Dehumidifier Market to Generate $3.1 Billion in Sales by 2021
Developing economies are forecast to register higher growth over the next five years
NEW YORK — The global dehumidifier market is forecast to achieve record sales worth $3.1 billion by 2021, according to a report released by TechSci Research, a research based global management consulting firm.
Rapid urbanization, increasing purchasing power, and declining air quality are expected to aid the global dehumidifier market during the forecast period. Moreover, expected large-scale adoption of dehumidifiers in the industrial and commercial sectors is anticipated to positively influence the market as well.
On the basis of the technology used, the global dehumidifier market has been broadly segmented into four categories: desiccant, refrigerant, thermoelectric, and others. Among these categories, the desiccant dehumidifier segment dominated the global dehumidifier market in 2015, due to its extensive applications in the industrial and commercial sectors. They are easy and convenient to use, and are inexpensive to maintain.
North America is the largest market for dehumidifiers across the world. However, this scenario is expected to change and the Asia-Pacific region is forecast to emerge out as the leader in the global dehumidifier market during forecast period.
For more information, visit TechSci Research.
Publication date: 12/12/2016