Desiccant Dehumidifier Market: Projected Revenue Surge and Growth Opportunities

1. Desiccant Dehumidifier Market: Projected Revenue Surge and Growth Opportunities The desiccant dehumidifier market was valued at USD 578 million in 2023 and is estimated to reach USD 749 million by 2028, registering a CAGR of 5.3% during the forecast period. The growth of the desiccant dehumidifier market is governed by the increasing adoption of desiccant dehumidifiers in various industries, increasing government regulatory policies, and incentives for clean energy. Desiccant dehumidifiers are primarily deployed in pharmaceuticals, food & beverages, electronics manufacturing, chemical plants, and construction sites. Consistent and reliable control of humidity levels in pharmaceutical manufacturing, regardless of ambient air conditions, leads to a more efficient production line, increased yields, and decreased waste. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=2593005 Fixed or mounted type desiccant dehumidifiers to hold larger market share during the forecast period. In 2022, the Fixed or Mounted Desiccant Dehumidifier segment accounted for the larger share of the desiccant dehumidifier market. This can be attributed to the growing expansion of manufacturing units, warehouses, water treatment facilities, and lithium-ion battery production plants across the globe. These plants and facilities require large desiccant dehumidifiers, which cannot be moved owing to the large area. Furthermore, fixed desiccant dehumidifiers have a larger capacity, centralized operation, and longer lifespan. Fixed desiccant dehumidifiers have fewer moving parts than refrigerant-based dehumidifiers. This means they require less maintenance, and there are fewer components that can break or wear out over time. These advantages and factors are anticipated to drive the demand for fixed desiccant dehumidifiers.

2. Industrial end user segment account for the largest share of the desiccant dehumidifier market for during the forecast period In 2022, the Industrial segment held the largest share of the desiccant dehumidifier market owing to the wide range of applications for desiccant humidifiers for industries such as pharmaceuticals, manufacturing, food and beverage, energy and utility, and electronics. Additionally, desiccant dehumidifiers can provide effective humidity control in a cost-effective and energy-efficient manner while offering greater flexibility and reduced maintenance requirements compared to other techniques, such as refrigerant dehumidifiers. This enables the companies to choose a desiccant dehumidifier for their facilities. These factors are boosting market growth. Desiccant dehumidifier market in Asia Pacific estimated to grow at the fastest rate during the forecast period The desiccant dehumidifier market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. China, Japan, and India are among a few major contributors to Asia Pacific's desiccant dehumidifier system market. Growing construction activities and industrialization are a few key factors boosting the growth of the desiccant dehumidifier systems market in the region. The presence of many electronics industries across countries like China and South Korea is likely to fuel the demand for desiccant dehumidifiers in these industries for humidity control and protecting electronic control equipment from corrosion and problems caused by flashovers. Asia Pacific is experiencing significant growth in commercial construction activities, which is being driven by a combination of factors such as increasing urbanization, growing population, and rising economic development in the region. The growing need for infrastructure development is also driving commercial construction activities in Asia Pacific. Governments in the region are investing heavily in transportation, energy, and communication infrastructure to support economic growth and improve the quality of life for citizens. This includes the construction of airports, highways, power plants, and telecommunication networks. The rapidly growing construction sector would pave the way for the adoption of desiccant dehumidifiers and climate control solutions. Key Market Players Major vendors in the desiccant dehumidifier companies include Munters (Sweden), Bry-Air (India), Condair Group (Switzerland), Cotes (Denmark), Seibu Giken DST (Sweden), Trotec (Austria), DehuTech AB™ (Sweden), Fisen Corporation (US), Atlas Copco (Sweden). Apart from this, Parker Hannifin Corporation (US), Airwatergreen AB (Sweden), Sunpentown Inc. (US), SPX Flow Technology Germany GmbH (US), Quincy Compressor (US), Zeks Compressed Air Solutions (US), Desiccant Technologies Group (Lithuania), Shanghai Rotorcomp Screw Compressor Co., Ltd. (China), Sullair LLC (US), NiGen International L.L.C (US), Innovate Air Technologies (U S), De'Longhi Appliances S.r.l. (Italy), STULZ Air Technology Systems, Inc. (US), Fisair (Spain), Dantherm Group (Denmark), Meaco (UK), PT Denusa Sejahtera (Indonesia), Therma-Stor LLC (US), HuTek(Asia) Company Ltd (Thailand), Andrew Sykes Group (UK), Ebac Industrial Products Limited (US), Ecor Pro (Netherlands), Trane Technologies (US), FläktGroup SEMCO (US), NovelAire Technologies (US), Humiscope (Australia) are among a few emerging companies in the desiccant dehumidifier market. Ask for Free Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=2593005

3. Market Dynamics: Opportunity: Ongoing developments in the desiccant dehumidifier technology to contribute to the market growth Recent advancements in desiccant dehumidification technology, like liquid desiccant dehumidification technology, are becoming increasingly attractive due to their highly efficient utilization of low-grade heat and its effectiveness in dehumidification. Using this technology, energy-efficient air conditioning systems have been developed, which demonstrated superiority over the traditional vapor compression type system by allowing both temperature and humidity to be controlled independently. The desiccant-coated heat exchangers (DCHEs) performance strongly depends on the adsorption and desorption characteristics of the employed desiccant material. While several attempts have been made to synthesize superior desiccants, the DCHE performance has not reached its highest potential due to challenges associated with the limited working capacity of conventional pure/composite desiccants. Two novel advanced desiccants, composite superabsorbent polymers (SAPs) and metal- organic frameworks (MOFs), have been under development. The composite SAPs offer superior sorption capacity, faster kinetics, and low regeneration possibility while the MOFs provide excellent hydrophilicity and tailorable structures. These desiccants are deemed to be the next generation of advanced materials in thermally driven dehumidifiers. Challenge: Limitations in terms of applications for desiccant dehumidifiers Desiccant dehumidifiers are best suited for low-temperature and low-humidity environments, such as industrial or commercial settings. They may not be as effective in residential or high-humidity environments. Additionally, refrigerant-based dehumidifiers are typically more effective at removing moisture from the air in residential spaces. The desiccant dehumidifiers tend to be more expensive to operate than compressor-based dehumidifiers. This is because they require a constant supply of energy to heat and regenerate the desiccant material, which can drive up the energy bills over time.