March 28, 2020

Dehumidifiers Market will be growing at a CAGR of 7.0% during the forecast period from 2018 to 2026

According to a new market report published by Credence Research, Inc., “Global Dehumidifiers Market – Growth, Future Prospects and Competitive Landscape, 2018 – 2026”, the global market for dehumidifiers is expected to see an increase of 7.0 per cent in CAGR during the forecast period from 2018 to 2026.

Product Insights

The global market for dehumidifiers was valued at US$ 2.70 billion in 2017 and is likely to see significant growth at CAGR of 7.0 per cent during the forecast period from 2018 to 2026. Dehumidifiers help to maintain optimum humidity levels by removing moisture from the air. Lowering the level of humidity in a particular area is necessary to create a more comfortable interior, free from unsafe mold growth, clammy-feeling air and muggy conditions. As a result, maintaining stable humidity prevents mold growth, eliminates unpleasant conditions and protects the area and valuables from damage. Growing consumer awareness of maintaining health and well-being is one of the key factors driving the growth of the dehumidifiers market worldwide. In addition, increasing demand for household dehumidifiers and various end-use verticals to protect the indoor environment is expected to boost market growth during the forecast period from 2018 to 2026.

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The global market for dehumidifiers, based on the product type, was led by desiccant / chemical absorbent dehumidifiers in 2017. Desiccant / chemical absorbent dehumidifiers eliminate the need to cool the air before dehumidification, making the technology particularly suitable for cooler climates. As a result, the extensive use of these dehumidifiers across a number of industries, commercial buildings, medical centers and restaurants, among others, is driving its growth worldwide.

Furthermore, based on geography, North America acquired the largest share in the global market for dehumidifiers in 2017. Growth in this region is mainly accredited by increasing consumer awareness, coupled with a high level of dehumidification in areas where humidity levels are high. In addition, the presence of a number of leading players, including Frigidaire, General Filters, Inc., Honeywell International, Inc., The Whirlpool Corporation, etc., further promotes the growth of the dehumidifier market in the region.

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.

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Report Scope by Segments

By Product Type Segment

  • Desiccant/Chemical Absorbent Dehumidifiers
  • Heat Pumps/Thermoelectric
  • Refrigerant/Ventilating Dehumidifiers

By Technology Segment

  • Cold Condensation
  • Sorption
  • Warm Condensation

By End-user Segment

  • Residential
  • Commercial
  • Industrial

By Geography Segment

· North America (the U.S., Rest of North America)

· Europe (U.K., Germany, France, Rest of Europe)

· Asia Pacific (China, Japan, India, Rest of Asia Pacific)

· Rest of the World (the Middle East & Africa, 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?

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