EXPANSION IN EMERGING MARKETS
The growth of the industrial dehumidifier market to emerging markets represents a significant opportunity for growth and increased market share. Emerging markets are typically, but not limited to, Asia Pacific countries as well as emerging and underdeveloped economies in Latin America and Africa, where dramatic industrialization, urbanization, and infrastructure development is taking place, all of which promotes the need for space reducing, advanced humidity control solutions.
Most of emerging economies have climate types with high ambient humidity that are unavoidable and affects multiple aspects of manufacturing, product quality, and physical integrity of the building structures, making dehumidification systems a necessary solution for many industrial and commercial applications.
Countries including, but not limited to, countries such as China, India, Vietnam, Thailand, and Indonesia, have very fast-growing manufacturing sectors that included electronics, pharmaceuticals, food processing, and automotive. Each of these important sectors require exactly accurate humidity levels to ensure quality of product production, regulatory compliance, and acceptable margins. In electronics manufacturing, even lesser amounts of moisture can cause short circuits, corrosion, and risk equipment failing to perform as expected. In food processing or manufacturing, excessive humidity conditions can cause spoilage, mold growth, and average shelf life.
With expansion of these industries, the demand for reliable systems such as industrial dehumidifiers increases. Governments within the emerging markets, especially in Asia, are actively developing new markets through industrialization and modernization by implementing programs, providing incentives, and committing public finances to infrastructure be it transportation, health care, or otherwise.
These not only stimulate the economic benefits tied to industrial development but also increase awareness and education levels of the benefits, including environmental controls including humidity. The emergence of industrial and commercial parks institutionalized commercial building such as hospitals and schools, and major construction in general will promote the use of advanced humidity control and dehumidification. Equally, other commercial spaces, including shopping malls, tourism (hot) spots, transportation facilities including airports, and hospitality, resorts and hotels purposefully construct, develop, and build to adhere to more stringent indoor air quality and energy standards.
Many emerging markets are in sub-tropical or tropical, high ambient/humidity regions, while also experience consistent humidity impacts of global climate change.
Therefore, ambient humidity impacts are diffuse and a persistent across the entire automotive supply chain. Moreover, as the regional commercial real estate industry continues its expansion plans, the demand will grow for dehumidification and humidification systems to ensure business needs and expectations of using/having comfort of space; employer expectations; safety, and compliance with building codes.
The increasing emphasis on energy efficiency and sustainable practices within industrial operations appears to drive the demand for advanced dehumidification solutions, reflecting a broader trend towards environmental responsibility in manufacturing sectors.
U.S. Department of Energy
