The global industrial dehumidifier market size was US$ 839.3 million in 2021. The global industrial dehumidifier market size is estimated to reach US$ 1324.5 million by 2030, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2022 to 2030.
The industrial dehumidifier is an important element of different process and manufacturing sectors. It is used to decrease and control humidity in industries such as corporate offices, warehouses, garages, and factories. This is achieved by blowing ambient air through a fan around the condenser coil containing the refrigerant. The moisture in the ambient air condenses over the condenser coil and is then collected in a tank. It consists of four basic parts, which are the re-heater, fan compressor, compressor cooling coil, and reservoir unit.
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Factors Affecting Marketing Growth
The increase in global trade and the e-commerce industry is witnessing rapid growth which in turn is boosting the growth in the number of warehouses. Thus, driving the growth of the global market.
Industries situated in coastal regions as well as cold areas and the rise in industrialization in Southern Asia are anticipated to drive the growth of the global market.
The increasing demand for energy-efficient products, rapid industrialization, and the growing demand for continuous maintenance and cleaning drive the growth of the global market.
Various government initiatives meant to support the growth of small-scale industries, especially in developing nations are anticipated to drive the growth of the global market.
Impact on COVID-19 Analysis
During the COVID-19 outbreak, the global industrial dehumidifier market was hampered, due to restrictions on manufacturing activities. The economic deceleration initially resulted in reduced spending on various industrial dehumidifiers by different users. However, the industrial dehumidifier could not be effectively installed through OEMs during the lockdown period.
Regional Analysis
Asia-Pacific held the largest global industrial dehumidifier market share in 2021 and is anticipated to maintain this trend throughout the forecast period. This is attributed to the growth of the pharmaceutical industry and changing lifestyles, increasing product awareness, and rising disposable income in the region.
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Leading Competitors
The prominent players in the global industrial dehumidifier market are:
Trane Technologies Company, LLC.
Mitsubishi Electric Corporation
Hiver Aircon Pvt. Ltd.
ORION MACHINERY CO.
Carrier Global Corporation
Blue Star Limited
Daikin industries
Airedale International Air Conditioning Ltd
LG Electronics Inc.
Haier company
Others
Segmentation Analysis
The global industrial dehumidifier market segmentation focuses on Type, Installation, End-User Industry, and Region.
Segmentation on the basis of Type
Adsorption
Refrigerant
Other
Segmentation on the basis of Installation
Ceiling
Floor
Segmentation on the basis of End User Industry
Warehousing
Electronics
Pharmaceutical
Food and Beverage
Others
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Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Industrial Dehumidifier market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Industrial Dehumidifier market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Industrial Dehumidifier market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Industrial Dehumidifier business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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