DUBLIN–(BUSINESS WIRE)–July 22, 2022–
The “Dehumidifiers Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering.
The global dehumidifier market is expected to grow from $6.12 billion in 2021 to $6.31 billion in 2022 at a compound annual growth rate (CAGR) of 3.1%. The market is expected to reach $8.17 billion in 2026 at a compound annual growth rate (CAGR) of 6.7%.
The major players in the dehumidifier market are DeLonghi Appliances Srl, Electrolux, General Filters, Honeywell International, Whirlpool Corporation, Therma-Stor, LG Electronics, Sunpentown International, Haier and Munters Group.
The dehumidifiers market consists of the sale of dehumidifiers by entities (organizations, sole proprietorships and partnerships) that produce dehumidifiers which are electrical devices used to reduce and maintain the level of humidity in the air, generally for reasons of health or comfort. It also eliminates a musty smell and prevents mold growth by drawing water out of the air. Only goods and services exchanged between entities or sold to final consumers are included.
The main types of dehumidifiers are chemical absorbers, heat pumps and ventilation dehumidifiers. A heat pump refers to a heat engine operating in the opposite direction. The dehumidification technologies included are cold condensing, sorption, warm condensing and other technologies. The various applications concerned are commercial, industrial and residential.
Asia Pacific was the largest dehumidifier market region in 2021. North America was the second largest dehumidifier market region. Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Rising disposable income has contributed to the growth of the dehumidifier market. An increase in disposable income means that households have more money to spend, which leads to an increase in the purchase of products, in particular beneficial to health.
According to the Organization for Economic Co-operation and Development (OECD), the average household net adjusted disposable income per capita in OECD countries is $30,563 per year. The average US household adjusted net disposable income per capita increased to $68,703 in 2019. The increase in disposable income drove the demand for consumer spending, which in turn drove the market for dehumidifiers during of the period.
The high power consumption of the dehumidifier is expected to limit the growth of the dehumidifier market. High energy consumption will result in high electricity bills. For example, a 70-quart model might cost $120 per year using a dehumidifier for just 8 hours a day. So, it costs on average about $10 per month to use a dehumidifier. Therefore, the dehumidifier has an additional energy expenditure, and above all it is expensive for people whose income varies from low to medium income. It is therefore expected to have a negative impact on the dehumidifier market.
Dehumidifier manufacturers are increasingly using Climatix in the device, which is likely to be an emerging trend in the dehumidifier market. Climatix is a solution that uses technology to enable cost effective and efficient control of heating, ventilation and air conditioning (HVAC) equipment. It is designed for heating or cooling applications and fits perfectly into a building automation system. For example, Munters uses Climatix for the efficient performance of its dehumidifiers.
Main topics covered:
2. Characteristics of the Dehumidifiers Market
3. Dehumidifiers Market Trends and Strategies
4. Impact of COVID-19 on dehumidifiers
5. Dehumidifiers Market Size and Growth
5.1. Global Historical Dehumidifier Market, 2016-2021, USD Billion
5.1.1. Market Drivers
5.1.2. Market Constraints
5.2. Global Dehumidifiers Market Forecast, 2021-2026F, 2031F, Billion USD
5.2.1. Market Drivers
5.2.2. Market Constraints
6. Dehumidifier Market Segmentation
6.1. Global Dehumidifiers Market, Segmentation by Product Type, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
- chemical absorbent
- heat pump
- Ventilation dehumidifier
6.2. Global Dehumidifiers Market, Segmentation by Application, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
6.3. Global Dehumidifiers Market, Segmentation by Dehumidifier Technology, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
- cold condensation
- hot condensation
- Other dehumidification technologies
7. Regional and Country Analysis of Dehumidifiers Market
7.1. Global Dehumidifiers Market, Split by Region, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
7.2. Global Dehumidifiers Market, Split by Country, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
- DeLonghi Appliances Srl
- General filters
- Honeywell International
- Whirlpool Corporation
- Therma Stor
- LG Electronics
- Sunpentown International
- Munters Group
- Seibu Giken DST AB
For more information about this report visit https://www.researchandmarkets.com/r/8okcjm
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INDUSTRY KEYWORD: HOME GOODS CONSTRUCTION & PROPERTY HVAC BUILDING SYSTEMS CONSUMER ELECTRONICS TECHNOLOGY MANUFACTURING RETAIL
SOURCE: Research and Markets
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PUBLISHED: 07/22/2022 12:58 PM / DISK: 07/22/2022 12:58 PM