Abstract
Lax Enforcement of Regulations Challenges Market Growth
While Canada and some parts of United States have set regulations specifying the levels of humidity to be maintained in occupied spaces, these requirements are generally ignored by the building and consulting fraternities. Often, building and consulting engineers opt for less expensive systems to cut down on the costs of installing humidity control systems. Moreover, finding professionals that can monitor compliance to the regulations is becoming increasingly difficult. This is a major challenge faced by the humidity control equipment industry. Another factor restricting market growth is low end-user awareness and the perception of high initial costs for such equipment. Educating end users as well as consulting engineers on the long-term benefits of humidity control can prove to be a beneficial strategy for market participants.
This Frost & Sullivan research examines North American commercial and industrial humidity control equipment markets for both humidifiers and dehumidifiers. The study offers a comprehensive analysis of key market drivers and restraints and industry challenges, and provides strategic recommendations for market penetration and growth.
Improved Indoor Air Quality and Ventilation Guidelines Offer Growth Opportunities
Improved indoor air quality (IAQ) and ventilation guidelines by the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) promise to boost demand for humidity control equipment. The focus on IAQ is changing humidification equipment into a complimentary product for comfort concerns. Moreover, building owners are prompted to offer a healthier environment to occupants in order to avoid any legal complications arising out of sick building syndrome.
Consequently, older buildings with existing heating, ventilation, and air-conditioning (HVAC) systems -- not in compliance with the latest guidelines -- are bound to be retrofitted with new humidity control systems. "Convincing the construction managers that the treated fresh air units result in initial cost reduction and low cost of operation, is likely to benefit the market immensely," says the analyst of this research.
Burgeoning Commercial Construction Industry Expected to Propel the Market
The reviving U.S. economy is bound to escalate growth of commercial construction. This, in turn, is expected to fuel demand for North American humidity controls equipment market. All new buildings are expected to be constructed with the humidity control equipment in place, since retrofitting expenses are likely to be almost three times higher than that of installing the equipment at the construction stage. Additionally, controlled humidity is known to protect building structures from damage caused by molds, spores, and mildew. In short, the upswing in economy, booming construction industry, and the need to comply with ventilation guidelines promise encouraging growth prospects for the humidity control equipment market in North America.
Table of Contents
1 EXECUTIVE SUMMARY
Market Overview & Definitions
- Overview and Definitions
- Competitive Analysis
Summay of Major Findings
- Market Forecast and Opportunities
- Analysis by Product Segments
- Conclusions
2 TOTAL HUMIDITY CONTROL EQUIPMENT MARKETS
Market Overview & Definitions
- Market Overview
- End-user Definition
- Definition of Revenues
- Market Engineering Measurements
Market Dynamics
- Industry Challenges
Market Forecasts
- Revenue Forecasts
- Unit Shipment Trends
- Pricing Trends
- Demand Analysis
- Market and Technology Trends
Frost & Sullivan Awards
- Marketing Strategy Leadership Award
- Product Innovation Award
- Customer Service Leadership Award
3 COMMERCIAL AND INDUSTRIAL HUMIDIFIERS MARKETS
Market Overview & Definitions
- Market Overview
- Definitions
- Market Engineering Measurements
Market Dynamics
- Market Drivers
- Market Restraints
Market Forecasts
- Revenue Forecasts
- Trends by Product Type
- Unit Shipment Trends
- Pricing Trends
- Geographic Trends
- End-user Trends
- Demand Analysis
- Market and Technology Trends
- Competitive Structure
- Market Share Analysis
Steam Humidifiers Market
- Market Overview
- Market Engineering Measurements
- Revenue Forecasts
- Unit Shipment Trends
- Pricing Trends
- Demand Analysis
- Market and Technology trends
Atomizing Humidifiers Market
- Market Overview
- Market Engineering Measurements
- Revenue Forecasts
- Unit Shipment Trends
- Pricing Trends
- Demand Analysis
- Market and Technology Trends
4 COMMERCIAL AND INDUSTRIAL DEHUMIDIFIERS MARKETS
Market Overview & Definitions
- Market Overview
- Definition
- Market Engineering Measurements
Market Dynamics
- Market Drivers
- Market Restraints
Market Forecasts
- Revenue Forecasts
- Trends by Product Type
- Unit Shipment Trends
- Pricing Trends
- Geographic Trends
- End-user Trends
- Competitive Structure
- Market Share Analysis
Refrigerant Based Dehumidifiers Markets
- Market Overview
- Market Engineering Measurements
- Revenue Forecasts
- Unit Shipment Trends
- Pricing Trends
- Demand Analysis
- Market and Technology Trends
Desiccant Based Dehumidifiers Markets
- Market Overview
- Market Engineering Measurements
- Revenue Forecasts
- Unit Shipment Trends
- Pricing Trends
- Demand Analysis
- Market and Technology Trends
5 DECISION SUPPORT DATABASE TABLES
DSD Tables - North America
- Value of Nonresidential Building (Private) Construction by Type - U.S.
- U.S. Commercial Buildings
- New Nonresidential Building Construction by Floor Area- U.S.
- Number of New Nonresidential Buildings Completed by Type - Canada
- Value of Nonresidential Building Permits by Type (Canada) 1999-2003
