The Europe Desiccant Dehumidifier Market would witness market growth of 5.6% CAGR during the forecast period (2023-2030).
A high quantity of air moisture may affect various industrial processes and businesses. Since excessive humidity may damage equipment, it might encourage the development of germs in the environment, which could ultimately result in the spread of illnesses. Additionally, food and beverage and pharmaceutical business use methods that generate much humidity. Additionally, since these businesses produce consumer goods, any product contamination may have severe repercussions, including sickness or death. As a precaution to prevent any adverse accidents, such enterprises thus often utilize industrial dehumidifiers.
The demand for electronics items is rising, e-commerce platforms are being more widely used, and people's disposable income is increasing, all contributing to the electronics sector's expansion. The electronics sector uses industrial dehumidifiers extensively because electronics are susceptible to atmospheric moisture levels. Additionally, the e-commerce sector is expanding quickly, and the surge in trade is fueling an increase in warehouses. Since warehouses are one of its primary end customers, demand for industrial dehumidifiers has increased significantly. Therefore, a significant industrial dehumidifier market potential is the expansion of the e-commerce sector.
According to the report of the Germany Trade and Investment (GTAI) organization, the amount of housing construction in Germany increased to EUR 264 billion in 2020 from EUR 245 billion the previous year. In contrast, both the commercial and public sectors increased to EUR 65 billion and EUR 130 billion, respectively, in 2019. The German government and rail firm Deutsche Bahn has committed to investing EUR 86 billion in trains, switching stations, and other infrastructure during the next 10 years. Due to construction-related activities, desiccant dehumidifiers are often needed to dehumidify materials that have too much water in them. As a result, it is anticipated that there will be an increase in demand in the area due to the expanding building activity there.
The Germany market dominated the Europe Desiccant Dehumidifier Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $53.7 Million by 2030. The UK market is registering a CAGR of 4.7% during (2023 - 2030). Additionally, The France market would display a CAGR of 6.4% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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