Dehumidifiers Market
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Global <strong>Dehumidifiers</strong><br />
<strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2014<br />
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Report Description<br />
<strong>Dehumidifiers</strong> are the equipment or devices which help in maintaining desired humidity<br />
levels in the system. Industrial, residential and commercial sectors require to maintain<br />
controlled humidity level, which is achieved by dehumidifiers. <strong>Dehumidifiers</strong> control the<br />
level of humidity in air by extracting excess moisture from the air. As a household<br />
appliance dehumidifier are also used to eliminate musty odourrequired for health and<br />
comfort reasons. Large dehumidifiers are generally used in commercial buildings such as<br />
shopping malls to keep humidity levels in check. Some of the critical uses of<br />
dehumidifiers in industrial sector can be found in thruster rooms, pump rooms, pipe<br />
tunnels, painting and preservation industry. As the moisture content in environment is<br />
increasing globally the control over humidity level is becoming vital in commercial and<br />
industrial sectors. Some of the drivers identified in dehumidifiers market are changing<br />
climate conditions, growing urbanization and increasing industrial development.<br />
The global dehumidifiers market is estimated to grow two fold by 2020 with a CAGR of<br />
6% to 8%. The global dehumidifiers market is segmented into three segments on the<br />
basis of type, application and the geographical splits. The geographical segments of<br />
global dehumidifiers market includes seven sub-segment which are North America, South<br />
America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa.<br />
North America dehumidifiers market commands largest share in 2013 in global market,<br />
followed by Europe and Asia-Pacific. However, in terms of growth rate, Asia Pacific<br />
dehumidifiers market is expected to grow higher with double digit CAGR for the forecast<br />
period. By 2020 the Asia pacific is projected to become largest geographical segment<br />
leaving behind the America and Europe regions in global dehumidifiersmarket.
Report Description<br />
Growing infrastructural development in Asian countries is shifting the construction<br />
industry at pace in which dehumidifiers are widely deployed for various application such<br />
as for drying plasters and slabs. Increasing numbers of hotels, restaurants, cold storage<br />
and food industries in America and Europe is resulting in increasing demand for<br />
dehumidification solution in global dehumidifiers market, which is estimated to grow<br />
significantly.<br />
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On the basis of type, the global dehumidifiers market is segmented into heat pumps,<br />
ventilating dehumidifiers (refrigerant dehumidifiers) and chemical absorbent<br />
dehumidifiers (desiccant dehumidifiers). As of 2013, absorbent type dehumidifier<br />
dominated the global dehumidifiers market, due to increased demand in hotels,<br />
restaurants, food and beverage industry, office buildings and medical centers. In terms of<br />
revenue,chemical absorbent type dehumidifiers accounted for largest share in global<br />
dehumidifiers market, followed by heat pumps type and ventilating type dehumidifiers<br />
segments respectively. Growing with significant CAGR absorbent type dehumidifiers<br />
market segment is expected to maintain its dominance throughout the forecast period in<br />
global dehumidifiers market, whilst the heat pump type dehumidifiers’market segment is<br />
projected to register a steady growth in global dehumidifiers market with a CAGR around<br />
6% to 8% during the forecast period.
Report Description<br />
The global dehumidifiers market is further segmented on the basis of application which<br />
are industrial residential and commercial. Industrial application is the predominant<br />
market segment with more than 40% of revenue in overall global dehumidifiers market<br />
followed by commercial and residential respectively. In terms of revenue, the industrial<br />
application segment of global dehumidifiers market is expected to maintain the largest<br />
share throughout the forecast period due to growing industrialization, stringent<br />
government norms focusing on global warming. Infrastructure development due to<br />
growing number of commercial buildings such as hospitals, schools and departmental<br />
stores are also expected to drive the growth of commercial application segment of global<br />
dehumidifiers market. Additionally, changing weather conditions and awareness about<br />
health by moisture control/prevention are some of the factors which is expected to grow<br />
demand of dehumidifiers in residential application segment of global dehumidifier<br />
segment for the forecast period.<br />
The global dehumidifiers market is fragmented with presence of many global and local<br />
players. Some of the key players in global dehumidifier market are Electrolux (Frigidaire)<br />
and General Filters, Inc., Whirlpool Corporation, LG Electronics Inc., Haier Group,<br />
Honeywell International, Inc., Sunpentown International, Inc, Thermo-Stor LLC and<br />
De’Longhi Appliances S.r.I.
Report Description<br />
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In future, the market growth of manufacturer will largely depend upon providing<br />
technology up gradation, efficient dehumidifiers at competitive cost. Some of the recent<br />
development include introduction of dehumidifiers which can be integrated with the<br />
HVAC system, which further provides more efficiency of system. Such type of<br />
technological development with enhanced energy efficiency and safety is expected by<br />
leading market players in near future.
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