Asia Pacific Desiccant Dehumidifier Market Size, Share & Industry Trends Analysis Report By Product Type, Application (Energy, Food, Pharmaceutical, Construction, Chemical, and Electronics), By End User, By Country and Growth Forecast, 2023 - 2030
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Market Report Description
The Asia Pacific Desiccant Dehumidifier Market would witness market growth of 6.4% CAGR during the forecast period (2023-2030).
The market in the food industry will see attractive growth prospects as investments in the sector rise. High humidity levels jeopardize the safety and quality of food and pharmaceutical items, which can encourage the development of bacteria, mold, and other microorganisms. Desiccant dehumidifiers may eliminate moisture from the air and maintain low humidity levels in various food and pharmaceutical applications, thereby resolving this issue. Desiccant dehumidifiers, for instance, may be used in food processing facilities to maintain ideal storage conditions for goods like fruits, vegetables, and meat and to stop ice from forming on frozen goods.
The main drivers of market revenue growth are growing industrialization, rising demand for energy-efficient goods, and rising usage of dehumidifiers in homes to manage moisture and prevent the spread of germs. Home dehumidifiers are valuable tools that help maintain the ideal and healthy levels of humidity in an area by working to remove excess moisture from the air and prevent the formation of mold, bacteria, and other particles, which might ultimately cause a variety of health issues.
The pharmaceutical market in China, which accounts for nearly 30% of the world industry, is anticipated to have grown steadily to $161.8 billion. In addition, given the difficulties it had created a vaccine to combat the COVID-19 pandemic, Japan has emphasized the research of novel drugs and vaccines. Pharmaceutical items must be prepared in a controlled environment since they go through several procedures, are very sensitive to temperature changes, and are vulnerable to dampness. Given this, it is anticipated that the market in this area would expand significantly along with the expanding pharmaceutical sector.
The China market dominated the Asia Pacific Desiccant Dehumidifier Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $72.4 Million by 2030. The Japan market is anticipated to grow at a CAGR of 5.8% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.1% during (2023 - 2030).
Based on Product Type, the market is segmented into Fixed or Mounted, and Portable. Based on Application, the market is segmented into Energy, Food, Pharmaceutical, Construction, Chemical, and Electronics. Based on End User, the market is segmented into Industrial, and Commercial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Parker Hannifin Corporation, Trane Technologies PLC, Atlas Copco AB, SPX Flow, Inc., Sullair, LLC (Hitachi Group), Condair Group AG, Airwatergreen AB, Sunpentown, Inc., Fisen Corporation and Trotec GmbH (Dantherm Group) (Deutsche Beteiligungs AG).
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Fixed or Mounted
By End User
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Parker Hannifin Corporation
- Trane Technologies PLC
- Atlas Copco AB
- SPX Flow, Inc.
- Sullair, LLC (Hitachi Group)
- Condair Group AG
- Airwatergreen AB
- Sunpentown, Inc.
- Fisen Corporation
- Trotec GmbH (Dantherm Group) (Deutsche Beteiligungs AG)
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