The global Dehumidifier market, which was estimated at 3.09 (USD Billion) in 2019 and is set to record a CAGR of nearly 6.6% over 2020-2026. The report offers valuation and analysis of Dehumidifier market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).
Introduction
A dehumidifier is electrical equipment that helps in reducing as well as maintaining the humidity proportion in the atmosphere. The device is utilized for eliminating musty odor and preventing mildew growth through water extraction from air. Furthermore, the product is utilized in commercial structures, households, and a slew of industrial applications. Citing an instance, large or big dehumidifiers are utilized in commercial buildings including swimming pools and indoor ice sinks. Dehumidifiers are also used in storage warehouses and manufacturing units.
Market Growth Dynamics
Surging construction activities, altering climatic conditions, and increase in the disposable income will proliferate the expansion of the dehumidifier market in the coming years. Apparently, increase in the construction activities along with strict enforcement of energy-efficient norms in residential sector will enlarge the scope of the market in the years ahead.
Moreover, dehumidifiers are being used in cold storage as well as food & beverages sectors as the product facilitates retaining of appropriate temperature for ensuring elongated shelf life for food as well as inventory. This, in turn, will embellish the market growth over the forecast timespan. In addition to this, dehumidifiers are being utilized in hotels & restaurants for maintaining the quality, flavor, and taste of the food products.
North America To Account For Major Market Share Over 2020-2026
The expansion of the dehumidifier market in the sub-continent over the forecast timespan is attributed to increase in the end-user trends towards maintenance of healthy environment in the households. In addition to this, the construction sector in the countries like the U.S. and Canada are installing dehumidifiers to plasters as well as dry slabs for maintaining appropriate conditions in hardware stores along with avoiding mold. This, in turn, will proliferate the business sphere in the region over the forecast timespan.
The key players influencing the market growth include Whirlpool Corporation, Therma-Stor LLC, General Filters, Inc., Electrolux Home Products, Inc., Condair Group AG, De'Longhi S.p.A, LG Electronics Inc., Haier Group Corporation, Honeywell International Inc, Heat Controller, Inc., Sunpentown International Inc., and Mitsubishi Electric Corporation.
The global dehumidifier market is segmented as follows:
By Product
- Chemical Absorbent
- Heat Pump
- Ventilating Dehumidifier
By Technology
- Cold Condensation
- Sorption
- Warm Condensation
- Others
By Application
- Commercial
- Industrial
- Residential
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
Surging construction activities, altering climatic conditions, and increase in the disposable income will proliferate the expansion of the dehumidifier market in the coming years. Apparently, increase in the construction activities along with strict enforcement of energy-efficient norms in residential sector will enlarge the scope of the market in the years ahead.
According to Zion Market Research, the global Dehumidifier Market value was estimated at 3.09 (USD Billion) in 2019 and is set to record a CAGR of nearly 6.6% over 2020-2026.
North America is likely to make noteworthy contributions towards global Dehumidifier Market revenue. The growth is attributed to increase in the end-user trends towards maintenance of healthy environment in the households. In addition to this, the construction sector in the countries like the U.S. and Canada are installing dehumidifiers to plasters as well as dry slabs for maintaining appropriate conditions in hardware stores along with avoiding mold.
