Quick Summary:
The Global Residential Dehumidifiers Market is poised for substantial growth, estimated to reach $850.8 Million by 2030. Executives in the industry must position accordingly if they aspire to not only survive but thrive in this competitive market. Our comprehensive Market Research Report offers critical knowledge and deep insights on this highly promising sector, enabling businesses to strategize, capitalize on upcoming trends, and outpace the competition.
The report provides deep analysis on key segmentations, such as the Mechanical / Refrigerative segment which already shows signs of achieving a 5.3% CAGR and reaching a notable $561.3 Million by 2030. In addition, insights on geographic hotspots including the U.S. and China, both of which show remarkable growth projections in this market, are detailed. With exclusive coverage on 44 featured competitors including Frigidaire, LG Electronics, and Honeywell International, Inc., this report is an invaluable resource for decision-makers aiming to secure a strong foothold in the Residential Dehumidifiers industry.
Global Residential Dehumidifiers Market to Reach $850.8 Million by 2030
The global market for Residential Dehumidifiers estimated at US$575.5 Million in the year 2022, is projected to reach a revised size of US$850.8 Million by 2030, growing at a CAGR of 5% over the analysis period 2022-2030. Mechanical / Refrigerative, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$561.3 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Desiccant segment is readjusted to a revised 4.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $155.5 Million, While China is Forecast to Grow at 8.1% CAGR
The Residential Dehumidifiers market in the U.S. is estimated at US$155.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$185.4 Million by the year 2030 trailing a CAGR of 8.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.Select Competitors (Total 44 Featured) -
- Aprilaire (Research Products Corporation)
- Danby Products Ltd.
- Friedrich Air Conditioning
- Frigidaire
- General Filters, Inc.
- Gree Electric Appliances, Inc. of Zhuhai
- Haier Group
- Honeywell International, Inc.
- LG Electronics, Inc.
- Midea Group Co., Ltd.
- Sunpentown International, Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Residential Dehumidifiers?
What is the growth rate of the Global Market for Residential Dehumidifiers?
What is the forecasted size of the Global Market for Residential Dehumidifiers?
Who are the key companies in the Global Market for Residential Dehumidifiers?
| Report Attribute | Details |
|---|---|
| No. of Pages | 293 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 575.5 Million |
| Forecasted Market Value ( USD | $ 850.8 Million |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Aprilaire (Research Products Corporation)
- Danby Products Ltd.
- Friedrich Air Conditioning
- Frigidaire
- General Filters, Inc.
- Gree Electric Appliances, Inc. of Zhuhai
- Haier Group
- Honeywell International, Inc.
- LG Electronics, Inc.
- Midea Group Co., Ltd.
- Sunpentown International, Inc.
