According to Future Market Insights’ most recent report, the worldwide dehumidifier market is anticipated to be worth US$ 4.23 billion by 2023. The market for dehumidifiers has benefited from rising demand in the residential and industrial sectors to minimise the amount of indoor air pollutants. This is predicted to increase the market at a moderate 6.5% rate, reaching an estimated US$ 7.94 billion by the end of 2033.
According to a recent survey published by FMI, the global Dehumidifiers market is expected to grow at a healthy CAGR during the forecast period between 2023 and 2033. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Dehumidifiers over the coming decade.
Advent of Industry 4.0 Technology to Create New Growth Avenues for the Dehumidifiers Market
Industrial sector is witnessing revolution as manufacturers across the world are extensively emphasizing towards adopting incorporating advanced automation, This is commonly being referred to as Industry 4.0.
With the advent of Industry 4.0, manufacturing facilities are prioritising the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning, among others. This is anticipated to present the Dehumidifiers market with lucrative growth prospects.
Additionally, increasing government emphasis building a better manufacturing sector and integration of augmented and virtual reality using smart equipment to enhance the output is estimated to propel the demand in the market for coming years.
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Key Dehumidifiers Market Takeaways and Projections
- The U.S. is estimated dominate the Dehumidifiers market in North America, accounting for the largest share in the region through 2022.
- Germany is projected to account for a significant share in the Europe market over the assessment period.
- China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2022 and 2032
- India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
Report Benefits & Key Questions Answered
- Dehumidifiers Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
- Dehumidifiers Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Dehumidifiers As per the survey, Dehumidifiers sales will project steady growth over the forecast period.
- Dehumidifiers Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Dehumidifiers.
- Dehumidifiers Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
Key Companies Profiled
- Electrolux (Frigidaire)
- General Filters, Inc.
- Whirlpool Corporation
- LG Electronics Inc.
- Haier Group
- Honeywell International, Inc.
- Sunpentown International, Inc.
- Therma-Stor LLC
- De’Longhi Appliances S.r.I.
- Keystone
- Panasonic Corporation
- Others
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Key Segments Profiled in the Dehumidifier Market Report Dehumidifier Market
By Type:
- Heat Pumps
- Ventilating Dehumidifiers (Refrigerant Dehumidifiers)
- Chemical Absorbent Dehumidifiers (Desiccant Dehumidifiers)
By Technology:
- Sorption
- Warm Condensation
By Application:
- Residential
- Commercial
- Industrial
By Region:
- North America
- Latin America
- East Asia
- South Asia and Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia and Belarus
- Balkan and Baltic Countries
- Middle East and Africa
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About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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