The global Dehumidifier market size is expected to be worth around US$ 10.8 billion by 2030, according to a new report by Vision Research Reports.
The global Dehumidifier market size was valued at US$ 5.5 billion in 2020 and is anticipated to grow at a CAGR of 8.0% during forecast period 2021 to 2030.
|Market Size||US$ 10.8 Billion by 2030|
|Growth Rate||CAGR of 8.0% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Technology, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Airwatergreen AB; De’Longhi Appliances S.r.l; Frigidaire; General Filters, Inc.; Honeywell International, Inc.; GE Appliances, a Haier Company; Mars; LG Electronics, Inc.; Munters; Seibu Giken DST AB; Sunpentown International Inc.; Therma-Stor LLC; Whirlpool Corporation; Wood’s|
The strong emphasis households are putting on controlling the moisture content in the ambient air to prevent any growth of bacteria and mold, which can pose health risks, is expected to drive the growth of the market over the forecast period. The eminent need to maintain appropriate moisture levels in industrial environments to control the quality of the production is expected to contribute to the growth. Continued industrialization and the growing need for energy-efficient products also bode well for the growth of the market.
The increasing demand for dehumidifiers, especially for industrial applications that require optimum temperatures and humidity levels, is the key factor contributing to market growth.
By Product Analysis
The chemical absorbent segment dominated the market in 2020 with a revenue share of over 50% and is expected to continue dominating the market over the forecast period.
The heat pump segment is also anticipated to witness significant growth over the forecast period. Heat pumps are equally efficient in removing moisture from the ambient air and are often considered an alternative for air conditioners to help in dehumidifying the ambient air in residential environments during winters.
By Technology Analysis
The sorption segment dominated the global dehumidifier market in 2020 with a revenue share of around 50% and is estimated to register significant growth over the forecast period.
The warm condensation segment is expected to expand at a rapid CAGR over the forecast period. The warm condensation technology is particularly preferred for industrial and commercial applications.
By Applications Analysis
The industrial segment dominated the market in 2020 with a revenue share of more than 55% and is expected to witness significant growth over the forecast period.The continued establishment of cold storage units, warehousing units, and pharmaceutical manufacturing units is also expected to contribute to the growth of the segment.
The commercial segment is expected to register significant growth over the forecast period. Humidity levels in commercial installations need to be controlled to prevent any growth of mold and fungus, which can potentially affect the ambient air quality and walls while spoiling various products.
By Regional Analysis
North America dominated the global market in 2020 with a revenue share of around 39%. It is also expected to emerge as the largest regional market over the forecast period.
Asia Pacific is expected to expand at the fastest CAGR over the forecast period. Unabated industrialization in the economies, such as China, India, Japan, and Southeast Asian countries, is expected to drive the demand for dehumidifiers in the Asia Pacific region.
De’Longhi Appliances S.r.l
Honeywell International, Inc.
GE Appliances, a Haier company
General Filters, Inc.
The Dehumidifier market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Dehumidifier market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Dehumidifier market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Dehumidifier market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Dehumidifier market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Dehumidifier capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Dehumidifier by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Dehumidifier market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Dehumidifier market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Dehumidifier market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Dehumidifier industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Dehumidifier market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Dehumidifier market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Dehumidifier market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Dehumidifier market. These factors have benefited the growth of the global market for Dehumidifier. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Dehumidifier. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Dehumidifier are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are: