Desiccant Dehumidifiers to Continue Dominating Global Dehumidifier Market through 2024
Growing industrial & commercial sector, surging
pollution levels along with rising concern towards health to drive global
dehumidifiers market through 2024
According to TechSci Research report, “Global
Dehumidifier
Market By Type, By End User, By Region, Competition, Forecast &
Opportunities, 2024’’, global
dehumidifier market is forecast to reach $ 3.7 billion by 2024 on account of rapid
urbanization, increasing purchasing power and growing urban population base
globally. Moreover, depleting air quality is further expected to aid global
dehumidifier market during forecast period. Another major factor driving the
sales of dehumidifiers across the globe is increasing instances of respiratory
diseases caused by various pollutants present in the air. Thus, owing to rising
health concerns, consumers across the world are spending heavily on lifestyle
products, including dehumidifiers. Additionally, rapid urbanization and increasing
purchasing power is further likely to steer growth in global dehumidifier
market in the coming years.
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Dehumidifier Market "
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“Among types of humidifiers, desiccant
dehumidifier dominated the global dehumidifier market in 2018, due to its
extensive applications in industrial and commercial sectors. Desiccant
dehumidifiers are easy and convenient to use and are inexpensive to maintain. Penetration
of dehumidifiers globally is highly variable across all the regions. In
developed nations like the US, the UK, Germany, Japan, etc., dehumidifiers are
extensively used in residential areas. As of 2017, around 20-25% Americans have
dehumidifiers installed in their homes, while only 5% of China’s population
have installed dehumidifiers, thereby leaving a huge potential for the
Asia-Pacific market, which is the dominating region in global dehumidifier
market. During forecast period as well, the region is anticipated to grow at the
fastest CAGR, owing to rising pollution levels in countries like India, China
and Pakistan.
“Major companies such as LG, Bry-Air,
Honeywell, Gree, etc., are continuously trying to capitalize on opportunities
emanating from untapped markets. Moreover, many multinational companies are
introducing dehumidifiers by combining them with existing HVAC systems for
commercial sector, which is resulting in lower prices, to sustain in highly
competitive global dehumidifier market.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
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“Global
Dehumidifier Market By Type, By End User, By Region, Competition, Forecast
& Opportunities, 2024’’ has evaluated the future growth potential of global dehumidifier
market and provides statistics and information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers to take sound investment decisions.
Besides, the report also identifies and analyses the emerging trends along with
essential drivers, challenges and opportunities in global dehumidifier market.
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