Dehumidifier & Dehumidification System Market to Grow at a Substantial CAGR until 2025
According
to TechSci Research report, “Global
Dehumidifier
& Dehumidification System Market By Type (Absorption Dehumidifiers,
Refrigeration Dehumidifiers, Thermoelectric & Others), By Product (Chemical
Absorbent, Heat Pump, Ventilating Dehumidifiers), By Technology (Cold
Condensation, Sorption, Warm Condensation, Others), By Application (Commercial,
Agriculture, Industrial, Residential,
Construction, Healthcare, Others), By Distribution Channel(Direct, Indirect), By
Region, Forecast & Opportunities, 2025”, the global dehumidifier market is expected to witness
formidable growth during the forecast period. Increasing urbanization,
resulting in depleting air quality, is one of the key reasons behind the
growing demand for dehumidifiers. They have the ability reduce the impurities
from air and thus, there is a growing demand from industrial as well as
commercial sector for dehumidifiers. Additionally, growing awareness among population
towards rising pollution levels has also resulted in the growth of global
dehumidifiers market. Also, with increasing disposable income, people are now
willing to spend on luxury and comfort items. This is further expected to propel
the demand for dehumidifiers in the global market. Moreover, technological
advancements have enabled manufacturers to launch more energy-efficient
dehumidifiers, thereby fueling the market. Also, introduction of cloud-based technologies
has enabled people to control dehumidifiers through their smartphones, tablets
and computers. This has supplemented the growth of dehumidifier market. Several
industries like car industry, warehouses, etc., face the problem of humidity.
To avoid this, they are opting for dehumidifiers due to which, the global
market is anticipated to register more demand from these industries. However,
dehumidifiers fall under luxury item category and have a high cost. This limits
the growth of the market as they are not budget friendly for every consumer. Also,
dehumidifiers can often be noisy and generate heat from the backside of the
machine. This also poses as a threat for the dehumidifier market growth.
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The global
dehumidifier & dehumidification system market is segmented based on type,
product, technology, application, distribution channel and region. Based on
product, the market is segmented into chemical absorbent, heat pump and ventilating
dehumidifiers. Among them, the chemical absorbent segment holds the largest
market share as it has led to the development of more energy-efficient and
sustainable dehumidifiers. They are solar-assisted, liquid desiccant
dehumidifier systems. Based on application, the global dehumidifier market is
segmented into commercial, industrial and residential. The industrial segment
accounts for largest market share as it requires dehumidifiers to keep raw
materials like iron, steel, etc., free from moisture content. The global
dehumidifier market is also expected to witnessing increasing demand from food
packaging and service industry, which is expected to contribute to the growth
of this market during the forecast period.
Major players operating in the global dehumidifier
& dehumidification system market include De’Longhi Appliances S.r.l., General
Filters, Inc., Airwatergreen, Heat Controller, Inc., GE Appliances, Munters, Seibu Giken DST AB, Sunpentown
International Inc., Therma-Stor LLC, Haier group, Honeywell International, Inc.,
Keystone, EBAC, Whirlpool Corporation, Frigidaire (Electrolux), TCL, Tosot, Panasonic,
MARS and LG Electronics, Inc. and others. The players are witnessing rising
demand for portable dehumidifiers from both residential and commercial sectors.
The companies are focusing on launching innovative products with the help of
latest technologies.
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“Asia-Pacific
region is evolving as the biggest market for dehumidifiers &
dehumidification system as countries like China, India and Indonesia are
witnessing significant rise in pollution levels. This has resulted in prevalence
of several forms of air-borne diseases and hence, the installation of
dehumidifiers becomes important. Additionally, the recent outbreak of
coronavirus is also anticipated to propel the demand for dehumidifiers &
dehumidification system in the years to come. People are now more concerned
about their health and hence, are willing to spend on luxury items like
dehumidifiers,” said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“Global Dehumidifier &
Dehumidification System Market By Type (Absorption Dehumidifiers, Refrigeration
Dehumidifiers, Thermoelectric & Others), By Product (Chemical Absorbent,
Heat Pump, Ventilating Dehumidifiers), By Technology (Cold Condensation,
Sorption, Warm Condensation, Others), By Application (Commercial, Agriculture,
Industrial, Residential, Construction,
Healthcare, Others), By Distribution Channel(Direct, Indirect), By Region,
Forecast & Opportunities, 2025 has evaluated the
future growth potential of global dehumidifier & dehumidification system market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global dehumidifier market.
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