Dehumidifiers Global Market To Reach Value Of $6 Billion In 2025
30 Sep, 2021
The dehumidifiers market consists of sales of dehumidifiers by entities (organizations, sole traders, and partnerships) that produce dehumidifiers which are electrical appliances used to reduce and maintain the level of humidity in the air, usually for health or comfort reasons. It also eliminates musty odor and prevents the growth of mildew by extracting water from the air. Only goods and services traded between entities or sold to end consumers are included.
Global Dehumidifiers Market Size And Drivers:
The global dehumidifiers market is expected to grow from $5.2 billion in 2020 to $5.25 billion in 2021 at a compound annual growth rate (CAGR) of 1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $6.3 billion in 2025 at a CAGR of 4.7%. The rise in disposable income contributed to the growth of the dehumidifiers market.
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Trends In The Global Dehumidifiers Market
Dehumidifier manufacturers are increasingly using Climatix in the device which is likely to be an emerging trend in the dehumidifiers market. Climatix is a solution that uses technology to enable cost-effective and efficient control of heating, ventilation, and air conditioning equipment (HVAC). It is designed for heating or cooling application and seamlessly integrates into a building automation system. For instance, Munters uses Climatix for the efficient performance of their dehumidifiers.
Global Dehumidifiers Market Segments:
The global dehumidifiers market is further segmented –
By Product Type: Chemical Absorbent, Heat Pump, Ventilating Dehumidifier
By Application: Commercial, Industrial, Residential
By Dehumidifier Technology: Cold Condensation, Sorption, Warm Condensation, Others
By Geography: The global dehumidifiers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Dehumidifiers Market At:
https://www.thebusinessresearchcompany.com/report/dehumidifiers-global-market-reportDehumidifiers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides dehumidifiers market overviews, analyzes and forecasts market size and growth for the global dehumidifiers market, dehumidifiers market share, dehumidifiers market players, dehumidifiers market segments and geographies, dehumidifiers market’s leading competitors’ revenues, profiles and market shares. The dehumidifiers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.