Overview:
The global dehumidifiers market was valued at US$ 2.70 Bn in 2017 and is expected to witness a notable growth, expanding at a CAGR of 7.0% during the forecast period from 2018 to 2026. Dehumidifiers are used in maintaining the desired humidity levels. The process of dehumidification helps in removing humidity and vapor from the air. With heating and cooling, dehumidification is increasingly used in air conditioning applications. This alleviates the need to continuously reheat incoming air and maintain the requisite humidity in a particular area. Residential, commercial and industrial setups have the necessity to retain exact humidity levels, and it is well achieved with the help of dehumidifiers. Increasing adoption of various dehumidification solutions across several end-use verticals is one the major factors driving the dehumidifiers market worldwide.
Dehumidifiers help in extracting the humidity and dampness out of spaces, more often out of cellars. It is a necessity in environments where excess moisture could lead to growth of mold, allergies, wood damage or even incursion of insects. As a result, growing awareness among consumers to maintain the moisture of a particular area is expected to facilitate the growth of dehumidifiers market in the years to come.
Stringent regulations framed by the government of various regions pertaining to better indoor air quality is likely to augment the market growth in the near future. Government standards that focus on energy efficiency are propelling the use of dehumidifiers across various industries worldwide. Moreover, construction industry is extensively deploying dehumidifiers in order to keep the cement, iron rods and iron bars free from moisture. As a result, growing construction activities across the globe is projected to have favorable impact on the growth of global dehumidifiers market during the forecast period from 2018 to 2026.
Market Snapshot
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"Desiccant/Chemical Absorbent Dehumidifiers accounted for the Largest Market Share in 2017"
In 2017, desiccant/chemical absorbent dehumidifiers accounted for largest market share in the global dehumidifiers market. The growth of this segment is mainly attributed to the widespread application of these dehumidifiers across several industries, commercial buildings, medical centers and restaurants among others. Desiccant/chemical absorbent dehumidifiers naturally absorb water from the air using a desiccant and keeps the space dry. As desiccant reduces humidity by absorbing water molecules, they are widely used and packaged along with clothing, shoes and other items that needs to be kept dry.
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"North America Garnered Largest Market Share in 2017"
The global dehumidifiers market, based on geography was led by North America in 2017 and is likely to remain dominant throughout the forecast period from 2018 to 2026. The growth of this region is mainly accredited to the high adoption rates of dehumidifiers in the areas where humidity levels are high. Moreover, the presence of some leading players including Frigidaire, General Filters, Inc., Honeywell International, Inc., The Whirlpool Corporation, etc. is further supporting the growth of dehumidifiers market in the region.
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Competitive Insights
Major players in the dehumidifiers market include Airwatergreen AB, De’Longhi Appliances S.r.l., Frigidaire, General Filters, Inc., Honeywell International, Inc., MARS, LG Electronics, Munters, Seibu Giken DST AB, Sunpentown Inc., Therma-Stor LLC, The Whirlpool Corporation, and Woods among others.
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Historical & Forecast Period
The research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
Dehumidifiers market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global dehumidifiers market based on product type, technology, end-user and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2016-2026 |
| Base Year |
2017 |
| Forecast Period |
2018-2026 |
| Historical Year |
2016 |
| Unit |
USD Billion |
| Segmentation |
Product Type Segment (2016-2026; US$ Bn)
• Desiccant/Chemical Absorbent Dehumidifiers
• Heat Pumps/Thermoelectric
• Refrigerant/Ventilating Dehumidifiers
|
|
Technology Segment (2016-2026; US$ Bn)
• Cold Condensation
• Sorption
• Warm Condensation
|
|
End-user Segment (2016 – 2026; US$ Bn)
• Residential
• Commercial
• Industrial
|
|
Geography Segment (2016–2026; US$ Bn)
• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)
|
Key questions answered in this report
- What was the market size of dehumidifiers market in 2017 and forecast up to 2026?
- What are the key factors driving the global dehumidifiers market?
- What are the key market trends and high-growth opportunities observed in the dehumidifiers market?
- What are the drivers of the dehumidifiers market?
- Which is the largest regional market for dehumidifiers market?
- Which segment will grow at a faster pace? Why?
- Which region will drive the market growth? Why?
- Which players are leading the dehumidifiers market?
- What are the sustainability strategies adopted by the key players operating in the market?
