New York, According to a new market research report published by Global Insight Services “Dehumidifier Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Dehumidifiers are devices that remove moisture from the air. They work by drawing in air from the room and passing it over a cold coil. This condenses the water vapor in the air, and the water is collected in a tank.
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Key Trends
The key trends in dehumidifier technology are miniaturization, higher efficiency, and lower cost.
Miniaturization is driven by the need for smaller and more portable devices. This trend has led to the development of smaller dehumidifiers that can be used in a variety of settings, including homes, offices, and cars.
Higher efficiency is another key trend. Dehumidifiers are now available that are more than twice as efficient as older models. This is due to advances in compressor and heat exchanger technology.
Lower cost is another important trend. Dehumidifiers are now available that are more than 50% cheaper than older models. This is due to advances in manufacturing technology and the use of cheaper materials.
Key Drivers
The increasing demand for dehumidifiers from the residential and commercial sectors is one of the key factors driving the growth of the market.
The rising awareness about the health hazards associated with high humidity levels is another key factor driving the growth of the market.
The high cost of dehumidifiers is one of the key factors restraining the growth of the market. In addition, the lack of awareness about the benefits of dehumidifiers in some regions is also restraining the growth of the market.
Market Segments
The dehumidifier market is segmented by product, technology, application, and region. By product, the market is classified into chemical absorbents, heat pumps, and ventilation dehumidifiers. Based on the technology, it is bifurcated into cold condensation, sorption, warm condensation, and others. On the basis of the application, it is divided into industrial, commercial, and residential. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the rest of the World.
Key Players
The dehumidifier market includes players such as Munters, Airwatergreen AB, Therma-Stor LLC, De’Longhi Appliances S.r.l, Frigidaire, Honeywell International Inc., GE Appliances, General Filters Inc., Airedale International Air Conditioning Ltd, Blue Star Limited, and others.
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Reasons to buy Dehumidifier Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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