Global Dehumidifier Market 2017-2021
Dehumidifier is an electrical appliance that reduces the level of humidity in the air. High moisture content in the air creates an unpleasant environment in both residential and industrial spaces. Hence it is important to maintain an adequate amount of moisture in the atmosphere, which can be achieved with the use of dehumidifiers. A dehumidifier takes in air, removes moisture content from it and then blows back the unsaturated air. The efficiency of a dehumidifier is the measure of the amount of water content it removes from the air within a given time period.
Technavio’s analysts forecast the global dehumidifier market to grow at a CAGR of 5.01% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global dehumidifier market for 2017-2021. To calculate the market size, the report considers the demand for dehumidifiers from various end-users.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Dehumidifier Market 2017-2021
Technavio recognizes the following companies as the key players in the global dehumidifier market: Frigidaire, Haier, Honeywell, and LG Electronics.
Other Prominent Vendors in the market are: General Filters, Condair Group, AmcorUK, Whirlpool Corporation, Therma-Stor LLC, De’Longhi Appliances, Mitsubishi Electric, STULZ Air Technology Systems, Munters, and Bry-Air.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing demand for healthcare facilities. Increasing population and the awareness of preventive healthcare have created a need for the development of pharmaceutical infrastructure across the globe. Dehumidifiers are used for multiple purposes in the healthcare industry. These are also used to preserve drugs and to control the moisture content within hospital premises, especially in an operation theater. Humidity accelerates the decomposition of drugs, thus reducing their shelf life. Similarly, operation theaters require a highly controlled environment and make use of dehumidifiers extensively.”
According to the report, one of the major drivers for this market is Growth in construction activities. Dehumidifers are generally used in commercial spaces to control the level of humidity. The improving economic conditions across the globe coupled with urbanization has led to increased construction of both commercial and residential spaces. There has been an increase in the construction of malls, hospitals, commercial buildings, hotels, and manufacturing facilities. The rise in the number of commercial spaces, new office floor spaces, corporate hubs and special economic zones (SEZs), and organized retail outlets are driving the demand for dehumidifier installations across countries. Hrowing population creates demand for improved public health, improved water quality, and wastewater management. This widens the scope of construction industry.
Further, the report states that one of the major factors hindering the growth of this market is Slowdown of Chinese economy. After the depression of 2008, all major economies have been experiencing a slowdown. China, however, is yet to recover from the depression. Incidentally, the country happens to be a major market for dehumidifiers and the economy is expected to affect the dehumidifier market. In 2015, the Chinese economy fell by more than 6%. This slow growth is mainly attributed to the poor performance of the country's real estate sector and significant manufacturing overcapacity.
Frigidaire, Haier, Honeywell, and LG Electronics, General Filters, Condair Group, AmcorUK, Whirlpool Corporation, Therma-Stor LLC, De’Longhi Appliances, Mitsubishi Electric, STULZ Air Technology Systems, Munters, and Bry-Air.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook