Dehumidifier Market: Overview
The dehumidifier market has registered significant growth in recent years on the back of stringent energy-efficient regulations, especially in residential sector. Moreover, it is also being adopted in commercial and industrial sectors to regulate humidity level as per the requirement.
Dehumidifiers minimize humidity in air by reducing water content present in the air. In residential sector, the device is used for comfort purpose and health reasons. Application of dehumidifiers helps eliminate water content from closed areas such as basements and attics. Thus, it helps in prevention of dampness, musty odor, and molds in small spaces.
Meanwhile, changing climatic conditions, increasing constriction activities and rising deposable are few factors driving growth of dehumidifier market.
Further, it is also being adopted in cold storage industries and food and beverage industries. It helps in maintaining the right temperature. This, in turn, facilitates long term storage of food items and inventory.
The upcoming report on dehumidifier market provides insights about various trend and drivers influencing growth of the market. The market intelligence report provides details about ongoing developments occurring in the market and how that will affect the market over the duration of forecast period (2019-2028). In addition, the report also covers various restraining factors, which may limit growth of the market in coming years.
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Dehumidifier Market: Competitive Analysis
The dehumidifier market is consolidated in nature with presence of few manufacturing companies in the market.
To mark their presence and strengthen their foothold in the global dehumidifier market, these companies are consistently developing new products. These players are investing immensely in research and development activities for development of energy efficient and economical product range.
For example, in May 2018, Munters introduced the Climatix technology for air treatment. It is a cloud based technology with an integrated gateway device. It enables GMS-based connection of dehumidifiers with Climatix control. Application of the system facilitates humidty control remotely. Also, it provides provision of analyzing previous data of the equipment.
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Key manufacturing companies operating in the global dehumidifier market are
- Seibu Giken DST AB
- General Filters Inc.
- De’Longhi Appliances S.r.I
- Honeywell International Inc.
- Dehumidifier Market: Key Trends
Rising urbanization, low air quality, rising disposable income, and expenditure on comfort and luxury are some of the factors driving demand for dehumidifiers in both residential and commercial sectors.
It is widely adopted in homes and hotels nearby coastline to mitigate problem of humidity. Urban and high class population are adopting dehumidifiers for the purpose of comfort; as it is not budget friendly for various consumers.
Application of dehumidifiers helps reduce impurities from the air. This improves the air quality and make it allergy free. Though, it requires huge amount of power resulting in high electricity bill.
Further, dehumidifier market is witnessing demand from industrial sector. It is widely implemented in storage sections, garages, car industries, and many others. These industries require adequate temperature while manufacturing products.
Dehumidifier Market: Regional Analysis
The government bodies in North America and Europe have enforces the use of energy-efficient systems. Hence, these regions are already matured market. Meanwhile increasing adoption of dehumidifiers in hotels and restaurants is one of the emerging trends. Use of dehumidifiers will help in maintaining food quality. Also, it will keep the inventory moisture free. The trend is likely to boost regional dehumidifier market over the forecast period.
Meanwhile, Asia Pacific market is likely to register significant growth during the forecast period. Growth rate is estimated on the basis of rising demand for compact and low-maintenance dehumidifiers.
Moreover, countries such as China, India, and Japan witness high humidity level due to extensive coastline. In order to maintain appropriate humidity level, restaurants, industries, homes, and hotels are implementing dehumidifiers.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.