According
to a recent market research report released by Transparency Market
Research, the global dehumidifier market is expected to be valued at
US$2.97 billion by 2020. The report, titled “Dehumidifier Market -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast,
2014 - 2020”, estimates the size of the dehumidifier market
worldwide, which was worth US$1.93 billion in 2013. Increased
adoption of dehumidifiers in commercial and industrial sectors is
expected to boost the overall market in the near future.The report
points out that various environmental regulations will push the
demand for dehumidifiers in various industries. Dehumidifiers find
critical application in pump rooms, platform legs, life boats, pipe
tunnels, thruster rooms, and painting and preservation industries to
remove moisture and decrease humidity in the air. Increasing
construction activities will also propel the market. However, the
report points out that excessive product recalls by manufacturers
owing to technical issues has negatively impacted consumers’
confidence in the industry. The report further mentions that the
dehumidifier market has a huge opportunity to grow in untapped
sectors such as power plants and military arms depots. Coastal
regions of Asia pacific and Rest of the World will also contribute to
the increase in demand for humidifiers in the near future.
Browse
the full Dehumidifier Market (Heat Pumps, Ventilating Dehumidifiers,
Chemical Absorbent Dehumidifiers) - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2014 - 2020 report at
http://www.transparencymarketresearch.com/global-dehumidifier-market.html
The
report compiles some of the latest trends in the global dehumidifier
market, such as the use of liquid desiccants and integration of
multiple technologies. Dehumidifiers are being integrated with
existing HVAC equipment. Increasing usage of membrane technology in
the dehumidification process has also been observed recently. By
product type, the global dehumidification market has been segmented
into ventilating dehumidifiers (refrigerant dehumidifiers), chemical
absorbent dehumidifiers (desiccant dehumidifiers), and heat pumps.
The report points out that in 2013, desiccant dehumidifiers were the
largest product segment in the market due to increasing demand from
office buildings, restaurants, medical centers, and the food and
beverages industry. During the forecast horizon, heat pumps are
expected to grow at a CAGR of 6.5%. The demand for heat pumps is
increasing owing to the requirement for energy-efficient
dehumidification solutions.
The
end-use application segments of the global dehumidifier market have
been categorized into commercial applications, residential
applications, and industrial applications. Industrial applications
are further divided into cold storage, the construction industry, the
food and beverages industry, and others including pharmaceuticals and
manufacturing. The report mentions that the construction industry is
widely using dehumidifiers to dry slabs and plasters and prevent mold
growth. Demand for dehumidifiers from the food and beverages industry
and cold storage is also expected to contribute significantly to the
growth of the global dehumidifier market.Globally, the dehumidifiers
market has been divided into four key regions: Asia Pacific, North
America, Europe, and Rest of the World. In 2013, North America was
the largest market for dehumidifiers and demand from the region is
expected to increase further during the forecast horizon. Asia
Pacific is expected to witness the highest growth in terms of revenue
owing to increasing demand for application in cold storage and
construction.Some of the key players in the global dehumidifier
market are Honeywell International, Whirlpool Corporation, and LG
Electronics Inc.
The
dehumidifier market has been segmented as below:
Dehumidifier
Market, by Type
Heat
pumps
Ventilating
Dehumidifiers (Refrigerant Dehumidifiers)
Chemical
Absorbent Dehumidifiers (Desiccant Dehumidifiers)
Dehumidifier
Market, by Application
Industrial
Food
and Beverage Industry
Cold
Storage
Construction
Industry
Others
(Pharmaceuticals and Manufacturing Processes)
Commercial
Residential
Dehumidifier
Market, by Geography
North
America
Europe
Asia
Pacific
Rest
of the World (RoW)
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material for business reports.
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