Portland, OR, Sept. 02, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global industrial dehumidifier market generated $839.3 million in 2021, and is projected to reach $1.411.7 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $839.3 million |
| Market Size in 2031 | $1,411.7 billion |
| CAGR | 5.2% |
| No. of Pages in Report | 207 |
| Segments Covered | Type, Installation, End User Industry, and Region. |
| Drivers | Increase in the standard of living |
| Growth of the electronics industry | |
| Opportunities | Extensive applications in the pharmaceutical and food and beverage industry |
| Surge in penetration of e-commerce platforms | |
| Restrains | Extortionate cost of investment and maintenance |
| Limited to specific consumers |
COVID-19 Scenario:
- The outbreak of COVID-19 has had a negative impact on the growth of the global industrial dehumidifier market, owing to the occurrence of lockdowns in various countries across the globe.
- Lockdowns resulted in the closure of various industrial manufacturing facilities, including those of industrial humidifiers, which adversely impacted their demand during the COVID-19 pandemic.
- Besides, strict ban on the import and export of raw materials further aggravated the impact on the market, which further delayed the manufacturing process.
- This is majorly due to the stringent social distancing restrictions imposed by the government to significantly curb the spread of the virus during the pandemic.
The report offers a detailed segmentation of the global industrial dehumidifier market based on type, installation, end user industry, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest growing segments and highest revenue generation that is mentioned in the report.
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Based on type, the refrigerant segment held the dominating market share in 2021, holding more nearly half of the global market, and is expected to maintain its leadership status during the forecast period. The adsorption segment, on the other hand, is expected to cite the fastest CAGR of 5.6% during the forecast period.
Based on installation, the floor segment held the largest market share in 2021, garnering around three-fifths of the global market, and is and is expected to maintain its leadership status during the forecast period. The ceiling segment, on the other hand, is expected to cite the fastest CAGR of 5.4% during the forecast period.
Based on end-user industry, the food and beverage segment held the dominating market share in 2021, holding around one-third of the global market, and is expected to maintain its leadership status during the forecast period. The warehousing segment, on the other hand, is expected to cite the fastest CAGR of 5.9% during the forecast period.
Based on region, the market across the Asia-Pacific region held the domaining market share in 2021, holding nearly half of the global market, and is expected to maintain its leadership status during the forecast period. The LAMEA region, on the other hand, is expected to cite the fastest CAGR of 6.3% during the forecast period.
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The key players analyzed in the global industrial dehumidifier market report include Bry-Air, Carrier Global Corporation, Condair Group, Dantherm Group, Hangzhou Conloon Electric Co., Johnson Controls International Plc, Munters Group AB, Refcon Technologies and Systems Pvt. Ltd., Trane Technologies Plc, and Zhejiang Oulun Electric Co., Ltd.
The report analyzes these key players in the global industrial dehumidifier market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance, and operating segments by prominent players in the market.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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