The North America Desiccant Dehumidifier Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030).
The demand for Desiccant Dehumidifier is driven by rising health consciousness and humid coastal regions. They are also acceptable in hotels, restaurants, and cold storage food since damp air accelerates food decomposition. The market's vendors are investing more in research and development related to the use of dehumidifiers, which is expected to drive the market's expansion.
Players are concentrating on creating dehumidifiers that use less energy. Technology-based smart dehumidifiers that assess the air's humidity levels and operate automatically are becoming more popular. Cloud-based technology, which enables dehumidifier connections to smartphones, tablets, and computers, would drive market development. The demand for portable dehumidifiers from residential and commercial areas is increasing prices. The market is anticipated to expand due to new products such as liquid desiccant dehumidifiers with solar assistance that improve sustainability and energy.
The increased consumption of food produced locally in the nation will also likely increase demand in Canada. According to Statistics Canada, restaurant and fast-food retail food sales rose considerably in 2021 compared to 2020. Various municipal infrastructure improvements, certified site programs, and simplified laws fuel private sector industrial investments and expansions in Canada. Mexico is predicted to make considerable market gains because of increased consumer concern about air quality, increased airborne illnesses, and rising mortality rates. These reasons have compelled businesses to spend money on technology that will lower pollution levels in Mexico. Additionally, the market expansion is predicted to be fueled by simple installation, minimal maintenance requirements, and cheap operating costs.
The US market dominated the North America Desiccant Dehumidifier Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $212.3 Million by 2030. The Canada market is estimated to grow at a CAGR of 7.5% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 6.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Desiccant Dehumidifier Market is Projected to reach USD 853 Million by 2030, at a CAGR of 5.9%
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).
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