dehumidifiers-market

Dehumidifiers Market By Product (Desiccant/Chemical Absorbent Dehumidifiers, Heat Pumps/Thermoelectric, Refrigerant/Ventilating Dehumidifiers), By Technology (Cold Condensation, Sorption, Warm Condensation), By End-user (Residential, Commercial, Industrial) - Growth, Future Prospects & Competitive Analysis, 2018 - 2026

16 Feb 2019 Format PDF icon PPT icon XLS icon Request Sample

Overview:                      

The global dehumidifiers market was valued at US$ 2.70 Bn in 2017 and is expected to witness a notable growth, expanding at a CAGR of 7.0% during the forecast period from 2018 to 2026. Dehumidifiers are used in maintaining the desired humidity levels. The process of dehumidification helps in removing humidity and vapor from the air. With heating and cooling, dehumidification is increasingly used in air conditioning applications. This alleviates the need to continuously reheat incoming air and maintain the requisite humidity in a particular area. Residential, commercial and industrial setups have the necessity to retain exact humidity levels, and it is well achieved with the help of dehumidifiers. Increasing adoption of various dehumidification solutions across several end-use verticals is one the major factors driving the dehumidifiers market worldwide.

Dehumidifiers help in extracting the humidity and dampness out of spaces, more often out of cellars. It is a necessity in environments where excess moisture could lead to growth of mold, allergies, wood damage or even incursion of insects. As a result, growing awareness among consumers to maintain the moisture of a particular area is expected to facilitate the growth of dehumidifiers market in the years to come.

Stringent regulations framed by the government of various regions pertaining to better indoor air quality is likely to augment the market growth in the near future. Government standards that focus on energy efficiency are propelling the use of dehumidifiers across various industries worldwide. Moreover, construction industry is extensively deploying dehumidifiers in order to keep the cement, iron rods and iron bars free from moisture. As a result, growing construction activities across the globe is projected to have favorable impact on the growth of global dehumidifiers market during the forecast period from 2018 to 2026.

"Desiccant/Chemical Absorbent Dehumidifiers accounted for the Largest Market Share in 2017"

In 2017, desiccant/chemical absorbent dehumidifiers accounted for largest market share in the global dehumidifiers market. The growth of this segment is mainly attributed to the widespread application of these dehumidifiers across several industries, commercial buildings, medical centers and restaurants among others. Desiccant/chemical absorbent dehumidifiers naturally absorb water from the air using a desiccant and keeps the space dry. As desiccant reduces humidity by absorbing water molecules, they are widely used and packaged along with clothing, shoes and other items that needs to be kept dry.

"North America Garnered Largest Market Share in 2017"

The global dehumidifiers market, based on geography was led by North America in 2017 and is likely to remain dominant throughout the forecast period from 2018 to 2026. The growth of this region is mainly accredited to the high adoption rates of dehumidifiers in the areas where humidity levels are high. Moreover, the presence of some leading players including Frigidaire, General Filters, Inc., Honeywell International, Inc., The Whirlpool Corporation, etc. is further supporting the growth of dehumidifiers market in the region.

Competitive Insights

Major players in the dehumidifiers market include Airwatergreen AB, De’Longhi Appliances S.r.l., Frigidaire, General Filters, Inc., Honeywell International, Inc., MARS, LG Electronics, Munters, Seibu Giken DST AB, Sunpentown Inc., Therma-Stor LLC, The Whirlpool Corporation, and Woods among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Dehumidifiers market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Dehumidifiers market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Product
  • Desiccant/Chemical Absorbent Dehumidifiers
  • Heat Pumps/Thermoelectric
  • Refrigerant/Ventilating Dehumidifiers

Technology
  • Cold Condensation
  • Sorption
  • Warm Condensation

End-User
  • Residential
  • Commercial
  • Industrial

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Dehumidifiers market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Dehumidifiers market?
  • Which is the largest regional market for Dehumidifiers market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Dehumidifiers market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Dehumidifiers market worldwide?
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