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In 2022, the market for desiccant dehumidifier was worth USD 57 million. Our analysis indicates that by 2028, the market would reach USD 68.5 million. The market's growth and demand returning to pre-pandemic levels when the pandemic is finished is what caused the abrupt increase in CAGR. Additionally, Desiccant dehumidifiers are commonly used for removing moisture from the air by using a desiccant. It is a material that easily attracts and holds water vapor for a period of time. During the process it does not generate water which helps in maintaining humidity levels at sub-zero temperatures.
Market expansion is anticipated to be fuelled by accelerating urbanisation and rising industrialisation. increased discretionary income and evolving environmental factors are predicted to hasten the market's development. Additionally, it is anticipated that rising smartphone and intelligent home connectivity features would fuel market expansion.
COVID-19 Restraining Market Growth Due to the Closure of Many Industries
The COVID19 pandemic has an impact on the product's affordability. Global industry closures reduced consumer demand for the products. To stop the virus from spreading, production stopped, and the supply chain was disrupted. Additionally, import and export operations were impeded by mobility limitations. The market is anticipated to grow as more modern technologies are used across a wide range of sectors.
Business Research Insights Presents the Top 5 Desiccant Dehumidifier Manufacturing Companies Globally
1. Munters (Sweden)
Munters is a leader in the world for climate solutions for vital operations. The company was established in 1955 by brilliant inventor and businessman Carl Munters (1897-1989). It was based on his understanding of the laws of thermodynamics and his capacity to transform that knowledge into ground-breaking technology. These solutions help to improve the climate, increase efficiency, and lower carbon emissions.
2. Atlascopco (Sweden)
The Atlas Copco Group is a multinational industrial conglomerate with its main office in Nacka, Sweden. With 104 billion SEK in total sales in 2019, the firm had around 38,774 employees at its peak. Both the "A" and "B" classes of the company's shares are included in the benchmark OMXS30 index.
For the purpose of moving more production back to the US and Europe, the corporation focuses on increasing automation. To strengthen its position in automation in 2020, Atlas Copco purchased Isra Vision and Perceptron. The assets of Ceres Technologies were bought by the company in 2022.
3. Trotec (Austria)
An international producer of cutting-edge laser technology for laser cutting laser engraving and laser branding is Trotec Lase. Trotec Laser was established in 1997 after splitting out from the research and development division of its parent firm, Trodat. The headquarters of Trotec are in Marchtrenk, Austria, and the company also has subsidiaries in the UK, US, Canada, Germany, France, Netherlands, Poland, China, Japan, Russia, Australia, and South Africa.
In 1991, Trotec was founded with the idea of using CO2 laser machines to precisely and to the highest standards produce text plates. Today, they employ +750 people across 17 sales offices and there is a 97% export quota. More than 90 nations across the world utilise our equipment.
4. Ingersoll Rand (U.S)
A global corporation called Ingersoll Rand offers items for industrial use and flow production. More than 40 different names are used to sell its products in all the major international markets. The firm was merged with Gardner Denver in February 2020. Precision and Science Technologies and Industrial Technologies and Services are two business divisions.
The first direct-connected, electronic motor-driven compressor was unveiled by Ingersoll Sergeant Drill Company. In 1871, Addison and Jasper Rand, Jr. founded the Rand Drill Company, which has its primary production facility in Tarrytown, New York. Rand drills were employed in the building of water aqueducts for New York City and Washington, D.C., tunnels at Haverstraw, West Point, and Weehawken, New Jersey.
5. Seibu Giken DST (Japan)
In 1985, Seibu Giken DST was established in Spanga, Sweden, and it is presently active in over 45 nations worldwide. DST has subsidiaries in America, China, East Africa, and Poland, and its dehumidifiers are distributed through a global network of agents. It has sold more than 70 000 copies as of right now.
Growing Industry Adoption of Technological Advancements to Drive Market Growth
The market for desiccant dehumidifiers is anticipated to develop as more businesses focus on technology advancements. Many businesses are utilizing cloud-based techniques to make sure the product is compatible with electrical gadgets. Several businesses' efforts to safeguard raw materials are anticipated to boost market growth.