Dehumidifier Market: Demand from Commercial and Industrial Sectors
Dehumidifiers are the equipment or a system that remove moisture and decreases humidity in the air. Dehumidifiers are generally used in areas such as attic and basements, and crawl spaces to prevent musty odors, mould and damps. Additionally, these are used for comfort and health reasons in residential and commercial sectors. Some of the critical uses of dehumidifiers are found in platform legs, pump rooms, thruster rooms, life boats, pipe tunnels, and painting and preservation industry. The global dehumidifier market was worth US$1927.1 million in 2013 and is anticipated to touch US$2966.6 million by the end of 2019, exhibiting a progressive 6.4% CAGR between 2014 and 2020.
Discussion of Key Points for Dehumidifiers: http://bit.ly/1TtqqbO
Nevertheless, the cold storage segment is anticipated to record the highest growth rate during the forecast period. The growth of the cold storage segment is driven by rigid government regulations focusing on global warming and reduction of food wastage throughout the supply chain, cold storage, and food and beverage industry. In addition, commercial users are also expected to drive this market in the long run as many industries have realized the benefits of moisture control/prevention that would help propel demand. This category includes users such as schools, hospitals, cinemas, restaurants, and department stores.
Increased adoption of dehumidifiers in commercial and industrial sectors is expected to boost the overall market in the near future.The report points out that various environmental regulations will push the demand for dehumidifiers in various industries. Dehumidifiers find critical application in pump rooms, platform legs, life boats, pipe tunnels, thruster rooms, and painting and preservation industries to remove moisture and decrease humidity in the air. Increasing construction activities will also propel the market. However, the report points out that excessive product recalls by manufacturers owing to technical issues has negatively impacted consumers’ confidence in the industry. The report further mentions that the dehumidifier market has a huge opportunity to grow in untapped sectors such as power plants and military arms depots. Coastal regions of Asia pacific and Rest of the World will also contribute to the increase in demand for humidifiers in the near future. The report compiles some of the latest trends in the global dehumidifier market, such as the use of liquid desiccants and integration of multiple technologies. Dehumidifiers are being integrated with existing HVAC equipment. Increasing usage of membrane technology in the dehumidification process has also been observed recently
Information about Dehumidifiers Market:
North America has led the global dehumidifier market recently, until 2013. This region’s demand is expected to continue increasing in the report’s given forecast period, consequently maintaining its leading position. At the same time, its market share will be lost to Asia Pacific, which is showing the fastest growth rate in the global dehumidifier market for the same forecast period. The growth of the Asia Pacific dehumidifier market is largely owed to the high demand for cold storage applications as well as in the construction industry.
The key players in the global dehumidifier market are General Filters, Inc., Electrolux (Frigidaire), Heat Controller, Inc. (Comfort Aire), Sunpentown International Inc., Honeywell International Inc., LG Electronics, Inc., Haier Group, Whirlpool Corporation, De’Longhi Appliances S.r.I, and Therma-Stor LLC.