Dehumidifier Market by Product Type (Refrigeration Dehumidifiers and Absorption Dehumidifiers) and Application (Industrial, Commercial, and Residential) – Global Forecast to 2025.
pune, India – January 13, 2020 /MarketersMedia/ —
Dehumidifiers are used to control the level of humidity in air by extracting the excess moisture from the air. They are widely used across the industrial, residential, and commercial sectors to maintain the desired levels of humidity. Dehumidifiers have wide range of applications during manufacturing, packing, and storing processes in pharmaceutical; food processing; defense equipment manufacturing; coffee/tea processing industry in order to maintain low humidity levels. This helps in preventing product deformation or corrosion of materials. In household applications, dehumidifiers are mainly used to eliminate musty odor for healthy and comfort living. Meticulous Research® in its latest publication on Dehumidifier Market states that global dehumidifier market is expected to grow at a CAGR of 5.4% from 2019 to reach $3.8 billion by 2025. The growth in this market is mainly driven by growing infrastructure developments resulting in increasing number of commercial buildings such as hospitals, schools, and departmental stores; changing climatic conditions; increasing awareness about health benefits of dehumidifiers through moisture control; and increasing use of dehumidifiers in the research and development labs. However, the high maintenance and operating cost of the dehumidifiers may restrain the growth of this market to some extent.
To provide efficient analysis, Meticulous Research® has segmented this market on the basis of product type (absorption dehumidifier and refrigeration dehumidifier), application (industrial, commercial, and residential application), and geography. The study also evaluates industry competitors and analyzes the market at the regional and country level.
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Based on product type, the absorption dehumidifier segment commanded the largest share of the overall dehumidifier market in 2018. The largest share of this segment is mainly attributed to its extensive application in several industries due to its high efficiency and cost effectiveness in the control of air moisture and humidity.
Based on application, dehumidifier market is mainly segmented into industrial, commercial, and residential application. Industrial applications commanded the largest share of the dehumidifier market in 2018, owing to the rising global economy and rapid growth of industrialization. In addition, stringent government norms focusing on global warming and rising need for moisture control in several manufacturing, processing, packaging, and storing industries is further propelling demand for industrial dehumidifiers.
Geographically, North America accounted for the largest share of the dehumidifier market in 2018. The largest share of this region is mainly driven by growing construction industry, changing climatic conditions, high industrialization, rising consumer inclination towards healthy environment, and various government initiatives to maintain humidity levels in air. However, Asia-Pacific region is expected to grow at the fastest CAGR during the forecast period. Rapid growth of urbanization, upsurge in real estate sector, rising demand for compact and maintenance free dehumidifiers, changing climate conditions, and growing industrialization are some of the factors accelerating the rapid growth of dehumidifier market in the Asia-pacific region.
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Table of Content:
1.1. Market Ecosystem
1.2. Currency and Limitations
1.3. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation
3. Executive Summary
3.2. Product Type Analysis
3.3. Regional Analysis
3.4. Key Players Analysis
4. Market Dynamics
4.2.1. Infrastructure Development Due to Growing Number of Commercial Buildings Such as Hospitals, Schools,
and Departmental Stores
4.2.2. Changing Climatic Conditions and Increasing Awareness About Health by Moisture Control
4.2.3. Wide Range of Benefits of Dehumidifiers
4.2.4. Increasing Use of Dehumidifiers in the Research and Development Labs
4.3.1. High Operating Cost
4.4.1. Growing Defense/Military Industry
5. Global Dehumidifier Market, by Product Type
5.2. Absorption Dehumidifiers
5.3. Refrigeration Dehumidifiers
6. Global Dehumidifier Market, by Application
7. Dehumidifier Market, by Region
7.2. North America
7.3.6. Rest of Europe
7.4.5. Rest of Asia Pacific
7.5. South America
7.6. Middle East and Africa
8. Company Profiles (Business Overview, Financial Overview, Product & Service Portfolio, Strategic Developments)
8.1. Honeywell International, Inc.
8.2. Whirlpool Corporation
8.3. Bry-Air Inc.
8.4. Seresco Dehumidifiers
8.5. Danby Products Inc.
8.6. Microwell, spol. s.r.o.
8.7. Carrier Corporation (Part of United Technologies Corporation)
8.8. Mitsubishi Electric Corporation
8.9. LG Electronics
8.10. Condair Group
8.11. Ab Electrolux
8.12. Sunpentown International Inc.
8.13. Therma-Stor LLC
8.14. De’longhi Group
8.15. General Filters, Inc.
9.1. Industry Speak
9.2. Key Players
9.4. Available Customization
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Organization: Meticulous Research®
Address: Pune, India
Release ID: 88942545
This news is published on Reuters.