The global industrial dehumidifier market size was $839.3 million in 2021, and is projected to reach $1,411.7 million by 2031, registering a CAGR of 5.2% from 2022 to 2031. Industrial dehumidifier plays an instrumental role in keeping the industrial premises moisture-free. It forces ambient air toward some moisture adsorbing chemical or condenser coil, which condenses the moisture in the ambient air.
Industrial dehumidifiers are available in a wide range of sizes and capacities in the market, thereby making them applicable in large- and small-scale industry. These dehumidifiers are essential for keeping the industrial premises free from excessive humidity, which, in turn, inhibits the growth of bacteria, molds, and pathogens.
The rapid growth in the manufacturing sector is contributing to rise in demand for industrial dehumidifiers. Moreover, increase in disposable income of the global population has significantly contributed to the growth of various sectors such as electronics industry and global trade. This factor has positively affected the expansion of the industrial dehumidifier market. In addition, the pharmaceutical sector is witnessing rapid growth due to increase in elderly population and rise in adoption of unhealthy lifestyle. Moreover, rise in online food retail has significantly boosted the food & beverages sector. Such trends are fueling the demand for industrial dehumidifiers in the pharmaceutical and food & beverages sector, as they are major end users of industrial dehumidifiers. However, high electricity consumption by industrial dehumidifiers is serving as a major restraint of the market. Furthermore, expansion of small-scale industries in emerging economies and technological developments that have enabled industrial dehumidifiers to be more efficient are anticipated to provide lucrative opportunities for the growth of the market.
The global industrial dehumidifier market is segmented on the basis of type, installation type, end-user industry, and region. By type, the market is categorized into refrigerant, adsorption, and others. On the basis of installation type, it is bifurcated into floor and ceiling. Depending on end-user industry, it is divided into food & beverages, pharmaceuticals, electronics, warehousing, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies, such as product launch, to strengthen their market outreach and sustain the stiff competition in the market.
Industrial dehumidifiers are available in a wide range of sizes and capacities in the market, thereby making them applicable in large- and small-scale industry. These dehumidifiers are essential for keeping the industrial premises free from excessive humidity, which, in turn, inhibits the growth of bacteria, molds, and pathogens.
The rapid growth in the manufacturing sector is contributing to rise in demand for industrial dehumidifiers. Moreover, increase in disposable income of the global population has significantly contributed to the growth of various sectors such as electronics industry and global trade. This factor has positively affected the expansion of the industrial dehumidifier market. In addition, the pharmaceutical sector is witnessing rapid growth due to increase in elderly population and rise in adoption of unhealthy lifestyle. Moreover, rise in online food retail has significantly boosted the food & beverages sector. Such trends are fueling the demand for industrial dehumidifiers in the pharmaceutical and food & beverages sector, as they are major end users of industrial dehumidifiers. However, high electricity consumption by industrial dehumidifiers is serving as a major restraint of the market. Furthermore, expansion of small-scale industries in emerging economies and technological developments that have enabled industrial dehumidifiers to be more efficient are anticipated to provide lucrative opportunities for the growth of the market.
The global industrial dehumidifier market is segmented on the basis of type, installation type, end-user industry, and region. By type, the market is categorized into refrigerant, adsorption, and others. On the basis of installation type, it is bifurcated into floor and ceiling. Depending on end-user industry, it is divided into food & beverages, pharmaceuticals, electronics, warehousing, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies, such as product launch, to strengthen their market outreach and sustain the stiff competition in the market.
COMPETITION ANALYSIS
Key companies profiled in the industrial dehumidifier market report include Bry-Air, Carrier Global Corporation, Condair Group, Dantherm Group, Hangzhou Conloon Electric Co. Ltd., Johnson Controls International Plc, Munters Group AB, Refcon Technologies and Systems Pvt. Ltd., Trane Technologies Plc, and Zhejiang Oulun Electric Co., Ltd.KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial dehumidifier market analysis from 2021 to 2031 to identify the prevailing industrial dehumidifier market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the industrial dehumidifier market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global industrial dehumidifier market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Refrigerant
- Adsorption
- Other
By Installation
- Floor
- Ceiling
By End User Industry
- Food and Beverage
- Pharmaceutical
- Electronics
- Warehousing
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Airedale International Air Conditioning Ltd.
- Blue Star Limited
- Carrier Global Corporation
- Daikin industries, ltd.
- ORION MACHINERY CO., LTD.
- Hiver Aircon Pvt. Ltd.
- Mitsubishi Electric Corporation
- Trane Technologies Company, LLC.
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: INDUSTRIAL DEHUMIDIFIER MARKET, BY TYPE
CHAPTER 5: INDUSTRIAL DEHUMIDIFIER MARKET, BY INSTALLATION
CHAPTER 6: INDUSTRIAL DEHUMIDIFIER MARKET, BY END USER INDUSTRY
CHAPTER 7: INDUSTRIAL DEHUMIDIFIER MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Industrial Dehumidifier Market," the industrial dehumidifier market size was valued at $0.8 million in 2021, and is estimated to reach $1.4 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.Commonly observed types of industrial dehumidifiers are refrigerant, adsorption, and others. Among these, the refrigerant segment accounted for the highest market share in 2021, owing to its usability in small- and large-scale manufacturing industries and its ability to work in high temperatures. The market is analyzed with respect to different end-user industries, which include such as food & beverages, pharmaceutical, electronics, warehousing, and others. Among these, the food & beverages industry is anticipated to grow with high CAGR, owing to rise in disposable income and growth in online food retail services. By installation type, the market is bifurcated into floor and ceiling. The floor mounted industrial dehumidifiers segment held the largest industrial dehumidifier market share, owing to easy operation and handling. The market is mainly driven by rise in manufacturing industries such as food & beverages, pharmaceutical, and electronics. In addition, rise in global trade, which has increased the number of warehouses has contributed to the growth of the industrial dehumidifier industry. However, high electricity consumption by industrial dehumidifiers is restraining the expansion of the industrial dehumidifier market growth.
In 2021, Asia-Pacific dominated the global industrial dehumidifier market, in terms of revenue, followed by North America and Europe. Moreover, the market in LAMEA is anticipated to grow with high CAGR owing to rise in the pharmaceutical industry and other small- and medium-scale manufacturing industries.
Key manufacturers in the industry offer a wide range of industrial dehumidifiers to stay competitive in the market. Manufacturers, such as Bry-Air and Origin Corporate Services Pvt. Ltd., have a wide range of ceiling and floor mounted industrial dehumidifiers for application across the industries.
However, during the pandemic lockdown, various manufacturers in the industrial dehumidifier market had to stop their businesses in the countries such as China, the U.S., and India. This break directly impacted sales of industrial dehumidifier manufacturing companies. In addition, lack of manpower and raw materials have negatively influenced the growth of the market. However, after two years of COVID-19 outbreak and introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly.
Key companies profiled in the industrial dehumidifier market forecast 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.
Key Findings of the Study
- The report provides an extensive analysis of the current and emerging industrial dehumidifier market trends and dynamics.
- Depending on type, the refrigerant segment dominated the industrial dehumidifier market in terms of revenue in 2021 and the adsorption segment is projected to grow at a significant CAGR during the forecast period.
- By installation type, the floor segment registered highest revenue share in 2021.
- By end user, warehousing segment is anticipated to grow at a highest CAGR during the forecast period.
- LAMEA is projected to register highest growth rate in the coming years.
- Extensive industrial dehumidifier market analysis is conducted by following key product positioning and monitoring of the top competitors within the market framework.
Companies Mentioned
- Airedale International Air Conditioning Ltd.
- Blue Star Limited
- Carrier Global Corporation
- Daikin Industries, Ltd.
- Orion Machinery Co. Ltd.
- Hiver Aircon Pvt. Ltd.
- Mitsubishi Electric Corporation
- Trane Technologies Company, LLC.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 207 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 850.33 million |
| Forecasted Market Value ( USD | $ 1411.7 million |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
