Dehumidifier Market To Increase Rapidly at a CAGR of 5.4% to reach $3.8 billion by 2025
According to a new market research report “Dehumidifier Market by Product Type (Refrigeration Dehumidifiers and Absorption Dehumidifiers) and Application (Industrial, Commercial, and Residential) - Global Forecast to 2025”, published by Meticulous Research®, the global dehumidifier market is expected to grow at a CAGR of 5.4% from 2019 to reach $3.8 billion by 2025.
In order to maintain the desired levels of humidity, the dehumidifiers are widely used across industrial, residential, and commercial sectors. Dehumidifiers control the level of humidity in air by extracting the excess moisture from the air. The household appliance dehumidifiers are used to eliminate musty odor for healthy and comfortable living. Dehumidifiers are also widely used across manufacturing, packing, and storing applications in pharmaceutical industry; food processing; electronic storing; defense equipment storing; and coffee/tea drying and packing areas, to maintain low humidity levels in order to prevent product deformation or corrosion on the precision materials.
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The global dehumidifier market is primarily segmented by product type (refrigeration dehumidifiers and absorption dehumidifiers), by application (industrial, commercial, and residential), and geography.
On the basis of product type, absorption dehumidifier segment is estimated to command the largest share of the overall dehumidifier market in 2019. The high demand for absorption dehumidifier owing to its wider applications across many industries with its higher efficiency and cost-effectiveness in the control of air moisture and humidity has led to the largest share of this segment.
On the basis of application, industrial application segment is estimated to command the largest share of the overall dehumidifier market in 2019. The growth in this market is mainly driven by growing global economy and industrialization. In addition, stringent government norms mainly focusing on the global warming as well as growing demand for moisture control in manufacturing, processing, packaging, and storing industries is further supporting the growth of this market.
Browse key industry insights spread across 120 pages with 50 market data tables & 22 figures & charts from the AIDC market research report:
Dehumidifiers market is fragmented in nature with the presence of various global and local players. The major players operating in the global dehumidifiers market are focusing on various growth strategies to establish their presence belligerently, and garner greater market share. Some of the key players operating in the global dehumidifier market are Honeywell International Inc. (U.S.), Whirlpool Corporation (U.S.), Bry-Air Pvt. Ltd. (India), Seresco Dehumidifiers (Canada), Danby Products Inc. (Canada), Microwell, spol. s.r.o. (Slovakia), Carrier Corporation (U.S.), Mitsubishi Electric Corporation (Japan), LG Electronics (South Korea), Condair Group (Switzerland), AB Electrolux (Sweden), Sunpentown International Inc. (U.S.), Therma-Stor LLC (U.S.), De’Longhi Group (Italy), and General Filters, Inc. (U.S.), among others.Have any Query? Speak to our experts: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5066
Scope of the Report:
Dehumidifier Market, by Product
- Absorption dehumidifiers
- Refrigeration Dehumidifiers
Dehumidifier Market, by Application
Dehumidifier Market, by Geography
- North America
- Rest of Europe (RoE)
- Asia Pacific
- Rest of Asia Pacific (RoAPAC)
- South America
- Middle East & Africa
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