Desiccant Dehumidifier Market Size, Share, Growth Analysis, By Desiccant Dehumidifier Market, Region:(North America, US) - Industry Forecast 2024-2031

Desiccant Dehumidifier Market Competitive Landscape

To understand the competitive landscape, we are analyzing key Desiccant Dehumidifier Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Desiccant Dehumidifier Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

• nt 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.
• Market Dynamics:
• Driver: Increasing adoption of desiccant dehumidifiers in various industries
• 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.
• In food & beverage industries, accurate humidity control is essential in many baking processes, from proofing through oven baking and storage and packing. The moisture content of the dough frequently determines the qualities of a baked product, and this is dramatically affected by the ambient humidity levels in the environment. Dehumidification of baking facilities is essential to control the possibility of condensation in wet areas, resulting in mold and unhygienic operations.
• In construction industries, waiting for the natural drying process is often unfeasible due to the time it can take to dry, causing delays. Unless the concrete's moisture content specifications are met, the next floor cannot be constructed, sealers cannot be applied, and flooring subcontractors cannot proceed. This chain reaction of delays pushes up costs and risks over-running deadlines for completion. To avoid construction delays and tackle moisture issues, desiccant dehumidifiers are employed to control the moisture level.
• Restraint: High initial cost of desiccant dehumidifiers
• Desiccant dehumidifiers are often more expensive than traditional refrigerant-based dehumidifiers, which can make them less attractive to price-sensitive consumers. This is because desiccant dehumidifiers use a more complex and advanced technology that requires more expensive components and materials. Desiccant dehumidifiers may be more suitable for certain environments and applications, such as extremely low humidity settings or areas with sensitive equipment that require precise humidity control. In these cases, improved performance and efficiency may justify the higher initial cost of a desiccant dehumidifier.
• 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.
• 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.
• 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.
• Recent Developments
• In November 2022, Munters acquired Hygromedia and Rotor Source to strengthen its position as a leading supplier of desiccant dehumidification technology systems for numerous industrial processes. These acquisitions provide Munters with an additional channel to market to serve it even better.
• In September 2022, Bry-Air launched a new product, 'BryShield' for preventing electronic corrosion in small server rooms by removing gaseous contaminants. The innovative air filtration system has been aesthetically designed and easily fits into a false ceiling, and can be compactly ceiling mounted.
• In February 2022, DehuTech AB™ introduced a new version of the DehuTech DT-210 desiccant dehumidifier. The new version has a more cost-efficient casing. The unit also has a pushing reactivation air fan instead of a pulling wet air fan, which will increase the lifetime of the fan and enable the users to use the unit even when the wet air outlet temperature is high.
• KEY MARKET SEGMENTS
• Desiccant Dehumidifier Market, Product Type:
• Fixed or Mounted Desiccant Dehumidifier
• Portable Desiccant Dehumidifier
• Desiccant Dehumidifier Market, by Application:
• Energy
• Food and Pharmaceutical
• Electronics
• Chemical
• Construction
• Desiccant Dehumidifier Market, by End User:
• Industrial
• Commercial
• Desiccant Dehumidifier Market, By Region:
• North America
• US
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia Pacific
• Rest of the World (RoW)
• Middle East & Africa
• KEY MARKET PLAYERS
• Munters
• Bry-Air
• Condair Group
• Cotes
• Seibu Giken DST
• Trotec
• DehuTech AB™
• Fisen Corporation
• Atlas Copco
• Parker Hannifin Corporation
• Airwatergreen AB
• Sunpentown Inc.
• SPX Flow Technology Germany GmbH
• Quincy Compressor
• Zeks Compressed Air Solutions
• Desiccant Technologies Group
• Shanghai Rotorcomp Screw Compressor Co., Ltd.
• Sullair LLC
• NiGen International L.L.C
• Innovate Air Technologies
• De'Longhi Appliances S.r.l.
• STULZ Air Technology Systems, Inc.
• Fisair
• Dantherm Group
• Meaco
• PT Denusa Sejahtera
• Therma-Stor LLC
• HuTek
• Company Ltd
• Andrew Sykes Group
• Ebac Industrial Products Limited
• Ecor Pro
• Trane Technologies
• FläktGroup SEMCO
• NovelAire Technologies
• Humiscope