(Entertainment-NewsWire.com, January 15, 2020 ) Meticulous Research® – leading global market research company published a research report titled “Dehumidifier Market by Product Type (Absorption Dehumidifiers, Refrigeration Dehumidifiers), Application (Industrial, Commercial, Residential), and Geography – Global Forecast to 2025”.
𝑨𝒄𝒄𝒐𝒓𝒅𝒊𝒏𝒈 𝒕𝒐 𝒕𝒉𝒊𝒔 𝒍𝒂𝒕𝒆𝒔𝒕 𝒑𝒖𝒃𝒍𝒊𝒄𝒂𝒕𝒊𝒐𝒏 𝒇𝒓𝒐𝒎 𝑴𝒆𝒕𝒊𝒄𝒖𝒍𝒐𝒖𝒔 𝑹𝒆𝒔𝒆𝒂𝒓𝒄𝒉®, 𝒕𝒉𝒆 𝑮𝒍𝒐𝒃𝒂𝒍 𝑫𝒆𝒉𝒖𝒎𝒊𝒅𝒊𝒇𝒊𝒆𝒓 𝑴𝒂𝒓𝒌𝒆𝒕 𝒊𝒔 𝒆𝒙𝒑𝒆𝒄𝒕𝒆𝒅 𝒕𝒐 𝒈𝒓𝒐𝒘 𝒂𝒕 𝒂 𝑪𝑨𝑮𝑹 𝒐𝒇 5.4% 𝒇𝒓𝒐𝒎 2019 𝒕𝒐 𝒓𝒆𝒂𝒄𝒉 $3.8 𝒃𝒊𝒍𝒍𝒊𝒐𝒏 𝒃𝒚 2025. The growth in dehumidifier market is mainly attributed to the rising infrastructure developments owing to growing demand for commercial buildings such as hospitals, schools, and departmental stores; changing climate conditions and consequently growing awareness for maintaining healthy air moisture content; wide range of benefits of dehumidifiers; and increasing use of dehumidifiers in the research and development labs.
The global dehumidifier market study presents historical market data in terms of value (2017 and 2018), estimated current data (2019), and forecasts for 2025-by product type (absorption dehumidifiers and refrigeration dehumidifiers) and by application (industrial, commercial, and residential). The study also evaluates industry competitors and analyzes the market at regional and country level.
Based on the product type, absorption dehumidifiers segment is estimated to command the largest share of the overall dehumidifier market in 2019. The largest share of this segment is mainly attributed to its extensive applications in a wide range of industries due to its high efficiency and cost effectiveness to control the air moisture and humidity. In addition, the increasing demand for adsorption dehumidifiers from hospitality industry including hotels and restaurants for the control of high moisture levels is supporting the growth of this market.
On the basis of application, the overall dehumidifiers market is mainly segmented into industrial, commercial, and residential application. Dehumidifier market for industrial application commanded the largest share of the overall market, owing to the growing demand for dehumidifiers in line with growth in industrialization across the globe. In addition, stringent government norms focusing on the global warming and rising need of moisture control in manufacturing, processing, packaging, and storing industries are further supporting the growth of this market.
This research report analyzes major geographies and provides comprehensive analysis of North America (U.S., Canada, and Mexico), Europe (Germany, France, U.K., Italy, Spain, and RoE), Asia-Pacific (China, Japan, India, Australia, and RoAPAC), South America, and Middle East & Africa. North America commanded the largest share of the global dehumidifier market, followed by Europe, and Asia Pacific regions. The largest share of this region is mainly attributed to the growing construction industry, changing climatic conditions, high industrialization, rising consumer inclination towards healthy environment, and various government initiatives. However, Asia Pacific region is slated to register the fastest CAGR during the forecast period. The growth in this region is primarily attributed to rapid urbanization, rising demand for compact and maintenance free dehumidifiers, growing construction industry, significantly changing climatic condition, and growing industrialization. In addition, growing prevalence of air borne diseases and allergies, increasing disposable income, and improvements in the living standard of population are also boosting the demand for dehumidifiers in the region.
On the basis of product type, absorption dehumidifiers segment is estimated to account for the largest share of the overall dehumidifiers market in 2019. This segment is also slated to grow at a faster CAGR over the forecast period. The overall growth of this segment is mainly attributed to its extensive applications in a wide range of industries due to its high efficiency and cost-effectiveness to control the air moisture and humidity level. In addition, increasing adoption of this dehumidifier in hotels, restaurants, dining rooms, and other cooking places to meet the concerns regarding the high moisture levels generated by cooking also supports the growth of this market. Further, the growing demand of this dehumidifier in the locations having temperatures below 30oC, such as garages, unoccupied properties, and caravans, among others, are responsible for the rapid growth in the adoption of the absorption dehumidifier.
Based on the application, the overall dehumidifier market research report is segmented into industrial, commercial, and residential applications. Owing to the growing global economy and rapid industrialization, industrial applications segment is estimated to command the largest share of the global dehumidifier market in 2019. Government initiatives, rules, and regulations to overcome issues related to global warming and the need for moisture control in manufacturing, processing, packaging, and warehousing industries further supports the growth of this market.
North America commanded the largest share of the global dehumidifier market, followed by Europe and Asia-Pacific regions. The major share of this region is mainly attributed to rapid growth of the construction industry, changing climate conditions, high industrialization, rising consumer inclination towards a healthy environment, and various government initiatives.
However, Asia Pacific region is slated to register the fastest CAGR during the forecast period. The growth in this region is primarily attributed to rapid urbanization, rising demand for compact and maintenance-free dehumidifiers, growing construction industry, growing industrialization and the need to maintain humidity levels in different areas of industrial production. In addition, increasing disposable income and improving standard of living in Asia-Pacific region is also expected to propel the demand dehumidifiers for household applications over the coming years.
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