DUBLIN–(BUSINESS WIRE)–The “Dehumidifiers Global Market Report 2021: COVID-19 Impact and Recovery to 2030” report has been added to from ResearchAndMarkets.com offer.
The global dehumidifier market is expected to grow from $5.2 billion in 2020 to $5.25 billion in 2021 at a compound annual growth rate (CAGR) of 1%.
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 growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $6.3 billion in 2025 at a CAGR of 4.7%.
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 musty odors 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.
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.
The Dehumidifiers market covered in this report is segmented by Product Type into Chemical Absorbent; heat pump; ventilated dehumidifier. It is also segmented by application in commercial; industrial; Residential.
In February 2019, Lasko, an American company that manufactures home comfort products, acquired Intertex, Inc, B-Air which develops and supplies high quality air circulation products, for an undisclosed amount. The acquisition should provide Lasko with an opportunity for business expansion with additional product offerings from B-Air. B-Air is a developer and supplier of inflatable fans, dehumidifiers, air cleaners and blowers for commercial and retail use.
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, leading to an increase in the purchase of products, especially health-beneficial. 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 net adjusted disposable income per capita is $64,324 in 2018 and it increased to $68,703 in 2019. The increase in disposable income has boosted the demand for consumer spending, which has boosted the market dehumidifiers during the period.
The high energy consumption of the dehumidifier is expected to limit the growth of the dehumidifier market.
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, 2015-2020, Billion USD
5.1.1. Market Drivers
5.1.2. Market Constraints
5.2. Global Dehumidifiers Market Forecast, 2020-2025F, 2030F, 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, 2015-2020, 2020-2025F, 2030F, USD Billion
6.2. Global Dehumidifiers Market, Segmentation by Application, History and Forecast, 2015-2020, 2020-2025F, 2030F, USD Billion
6.3. Global Dehumidifiers Market, Segmentation by Dehumidifier Technology, History and Forecast, 2015-2020, 2020-2025F, 2030F, USD Billion
7. Regional and Country Analysis of Dehumidifiers Market
7.1. Global Dehumidifiers Market, Split by Region, Historical & Forecast, 2015-2020, 2020-2025F, 2030F, USD Billion
7.2. Global Dehumidifiers Market, Split by Country, Historical & Forecast, 2015-2020, 2020-2025F, 2030F, USD Billion
DeLonghi Appliances Srl
Seibu Giken DST AB
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