The global dehumidifier market is anticipated to reach USD 3.54 billion by 2022, according to a new report by Grand View Research, Inc. Increasing construction activities worldwide is expected to primarily contribute to industry growth. Technological advancements such as integration into existing HVAC equipment is expected to boost industry growth over the forecast period. Price, energy efficiency, and size are anticipated to be critical parameters affecting consumer buying behavior. Product recall owing to technical issues is expected to hinder industry growth over the forecast period. Increasing competition due to the presence of a large number of players has lead to price reductions, which may affect profitability. Growth of the organized retail industry in Asia Pacific, Latin America and Africa has further intensified competition.
http://www.grandviewresearch.com/industry-analysis/dehumidifier-market
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