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Published Date: 2014-09-17Number of Pages: 104

Dehumidifier Market (Heat Pumps, Ventilating Dehumidifiers, Chemical Absorbent Dehumidifiers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Dehumidifiers are equipments used to remove access moisture and retain desired level of humidity at a given place (space) Dehumidifiers can be broadly classified into heat pumps, refrigerant dehumidifiers (ventilating dehumidifier) and chemical absorbent dehumidifier (desiccant dehumidifier) based on the technology used. These dehumidifiers are used across industrial, commercial, and residential applications. 
 
The market for dehumidifiers globally was valued at USD 1,927.1 million in 2013 and is expected to grow at a CAGR of 6.4% from 2014 to 2020 to reach USD 2,966.6 million in 2019.The global dehumidifier market is primarily driven by increasing adoption of dehumidification solutions in commercial and industrial sectors. Additionally, the increasing health awareness and stringent government regulations for controlling global warming and curtailing food wastage is fueling the growth of the market. Dehumidifiers are used to keep the building materials such as cement, iron bars/rods, etc. free from moisture. Dehumidifiers are also used for drying of slab/wall in construction industry, which helps reduce the average time span of the entire project. Thus, with rise in number of construction activities across the regions such Asia Pacific and Rest of the World (RoW), the demand for dehumidifiers in the construction industry is expected to grow, thereby driving the market growth. However, technical issues with the dehumidifiers have resulted in product recall and thus have recessed the market growth over the past few years. 
 
Chemical absorbent dehumidifiers’ (desiccant dehumidifiers) held the largest market share, accounting for 53.5% of the global revenue share in 2013. This dominance is attributed to the wide application of desiccant dehumidifiers across food and beverage industry, hotels, commercial apartment buildings, restaurants and medical centers among others. However, owing to the changing industry trend, across all applications, towards adopting energy efficient dehumidifiers across is propelling the market growth for heat pumps. This growth is attributed to the high energy efficiency of heat pumps as compared to other dehumidifiers. Heat pumps market is expected to grow at a CAGR of 6.5% during the forecast period.
 
In 2020, the industrial application segment is expected to dominate the market followed by residential application segment. Rise in adoption of dehumidifiers owing to increasing health awareness across residential applications is expected to boost the market growth for residential application dehumidifiers. The residential dehumidifier market is forecast to grow at a CAGR of 6.0% from 2014 to 2020. Moreover, improved indoor air quality (IAQ) and ventilation guidelines by the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) are expected to further drive the demand for residential dehumidifiers.
 
Construction industry dominated the industrial application segment of dehumidifier market in 2013. This dominance is attributed to the increasing infrastructural activities across the world. However, the market is expected to witness tremendous growth in the food and beverage and cold storage industries. The food and beverage industry is expected to grow at a CAGR of 6.7% during the forecast period.
 
In 2013, North America dominated the global dehumidifiers market. Growth in the region is mainly driven by rise in number of construction activities. Moreover, with growth trend of using dehumidifiers for maintaining the food quality and keeping the inventory moisture free in the hotel and restaurant industry is propelling the market growth in this region. However, the players in dehumidification market also find remarkable growth opportunities across the coastal regions of Asia Pacific and Rest of the World (RoW), which have become epicenter for tourism and commercial trade activities. 
 
 
The global market for dehumidifier is highly competitive in nature with leading players such as Thermo-Stor LLC, De’Longhi Appliances S.r.I, Whirlpool Corporation, Haier Group, LG Electronics Inc., Honeywell International, Inc., Sunpentown International, Inc., Comfort Aire (Heat Controller), Electrolux (Frigidaire) and General Filters, Inc. competing with each other to obtain competitive edge. In order to sustain the competition, the companies are expected to offer convergence of dehumidification solutions with the existing HVAC solutions in near future.

 
Chapter 1 Preface
1.1 Report Description
1.2 Report Scope
1.3 Market Segmentation
1.4 Research Methodology
      1.4.1 Sources
               1.4.1.1 Secondary Research
               1.4.1.2 Primary Research
 
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Dehumidifier Market (2013 & 2020)
2.2 Global Dehumidifier Market, 2012 - 2020, Revenue (USD Million) and Y-o-Y Growth (%)
 
Chapter 3 Global Dehumidifier Market Overview
3.1 Introduction
3.2 Market Dynamics
      3.2.1 Market Drivers
               3.2.1.1 Increased Adoption of Dehumidifiers in Industrial/ Commercial Industries
               3.2.1.2 Healthy Homes and Government Regulations and Organizational Regulations
               3.2.1.3 Increasing Construction Activities
      3.2.2 Impact Analysis for Drivers
      3.2.3 Restraints
               3.2.3.1 Excessive Product Recalls due to Technical Issues Negate Consumer Confidence
      3.2.4 Impact Analysis for Restraints
      3.2.5 Opportunities
               3.2.5.1 Untapped Markets such as Military Arms Depots and Power Plants
               3.2.5.2 Coastal Regions of Asia Pacific and Rest of the World
3.3 Market Trends and Future Outlook
      3.3.1 Use of Liquid Desiccants
      3.3.2 Integration of Dehumidifiers with Existing HVAC Equipment
      3.3.3 Integration of Multiple Technologies
      3.3.4 Usage of Membrane in Dehumidification Process
3.4 Value Chain Analysis: Global Dehumidifiers Market
      3.4.1 Raw Material Suppliers
      3.4.2 Original Equipment Manufacturers (OEMs)
      3.4.3 Distributor and Reseller
      3.4.4 Installation and Service Providers
      3.4.5 End-users
3.5 Porter’s Five Forces Analysis: Global Dehumidifiers Market
      3.5.1 Bargaining Power of Suppliers
      3.5.2 Bargaining Power of Buyers
      3.5.3 Threat of New Entrants
      3.5.4 Threat of Substitutes
      3.5.5 Degree of Competition
3.6 Market Attractiveness Analysis: Global Dehumidifiers Market, by Applications
3.7 Competitive Landscape
      3.7.1 Summary
      3.7.2 Competitive Challenges
               3.7.2.1 Rising number of manufacturers and distributors due to minimal entry barriers leading to price pressures and decline in profitability
      3.7.3 Market Share Analysis, by Key Players, 2013 (Value %)
 
Chapter 4 Global Dehumidifier Market Revenue, by Type
4.1 Overview
      4.1.1 Global Dehumidifier Market Revenue, by Type, 2012 - 2020 (USD Million)
      4.1.2 Comparative Analysis: Global Dehumidifier Market Shares, by Type, 2013 and 2020 (Revenue %)
4.2 Heat Pumps
      4.2.1 Global Heat Pumps Market Revenue, 2012 - 2020 (USD Million)
4.3 Ventilating Dehumidifiers (Refrigerant Dehumidifiers)
      4.3.1 Global Ventilating Dehumidifiers Market Revenue, 2012 - 2020 (USD Million)
4.4 Chemical Absorbent Dehumidifiers (Desiccant Dehumidifiers)
      4.4.1 Global Chemical Absorbent Dehumidifiers Market Revenue, 2012 - 2020 (USD Million)
 
Chapter 5 Global Dehumidifier Market Revenue, by Application
5.1 Overview
      5.1.1 Global Dehumidifier Market Revenue, by Application, 2012 - 2020 (USD Million)
      5.1.2 Comparative Analysis: Global Dehumidifier Market Shares, by Application, 2013 and 2020 (Revenue %)
5.2 Industrial Applications
      5.2.1 Global Dehumidifier Market Revenue, by Industrial Application, 2012 - 2020 (USD Million)
      5.2.2 Comparative Analysis: Global Dehumidifier Market Shares, by Industrial Application, 2013 and 2020 (Revenue %)
      5.2.3 Food and Beverages Industry
               5.2.3.1 Global Dehumidifiers for Food and Beverages Application, Market Revenue, 2012 - 2020 (USD Million)
      5.2.4 Cold Storage
               5.2.4.1 Global Dehumidifiers for Cold Storage Applications, Market Revenue, 2012 - 2020 (USD Million)
      5.2.5 Construction Industry
               5.2.5.1 Global Dehumidifiers for Construction Application, Market Revenue, 2012 - 2020 (USD Million)
      5.2.6 Others (Manufacturing Processes and Pharmaceuticals)
               5.2.6.1 Global Dehumidifiers for Other (Manufacturing Process and Pharmaceutical) Application, Market Revenue, 2012 - 2020 (USD Million)
5.3 Commercial Applications
      5.3.1 Global Dehumidifiers for Commercial Application, Market Revenue, 2012 - 2020 (USD Million)
5.4 Residential Applications
      5.4.1 Global Dehumidifiers for Residential Application, Market Revenue, 2012 - 2020 (USD Million)
 
Chapter 6 Global Dehumidifiers Market Revenue, by Geography
6.1 Overview
      6.1.1 Global Dehumidifiers Market, by Geography, 2012 - 2020 (USD Million)
      6.2.1 North America Dehumidifiers Market, by Application, 2012 - 2020 (USD Million)
               6.2.1.1 North America Dehumidifiers Market, by Industrial Application, 2012 - 2020 (USD Million)
      6.2.2 North America Dehumidifiers Market, by Type, 2012 - 2020 (USD Million)
6.3 Europe
      6.3.1 Europe Dehumidifiers Market, by Application, 2012 - 2020 (USD Million)
               6.3.1.1 Europe Dehumidifiers Market, by Industrial Application, 2012 - 2020 (USD Million)
      6.3.2 Europe Dehumidifiers Market, by Type, 2012 - 2020 (USD Million)
6.4 Asia Pacific
      6.4.1 Asia Pacific Dehumidifiers Market, by Application, 2012 - 2020 (USD Million)
               6.4.1.1 Asia Pacific Dehumidifiers Market, by Industrial Application, 2012 - 2020 (USD Million)
      6.4.2 Asia Pacific Dehumidifiers Market, by Type, 2012 - 2020 (USD Million)
6.5 Rest of the World (RoW)
      6.5.1 Rest of the World Dehumidifiers Market, by Application, 2012 - 2020 (USD Million)
               6.5.1.1 Rest of the World Dehumidifiers Market, by Industrial Application, 2012 - 2020 (USD Million)
      6.5.2 Rest of the World Dehumidifiers Market, by Type, 2012 - 2020 (USD Million)
 
Chapter 7 Company Profiles
7.1 Therma-Stor LLC
      7.1.1 Company Overview
      7.1.2 Financial Overview
      7.1.3 Business Strategies
      7.1.4 Recent Developments
7.2 De’Longhi Appliances S.r.I
      7.2.1 Company Overview
      7.2.2 Financial Overview
      7.2.3 Business Strategies
      7.2.4 Recent Developments
7.3 Whirlpool Corporation
      7.3.1 Company Overview
      7.3.2 Financial Overview
      7.3.3 Business Strategies
      7.3.4 Recent Developments
7.4 Haier Group
      7.4.1 Company Overview
      7.4.2 Financial Overview
      7.4.3 Business Strategies
      7.4.4 Recent Developments
7.5 LG Electronics, Inc.
      7.5.1 Company Overview
      7.5.2 Financial Overview
      7.5.3 Business Strategies
      7.5.4 Recent Developments
7.6 Honeywell International Inc.
      7.6.1 Company Overview
      7.6.2 Financial Overview
      7.6.3 Business Strategies
      7.6.4 Recent Developments
7.7 Sunpentown International Inc.
      7.7.1 Company Overview
      7.7.2 Financial Overview
      7.7.3 Business Strategies
      7.7.4 Recent Developments
7.8 Heat Controller, Inc. (Comfort Aire)
      7.8.1 Company Overview
      7.8.2 Financial Overview
      7.8.3 Business Strategies
      7.8.4 Recent Developments
7.9 Electrolux (Frigidaire)
      7.9.1 Company Overview
      7.9.2 Financial Overview
      7.9.3 Business Strategies
      7.9.4 Recent Developments
7.10 General Filters, Inc.
      7.10.1 Company Overview
      7.10.2 Financial Overview
      7.10.3 Business Strategies
      7.10.4 Recent Developments

List of Figures
 
FIG. 1 Market Segmentation: Global Dehumidifier Market
FIG. 2 Global Dehumidifier Market, 2012 - 2020, Revenue (USD Million) and Y-o-Y Growth (%)
FIG. 3 Global Dehumidifier Market, by Type, 2013 (USD Million)
FIG. 4 Global Dehumidifier Market, by Application, 2013 (USD Million)
FIG. 5 Global Dehumidifier Market, by Industrial Application, 2013 (USD Million)
FIG. 6 Global Dehumidifier Market, by Geography, 2013 (USD Million)
FIG. 7 Value Chain Analysis: Global Dehumidifiers Market
FIG. 8 Porter’s Five Force Analysis: Global Dehumidifiers Market
FIG. 9 Market Attractiveness Analysis: Global Dehumidifiers Market, by Applications
FIG. 10 Market Share Analysis, by Key Players, 2013 (Value %)
FIG. 11 Comparative Analysis: Global Dehumidifier Market Shares, by Type, 2013 and 2020 (Revenue %)
FIG. 12 Global Heat Pumps Market Revenue, 2012 - 2020 (USD Million)
FIG. 13 Global Ventilating Dehumidifiers Market Revenue, 2012 - 2020 (USD Million)
FIG. 14 Global Chemical Absorbent  Dehumidifiers Market Revenue, 2012 - 2020 (USD Million)
FIG. 15 Comparative Analysis: Global Dehumidifier Market Shares, by Application, 2013 and 2020 (Revenue %)
FIG. 16 Comparative Analysis: Global Dehumidifier Market Shares, by Industrial Application, 2013 and 2020 (Revenue %)
FIG. 17 Global Dehumidifiers for Food and Beverages Applications, Market Revenue, 2012 - 2020 (USD Million)
FIG. 18 Global Dehumidifiers for Cold Storage Applications, Market Revenue, 2012 - 2020 (USD Million)
FIG. 19 Global Dehumidifiers for Construction Application, Market Revenue, 2012 - 2020 (USD Million)
FIG. 20 Global Dehumidifiers for Other (Manufacturing Process and Pharmaceutical) Application, Market Revenue, 2012 - 2020 (USD Million)
FIG. 21 Global Dehumidifiers for Commercial Application, Market Revenue, 2012 - 2020 (USD Million)
FIG. 22 Global Dehumidifiers for Residential Applications, Market Revenue, 2012  -  2020 (USD Million)
FIG. 23 De’Longhi Appliances S.r.I: Annual Revenue, 2011 - 2013 (USD Billion)
FIG. 24 Whirlpool Corporation: Annual Revenue, 2011 - 2013 (USD Billion)
FIG. 25 Haier Group: Annual Revenue, 2011 - 2013 (USD Billion)
FIG. 26 LG Electronics, Inc.: Annual Revenue, 2011 - 2013 (USD Billion)

List of Tables
 
TABLE 1 Market Snapshot: Global Dehumidifier Market (2013 & 2020)
TABLE 2 Growth of Different Industry Verticals (%)
TABLE 3 New Hotels in Pipeline and Increase in Number of Projects (%)
TABLE 4 Top 10 U.S. Markets by Rooms in Construction Phase
TABLE 5 Value of Construction Put in Place in the U.S., Seasonally Adjusted Annual Rate in (USD Million)
TABLE 6 Impact Analysis for Drivers
TABLE 7 Impact Analysis for Restraints
TABLE 8 Global Dehumidifier Market Revenue, by Type, 2012 - 2020 (USD Million)
TABLE 9 Global Dehumidifier Market Revenue, by Application, 2012 - 2020 (USD Million)
TABLE 10 Global Dehumidifier Market Revenue, by Industrial Application, 2012 - 2020 (USD Million)
TABLE 11 Amended Energy Conservation Standards for Residential Dehumidifiers Manufactured on or after October 1, 2012
TABLE 12 Global Dehumidifiers Market, by Geography, 2012 - 2020 (USD Million)
TABLE 13 North America Dehumidifiers Market, by Application, 2012 - 2020 (USD Million)
TABLE 14 North America Dehumidifiers Market, by Industrial Application, 2012 - 2020 (USD Million)
TABLE 15 North America Dehumidifiers Market, by Type, 2012 - 2020 (USD Million)
TABLE 16 Europe Dehumidifiers Market, by Application, 2012 - 2020 (USD Million)
TABLE 17 Europe Dehumidifiers Market, by Industrial Application, 2012 - 2020 (USD Million)
TABLE 18 Europe Dehumidifiers Market, by Type, 2012 - 2020 (USD Million)
TABLE 19 Asia Pacific Dehumidifiers Market, by Application, 2012 - 2020 (USD Million)
TABLE 20 Asia Pacific Dehumidifiers Market, by Industrial Application, 2012 - 2020 (USD million)
TABLE 21 Asia Pacific Dehumidifiers Market, by Type, 2012 - 2020 (USD Million)
TABLE 22 Rest of the World Dehumidifiers Market, by Application, 2012 - 2020 (USD Million)
TABLE 23 Rest of the World Dehumidifiers Market, by Industrial Application, 2012 - 2020 (USD Million)
TABLE 24 Rest of the World Dehumidifiers Market, by Type, 2012 - 2020 (USD Million)

Dehumidifiers are the equipment or a system that remove moisture and decreases humidity in the air. Dehumidifiers are generally used in areas such as attic and basements, and crawl spaces to prevent musty odors, mould and damps. Additionally, these are used for comfort and health reasons in residential and commercial sectors. Some of the critical uses of dehumidifiers are found in platform legs, pump rooms, thruster rooms, life boats, pipe tunnels, and painting and preservation industry.
 
The research study titled “Dehumidifier Market (Heat Pumps, Ventilating Dehumidifiers, Chemical Absorbent Dehumidifiers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” provides in-depth analysis of the market and related sub-segments. The report strategically focuses on market segments including different types and applications. In addition, this report provides market insights and data about the size and growth of each segment. The report includes detailed analysis of prevalent market trends and company profiles of key players. To provide better understanding of competition in the market, the report offers competitive analysis of dominant companies in the market along with high level analysis which include value chain analysis, Porter’s five forces model analysis and market attractiveness analysis. The study on global dehumidifiers market has been conducted with an objective of providing thorough coverage of the underlying technological and economic issues driving the market. 
 
The dehumidifiers market is expected to foresee continuous growth in coming years due to the demand for healthy homes, government and organizational regulations, and rising number of construction activities across the globe. However, the rising competition among the dehumidifier manufacturers results in price war, which acts as a challenge for renowned brands. Additionally, rising number of product recalls is hindering the growth of dehumidifiers market. However, with technology advancements, various energy efficient and safe products are expected to be introduced by dehumidifier manufacturers in near future. Thus, the impact of this factor is anticipated to be low over the forecast period.
 
This report studies the current scenario as well as the future market potential for dehumidifiers, globally. The market for dehumidifiers has been segmented into three major applications, namely, industrial applications, commercial applications and residential applications. The market for these applications has been extensively analyzed on the basis of factors such as technology used, geographic presence and type of dehumidifiers. Additionally, the report analyses and forecasts the use of dehumidifiers in industrial applications such as food and beverage industry, cold storage, construction industry and others. On the basis of product type, the market has been segmented into heat pumps, ventilating and chemical absorbent dehumidifiers. The market size and forecast in terms of revenue (USD Million) for each of these segments have been provided for the period 2012 to 2020, considering 2013 as the base year. The report also provides the compounded annual growth rate (CAGR) for each segment of the market for the forecast period 2014 to 2020.
 
Geographically, the market for dehumidifiers has been segmented into four regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW). The market size and forecast for each region has been provided for the period 2012 to 2020 along with the CAGR (%) for the forecast period 2012 to 2020. The study also includes qualitative analysis of the competitive scenario in these regions. 
 
Moreover, the report provides a section on the competitive landscape, wherein the market share analysis of leading players of the global dehumidifiers market for the year 2013, in terms of value percentage has been discussed. The report concludes with the profiles of major players in the global dehumidifiers market such as Thermo-Stor LLC, De’Longhi Appliances S.r.I, Whirlpool Corporation, Haier Group, LG Electronics Inc., Honeywell International, Inc., Sunpentown International, Inc., Comfort Aire (Heat Controller), Electrolux (Frigidaire), General Filters, Inc.
 
Global dehumidifier market segmentation:
 
Dehumidifier Market, by Type
  • Heat pumps
  • Ventilating Dehumidifiers (Refrigerant Dehumidifiers)
  • Chemical Absorbent Dehumidifiers (Desiccant Dehumidifiers)
Dehumidifier Market, by Application
  • Industrial
    • Food and Beverage Industry
    • Cold Storage
    • Construction Industry
    • Others (Pharmaceuticals and Manufacturing Processes)
  • Commercial
  • Residential
Dehumidifier Market, by Geography
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)


 
 
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