What is Global Desiccant Dryer Market?
The Global Desiccant Dryer Market is a vast and dynamic sector that has been gaining significant attention in recent years. Desiccant dryers are specialized machines that remove moisture from the air, making them essential in various industries where dry air is required. These industries range from food and pharmaceuticals to electronics and general industrial applications. The global market for these dryers was valued at a substantial US$ 608 million in 2022. This value is expected to escalate to an impressive US$ 859 million by 2029, growing at a steady Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period of 2023-2029. This growth is a testament to the increasing demand and reliance on these machines across various sectors. The market is dominated by the top five manufacturers who collectively hold a share of over 30%, indicating a somewhat concentrated market structure. In terms of product types, the Heatless Dryer emerges as the most popular, commanding a market share of over 55%. This could be attributed to its efficiency and wide range of applications in different industries.
Heated Dryer, Heatless Dryer in the Global Desiccant Dryer Market:
The Global Desiccant Dryer Market is segmented into two main types: Heated Dryer and Heatless Dryer. The Heated Dryer uses heat to regenerate the desiccant material, making it capable of achieving extremely low dew points. This type of dryer is ideal for applications where a constant supply of dry air is required, such as in the pharmaceutical and food industries. On the other hand, the Heatless Dryer operates without the use of heat for regeneration. Instead, it uses a portion of the dried air produced by the dryer to regenerate the desiccant. This type of dryer is more energy-efficient and is commonly used in applications where energy conservation is a priority. Despite their differences, both types of dryers play a crucial role in the Global Desiccant Dryer Market, with the Heatless Dryer being the largest segment, holding a market share of over 55%.
Global Desiccant Dryer Market Outlook:
To recap the market outlook, the Global Desiccant Dryer Market, which was valued at US$ 608 million in 2022, is projected to grow at a CAGR of 5.0% and reach a value of US$ 859 million by 2029. The market is somewhat concentrated with the top five manufacturers holding a share of over 30%. The Heatless Dryer, due to its energy efficiency and wide range of applications, is the most popular product in this market, holding a share of over 55%.
| Report Metric | Details |
| Report Name | Desiccant Dryer Market |
| Accounted market size in 2022 | US$ 608 in million |
| Forecasted market size in 2029 | US$ 859 million |
| CAGR | 5.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Atlas Copco, Ingersoll Rand, Parker Hannifin, SPX Flow, Sullair, Quincy, Gardner Denver, Kaeser, Star Compare, Rotorcomp, BEKO Technologies, Risheng, Zeks, Aircel |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
