The expanding prevalence of heating, ventilation, and air conditioning (HVAC) systems, currently reliant on fossil fuel‐derived energy, necessitates energy‐saving measures to address climate change concerns. Implementing desiccants with high water vapor affinity reduces latent heat input, impacting the heat exchanger's functionality based on system and desiccant characteristics. This review analyzes the materials in solid desiccants, binders, and substrates, emphasizing advancements for enhanced heat transfer efficiency. Some notable materials explored include metal–organic frameworks, activated carbon, silica gel, polymers, and zeolite. In system level, the article discusses about the dual‐channel heat exchanger which emerges as a solution to drawbacks in existing dehumidification systems, offering higher performance and lower latent heat load in modern solid desiccant‐coated heat exchangers. Despite the environmental impact of material usage, future research should focus on sustainable materials, such as those derived from biomass or recycled sources, to maintain efficiency while minimizing waste in HVAC systems.