Dehumidifiers Market Growth, Trends and Value Chain 2014-2020 by Fmi

Dehumidifiers are the equipment or devices which help in maintaining desired humidity levels in the system. Industrial, residential and commercial sectors require to maintain controlled humidity level, which is achieved by dehumidifiers. Dehumidifiers control the level of humidity in air by extracting excess moisture from the air. As a household appliance dehumidifier are also used to eliminate musty odourrequired for health and comfort reasons. Large dehumidifiers are generally used in commercial buildings such as shopping malls to keep humidity levels in check. Some of the critical uses of dehumidifiers in industrial sector can be found in thruster rooms, pump rooms, pipe tunnels, painting and preservation industry. As the moisture content in environment is increasing globally the control over humidity level is becoming vital in commercial and industrial sectors. Some of the drivers identified in dehumidifiers market are changing climate conditions, growing urbanization and increasing industrial development.

The global dehumidifiers market is estimated to grow two fold by 2020 with a CAGR of 6% to 8%. The global dehumidifiers market is segmented into three segments on the basis of type, application and the geographical splits. The geographical segments of global dehumidifiers market includes seven sub-segment which are North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa. North America dehumidifiers market commands largest share in 2013 in global market, followed by Europe and Asia-Pacific. However, in terms of growth rate, Asia Pacific dehumidifiers market is expected to grow higher with double digit CAGR for the forecast period. By 2020 the Asia pacific is projected to become largest geographical segment leaving behind the America and Europe regions in global dehumidifiersmarket. Growing infrastructural development in Asian countries is shifting the construction industry at pace in which dehumidifiers...