Dehumidifier Market Insight
The global dehumidifier market is projected to grow at the rate of 7.3% during the forecast period 2018 to 2023. Increasing consumer inclination towards better air quality in home is expected to play major role to drive the market growth, especially in developed economies. Dehumidifier are becoming essential appliances in many industries where maintaining the particular level of moisture is very important. For instance, in printing industry, dehumidifiers control moisture content of paper or corrugated cardboard to ensure proper registry. They remove moisture in a space as the seasons and weather change, which ensures product quality and proper equipment performance. Additionally, increasing application of dehumidifier in food packaging and processing industry to dew point and air moisture in hygroscopic (moisture-absorbent) product storage or processing facilities is expected to boost the market growth in the upcoming years.
Growing Demand of Dehumidifier for Commercial Purpose to drive the Dehumidifier Market Growth
Growing demand of dehumidifier from industrial and commercial sectors to control humidity level is driving the market growth as dehumidifiers control the level of humidity in air by extracting excess moisture from the air. Moreover, dehumidifier are gaining popularity as household appliance which are also used to remove fusty odor from the air within home. Normally, large dehumidifiers are used in commercial purpose such as supermarkets and shopping malls to keep humidity levels under control. Additionally, application of dehumidifier in industrial sector such as pump rooms, thruster rooms, pipe tunnels, painting and preservation industry is witnessing significant growth from last few years. Rising need of controlled moisture content in environment is increasing globally, especially from the industrial and commercial sectors. Changing climate conditions, increasing industrial development, and growing urbanization is also playing key role to drive the market growth from last few years.
Thermoelectric Dehumidifier to Witness Fastest Growth Rate during the Forecast Period
Increasing consumer awareness about side effects of bad indoor air quality on health is supporting the market growth for residential application. Growing instances of respiratory diseases across globe caused by various pollutants present in the air is influencing sales of thermoelectric dehumidifier across globe. In industrial sector, rise in exposure to airborne pollutants and irritants with each breath, the number of individuals suffering from air borne diseases has surged over the years which has driving the demand of dehumidifier from industrial sector. Growing demand of portable dehumidifier for residential application is likely to boost the sales of portable refrigerant and thermoelectric dehumidifier mainly due to less energy consumption by portable dehumidifier than an air conditioner and also help to save energy. Market is likely to witness innovation in dehumidifiers as key players are more focusing on development of dehumidifiers which help to reduce energy and can reduce less risk of surface drying cavitations.
Rising Demand Dehumidifiers for Industrial Application to Drive the Market Growth in Europe Region
Desiccant and thermoelectric dehumidifiers are gaining more popularity in the developing regions such as India, China, Indonesia and others which is driving the market growth in Asia-Pacific region from last few years. However, lack of awareness in rural area and dominance of unorganized sector is likely to hampers market growth in Asia-Pacific region. Rapid development of infrastructure in Asia-Pacific is influencing the construction industry where dehumidifiers are widely used for various application such as drying plasters and slabs is supporting market growth in the region. Growing numbers of hotels, restaurants, food industries and cold storages in Asia-Pacific and North America is causing in increasing demand for dehumidifiers for commercial and industrial application in the regions and it is estimated to grow significantly during the forecast period 2018 to 2023.
Key Developments in the Dehumidifier Market
- Jul 2018: Amazon partnered with Haier to boost its Dash button service which is likely to boost the sales of different appliances including dehumidifiers through online retail stores.
- Apr 2018: - Soleus Air, one of the leaders in residential and commercial HVAC, was recently granted a U.S. patent for 3 internal safety features on its portable residential dehumidifiers. Soleus Air engineers developed 3 safety features, now patented and found exclusively on Soleus Air dehumidifiers.
Competitive Landscape of Dehumidifier Market
Major Key Players are Electrolux Home Products, Inc., General Filters, Inc., Haier Group Corporation, De'Longhi S.p.A, Heat Controller, Inc., Honeywell International Inc, LG Electronics Inc., Sunpentown International Inc., Condair Group AG, Whirlpool Corporation, Mitsubishi Electric Corporation, and Therma-Stor LLC
Reasons to Purchase Dehumidifier Market Research Report
- Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
- Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
- Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- 3-month analyst supports, along with the Market Estimates sheet in excel
Customization of Dehumidifier Market Research Report
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1.1 Scope of Study
1.2 Study Deliverables
1.3 Study Assumptions
1.4 Research Phases
2. Dehumidifier Market Insights
2.1 Market Overview
2.2 Market Trends
2.3 Industry Attractiveness – Porter’s Five Forces Analysis
2.3.1 Bargaining Power of Suppliers
2.3.2 Bargaining Power of Consumers
2.3.3 Threat of New Entrants
2.3.4 Threat of Substitute Products and Services
2.4.5 Degree of Competition
3. Dehumidifier Market Dynamics
4. Dehumidifier Market Segmentation
4.1 Product Type
4.3 Distribution Channel
4.3.1 Offline retail stores
4.3.2 Online retail stores
5. Dehumidifier Market By Geography
5.1 North America Dehumidifier Market Size (2018-2023)
5.1.1 US Dehumidifier Market Size (2018-2023)
5.1.2 Canada Dehumidifier Market Size (2018-2023)
5.1.3 Mexico Dehumidifier Market Size (2018-2023)
5.1.4 Rest of North America Dehumidifier Market Size (2018-2023)
5.2 Europe Dehumidifier Market Size (2018-2023)
5.2.1 Spain Dehumidifier Market Size (2018-2023)
5.2.2 UK Dehumidifier Market Size (2018-2023)
5.2.3 Germany Dehumidifier Market Size (2018-2023)
5.2.4 France Dehumidifier Market Size (2018-2023)
5.2.5 Italy Dehumidifier Market Size (2018-2023)
5.2.6 Russia Dehumidifier Market Size (2018-2023)
5.2.7 Rest of Europe Dehumidifier Market Size (2018-2023)
5.3 Asia-Pacific Dehumidifier Market Size (2018-2023)
5.3.1 China Dehumidifier Market Size (2018-2023)
5.3.2 Japan Dehumidifier Market Size (2018-2023)
5.3.3 India Dehumidifier Market Size (2018-2023)
5.3.4 Australia Dehumidifier Market Size (2018-2023)
5.3.5 Rest of Asia-Pacific Dehumidifier Market Size (2018-2023)
5.4 South America Dehumidifier Market Size (2018-2023)
5.4.1 Brazil Dehumidifier Market Size (2018-2023)
5.4.2 Argentina Dehumidifier Market Size (2018-2023)
5.4.3 Rest of South America Dehumidifier Market Size (2018-2023)
5.5 Middle East & South Africa Dehumidifier Market Size (2018-2023)
5.5.1 South Africa Dehumidifier Market Size (2018-2023)
5.5.2 Saudi Arabia Dehumidifier Market Size (2018-2023)
5.5.3 Rest of Middle East & Africa Dehumidifier Market Size (2018-2023)
6. Dehumidifier Market Competitive Landscape
6.1 Most Active Companies
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
7. Company Profiles
7.1 Electrolux Home Products, Inc.
7.2 General Filters, Inc.
7.3 Haier Group Corporation
7.4 De'Longhi S.p.A
7.5 Heat Controller, Inc.
7.6 Honeywell International Inc
7.7 LG Electronics Inc.
7.8 Sunpentown International Inc.
7.9 Condair Group AG
7.10 Whirlpool Corporation
7.11 Mitsubishi Electric Corporation
7.12 Therma-Stor LLC