Press release
Global Dehumidifier Market to Reach US$2.97 bn by 2020, Driven by Demand from Industrial and Commercial Sectors
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.
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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.
Humidity is a term commonly associated in the public awareness with places close to the equator or near coastal regions. However, it is experienced by all at some point – the sultry feeling either when it’s rainy, misty, or hot.
For the most part, it is relative humidity that people complain about: the ratio of water vapor in the air to the fixed amount of water vapor that air can hold for a certain temperature. For example, at 68 degrees Fahrenheit, one cubic meter of air can retain about 18 grams of water. This is a state of saturation, with 100% relative humidity.
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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.
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