A dehumidifier is an electrical appliance used to reduce and maintain moisture in the air for health and comfort reasons. It eliminates musty and prevents mold growth by extracting water from air. Dehumidifier has wide used for various applications in household activities and commercial, or industrial sector.
A key factor driving growth of the global dehumidifier market is the increasing demand for dehumidifier in industrial and residential sector. In addition, rising demand for dehumidifier from food processing and packaging industry, and healthcare facilities is also expected to fuel growth of the target market over the forecast period. However, high cost of the dehumidifier and high energy consumption, may hamper demand and restrain growth of the global market over the forecast period.
The global dehumidifier market is segmented on the basis of product type, application, and region. On the basis of product type, the target market is segmented into chemical absorbent, heat pump, and ventilating dehumidifier. The heat pump segment is expected to witness highest growth in the target market during the forecast period. On the basis of application, the target market is segmented into commercial, industrial, and residential. The industrial segment is estimated to witness highest growth in the target market during the forecast period.
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On the basis of region, the global dehumidifier market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market accounted for highest revenue share in the market during the forecast period. Europe is also anticipated to witness a significant market share in terms of revenue to the target market during the forecast period. The Asia Pacific market is expected to register a highest growth in terms of revenue in the target market over the forecast period, due to increasing demand for dehumidifier from rapidly rising residential and industrial sector in the region. Latin America market is expected to register a moderate growth rate in the target market during the forecast period, followed by Middle East and Africa.
Key players operating in the target market include General Filters, Inc., Honeywell International, Inc., Sunpentown Inc., Thermo-Stor LLC, De’Longhi Appliances S.r.I., Whirlpool Corporation, LG Electronics Inc., Haier Inc., Munter Group AB, and Electrolux AB