Global Dehumidifier Market to be Driven by Construction Industry in the Forecast Period
Dehumidifiers are machines designed to remove extra moisture and retain the preferred level of humidity in a given space. They are generally used in basements, attic, and crawl spaces to get rid of moulds, damps, and musty odors. In addition, dehumidifiers are also utilized for health and comfort purposes in commercial and residential spaces. Some of the critical uses of dehumidifiers are in life boats, pump rooms, platform legs, painting and preservation industry, thruster rooms, and pipe tunnels.The global dehumidifier market was worth US$1927.1 million in 2013 and is anticipated to touch US$2966.6 million by the end of 2019, exhibiting a progressive 6.4% CAGR between 2014 and 2020.
Browse Full Global Dehumidifier Market Report With Complete TOC @ http://www.transparencymarketresearch.com/global-dehumidifier-market.html
The global market for dehumidifiers has been segmented on the basis of their applications into the categories of industrial, residential, and commercial. The industrial sub-segment includes the construction industry, the food and beverage industry, cold storage, and others (manufacturing processes and pharmaceuticals). The construction industry is the largest contributor to the dehumidifier market, recording 37.7% of the total industrial application in terms of revenue in 2013.
Nevertheless, the cold storage segment is anticipated to record the highest growth rate during the forecast period. The growth of the cold storage segment is driven by rigid government regulations focusing on global warming and reduction of food wastage throughout the supply chain, cold storage, and food and beverage industry. In addition, commercial users are also expected to drive this market in the long run as many industries have realized the benefits of moisture control/prevention that would help propel demand. This category includes users such as schools, hospitals, cinemas, restaurants, and department stores.