With 5.3% CAGR, Desiccant Dehumidifier Market Growth to Surpass USD 749 million

The desiccant dehumidifier market is projected to grow from USD 578 million in 2023 and is projected to reach USD 749 million by 2028; it is expected to grow at a CAGR of 5.3% from 2023 to 2028.
Increasing government regulatory policies and incentives for clean, growing adoption of desiccant dehumidifiers in various industries are the major factors driving the growth of the desiccant dehumidifier market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=2593005

Cloud computing technology utilizes IOT connected to IoT gateway modules and Edge computing devices, which collect data from the system and send it for analysis for different AI applications. Most commercial companies and factories are starting to manage energy efficiency better using AI and IoT solutions for building desiccant dehumidifiers to minimize and save on unnecessary operation costs without sacrificing ambient comfort status. With cloud computing, the AI model can predict maintenance requirements for the system, reducing downtime and improving the system's efficiency. With cloud computing technology, desiccant dehumidifiers can be connected to the internet, allowing for remote monitoring and control. This can enable users to monitor the performance and status of their dehumidifiers from anywhere with an internet connection. It also allows for remote adjustments to be made to the dehumidifier settings, such as humidity levels or fan speeds. By using cloud computing technology to collect and analyze data from desiccant dehumidifiers, it is possible to predict when maintenance will be needed. This can enable users to perform scheduled maintenance, reducing downtime and minimizing the risk of equipment failure. Cloud computing technology can be leveraged to optimize the energy consumption of desiccant dehumidifiers. By collecting data on energy consumption and analyzing it in real-time, it is possible to adjust the settings of the dehumidifiers to minimize energy usage while maintaining optimal humidity levels.

The market for the commercial end-user segment is expected to grow significantly during the forecast period owing to the increasing use of desiccant dehumidifiers in commercial facilities such as retail stores, hotels, swimming pools, and offices. In these commercial spaces, mostly low-capacity desiccant dehumidifiers are used due to small areas. In addition, rapid urbanization in developing economies is increasing the demand for desiccant dehumidifiers. This will further enable the use of desiccant dehumidifiers in commercial spaces such as retail stores, commercial buildings, and shopping malls. Apart from this, the other factors include technological innovations by the companies and the increasing need to reduce energy costs. Hence, these factors fuel the growth of desiccant dehumidifiers in commercial applications.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=2593005

Regarding geographic coverage, the desiccant dehumidifier market has been segmented into 4 regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW). The market in Asia-Pacific is expected to grow at the highest CAGR between 2023 and 2028. China, Japan, and India are among a few major contributors to the desiccant dehumidifier system market in the Asia Pacific. Growing construction activities and industrialization are a few key factors boosting the growth of the desiccant dehumidifier systems market in the region. The presence of many electronics industries across countries like China and South Korea is likely to fuel the demand for desiccant dehumidifiers in these industries for humidity control and protecting electronic control equipment from corrosion and problems caused by flashovers.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.