Transparency Market Research has published a new report titled "Dehumidifier Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020" to its report store.
Albany, NY -- (SBWIRE) -- 02/03/2015 -- The global dehumidifier market was valued at USD 1.93 billion in 2013. The market, on the basis of types, is segmented into heat pumps, ventilating dehumidifiers (refrigerant dehumidifiers) and chemical absorbent dehumidifiers (desiccant dehumidifiers). On the basis of applications of dehumidifiers, the market is segmented as industrial, commercial and residential applications. In industrial applications, construction industry was the largest contributor and accounted for 37.7% of the overall industrial application segment revenue in 2013.
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However, cold storage segment is expected to record highest growth rate during the forecast period. The growth is mainly driven by stringent government regulation that focuses on global warming and reduction in food wastage throughout the food and beverage industry, cold storage, and the supply chain. Moreover, the commercial users are expected to drive this market in the long run as several industries have realized the benefits of moisture control/prevention, which would help drive the demand positively. It includes users such as department stores, schools, cinemas, restaurants and hospitals.
Dehumidifiers are used to remove moisture content from air and maintain humidity at pre-defined levels. Dehumidifiers are preferred in locations such as attic and basements, and crawl spaces to prevent musty odors, mould and damps. Moreover, dehumidifiers are used for critical applications such as platform legs, pump rooms, thruster rooms, life boats, pipe tunnels, and painting and preservation industry.
In 2013, desiccant dehumidifiers dominated the global dehumidifier market, with demand largely contributed by food and beverage industry, hotels, office buildings, restaurants and medical centers. However, heat pumps are expected to show steady growth and are expected to grow at CAGR of 6.5% from 2014 to 2020. This high growth is attributed to the demand for energy efficient dehumidification solutions. Additionally, the government regulations that mandate the use of energy efficient products are propelling the market growth for heat pumps, which are more energy efficient than other dehumidifiers.
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Presently, construction industry is widely deploying dehumidifiers to dry plasters and slabs, maintain proper conditions for hardware storage and installations, and prevent mold growth. Moreover, the dehumidifiers market is expected to show growth traction across the food and beverage industry and cold storage. Dehumidifier manufacturers such as Honeywell International Inc. have introduced dehumidifiers that can be integrated with the existing HVAC systems. These systems are more energy efficient as compared to other systems. Adoption of this trend by other market players is expected to propel the market growth in near future.
North America was the largest market for dehumidifiers in 2013, and the demand for dehumidifiers in this region is expected to increase over the forecast period. This is due to the rising number of restaurants and hotels; resulting in increase in demand for dehumidification solutions However, Asia Pacific is expected to show the highest growth in terms of revenue. This growth would be mainly driven by increasing use of dehumidifiers in cold storage, construction and food industries.
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The global dehumidifier market contains numerous players. Major industry participants include Thermo-Stor LLC, De'Longhi Appliances S.r.I, Whirlpool Corporation, Haier Group, LG Electronics Inc., Honeywell International, Inc., Sunpentown International, Inc., Comfort Aire (Heat Controller), Electrolux (Frigidaire) and General Filters, Inc.
The report studies the global dehumidifier market and provides market estimates and forecast in terms of revenue (USD Million) for the period 2012 to 2020. Market estimates are provided on the basis of type of dehumidifiers and their applications across each geographic section. The market has been segmented as follows:
Browse the full Dehumidifier Market (Heat Pumps, Ventilating Dehumidifiers, Chemical Absorbent Dehumidifiers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/global-dehumidifier-market.html
Dehumidifier Market, by Type
Ventilating Dehumidifiers (Refrigerant Dehumidifiers)
Chemical Absorbent Dehumidifiers (Desiccant Dehumidifiers)
Dehumidifier Market, by Application
Food and Beverage Industry
Others (Pharmaceuticals and Manufacturing Processes)
Dehumidifier Market, by Geography
Rest of the World (RoW)?
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