Dehumidifier Market: Overview
The dehumidifier market has registered significant growth in recent years on the back of stringent energy-efficient regulations, especially in residential sector. Moreover, it is also being adopted in commercial and industrial sectors to regulate humidity level as per the requirement.
Dehumidifiers minimize humidity in air by reducing water content present in the air. In residential sector, the device is used for comfort purpose and health reasons. Application of dehumidifiers helps eliminate water content from closed areas such as basements and attics. Thus, it helps in prevention of dampness, musty odor, and molds in small spaces.
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Meanwhile, changing climatic conditions, increasing constriction activities and rising deposable are few factors driving growth of dehumidifier market.
Further, it is also being adopted in cold storage industries and food and beverage industries. It helps in maintaining the right temperature. This, in turn, facilitates long term storage of food items and inventory.
The upcoming report on dehumidifier market provides insights about various trend and drivers influencing growth of the market. The market intelligence report provides details about ongoing developments occurring in the market and how that will affect the market over the duration of forecast period (2019-2028). In addition, the report also covers various restraining factors, which may limit growth of the market in coming years.
Dehumidifier Market: Competitive Analysis
The dehumidifier market is consolidated in nature with presence of few manufacturing companies in the market.
To mark their presence and strengthen their foothold in the global dehumidifier market, these companies are consistently developing new products. These players are investing immensely in research and development activities for development of energy efficient and economical product range.
For example, in May 2018, Munters introduced the Climatix technology for air treatment. It is a cloud based technology with an integrated gateway device. It enables GMS-based connection of dehumidifiers with Climatix control. Application of the system facilitates humidty control remotely. Also, it provides provision of analyzing previous data of the equipment.
Key manufacturing companies operating in the global dehumidifier market are
- Seibu Giken DST AB
- General Filters Inc.
- De’Longhi Appliances S.r.I
- Honeywell International Inc.
- Dehumidifier Market: Key Trends
Rising urbanization, low air quality, rising disposable income, and expenditure on comfort and luxury are some of the factors driving demand for dehumidifiers in both residential and commercial sectors.
It is widely adopted in homes and hotels nearby coastline to mitigate problem of humidity. Urban and high class population are adopting dehumidifiers for the purpose of comfort; as it is not budget friendly for various consumers.
Application of dehumidifiers helps reduce impurities from the air. This improves the air quality and make it allergy free. Though, it requires huge amount of power resulting in high electricity bill.
Further, dehumidifier market is witnessing demand from industrial sector. It is widely implemented in storage sections, garages, car industries, and many others. These industries require adequate temperature while manufacturing products.
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Dehumidifier Market: Regional Analysis
The government bodies in North America and Europe have enforces the use of energy-efficient systems. Hence, these regions are already matured market. Meanwhile increasing adoption of dehumidifiers in hotels and restaurants is one of the emerging trends. Use of dehumidifiers will help in maintaining food quality. Also, it will keep the inventory moisture free. The trend is likely to boost regional dehumidifier market over the forecast period.
Meanwhile, Asia Pacific market is likely to register significant growth during the forecast period. Growth rate is estimated on the basis of rising demand for compact and low-maintenance dehumidifiers.
Moreover, countries such as China, India, and Japan witness high humidity level due to extensive coastline. In order to maintain appropriate humidity level, restaurants, industries, homes, and hotels are implementing dehumidifiers.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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