Press release
Dehumidifiers Market Soaring at 6.5% CAGR With Increased Demand and Key Market Trends
Dehumidifiers Market Trends
What Is The Projected Market Size Of The Global Dehumidifiers Market And Its Growth Rate?
•Strong growth of the dehumidifiers market can be witnessed as it is expected to grow from $4.71 billion in 2024 to $5.02 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%.
•The market is set to further soar to $6.32 billion in 2029 at a CAGR of 6.0% driven by factors such as rising urbanization, increasing expenditure on comfort and luxury, and increasing need for energy-efficient products.
What Is Driving The Growth In The Dehumidifiers Market?
The growth of the dehumidifiers market has been significantly influenced by the rise in disposable income. A boost in disposable income results in increased spending capacity of households. This in turn has led to a surge in purchasing products that enhance health. As per the Organization for Economic Co-operation and Development (OECD), the average household's net adjusted disposable income per capita across OECD countries is $30,563 per year. The increase in disposable income has, therefore, amplified consumer spending, fueling the market for dehumidifiers during this period.
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Who Are the Key Players Driving Dehumidifiers Market Growth?
Major companies operating in the dehumidifiers market include:
•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., and many more
What Are The Key Trends In The Dehumidifiers Market?
The dehumidifiers market is witnessing the following key trends:
•Investment in the development of IoT-enabled dehumidifiers.
•Focus on development of chemical absorbent dehumidifiers.
•Increasing customization of dehumidifiers.
•Partnerships and collaborations with power plants.
•Greater investment in climatic devices.
What Are The Segments Of The Global Dehumidifiers Market?
The dehumidifiers market is segmented by:
1) Product Type: Chemical Absorbent, Heat Pump, Ventilating Dehumidifier
2) Application: Commercial, Industrial, Residential
3) Technology: Cold Condensation, Sorption, Warm Condensation, Other Technologies
Which Region Leads The Dehumidifiers Market?
Asia-Pacific was the largest region in the dehumidifiers market in 2024. North America followed as the second largest region in the global dehumidifiers market. The market report further breaks down the market into Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Dehumidifiers Market Global Market Report?
- Market Size Analysis: Analyze the Dehumidifiers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Dehumidifiers Market effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Dehumidifiers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Dehumidifiers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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