Global Desiccant Dehumidifier Market to Reach $635.6 Million by 2026

FACTS AT A GLANCE
Editing: 8; Published: January 2022
Executive Pool: 1109
Companies: 72 – Players covered include Bry-Air, Inc.; Condair Group; Ribs; DehuTech AB; Desiccant Technologies Group; EIP Group Ltd; Fisen Company; MuntersPvt. ltd. ; Seibu Giken DST AB; STULZ Air Technology Systems, Inc.; Trotec GmbH and others.
Blanket: All major geographies and key segments
segments: Application (industrial, residential, commercial)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Middle East; Africa.

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ABSTRACT-

Global Desiccant Dehumidifier Market to Reach US$635.6 million by 2026
Desiccant dehumidifiers rely on specific desiccant materials like zeolite to absorb water vapor or moisture. As the process does not generate water, these units present an effective option for maintaining humidity levels at sub-zero temperatures. Desiccant dehumidifiers are used in various applications in areas such as the food and beverage industry, medical centers, commercial buildings, hotels, manufacturing facilities and others. The growth of the global market is expected to be driven by the increasing adoption of adsorption dehumidifiers due to rapid industrialization, advancement in technology, and implementation of stringent standards to promote energy saving and mitigate climate change. The market is gaining momentum owing to the increasing adoption of these units in various settings to ensure the health and comfort of the occupants. Factors such as rapid urbanization, increasing disposable income, and changing environmental conditions provide a perfect scenario for the global expansion of the desiccant dehumidifier market. These units are increasingly being adopted in industrial applications requiring optimum humidity and temperature levels. Various sectors and industries such as packaging, food, operating rooms, storage and clean rooms are increasingly relying on these units to maintain desired humidity levels. Implementation of stringent energy and sustainability standards in various countries is expected to give the desired boost to the desiccant dehumidifier market. Several governments are proposing new standards for residential dehumidifiers to help save energy.

Amid COVID-19 Crisis, Global Desiccant Dehumidifiers Market Estimated at US$515.1 million in 2020, is expected to reach a revised size of US$635.6 million by 2026, growing at a CAGR of 3.5% over the analysis period. Industrial, one of the segments analyzed in the report, is expected to grow at a CAGR of 3.8% to reach US$392.4 million at the end of the analysis period. After an in-depth analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Residential segment is readjusted to a revised CAGR of 2.8% for the next 7-year period. This segment currently accounts for a 21.7% share of the global adsorption dehumidifier market. The increasing adoption of adsorption dehumidifiers in the industrial sector is attributed to their cost-effective nature and ability to effectively control humidity levels. Various companies rely heavily on desiccant dehumidifiers to protect raw materials such as concrete slabs and iron bars from the adverse effects of humidity. The segment is poised to receive a major boost from the strong demand for such units in the food packaging and service industry. Residential buildings represent a small but growing market for desiccant dehumidifiers. Available in a variety of configurations, sizes, and price points, whole-home air quality monitors can be installed in virtually any location in the residential building, including doors and windows. Additionally, residential dehumidifiers are increasingly equipped with smartphone and smart home connectivity features, while allowing additional flexibility in air quality assessment through real-time messaging for the benefit of homeowners. and occupants.

The US market is estimated at $152.4 million in 2021, when China is expected to reach $78.2 million by 2026
The US Desiccant Dehumidifier Market is estimated at US$152.4 million in 2021. The country currently accounts for a 28.75% share of the global market. Chinaworld’s second largest economy, is expected to reach an estimated market size of US$78.2 million in 2026 with a CAGR of 5% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 2.3% and 3% respectively over the analysis period. In Europe, Germany is expected to grow around 3% CAGR while the rest of the European market (as defined in the study) will reach US$49.2 million at the end of the analysis period.

Business segment to reach $123 million by 2026
The growth of the commercial segment is attributed to the increase in infrastructure-related activities in commercial spaces such as department stores, schools and hospitals. Indoor air pollution in homes and commercial buildings is believed to have a much more serious and devastating impact on health compared to outdoor pollution. In this context, dehumidifiers, including desiccant dehumidifiers, are becoming increasingly important in improving air quality by maintaining optimal humidity levels. In the global business segment, United States, Canada, Japan, China and Europe will drive the CAGR of 2.9% estimated for this segment. These regional markets representing a combined market size of US$77.4 million in the year 2020 will reach a projected size of 95 million US dollars at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific should reach US$13.2 million by 2026. Following

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