August 17, 2022 05:58 ET | Source: Research and Markets Research and Markets
Dublin, Aug. 17, 2022 (GLOBE NEWSWIRE) -- The "Desiccant Dehumidifiers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Global Desiccant Dehumidifiers Market to Reach US$635.6 Million by the Year 2026
Amid the COVID-19 crisis, the global market for Desiccant Dehumidifiers estimated at US$548.6 Million in the year 2022, is projected to reach a revised size of US$635.6 Million by 2026, growing at a CAGR of 3.5% over the analysis period.
Desiccant dehumidifiers rely on specific desiccant materials like Zeolite for absorbing water vapor or moisture. As the process do not generate water, these units present an effective option to maintain humidity levels at sub-zero temperature settings. Desiccant dehumidifiers are used in various applications in areas such as food & beverage industry, medical centers, commercial buildings, hotels, manufacturing facilities and others.
Growth in the global market is set to be driven by rising uptake of desiccant dehumidifiers as a result of rapid industrialization, technological advances and implementation of stringent standards to promote energy savings and mitigate climate change. The market is gaining traction owing to increasing uptake of these units across diverse settings to ensure occupant health and comfort. Factors such as rapid urbanization, increasing disposable income and changing environmental conditions are providing a perfect scenario for overall expansion of the desiccant dehumidifier market. These units are finding rising adoption in industrial applications requiring optimal humidity and temperature levels. The U.S. Market is Estimated at $157.3 Million in 2022, While China is Forecast to Reach $78.2 Million by 2026 The Desiccant Dehumidifiers market in the U.S. is estimated at US$157.3 Million in the year 2022. The country currently accounts for a 28.75% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$78.2 Million in the year 2026 trailing a CAGR of 5% through the analysis period. The market is receiving a strong growth stimulus from increasing attention of companies on technological advances. These efforts are leading to influx of better products that score high in terms of dehumidification performance and energy efficiency. Several players serving the market are developing smart energy-efficient units that leverage emerging technologies for diverse functions like accurate calculation of humidity levels.
These units are designed to work automatically to ensure consistent operations while achieving energy savings. In addition, various companies are betting on cloud-based approaches to ensure connectivity of desiccant dehumidifiers with mobile devices like laptops, smartphones and tablets. These units are garnering considerable attention among residential and industrial customers.
The desiccant dehumidifier market is also gaining from increasing uptake of portable dehumidifiers across commercial and residential spaces. Some of the interesting advances targeting sustainability include liquid, solar-powered desiccant dehumidifiers intended to support energy conservation and environmental efforts. The technological advancements evolving over the years are presenting considerable growth opportunities for the desiccant dehumidifiers market.
Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS
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