Industrial Dehumidifiers Market: Introduction
Industrial dehumidifiers may be defined as the device used to maintain desired humidity levels in the industrial sector. Pipe tunnels, pump rooms and thruster rooms etc. are some of the common application areas of dehumidifiers within the industrial sector. Dehumidifiers serve the purpose of maintaining humidity levels through the extraction of excess moisture form air. The global industrial dehumidifiers market is expected to foray ahead with a single digit CAGR over the forecast period, 2018-2028. Rapid industrialization across the globe has been considered as one of the key trends that is supplementing the global industrial dehumidifiers market growth. As per United Nations, Sustainable Development Goals, “Goal 9” has been introduced that covers various targets one of them is promoting inclusive and sustainable industrialization. Growing manufacturing industry, increasing population, rapid urbanization etc. are some of the factors boosting industrialization that, in turn, is augmenting the Industrial Dehumidifiers market growth. Moreover, changing climatic conditions, government regulations on energy efficient systems, coupled with rise in construction industry and increasing disposable income, are some of the factors providing traction to the industrial dehumidifiers market growth.
Globally thriving construction industry is providing traction to the Industrial Dehumidifiers market growth over the forecast period
The increasing construction activities across the globe tends to increase the industrialization on a positive note. According to Institution of Civil Engineers, a report “Global Construction Perspectives and Oxford Economics” suggests the global construction marker is expected to reach $8 trillion by the end of 2030. Also, China, India and United States will lead the industry by accounting for about 57% of the global construction industry growth. The increasing construction activities would, thus end up in expansion of the end-user industries of industrial dehumidifiers, such as Food and Beverages, Pharmaceutical, Cold storage etc. This, in turn, would drive the industrial dehumidifiers market growth till 2028.
Furthermore, government regulations regarding energy efficiency and technological advancements tends to provide huge growth prospects to the industrial dehumidifiers market. AHAM 7008-2018/CSA SPE-7008-18/UL 7008-18 is one of the energy efficiency standard that calls for the dehumidifiers. Also, the advent of dehumidifiers can be integrated with HVAC systems, which is one of the technological up gradation fueling the industrial dehumidifiers market growth.
Segmentation analysis of Industrial Dehumidifiers Market
The global industrial dehumidifiers market is bifurcated into three major segments that are product, technology and end-user industry.
On the basis of product, the global industrial dehumidifiers market is divided into:
- Heat pumps
- Chemical absorbent dehumidifiers (desiccant dehumidifiers)
- Ventilating dehumidifiers (refrigerant dehumidifiers)
On the basis of technology, the global industrial dehumidifiers market is divided into:
- Cold condensation
- Warm condensation
On the basis of end-use industry, the global industrial dehumidifiers market is divided into:
- Food and beverages
- Cold storage
Industrial Dehumidifiers Market: Regional Outlook
The global industrial dehumidifiers market is segmented into seven regions including North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA. Among the above-mentioned regions, North America accounted for a majority of the market share under the global industrial dehumidifiers market owing to considerable regulations on advanced energy-efficient systems in the industrial sector. In addition, vast industrialization coupled with presence of major key players also drives the North America industrial dehumidifiers market. Furthermore, Europe is projected to showcase moderate growth in the global industrial dehumidifiers market. Moreover, East Asia and South Asia are expected to be the emerging market owing to the increasing end-use industries, adoption of maintenance free dehumidifiers coupled with extensive coastlines in the Asian countries.
Key players of Industrial Dehumidifiers Market
Prominent players in the global industrial dehumidifiers market are Honeywell International, Inc., Electrolux (Frigidaire) and General Filters, Inc., LG Electronics Inc., Whirlpool Corporation, Haier Group, De’Longhi Appliances S.r.I., Sunpentown International, Inc., Thermo-Stor LLC etc. The industrial dehumidifiers market consists of well-diversified global and regional players with global vendors ruling the market.
The research report presents a comprehensive assessment of the Industrial Dehumidifiers market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Industrial Dehumidifiers market report provides analysis and information, according to market segments such as geographies, type and industry.
The Industrial Dehumidifiers Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Industrial Dehumidifiers Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, RoE)
- East Asia
- South Asia
The Industrial Dehumidifiers report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Industrial Dehumidifiers report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The Industrial Dehumidifiers report also maps the qualitative impact of various market factors on market segments and geographies.
The Industrial Dehumidifiers Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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