The price of logistics increased by 34.9% in July 2022, disrupting the supply chain, while electricity prices rose by 15.5%, the highest level since February 2006. In addition, the number of US existing homes sold in July 2022 fell 5.95% to 4.85. million (seasonally adjusted annual rate), which was the lowest number since May 2020 and below the market forecast of 4.89 million. Residential sales fell for the sixth straight month as the mortgage rate peaked at 6.3%. The US economy continues to be heavily impacted by the global energy crisis, forcing people to spend less and save more.
The global dehumidifier market will reach US$1 billion by 2027.
Dehumidifiers are electrical devices used to minimize humidity by removing excess moisture from the air. It improves indoor air quality and consistency. The global dehumidifier market is driven by increasing purchasing power as consumers are willing to spend as they are more aware of health benefits and extreme weather conditions.
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According to the World Bank, the world’s middle-income population grew from 5.66 billion in 2017 to 5.75 billion in 2019. Market growth is also to be driven by the introduction of new products. For example, in August 2021, Coway launched a new dehumidifier with a two-stage filter system. Additionally, in June 2021, Aprilaire launched the e-series residential dehumidifiers with 3 models, namely E080, E130 and E100, which have the Energy Star’s Most Efficient 2021 designation. However, the high cost of the product is hampering the growth of the market over the forecast period 2021-2027. Additionally, growing demand for consumer electronics, advancement in technology, presence of indoor pollution, and increase in construction industry are expected to create opportunities for the growth of the dehumidifier market over the forecast period. .
The geographical analysis of the Global Dehumidifiers Market is studied for the major regions such as Asia-Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominant region of the world in terms of market share owing to the increase in tech-savvy consumer base and the presence of high temperature regions. While Asia-Pacific is expected to grow at the fastest growth rate owing to increased product launches, booming residential sector, and increased extreme weather conditions in the region.
The major market players included in this report are:
General Filters, Inc.
LG Electronics Inc.
Honeywell International, Inc.
Sunpentown International, Inc.
De’Longhi Appliances SRI
The objective of the study is to define the market size of different segments and countries in recent years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the Component in each of the regions and countries involved in the study. Furthermore, the report also provides detailed information about the crucial aspects such as driving factors and challenges which will define the future growth of the market. Additionally, the report should also incorporate the opportunities available in the micro markets for stakeholders to invest in, along with the detailed analysis of the competitive landscape and type offerings of key players.
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The detailed segments and sub-segments of the market are explained below:
Ventilation dehumidifiers (refrigerant dehumidifiers)
Chemical Absorbent Dehumidifiers (Desiccant Dehumidifiers)
- North America
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- Asia Pacific
- South Korea
- Latin America
- Rest of the world
Main advantages of this market study:
- Sector Drivers, Constraints and Opportunities Covered in the Study
- Neutral outlook on market performance
- Recent industry trends and developments
- Competitive landscape and strategies of key players
- Potential and Niche Segments and Regions Showing Promising Growth Covered
- Historical, current and projected market size, in terms of value
- In-depth analysis of the Exterior Architectural Cladding market
- Overview of the Regional Outlook of the Exterior Architectural Cladding Market:
This report answers the following key questions:
- What is the size of the market as a whole in 2021? What rate of market expansion is expected between 2022 and 2030?
- Which region would experience strong demand for property in the coming years?
- What are the variables favoring the expansion of the market?
- Which sub-market will have the most impact on the market?
- What market opportunities exist for established and new players?
- What different short-term and long-term tactics have market participants adopted?
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