According to a new market report published by Credence Research, Inc., “Global Dehumidifiers Market(By Product Type (Desiccant/Chemical Absorbent Dehumidifiers, Heat Pumps/Thermoelectric and Refrigerant/Ventilating Dehumidifier), By Technology (Cold Condensation, Sorption and Warm Condensation), By End-user (Residential, Commercial and Industrial)) – Growth, Future Prospects and Competitive Landscape, 2018 – 2026”, the global dehumidifiers market is expected to witness a growth of 7.0% CAGR during the forecast period from 2018 to 2026.
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Product Insights
The global dehumidifiers market was valued at US$ 2.70 Bn in 2017 and is likely to witness a significant growth, growing at a CAGR of 7.0% during the forecast period from 2018 to 2026. Dehumidifiers help in maintaining the optimal humidity levels by removing moisture from the air. Lowering the humidity level in a particular area is necessary to create more comfortable indoors that is free of unhealthy mold growth, clammy-feeling air, and muggy conditions. As a result, maintaining a stable humidity prevents mold growth, removes uncomfortable conditions, while safeguarding the area and valuables from damage. Growing awareness among consumers to maintain the health and well-being is one of the major factors driving the growth of dehumidifiers market worldwide. Moreover, rising demand for dehumidifiers from households and across various end-use verticals to protect the indoor environment is expected to boost the market growth during the forecast period from 2018 to 2026.
The global dehumidifiers market, based on product type was led by the desiccant/chemical absorbent dehumidifiers in 2017. Desiccant/chemical absorbent dehumidifiers eliminates the need to cool the air prior to dehumidification, making the technology especially suited for cooler climates. As a result, an extensive use of these dehumidifiers across several industries, commercial buildings, medical centers and restaurants among others is driving its growth worldwide.
Further, based on geography, North America garnered the largest share in the global dehumidifiers market in 2017. The growth of this region is mainly accredited to the growing awareness amongst the consumers coupled with high adoption 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:
In order to encourage the use and increase awareness of dehumidifiers, players operating in the market are investing in bringing out innovative products to the market. Players are focusing mainly on innovations and launching new dehumidifiers with smart and advanced technologies to cater the needs of their consumers.
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.
Browse the full report at https://www.credenceresearch.com/report/dehumidifiers-market
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