The desiccant dehumidifier market share 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 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.
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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.
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.
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