The research study covers the present scenario and growth prospects of the global dehumidifier market for 2017-2021. The market size is calculated based on the demand for dehumidifiers from various end-users. The market has been segmented on the basis of end-user and geography.
The global dehumidifiers market is expected to grow at a steady rate during the forecast period. Growing population, rapid urbanization, and mechanized manufacturing growth are the major drivers for dehumidifiers. Demand from plastic industry, pharmaceutical industry, food and beverage industry, increased commercial construction, and increasing power generation is positively impacting the global dehumidifiers market.
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Technavio analysts highlight the following three factors that are contributing to the growth of the global dehumidifier market:
- Growth in construction activities
- Increasing demand for electricity
- Increasing demand for wastewater treatment
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Growth in construction activities
Dehumidifiers are generally used in commercial spaces to control the level of humidity. The improving economic conditions across the globe coupled with urbanization has led to increased construction of both commercial and residential spaces. There has been an increase in the construction of malls, hospitals, commercial buildings, hotels, and manufacturing facilities.
Anju Ajaykumar, a lead unit operations research analyst at Technavio, says, “The trend to build high-rise structures and green buildings is driving the construction market. Green building is the practice of building structures that employ processes, which are sustainable and low on environmental stress throughout the building's life-cycle. Both private and public entities are promoting the concept of green buildings. The number of green buildings across the world has been increasing exponentially.”
Increasing demand for electricity
The machinery used in power plants are susceptible to corrosion if left to work under normal atmospheric conditions. Dehumidifiers are used to reduce the moisture level in power plants to prevent rusting and corrosion of equipment like turbines, power generators, boilers, condensers, etc. The increasing demand for electricity has put an immense stress on existing power plants, which, in turn, has created the need for construction of new power plants.
“The residential and commercial sectors are among the key consumers of electricity. In the residential sector, electricity is required for cooling, lighting, and for running appliances and equipment. Income levels of individuals are highly indicative of the electricity consumption patterns. The emerging economies have seen a considerable change in income patterns of the individuals because of economic growth and expanding population, which has also contributed to the increased demand for electricity,” adds Anju.
Increasing demand for wastewater treatment
Dehumidifier finds major application in the wastewater industry. High humidity levels can cause corrosion of metal, deterioration of paint, and failure of electrical components. A dehumidifier helps in controlling the humidity levels. Investment in new wastewater treatment infrastructure will create market demand. Water scarcity along with changing demographics has led to increased demand for wastewater management.
The US government is expected to spend heavily in water and wastewater industry. Replacement and upgrade of the old treatment plants in the US are expected to propel the demand for dehumidifiers in the industry. Further, China has the world's second largest sewerage treating capacity. The nation also utilizes "constructed wetlands" as an alternative ecological method to treat wastewater and addressing floods and runoff.
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