Global Dehumidifier Market Valuation to US$2.97 billion by 2020|Transparency Market Research

According to a recent market research report released by Transparency Market Research, the global dehumidifier market is expected to be valued at US$2.97 billion by 2020. The report, titled “Dehumidifier Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, estimates the size of the dehumidifier market worldwide, which was worth US$1.93 billion in 2013. Increased adoption of dehumidifiers in commercial and industrial sectors is expected to boost the overall market in the near future.The report points out that various environmental regulations will push the demand for dehumidifiers in various industries. Dehumidifiers find critical application in pump rooms, platform legs, life boats, pipe tunnels, thruster rooms, and painting and preservation industries to remove moisture and decrease humidity in the air. Increasing construction activities will also propel the market. However, the report points out that excessive product recalls by manufacturers owing to technical issues has negatively impacted consumers’ confidence in the industry. The report further mentions that the dehumidifier market has a huge opportunity to grow in untapped sectors such as power plants and military arms depots. Coastal regions of Asia pacific and Rest of the World will also contribute to the increase in demand for humidifiers in the near future. 

 

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The report compiles some of the latest trends in the global dehumidifier market, such as the use of liquid desiccants and integration of multiple technologies. Dehumidifiers are being integrated with existing HVAC equipment. Increasing usage of membrane technology in the dehumidification process has also been observed recently. By product type, the global dehumidification market has been segmented into ventilating dehumidifiers (refrigerant dehumidifiers), chemical absorbent dehumidifiers (desiccant dehumidifiers), and heat pumps. The report points out that in 2013, desiccant dehumidifiers were the largest product segment in the market due to increasing demand from office buildings, restaurants, medical centers, and the food and beverages industry. During the forecast horizon, heat pumps are expected to grow at a CAGR of 6.5%. The demand for heat pumps is increasing owing to the requirement for energy-efficient dehumidification solutions.