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Dehumidifier Market Analysis And Estimated Growth By Global Top Players - Frigidaire, Haier, Honeywell, LG Electronics, Whirlpool Corporation, Therma-Stor LLC, De’Longhi Appliances, Mitsubishi Electric, STULZ Air Technology Systems, Munters, and Bry-Air

11-09-2018 11:19 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Dehumidifier

Dehumidifier

Dehumidification is a psychometric process that removes vapor or humidity from the air. Dehumidification process along with heating and cooling is increasingly used in air conditioning applications. A dehumidifier is an electrical device, which is used to minimize and maintain the level of moisture in the air. It is mostly used for health or comfort reasons. A dehumidifier works similar to a vacuum cleaner where it absorbs the air from room at one end takes the moisture out of it and then blows it back out into the room. Dehumidifier works by using refrigeration process or by absorption process. In refrigeration process, it cools the air by absorbing humidity, which is present in air whereas in absorption or adsorption process air is soaked into drying material and then removed back to system.

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Dehumidifier aids in preventing growth of mold, fungus on cupboards, doors, drawers, and clothes. It is used to remove dampness from bookshelves and closets. Dehumidifier protects the moisture sensitive items such as musical instruments, cameras, and computers.

Driving factors for growth of the dehumidifier market

In the U.S., about half of the population was found to be living in the areas with severely high degree of polluted air. The share of such population was found to be as high as 47% of the total population as stated by American Lung Association, in 2015. Increasing level of pollution have propelled need for clean and pure air. Owing to such health concerns among individuals, and rise in disposable income is expected to aid in growth of the market. According to the report by Bureau of Economic Analysis (BEA), Disposable Personal Income (DPI) in the U.S. increased by US$ 39.8 billion (0.3 %) in April 2018 as compared to 2017. Moreover, number of people suffering from air borne diseases such as asthma is also rising, which is another factor for growth of the market. According to a report by Energy Efficiency, around 40% of people were diagnosed with asthma in year 2016. These humidifiers aid in controlling respiratory system diseases, allergies or skin related problems. Dehumidifier have anti- bacterial filter and ionizer where anti-bacteria filter kills bacteria and ioniser absorbs dirt, dust, and viruses out of the air, which helps to clean the air and makes breathing easy. This is expected to increase sales of dehumidifiers, in turn aiding in growth of the market.

Segmentation of dehumidifier market

The global dehumidifier segmented on the basis of product type, application, and region

On the basis of product type, the market is segmented into:
Heat pump
Ventilating dehumidifier(Refrigerant dehumidifier)
Chemical absorbent dehumidifier(Desiccant dehumidifier)

On the basis of application, the market is segmented into:
Industrial
Food and Beverage industry
Cold Storage
Construction Industry
Others (Pharmaceuticals and Manufacturing Industries)

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Major players operating in the dehumidifier market include Frigidaire, Haier, Honeywell, LG Electronics, Whirlpool Corporation, Therma-Stor LLC, De’Longhi Appliances, Mitsubishi Electric, STULZ Air Technology Systems, Munters, and Bry-Air, and Sunpentown International Inc.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
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Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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