The global dehumidifiermarket is anticipated to reach USD 3.54 billion by 2022,
according to a new report by Grand View Research, Inc. Increasing construction
activities worldwide is expected to primarily contribute to industry growth.
Technological advancements such as integration into existing HVAC equipment is
expected to boost industry growth over the forecast period.
Price,
energy efficiency, and size are anticipated to be critical parameters affecting
consumer buying behavior. Product recall owing to technical issues is expected
to hinder industry growth over the forecast period. Increasing competition due
to the presence of a large number of players has lead to price reductions,
which may affect profitability. Growth of the organized retail industry in Asia
Pacific, Latin America and Africa has further intensified competition.
Browse full report by Grand View Research :
http://www.grandviewresearch.com/industry-analysis/dehumidifier-market
Further key findings from the report suggest:
·
Increasing demand for energy efficient
dehumidification is anticipated to drive heat pumps demand over the next seven
years. These products are expected to continue accounting for over 10% of the
overall revenue during the forecast period. Chemical absorbent or desiccant
products are expected to witness growth on account of growing demand in office
buildings, restaurants, food and beverage industry, hotels, and medical
centers.
·
The industry can also be classified based
on application into residential, industrial, and commercial segments.
Industrial is anticipated to be key application over the forecast period owing
to increase usage of dehumidifiers in maritime, cold storage, food and
beverage, and construction sector. The American Society of Heating, Refrigerating
and Air-Conditioning Engineers (ASHRAE) formulated the Improved Indoor Air
Quality (IAQ) and ventilation guideline which is expected to drive demand in
residential applications.
·
Increasing adoption in hotels,
supermarkets, offices, restaurants, swimming pools, schools, and multiplexes is
expected to drive the commercial segment. Residential dehumidifiers market is
expected to be driven by rising health awareness and increasing disposable
income.
·
Rising number of restaurants and hotels
coupled with the growing construction industry is expected to propel North
America dehumidifier market growth. Dehumidifiers are used for maintaining
moisture-free food quality to enhance customer satisfaction. Competition in
North America and Europe has intensified owing to regional companies offering
products at low price.
·
Notable companies operating in the global
dehumidifier industry include Electrolux (Frigidaire), De’Longhi Appliances
S.r.I, Haier Group, Heat Controller, Inc. (Comfort Aire), General Filters,
Inc., and Honeywell International Inc. Other prominent vendors include
Therma-Stor LLC, Sunpentown International Inc., LG Electronics, Inc., and
Whirlpool Corporation.
Browse more reports of this category by
Grand View Research: http://www.grandviewresearch.com/industry-analysis/dehumidifier-market
Grand View Research has segmented the
dehumidifier market on the basis of product, application, and region:
Dehumidifier
Product Outlook (Revenue, USD Million, 2012 - 2022)
·
Heat Pumps
·
Ventilating
·
Chemical Absorbent
Dehumidifier
Application Outlook (Revenue, USD Million, 2012 - 2022)
·
Residential
·
Commercial
·
Industrial
Dehumidifier
Regional Outlook (Revenue, USD Million, 2012 - 2022)
·
North America
·
Europe
·
Asia Pacific
·
RoW
View Press Release of this research report by Grand View
Research: https://www.grandviewresearch.com/press-release/global-dehumidifier-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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