccant wheel market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2015-2025.

The base year of this report is 2021.

Desiccant Technologies Group, Innovative Air Technologies, Polygon AB, NovelAire Technologies, Munters, Rotor Source, Inc. are some of the major players in the global market.

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Published Date:  Jul 2017
Category:  Automation & Process Control
Report ID:   58556
Report Format:   PDF
Pages:   120
Rating:    4.5 (50)
Delivery Time: 24 Hours to 48 Hours   
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