Desiccant Dehumidifier Market Size, Share, Growth, and Global Industry Analysis by Type (Tower Type and Rotor Type), By Application (Energy, Chemical, Electronic, Food & Pharmaceutical, and Others), Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast From 2024 To 2031

Updated On: 01 April 2024

DESICCANT DEHUMIDIFIER MARKET REPORT OVERVIEW

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The global desiccant dehumidifier market size was USD 5700 million in 2022 and is projected to touch USD 7507 million by 2031, exhibiting a CAGR of 3.1% during the forecast period.

A desiccant dehumidifier is 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. They are commonly used for removing moisture from the air at a low temperature. Also, it can be operated at a low humidity level. It is an air conditioning device that maintains and reduces the level of humidity in the air. They are commonly used in commercial buildings such as swimming pools and indoor ice rinks. In addition, during the process it does not generate water which helps in maintaining humidity levels at sub-zero temperature settings.

Increasing industrialization and rapid urbanization are expected to fuel market growth. Growing disposable income and changing environmental conditions are anticipated to accelerate the development of the market. Further, increasing adoption of a desiccant dehumidifier in industrial applications is predicted to increase product demand. Also, increasing smartphone and intelligent home connectivity features are predicted to expand market growth. In addition, growing flexibility in gauging the air quality is expected to propel market growth. Moreover, high demand from service industry and food packing sectors is expected  to boost desiccant dehumidifier market growth.

COVID 19: Closure of Multiple Industries to Restrict Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with desiccant dehumidifier experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to the desiccant dehumidifier market growth and demand returning to pre-pandemic levels once the pandemic is over.

COVID19 pandemic impacted the cost-effective nature of the product. Further, the market witnessed slower growth due to lockdown restrictions. Shut down of various industries globally declined the product demand. Supply chain disruption and production activities were halted to control the spreading of the virus. In addition, movement restrictions hampered import and export activities.

On the contrary, the market is expected to expand due to increasing adoption of advanced technologies in multiple industries. Further, government initiatives to shift toward green energy is expected to increase market growth during the forecast period.  

LATEST TRENDS

"Growing Industrialization to Boost Market Growth"

Increasing industrialization and rapid urbanization are projected to drive market growth. Rising adoption of the product for industrial applications is expected to drive market growth. High demand to protect raw materials in the food packing and service industry is projected to accelerate market growth. Further, increasing construction activities in the construction industry and need for smart home appliances are predicted to propel market growth. In addition, the market is witnessing significant attention due to increasing use of portable dehumidifiers across residential and commercial spaces. Multiple sectors and industries such as operating rooms, packing, storage, and cleaning rooms are responsible in increasing better market growth opportunities. In addition, growing demand for improving air quality and maintaining optimal humidity levels is projected to accelerate desiccant dehumidifier market growth during the forecast period.

DESICCANT DEHUMIDIFIER MARKET SEGMENTATION

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• By Type

Based on type, the market is divided into tower type and rotor type.

Tower type is the leading segmentation of market type.

• By application

On the basis of application, the market is classified into energy, chemical, electronic, food & pharmaceutical, and others.

Energy is the leading partof the application segment.

DRIVING FACTORS

"Increasing Adoption of Technological Advancements in Industries to Propel Market Growth "

Increasing attention of multiple companies on technological advances is expected to drive market growth. Several market players are developing energy-efficient units that are boosting product demand. Further, numerous companies are adopting cloud-based approaches to ensure connectivity of the product with electronic devices. Several companies focus to protect raw materials are projected to drive market growth. rowing technological advancements is expected to acclerate growth opportunities for the desiccant dehumidifier market

"Growing Government Regulations to Incite Market Growth "

The implementation of stringent energy regulations globally is expected to provide a desirable opportunity for market growth. Several governments are coming up with new rules and standards for residential dehumidifier appliances to push energy savings. Growing demand for improving air quality and maintaining optimal humidity levels is projected to accelerate desiccant dehumidifier market growth The shift towards green energy is anticipated to increase market growth. The growing demand for energy-efficient solutions is projected to drive market growth. Growing government regulations to adopt desiccant dehumidifiers in the residential sectors are projected to propel market growth. In addition, increasing number of smartphones and innovative home connectivity features are some of the leading factors driving desiccant dehumidifier market growth during the forecast period.

RESTRAINING FACTORS

" Technical Concerns Associated with Product to Hamper Market Growth "

Technical concerns related with desiccant dehumidifier is expected to hamper market growth. Further, the need for regular maintenance and repair of the product may limit the market growth during the forecast period.

DESICCANT DEHUMIDIFIER MARKET REGIONAL INSIGHTS

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North America is expected to witness highest part in the desiccant dehumidifier market share due to increasing infrastructure-related activities. Further, growing importance for  improved air quality is anticipated to boost market growth. Also, increased demand to maintain optimal humidity levels is projected to increase product demand. In addition, growing government initiatives to control outdoor pollution are predicted to drive market growth. Growing demand for the product in industries is projected to propel market growth.

Asia Pacific is expected to witness considerable market growth due to growing technological advances. Products by major market players to boost bbetter performance in energy is expected to develop product demand. Further, growing importance of desiccant dehumidifier in the region for improved air quality is expected to increase market growth. In addition, increasing demand for smart phones and smart energy-efficient technologies in the region is responsible to boost product demand during the forecast period.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Product Launch  to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Munters (Sweden)
• Park (U.S.)
• Ingersoll Rand (U.S.)
• Atlascopco (Sweden)
• Stulz (India)
• Kaeser (India)
• Trotec (Austria)
• Quincy (U.S.)
• Seibu Giken DST (Japan)
• SPX (Hankison) (U.S.)
• Condair (Switzerland)
• Star Compare (India)
• Rotorcomp (Germany)
• Zeks (Bangladesh)
• Sullair (U.S.)
• Risheng (U.S.)
• Fisen (U.S.)
• Desiccant Technologies Group (India)

INDUSTRIAL DEVELOPMENT

March 2021 - Bry-Air introduced latest Bry-AirSmart Series. This product integrates patented BrySmart and BryTherm technologies. It has unique chemistry and geometry. it enables up to 48% energy saving each year.

REPORT COVERAGE

This research profiles a report with general studies that explain firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.