Global Dehumidifier Market: Latest Trends, Opportunities and Driver
According to a new report published by Reports Monitor titled, “Global Dehumidifier Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the Dehumidifier Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Dehumidifier is an electronic device designed specifically to reduce the moisture content in the surrounding area. It is primarily used during warm/humid climate to alleviate allergy by extracting mold, dust and mild dew from the air.
The versions in climatic conditions due to biotic manner, solar radiation obtained and others majorly power the growth of dehumidifier market. It is also gaining steady demand from various end-uses such as pharmaceuticals, chemical industries, food and beverages, building and construction and others. However, higher cost involved in the installation and maintenance of device may slow down the growth of dehumidifier market. Moreover the rules and regulations regarding the improvement of indoor air quality has resulted in generating productive market opportunities in the forecast period.
This report provides a detailed analysis of Dehumidifier Market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
The global dehumidifier market is majorly segmented on the basis of product type and applications. Based on the product type, market is bifurcated into: ventilating, desiccant and heat pumps. On the basis of applications market is segmented into: commercial, industrial and residential.
The global Dehumidifier market is majorly studied across four regions: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Expansion in the building and construction sector and rising demand for the product in commercial and industrial application is majorly driving the market growth in North America, while rising demand in food and beverage sector results as an important factor in the growth of European market. Presence of large number of chemical and electronic companies in the countries such as China, India and Japan is propelling the growth of market.
The major key players operating in the market are: De’Longhi Appliances S.r.I, Electrolux (Frigidaire), General Filters, Inc., Haier Group, Heat Controller, Inc. (Comfort Aire), and Honeywell International Inc. Other prominent vendors include LG Electronics, Inc., Sunpentown International Inc., Therma-Stor LLC, and Whirlpool Corporation.
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