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Dehumidifier Market Size to Outstrip US$ 4,559.9 million by 2028 Growth Projections at 7.2% CAGR During 2021 to 2028
Dehumidifier Market: Key InsightsAccording to our latest market study on “Dehumidifier Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Application,” the market was valued at US$ 2,797.5 million in 2021 and is projected to reach US$ 4,555.9 million by 2028; it is expected to grow at a CAGR of 7.2% from 2021 to 2028.
Dehumidifier Market: Competitive Landscape and Key Developments
A few key players operating in the global dehumidifier market are Haier Group Corporation; Electrolux AB; LG Electronics; Whirlpool Corporation; De’Longhi Appliances S.r.l.; General Filters, Inc.; Sunpentown International Inc.; Therma-Stor; and Munters and Resideo Technologies, Inc. Several other market players have been analyzed to understand the market.
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In September 2021, in the LG Styler, the drying feature doubled as a powerful dehumidifier, which prevents the build-up of molds in houses and minimizes respiratory distress indoors.
The dehumidifier market has been segmented as follows:
Dehumidifier Market – by Type
Heat Pumps
Ventilating Dehumidifier
Chemical Absorbent Dehumidifier
Dehumidifier Market – by Application
Residential
Commercial
Industrial
A dehumidifier is gaining popularity in residential spaces as it improves air quality and helps eliminate dust mites. Its use is increasing in the residential space due to its various advantages such as being portable and convenient, and easy and quick maintenance. Moreover, the adoption of dehumidifiers is increasing in hotels, restaurants, dining rooms, and kitchens to handle the concerns regarding the high moisture levels generated by cooking, which supports the growth of the dehumidifiers market. The growing demand for dehumidifiers in locations having temperatures below 30°C, such as garages, unoccupied properties, and caravans, boosts the adoption of the absorption dehumidifiers.
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