Overview and Scope
Dehumidifiers are electrical appliances used to reduce and maintain the level of humidity in the air, usually for health or comfort reasons. It also eliminates a musty odour and prevents the growth of mildew by extracting water from the air. Only goods and services traded between entities or sold to end consumers are included.
Sizing and Forecast
The dehumidifiers market size has grown strongly in recent years. It will grow from $4.42 billion in 2023 to $4.71 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to rise in disposable income and an increase in the construction of shopping malls.
The dehumidifiers market size is expected to see strong growth in the next few years. It will grow to $5.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rising urbanization, growing expenditure on comfort and luxury, growing need for energy-efficient products, increasing population growth, growing adoption of the dehumidifier in food packaging and processing, and stringent regulation on industrial and commercial sector air pollution. Major trends in the forecast period include invest in developing iot-enabled dehumidifiers, focus on chemical absorbent dehumidifiers in order to reduce energy consumption and enhance revenue, develop customizable dehumidifiers to boost product utilization and revenue, focus on collaborating or partnering with power plants to not only provide equipment but also post-purchase services, consider m&a growth strategies to gain access to new product technologies, expand the customer base and their geographic markets, invest more in climatix devices and technology to strengthen their product portfolio and increase their revenue and focus on investing in desiccant dehumidification technology as it provides lower equipment costs.
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Segmentation & Regional Insights
The dehumidifiers market covered in this report is segmented –
1) By Product Type: Chemical Absorbent, Heat Pump, Ventilating Dehumidifier
2) By Application: Commercial, Industrial, Residential
3) By Technology: Cold Condensation, Sorption, Warm Condensation, Other Technologies
The Asia-Pacific was the largest region in the dehumidifiers market in 2023. North America was the second largest region in the global dehumidifiers market. The regions covered in the dehumidifiers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rise in disposable income contributed to the growth of the dehumidifiers market. An increase in disposable income means households have more money to spend and this leads to an increase in the purchase of products, especially those that benefit health. According to the Organization for Economic Co-operation and Development (OECD), the average household net adjusted disposable income per capita across OECD countries is $30,563 per year. The rise in disposable income boosted demand for consumer spending, and this, in turn, drove the market for dehumidifiers market during the period.
Key Industry Players
Major companies operating in the dehumidifiers market report are The Munters Group, Electrolux AB, Delonghi Appliances S.R.L, Haier Smart Home Co., Ltd., LG Electronics Inc., Resideo Technologies Inc., Therma-Stor LLC, Whirlpool Corporation, Dantherm AS, Seibu Giken DST AB, Daikin Industries Ltd., Panasonic, Xiaomi Corporation, Coway, Samsung Electronics Co.Ltd., Solenco, Midea, TCL Corporation, Sanyo Electric, Hysure, Condair, Sunbeam Products Inc., YADU, Little Swan, Homelabs LLC company, Pure Enrichment, Frigidaire, Thermomatic Group, Bridgeport, Kiwi Energy, Norman Wright Mechanical Equipment Corporation, Inc., Alessa Industries Co, Indus International FZC, Maico Gulf L.L.C, Zamil Air Conditioners, CFW environmental, GMC aircon
The dehumidifiers market report table of contents includes:
1. Executive Summary
2. Dehumidifiers Market Characteristics
3. Dehumidifiers Market Trends And Strategies
4. Dehumidifiers Market – Macro Economic Scenario
5. Global Dehumidifiers Market Size and Growth
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31. Dehumidifiers Market Other Major And Innovative Companies
32. Global Dehumidifiers Market Competitive Benchmarking
33. Global Dehumidifiers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Dehumidifiers Market
35. Dehumidifiers Market Future Outlook and Potential Analysis
36.Appendix
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