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Dehumidifiers Market 2024-2033: Trends, Analysis & Growth Forecast

Dehumidifiers Market 2024-2033: Trends, Analysis & Growth

The dehumidifiers market size has grown strongly in recent years. It will grow from $4.42 billion in 2023 to $4.71 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to rise in disposable income and an increase in the construction of shopping malls.

The dehumidifiers market size is expected to see strong growth in the next few years. It will grow to $5.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rising urbanization, growing expenditure on comfort and luxury, growing need for energy-efficient products, increasing population growth, growing adoption of the dehumidifier in food packaging and processing, and stringent regulation on industrial and commercial sector air pollution. Major trends in the forecast period include invest in developing iot-enabled dehumidifiers, focus on chemical absorbent dehumidifiers in order to reduce energy consumption and enhance revenue, develop customizable dehumidifiers to boost product utilization and revenue, focus on collaborating or partnering with power plants to not only provide equipment but also post-purchase services, consider m&a growth strategies to gain access to new product technologies, expand the customer base and their geographic markets, invest more in climatix devices and technology to strengthen their product portfolio and increase their revenue and focus on investing in desiccant dehumidification technology as it provides lower equipment costs.

Market Overview -
Dehumidifiers are electrical appliances used to reduce and maintain the level of humidity in the air, usually for health or comfort reasons. It also eliminates a musty odour and prevents the growth of mildew by extracting water from the air. Only goods and services traded between entities or sold to end consumers are included.

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Growing Disposable Income Drives Demand For Dehumidifiers In The Market
The rise in disposable income contributed to the growth of the dehumidifiers market. An increase in disposable income means households have more money to spend and this leads to an increase in the purchase of products, especially those that benefit health. According to the Organization for Economic Co-operation and Development (OECD), the average household net adjusted disposable income per capita across OECD countries is $30,563 per year. The rise in disposable income boosted demand for consumer spending, and this, in turn, drove the market for dehumidifiers market during the period.

Competitive Landscape -
Major companies operating in the dehumidifiers market report are The Munters Group, Electrolux AB, Delonghi Appliances S.R.L, Haier Smart Home Co., Ltd, LG Electronics Inc, Resideo Technologies Inc., Therma-Stor LLC, Whirlpool Corporation, Dantherm AS, Seibu Giken DST AB, Daikin Industries Ltd., Panasonic, Xiaomi Corporation, Coway, Samsung Electronics Co.Ltd, Solenco, Midea, TCL Corporation, Sanyo Electric , Hysure , Condair, Sunbeam Products Inc., YADU, Little Swan, Homelabs LLC company, Pure Enrichment, Frigidaire, Thermomatic Group, Bridgeport, Kiwi Energy, Norman Wright Mechanical Equipment Corporation, Inc., Alessa Industries Co, Indus International FZC, Maico Gulf L.L.C, Zamil Air Conditioners, CFW environmental, GMC aircon

Integration Of Climatix Technology In Dehumidifiers For Enhanced Efficiency
Dehumidifier manufacturers are increasingly using Climatix in the device which is likely to be an emerging trend in the dehumidifiers market. Climatic is a solution that uses technology to enable cost-effective and efficient control of heating, ventilation, and air conditioning equipment (HVAC). It is designed for heating or cooling application and seamlessly integrates into a building automation system. For instance, Munters uses Climatix for the efficient performance of their dehumidifiers.

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https://www.thebusinessresearchcompany.com/report/dehumidifiers-global-market-report

Key Segments -
The dehumidifiers market covered in this report is segmented -
1) By Product Type: Chemical Absorbent, Heat Pump, Ventilating Dehumidifier
2) By Application: Commercial, Industrial, Residential
3) By Technology: Cold Condensation, Sorption, Warm Condensation, Other Technologies

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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