The global dehumidifier market size was US$ 3.9 billion in 2021. The global dehumidifier market is forecast to grow to US$ 7.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 7.0% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
Dehumidifiers are highly used in households to control the moisture content in the ambient air and prevent bacteria growth. Thus, these uses of dehumidifiers will contribute to the growth of the market. In addition, the applications of these devices in the industrial environments to control the quality of the production will surge the growth of the market.
Growing initiatives by government bodies to boost industrialization will benefit the global dehumidifier market.
The increasing number of innovative launches will contribute to the growth of the global dehumidifier market. For instance, in June 2019, Honeywell International, Inc. unveiled a new line of dehumidifiers.
The devices are not only user-friendly but also integrate various safety features, such as low maintenance usability. Such advancements are likely to upsurge the demand for dehumidifiers during the analysis period.
The growing establishment of warehousing units and the increasing demand for cold chain logistics to fulfill the demand for food, medicines, and other perishable products will upsurge the demand for dehumidifiers.
COVID-19 Impact Analysis
The global dehumidifier market has witnessed various obstacles due to the pandemic. It reduced industrial and commercial activities. In addition, the previously growing demand for smart infrastructure suddenly took a downturn. Thus, it hampered the growth of the global dehumidifier market. Furthermore, the manufacturers of dehumidifiers observed various challenges primarily due to the shortage of raw materials and bans on international trade. Thus, all of these factors negatively affected the dehumidifier market.
Regional Analysis
North America is forecast to hold the largest share in the global dehumidifier market. It is due to the growing construction of warehouses, increasing residential establishments, and commercial buildings. In addition, rising awareness among individuals to establish a healthier ambient environment will contribute to the growth of the dehumidifier market.
The Asia-Pacific dehumidifier market is forecast to grow at the highest growth rate due to growing industrialization in emerging economies like China, India, and Japan. Furthermore, increasing disposable income and rising demand for a healthier ambient environment will benefit the regional dehumidifier market.
The rising population and increasing demand for warehousing units and cold chain logistics, in order to fulfill the food and medicines demands of the citizens, will benefit the regional dehumidifier market.
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Competitors in the Market
Munters
Airwatergreen AB
Therma-Stor LLC
De’Longhi Appliances S.r.l
Frigidaire
Honeywell International, Inc.
GE Appliances, a Haier company
General Filters, Inc.
Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Dehumidifier industry experienced notable growth in its workforce. Starting in January, employment within the Dehumidifier sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Dehumidifier output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Dehumidifier output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Dehumidifier market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Dehumidifier market.
Market Segmentation
The global dehumidifier market segmentation focuses on Product, Technology, Application, and Region.
Product Outlook
Chemical Absorbent
Heat Pump
Ventilating Dehumidifier
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Technology Outlook
Cold Condensation
Sorption
Warm Condensation
Others
Application Outlook
Industrial
Commercial
Residential
Regional Outlook
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Dehumidifier Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Dehumidifier Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Dehumidifier Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Dehumidifier Market Size
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Dehumidifier market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Dehumidifier market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Dehumidifier business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
* Assisting businesses in gauging the viability of new or existing products or services.
* Facilitating business enterprises in the identification and cultivation of novel market segments.
* Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
* Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
* Analyzing market trends to aid businesses in devising adaptive strategies.
* Guiding businesses in the optimal placement of their products.
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