Market Overview:
The global desiccant wheel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for desiccant wheels from various end-use industries, such as pharmaceuticals, food industries, chemical industry, electronics and others. In addition, the growing awareness about energy conservation is also propelling the growth of this market. On the basis of type, silica gel accounted for a major share of the global desiccant wheel market in 2017. This can be attributed to its high absorption capacity and low price as compared to other types of desiccants available in the market. Molecular sieve is another key type that is expected to witness high growth during the forecast period owing to its ability to adsorb moisture at very low temperatures (-100°C). Based on application, pharmaceuticals was one of the leading applications segments for desiccant wheels in 2017 and is projected register highest CAGR during 2018-2030 owing rising demand from emerging economies across Asia Pacific region including China and India . Food industry was another key application segment for desiccant wheels in 2017 and it too registered healthy CAGR over next 10 years on account surging demand particularly across Europe region .
Product Definition:
A desiccant wheel is a device that uses a wheel-shaped rotor to adsorb water vapor from the air. The rotor is usually made of silica gel, molecular sieve, or activated alumina.
Silica Gel:
Desiccant wheel is a device used to remove the moisture from the air. It works by absorbing water vapor through a membrane system of silica gel and then releasing it into the atmosphere. Silica Gel is also known as Silicon Carbide or sometimes found in nature as quartz. Silica gel has different forms which include precipitated, micro-crystalline and amorphous types depending on its usage in various applications like pharmaceuticals, food & beverages processing industries among others.
Molecular Sieve:
Molecular sieve is a material with very small pore size. It can adsorb molecules up to 9,192 Da. Molecular sieves are used in desiccant wheels for the adsorption of water vapor from the air as well as other gases including nitrogen and oxygen.
Application Insights:
The electronics industry is anticipated to emerge as a prominent segment over the forecast period owing to increasing demand for desiccant wheel from various electronic devices. The pharmaceutical industry also holds promising growth opportunities for these products, particularly during the production of drugs and vaccines. In addition, food industries are expected to witness significant growth on account of rising demand for refrigerated trucks and containers across the globe.
The chemical industry is projected to exhibit steady growth over the next eight years due largelyto growing investments in R&D activities pertainingto new materials & technologies with applications in various end-use industries such as automotive & transportation, energy storage/power generation and aerospace & defense among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from various end-use industries such as pharmaceutical, food industries, chemicals and electronics. China is one of the major producers and consumers of desiccants globally owing to presence of large number chemical manufacturing companies located in this country.
The Middle East & Africa region is anticipated to witness significant growth over the forecast period owing to rapid expansion plans by various multinational companies especially from Europe and North America for setting up their production facilities in UAE, Saudi Arabia, Egypt etc., which will boost product demand across several applications.
Growth Factors:
- Increasing demand for energy-efficient and environment-friendly cooling systems
- Growing awareness about the benefits of desiccant wheel technology over traditional air conditioning systems
- Rising investments in infrastructure and construction projects worldwide
- Proliferation of data centers and other commercial establishments that require reliable cooling solutions
- Technological advancements that have led to the development of more efficient desiccant wheel products
Scope Of The Report
Report Attributes
Report Details
Report Title
Desiccant Wheel Market Research Report
By Type
Silica Gel, Molecular Sieve, Other
By Application
Pharmaceutical, Food Industries, Chemical Industry, Electronics, Other
By Companies
Seibu Giken, Proflute, Trane, FläktGroup SEMCO, Airxchange, NovelAire, NICHIAS Corporation, Rotor Source, DRI, Puressci
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Desiccant Wheel Market Report Segments:
The global Desiccant Wheel market is segmented on the basis of:
Types
Silica Gel, Molecular Sieve, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical, Food Industries, Chemical Industry, Electronics, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Seibu Giken
- Proflute
- Trane
- FläktGroup SEMCO
- Airxchange
- NovelAire
- NICHIAS Corporation
- Rotor Source
- DRI
- Puressci
Highlights of The Desiccant Wheel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Silica Gel
- Molecular Sieve
- Other
- By Application:
- Pharmaceutical
- Food Industries
- Chemical Industry
- Electronics
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Desiccant Wheel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A desiccant wheel is a device that uses the principles of evaporation and condensation to remove moisture from air. The wheel has a series of small, circular openings that allow air to flow in and out. The moisture in the air is drawn out through the openings, where it can be condensed into water droplets or vapor.
Some of the major players in the desiccant wheel market are Seibu Giken, Proflute, Trane, FlƒÂ¤ktGroup SEMCO, Airxchange, NovelAire, NICHIAS Corporation, Rotor Source, DRI, Puressci.
The desiccant wheel market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Desiccant Wheel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Desiccant Wheel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Desiccant Wheel Market - Supply Chain
4.5. Global Desiccant Wheel Market Forecast
4.5.1. Desiccant Wheel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Desiccant Wheel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Desiccant Wheel Market Absolute $ Opportunity
5. Global Desiccant Wheel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Desiccant Wheel Market Size and Volume Forecast by Type
5.3.1. Silica Gel
5.3.2. Molecular Sieve
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Desiccant Wheel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Desiccant Wheel Market Size and Volume Forecast by Application
6.3.1. Pharmaceutical
6.3.2. Food Industries
6.3.3. Chemical Industry
6.3.4. Electronics
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Desiccant Wheel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Desiccant Wheel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Desiccant Wheel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Desiccant Wheel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Desiccant Wheel Demand Share Forecast, 2019-2026
9. North America Desiccant Wheel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Desiccant Wheel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Desiccant Wheel Market Size and Volume Forecast by Application
9.4.1. Pharmaceutical
9.4.2. Food Industries
9.4.3. Chemical Industry
9.4.4. Electronics
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Desiccant Wheel Market Size and Volume Forecast by Type
9.7.1. Silica Gel
9.7.2. Molecular Sieve
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Desiccant Wheel Demand Share Forecast, 2019-2026
10. Latin America Desiccant Wheel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Desiccant Wheel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Desiccant Wheel Market Size and Volume Forecast by Application
10.4.1. Pharmaceutical
10.4.2. Food Industries
10.4.3. Chemical Industry
10.4.4. Electronics
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Desiccant Wheel Market Size and Volume Forecast by Type
10.7.1. Silica Gel
10.7.2. Molecular Sieve
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Desiccant Wheel Demand Share Forecast, 2019-2026
11. Europe Desiccant Wheel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Desiccant Wheel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Desiccant Wheel Market Size and Volume Forecast by Application
11.4.1. Pharmaceutical
11.4.2. Food Industries
11.4.3. Chemical Industry
11.4.4. Electronics
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Desiccant Wheel Market Size and Volume Forecast by Type
11.7.1. Silica Gel
11.7.2. Molecular Sieve
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-oY Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Desiccant Wheel Demand Share, 2019-2026
12. Asia Pacific Desiccant Wheel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Desiccant Wheel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Desiccant Wheel Market Size and Volume Forecast by Application
12.4.1. Pharmaceutical
12.4.2. Food Industries
12.4.3. Chemical Industry
12.4.4. Electronics
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Desiccant Wheel Market Size and Volume Forecast by Type
12.7.1. Silica Gel
12.7.2. Molecular Sieve
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Desiccant Wheel Demand Share, 2019-2026
13. Middle East & Africa Desiccant Wheel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Desiccant Wheel Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Desiccant Wheel Market Size and Volume Forecast by Application
13.4.1. Pharmaceutical
13.4.2. Food Industries
13.4.3. Chemical Industry
13.4.4. Electronics
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Desiccant Wheel Market Size and Volume Forecast by Type
13.7.1. Silica Gel
13.7.2. Molecular Sieve
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Desiccant Wheel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Desiccant Wheel Market: Market Share Analysis
14.2. Desiccant Wheel Distributors and Customers
14.3. Desiccant Wheel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Seibu Giken
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Proflute
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Trane
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. FläktGroup SEMCO
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Airxchange
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NovelAire
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. NICHIAS Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rotor Source
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. DRI
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Puressci
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook