Chemical Absorbent, Heat Pump, Ventilation Dehumidifier, Commercial, Industrial, Residential, Condensation, Sorption
DUBLIN, July 2, 2021 / PRNewswire / – The report “Dehumidifiers Global Market Report 2021: COVID-19 Impact and Recovery to 2030” has been added to ResearchAndMarkets.com offer.
The global dehumidifier market is expected to grow by $ 5.2 billion in 2020 at $ 5.25 billion in 2021 at a compound annual growth rate (CAGR) of 1%.
The main 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 previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach $ 6.3 billion in 2025 at a CAGR of 4.7%.
The dehumidifier market consists of the sales 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, usually for the sake of health or comfort. It also eliminates musty odors and prevents mold growth by extracting water from the air. Only goods and services traded 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 Chemical Absorbent Product Type; heat pump; ventilated dehumidifier. It is also segmented by application into commercial; industrial; Residential.
In February 2019, Lasko, an American company which manufactures home comfort products has acquired Intertex, Inc, B-Air which develops and supplies high quality air circulation products, for an undisclosed amount. The acquisition is expected to provide Lasko with an opportunity for business expansion with additional product offerings from B-Air. B-Air is a developer and supplier of ventilators, dehumidifiers, air cleaners and inflatable 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 and this leads to an increase in the purchase of products which are particularly beneficial for health. According to the Organization for Economic Co-operation and Development (OECD), the average net adjusted household disposable income per capita in OECD countries is $ 30,563 per year.
The average net adjusted disposable income of U.S. households per capita is $ 64,324 in 2018, and moved to $ 68,703 in 2019. Rising disposable income boosted the demand for consumer spending which in turn boosted the dehumidifier market 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 dehumidifier market
3. Dehumidifier Market Trends and Strategies
4. Impact of COVID-19 on dehumidifiers
5. Size and growth of the dehumidifier market
5.1. Historical Global Dehumidifier Market, 2015-2020, in USD Billion
5.1.1. Market drivers
5.1.2. Market constraints
5.2. Global Dehumidifier Forecast Market, 2020-2025F, 2030F, in USD Billion
5.2.1. Market drivers
5.2.2. Market constraints
6. Market segmentation of dehumidifiers
6.1. Global Dehumidifier Market, Segmentation by Product Type, History and Forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion
- Chemical absorbent
- Heat pump
- Dehumidifier Fan
6.2. Global Dehumidifier Market, Segmentation by Application, History and Forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion
6.3. Global Dehumidifier Market, Dehumidifier Technology Segmentation, History and Forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion
- Cold condensation
- Hot condensation
7. Regional and national analysis of the dehumidifiers market
7.1. Global dehumidifier market, divided by region, historical and forecast, 2015-2020, 2020-2025F, 2030F, in USD billion
7.2. Global dehumidifier market, divided by country, historical and forecast, 2015-2020, 2020-2025F, 2030F, in USD billion
- DeLonghi Appliances Srl
- General filters
- Honeywell International
- Whirlpool Company
- LG Electronics
- Sunpentown International
- Munters Group
- Seibu Giken DST AB
For more information on this report, visit https://www.researchandmarkets.com/r/g04eih
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