The global
dehumidifier market is projected to have a CAGR of 6.4% between the
years 2014 and 2020. This market was valued at US$1.92 bn in 2013.
The current rate of growth is expected to propel the market to
US$2.96 bn by the end of 2020, which is stated in a market
intelligence report released by Transparency Market Research. The
report is titled, “Dehumidifier Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2014 - 2020”.
Browse The Press
Release:
http://www.transparencymarketresearch.com/pressrelease/global-dehumidifier-market.htm
According to the
report, the global dehumidifier market is currently being driven by
the large-scale adoption of dehumidifiers in the industrial and
commercial sectors. The report also explains that regulatory pressure
on industries is causing a spike in the demand for dehumidifiers,
thereby allowing a major scope of growth for this market.
The global
dehumidifier market is also being propelled by the booming
construction industry. The heavy activity levels in the global
construction industry, especially in developing economies of the Asia
Pacific region, are creating a major increase in demand for
dehumidifiers. The market is also expected to witness an increase in
demand from previously untapped application segments such as power
plants and military arms depots.
The report also
includes discussions on the restraints that are affecting the global
dehumidifier market. This includes an uncharacteristically large
number of product recalls that have recently occurred. Multiple major
manufacturers of dehumidifiers have called for product recalls owing
to manufacturing defects and other technical issues.
One of the core
categories of the global dehumidifier market, used by the report for
segmentation purposes, is the application industries involved. The
three main segments in this category are industrial, residential, and
commercial applications. Of these, the industrial applications
segment has led the global dehumidifier market so far. This is owing
to the high demand for dehumidifiers in the construction industry,
where dehumidifiers are used to dry up plaster and slabs in order to
accelerate construction rates and to prevent the growth of mold.
From the point of
view of products, the global dehumidifier market was led by desiccant
dehumidifiers in 2013, while the heat pumps segment is projected to
have a high CAGR of 6.5% between 2014 and 2020.
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.
About Us
Transparency Market
Research (TMR) is a next-generation provider of syndicated research,
customized research, and consulting services. TMR’s global and
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pharmaceutical, chemicals and materials, technology and media, food
and beverages, and consumer goods, among others. Each TMR research
report provides clients with a 360-degree view of the market with
statistical forecasts, competitive landscape, detailed segmentation,
key trends, and strategic recommendations
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