World News: 11:20 GMT Wednesday 11th September 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Sept. 11, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering. The global dehumidifier market is projected to reach $ 3.7 billion by 2024 from $ 2.5 billion in 2018, growing at a CAGR of 6.6%Owing to rising health concerns, consumers across the globe are spending heavily on lifestyle products, including dehumidifiers. Rising concerns about the harmful effects of air pollution, especially for people prone to allergies from airborne particles and with respiratory diseases, is increasing the awareness about the benefits of dehumidifiers, thereby driving growth in the market. The global dehumidifier market has been categorized into type, end-user and regional distribution. On the basis of type, the market is segmented into desiccant, refrigerant, and thermoelectric dehumidifiers. Of these categories, dessicant dehumidifiers are ideal for industrial use. The technology is cost-effective and efficient as they can reduce the humidity level of its surroundings to levels below 35%. Moreover, due to lack of compressor parts, they are lighter and quieter, unlike compressor dehumidifiers which tend to be heavier. On the other hand, refrigerant dehumidifiers, which account for the second largest share, are cheap to produce, easy to operate and effective in most domestic and commercial applications. The primary benefit of a refrigerant dehumidifier is that it performs exceptionally well when used in warm and humid climatic conditions. Based on end-use industry, the market is categorized into industrial, residential and commercial. Industrial sector dominated the global dehumidifier market as dehumidifiers are used to keep industrial raw materials, such as iron bars, concrete slabs, etc., free from moisture content. Increasing demand for dehumidifiers from food packaging & service industry is anticipated to majorly contribute to the growth of this segment during forecast period. Asia-Pacific dominates the global dehumidifiers market, owing to the fact that countries like Japan, Korea, China and India cumulatively account for a large number of industrial as well as manufacturing industries. As a result, the demand for dehumidifiers for industrial and commercial purposes in these countries is rising at a fast pace. In addition to this, surging number of air borne diseases and allergies in Asia-Pacific due to high humidity in countries like Indonesia, Hong Kong, etc., and rise in pollutants like pollen, dust and microbes are some of the other factors which are driving the market of dehumidifiers in Asia-Pacific region.Some of the leading companies in the global dehumidifiers market are Honeywell International, Munters AB, LG Electronics Inc, Gree Electrical, GE, Seibu-Giken, Amfah India, Frigidaire, Origin Dehumidifiers, etc. 4.1. Market Size & Forecast4.1.1. By Value & Volume4.2. Market Share & Forecast4.2.1. By Type (Desiccant, Refrigerant, Thermoelectric & Others)4.2.2. By Region4.2.3. By Company4.2.4. By End User (Commercial, Industrial & Residential)4.3. Market Attractiveness Index5.1. Market Size & Forecast5.1.1. By Value & Volume5.2. Market Share & Forecast5.2.1. By End User (Commercial, Industrial & Residential)6.1. Market Size & Forecast6.1.1. By Value & Volume6.2. Market Share & Forecast6.2.1. By End User (Commercial, Industrial & Residential)7.1. Market Size & Forecast7.1.1. By Value & Volume7.2. Market Share & Forecast7.2.1. By End User (Commercial, Industrial & Residential)8.1. Market Size & Forecast8.1.1. By Value & Volume9.1. Market Size & Forecast9.1.1. By Value & Volume9.2. Market Share & Forecast9.2.1. By Type (Desiccant, Refrigerant, Thermoelectric & Others)9.2.2. By End User (Commercial, Industrial & Residential)9.2.3. By Country184.108.40.206. China Dehumidifier Market Outlook220.127.116.11. Japan Dehumidifier Market Outlook18.104.22.168. South Korea Dehumidifier Market Outlook22.214.171.124. India Dehumidifier Market Outlook126.96.36.199. Indonesia Dehumidifier Market Outlook10.1. Market Size & Forecast10.1.1. By Value & Volume10.2. Market Share & Forecast10.2.1. By Type (Desiccant, Refrigerant, Thermoelectric & Others)10.2.2. By End-User10.2.3. By Country10.2.3.1. USA Dehumidifier Market Outlook10.2.3.2. Canada Dehumidifier Market Outlook10.2.3.3. Mexico Dehumidifier Market Outlook11.1. Market Size & Forecast11.1.1. By Value & Volume11.2. Market Share & Forecast11.2.1. By Type (Desiccant, Refrigerant, Thermoelectric & Others)11.2.2. By End- User11.2.3. By Country188.8.131.52. Saudi Arabia Dehumidifier Market Outlook184.108.40.206. UAE Dehumidifier Market Outlook220.127.116.11. South Africa Dehumidifier Market Outlook18.104.22.168. Qatar Dehumidifier Market Outlook12.1. Market Size & Forecast12.1.1. By Value & Volume12.2. Market Share & Forecast12.2.1. By Type (Desiccant, Refrigerant, Thermoelectric & Others)12.2.2. By End-User12.2.3. By Country22.214.171.124. Brazil Dehumidifier Market Outlook126.96.36.199. Argentina Dehumidifier Market Outlook188.8.131.52. Colombia Dehumidifier Market Outlook13.1. Market Size & Forecast13.1.1. By Value & Volume13.2. Market Share & Forecast13.2.1. By Type (Desiccant, Refrigerant, Thermoelectric & Others)13.2.2. By End-User13.2.3. By Country184.108.40.206. Germany Dehumidifier Market Outlook220.127.116.11. UK Dehumidifier Market Outlook18.104.22.168. France Dehumidifier Market Outlook22.214.171.124. Italy Dehumidifier Market Outlook126.96.36.199. Spain Dehumidifier Market Outlook14.1. Drivers14.2. Challenges15.1. Increasing Respiratory Diseases15.2. Product Innovation15.3. Rising Consumer Spending on Lifestyle Products15.4. Growing Demand from Commercial and Industrial Sectors15.5. Surging use of Desiccant Dehumidifiers15.6. Increasing Demand due to Loss from Spoilage and Corrosion15.7. Rules & Regulations imposed by Governing Authorities15.8. Growing Air Pollution Concerns16.1. Competitive Benchmarking16.2. Company Profiles16.2.1. Gree Electrical Appliances16.2.2. LG Electronics Inc.16.2.3. Honeywell International, Inc.16.2.4. Munters AB16.2.5. Seibu Giken Co. Ltd.16.2.6. Bry-Air Inc.16.2.7. Whirlpool Corporation16.2.8. Frigidaire16.2.9. De' Longhi Appliances Srl16.2.10. 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Globe Newswire: 11:20 GMT Wednesday 11th September 2019
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