A heat pump dehumidifier can be employed as a central heating and cooling system, which uses outside air to heat a home in the winters and cool it in the summers. It also works as a device that extracts humidity from the air. The gas in the pump is forced inside the condenser coil under pressure to become liquid. The moisture present in the air transfers heat to the coils and liquidities, as the liquid cools. This process is known as dehumidification using heat pumps. Excessive humidity in rooms causes stuffy nose, itchy and watery eyes, sneezing, wheezing, difficulty breathing, skin rashes, diminished immune systems, resistance to respiratory allergies, and infections. Hence, dehumidifiers play a pivotal role in an individual’s life. However, very fewer heat pumps work as a dehumidifier as large condenser coils are required in a heat pump to work as a dehumidifier compared to regular air conditioners.
Driving Factors:
The global heat pump dehumidifiers market is anticipated to expand at a substantial pace in the near future.
Growth in disposable income is increasing the aesthetic needs of consumers. This, in turn, is fueling the demand for heat pump dehumidifier market during the forecast period.
Rising awareness regarding the ill effects of excessive humidity on an individual’s health is anticipated to boost the demand for heat pump dehumidifiers.
Additionally, a rise in the use of heat pumps dehumidifiers in commercial establishments, such as swimming pools, and industrial establishments, such as factories, is projected to increase the demand for heat pump dehumidifiers worldwide during the forecast period.
An increase in the geographical expansion of key players in untapped markets is anticipated to be a key opportunity for increasing the overall demand for heat pump dehumidifiers worldwide.
Market Segmentation:
The global heat pump dehumidifiers market can be segmented based on material type, heating capacity, end-use industry, distribution channel, and region.
In terms of material type, the global heat pump dehumidifier market can be bifurcated into stainless steel and plastic.
Based on heating capacity, the global heat pump dehumidifiers market can be segregated into less than 20 Kw/hr, 20 Kw/hr to 40 Kw/hr, and above 50 Kw/hr.
In terms of end-use industry, the market can be divided into residential, commercial, and industrial. Commercial and industrial heat pump dehumidifiers are extensively employed at swimming pools and aquaculture facilities.
Based on the distribution channel, the global heat pump dehumidifier market can be categorized into online and offline. The offline segment can sub-segmented into specialty stores, supermarket & hypermarkets, and retail stores.
In terms of region, the global heat pump dehumidifiers market can be split into Europe, North America, Asia Pacific, Middle East & Africa, and South Africa. North America and Europe are anticipated to constitute a large share of the global market due to the presence of heat pump dehumidifiers manufacturing companies.
Competitive Landscape:
Prominent players operating in the global heat pump dehumidifiers market include GuangDong PHNIX Eco-Energy Solutions Ltd. (China), Foshan Blueway Electric Appliances Co.,Ltd (China) Microwell, Spol, S.R.O. (Slovakia), Dantherm Group A/S (Denmark), Condair Group (Switzerland), Foshan Longkai Energy Saving Equipment Co., Ltd. (China), AstraPool (Spain), and Castle Refrigeration (the U.K.), Carrier Corporation (the U.S.) and Guangdong Foshan Macon Cooling & Heating Energy-Saving Equipment Co.,Ltd. (China) and other players are planning to enter into the market during the forecast period.
Heat pump dehumidifiers players compete with each other by developing and launching new and technologically advanced products to gain a competitive advantage in the heat pump dehumidifiers market. Marketing strategies in various geographic locations play an important role in gaining competitive edge in the market.
