Dehumidifiers Market Trends and Forecast Insights for 2024-2033 | Key Players The Munters Group, Electrolux AB, Delonghi Appliances S.R.L, Haier Smart Home Co.

The Business Research Company recently released a comprehensive report on the Global Dehumidifiers Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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.

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Market Drivers and Trends:

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.

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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Major Key Players of the Market:

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

Dehumidifiers Market 2024 Key Insights:

• 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%.
• Growing Disposable Income Drives Demand For Dehumidifiers In The Market
• Integration Of Climatix Technology In Dehumidifiers For Enhanced Efficiency
• The Asia-Pacific was the largest region in the dehumidifiers market in 2023

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