Construction Industry- Major Contributer to Propel the Market Growth of Dehumidifiers Globally

 Dehumidifier Market

Dehumidifiers are the equipment or a system that remove moisture and decreases humidity in the air. Dehumidifiers are generally used in areas such as attic and basements, and crawl spaces to prevent musty odors, mould and damps. Additionally, these are used for comfort and health reasons in residential and commercial sectors. Some of the critical uses of dehumidifiers are found in platform legs, pump rooms, thruster rooms, life boats, pipe tunnels, and painting and preservation industry.

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The global dehumidifier market is projected to have a CAGR of 6.4% between the years 2014 and 2020. This market was valued at US$1.92 bn in 2013. The current rate of growth is expected to propel the market to US$2.96 bn by the end of 2020.

According to the report, the global dehumidifier market is currently being driven by the large-scale adoption of dehumidifiers in the industrial and commercial sectors. The report also explains that regulatory pressure on industries is causing a spike in the demand for dehumidifiers, thereby allowing a major scope of growth for this market.

The global dehumidifier market is also being propelled by the booming construction industry. The heavy activity levels in the global construction industry, especially in developing economies of the Asia Pacific region, are creating a major increase in demand for dehumidifiers. The market is also expected to witness an increase in demand from previously untapped application segments such as power plants and military arms depots.

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In 2013, desiccant dehumidifiers (chemical absorbent dehumidifiers) led the global dehumidifier market, thanks to demand mainly contributed by hotels, office buildings, medical centers, restaurants, and the food and beverage industry. On the other hand, heat pumps are anticipated to exhibit substantial growth at a 6.5% CAGR between the years 2014 and 2020. This rising growth is a result of a growing preference for energy-efficient dehumidification solutions. In addition to it, rigid government regulations are compelling the use of energy-efficient products, which is boosting the market growth for heat pumps. These heat pumps are expected to be more energy-efficient than other dehumidifiers in the global market

North America dominated the market for dehumidifiers; moreover, the demand for dehumidifiers from this region is anticipated to rise through the forecast period. The dominance of North America is due to the increasing number of restaurants and hotels. The rising numbers have resulted in increase in demand for dehumidification solutions in the region. Nevertheless, Asia Pacific is expected to exhibit the highest growth in the forecast period in terms of revenue. This growth would be driven by the tremendous use of dehumidifiers in the food industry, construction, and cold storage.

Major players in the Global Dehumidifiers Market:

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), General Filters, Inc.

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