The Dehumidifier Market size was valued at USD 3.32 Billion in 2021 and is projected to reach USD 5.89 Billion by 2030, growing at a CAGR of 6.6% from 2023 to 2030.
A dehumidifier refers to electrical equipment used to maintain humidity in a room by extracting water from the air to comfort the occupants. It also absorbs moisture and removes musty odors around fabrics, walls, and furniture. In the residential sector, devices are used for comfort and health reasons. In addition, a dehumidifier can help remove moisture from enclosed spaces such as basements and attics.
They make residential and commercial places less hospitable to the growth of allergens such as dust mites, mold, and mildew. There are many types of dehumidifiers such as refrigeration, spray, and absorption. For residential use, refrigeration & spray-type dehumidifiers are mainly used, and for industrial use, absorption-type dehumidifiers are used.
Market Dynamics:
Drivers:
Growing demand for dehumidifiers in hotels, restaurants, and refrigerated warehouses to minimize food waste due to humid air is expected to drive the market. Increasing construction activities, changing climatic conditions, and increasing disposable income levels of consumers are expected to propel the market growth during the forecast period. Rising health awareness and changing weather conditions are also expected to drive dehumidifier demand. Increasing living standards and increasing disposable income of consumers are expected to provide lucrative opportunities for the market.
Restraints:
However, high product cost is expected to limit the market growth over the forecast period. Dehumidifier pricing is determined by a number of factors, including the capacity of the product selected, outlet design, and difficulty of installation. They also require regular and constant cleaning and maintenance, which incurs additional costs.
Key players:
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Sunpentown International Inc.,
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Thermostor LLC,
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Haier group,
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Honeywell group,
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Keystone,
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EBAC,
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Frigidaire,
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TCL,
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Tosot,
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and Panasonic.
Market Segmentation:
Dehumidifier Market, By Product Type
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Absorption Dehumidifiers
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Refrigeration Dehumidifiers
Dehumidifier Market, By Application
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Industrial
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Commercial
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Residential
Dehumidifier Market, By Geography
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North America
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U.S.
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Canada
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Mexico
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Europe
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Germany
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France
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U.K.
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Italy
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Spain
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Rest of Europe (RoE)
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Asia-Pacific (APAC)
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China
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Japan
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India
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Australia
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Rest of APAC (RoAPAC)
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South America
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Middle East and Africa
Regional Analysis:
In 2021, North America held a XX% share of the worldwide market, dominating it. A substantial portion of this can be attributable to widespread industrial manufacturing, the solid development of commercial enterprises, and rising homeowner awareness. Throughout the projection period, new product launches and ongoing industry growth are projected to fuel regional market expansion.
Throughout the forecast period, the Asia Pacific region is anticipated to grow at a CAGR of XX%. Demand for dehumidifiers is anticipated to rise as a result of increased investment in industrial manufacturing. In addition, the region's changing lifestyles, rising disposable income, and increased product awareness are anticipated to fuel the dehumidifier market's expansion.
Scope of the Report:
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Report Metric |
Details |
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Market Size Available for Years |
2020–2030 |
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Base Year Considered |
2020 |
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Forecast Period |
2021–2030 |
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Forecast Unit |
Value (USD) |
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Segments Covered |
Offering, Technology, Application, End-User, and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, and LAMEA |
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Companies Covered |
Sunpentown International Inc., Thermostor LLC, Haier group, Honeywell group, Keystone, EBAC, Frigidaire, TCL, Tosot, and Panasonic. |
User
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Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.
Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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