Meticulous Research® – leading global market research company published a research report titled “Dehumidifier Market by Product Type (Absorption Dehumidifiers, Refrigeration Dehumidifiers), Application (Industrial, Commercial, Residential), and Geography – Global Forecast to 2025”.
According to this latest publication from Meticulous Research®, the Dehumidifier Market is expected to grow at a CAGR of 5.4% from 2019 to reach $3.8 billion by 2025. The growth in dehumidifier market is mainly attributed to the rising infrastructure developments owing to growing demand for commercial buildings such as hospitals, schools, and departmental stores; changing climate conditions and consequently growing awareness for maintaining healthy air moisture content; wide range of benefits of dehumidifiers; and increasing use of dehumidifiers in the research and development labs.
The global dehumidifier market study presents historical market data in terms of value (2017 and 2018), estimated current data (2019), and forecasts for 2025-by product type (absorption dehumidifiers and refrigeration dehumidifiers) and by application (industrial, commercial, and residential). The study also evaluates industry competitors and analyzes the market at regional and country level.
Based on the product type, absorption dehumidifiers segment is estimated to command the largest share of the overall dehumidifier market in 2019. The largest share of this segment is mainly attributed to its extensive applications in a wide range of industries due to its high efficiency and cost effectiveness to control the air moisture and humidity. In addition, the increasing demand for adsorption dehumidifiers from hospitality industry including hotels and restaurants for the control of high moisture levels is supporting the growth of this market.
On the basis of application, the overall dehumidifiers market is mainly segmented into industrial, commercial, and residential application. Dehumidifier market for industrial application commanded the largest share of the overall market, owing to the growing demand for dehumidifiers in line with growth in industrialization across the globe. In addition, stringent government norms focusing on the global warming and rising need of moisture control in manufacturing, processing, packaging, and storing industries are further supporting the growth of this market.
This research report analyzes major geographies and provides comprehensive analysis of North America (U.S., Canada, and Mexico), Europe (Germany, France, U.K., Italy, Spain, and RoE), Asia-Pacific (China, Japan, India, Australia, and RoAPAC), South America, and Middle East & Africa. North America commanded the largest share of the global dehumidifier market, followed by Europe, and Asia Pacific regions. The largest share of this region is mainly attributed to the growing construction industry, changing climatic conditions, high industrialization, rising consumer inclination towards healthy environment, and various government initiatives. However, Asia Pacific region is slated to register the fastest CAGR during the forecast period. The growth in this region is primarily attributed to rapid urbanization, rising demand for compact and maintenance free dehumidifiers, growing construction industry, significantly changing climatic condition, and growing industrialization. In addition, growing prevalence of air borne diseases and allergies, increasing disposable income, and improvements in the living standard of population are also boosting the demand for dehumidifiers in the region.
Some of the major players operating in the global dehumidifier market are Honeywell International Inc. (U.S.), Whirlpool Corporation (U.S.), Bry-Air Pvt. Ltd. (India), Seresco Dehumidifiers (Canada), Danby Products Inc. (Canada), Microwell, spol. s.r.o. (Slovakia), Carrier Corporation (U.S.), Mitsubishi Electric Corporation (Japan), LG Electronics (South Korea), Condair Group (Switzerland), AB Electrolux (Sweden), Sunpentown International Inc. (U.S.), Therma-Stor LLC (U.S.), De’Longhi Group (Italy), and General Filters, Inc. (U.S.), among others.
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Key questions answered in the report-
Which are the high growth market segments in terms of product types and application?
What was the historical market size for dehumidifier across the globe?
What are the market forecasts and estimates for the period 2019-2025?
What are the major drivers, restraints, opportunities, and challenges in the global dehumidifier market?
Who are the major players in the global dehumidifier market?
How is the competitive landscape and who are the market leaders in the global dehumidifier market?
What are the different strategies adopted by the major players in the global dehumidifier market?
What are the key geographical trends and which are the high growth regions/ countries?
Who are the local emerging players in the global dehumidifier market and how do they compete with the global players?
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