Market Introduction
This research report on the “Dehumidifier Market” provides a holistic view of the market size across major regions. The report further elucidates the key driving factors, restraints, growth opportunities, and future trends pertaining to the market growth.
Moreover, the rapid urbanization and growing disposable income is expected to bolster the market growth during the forecast period.
In 2020, the impact of COVID-19 differed from country to country across the European region. In the region, major countries which were affected by the pandemic of COVID-19 are the United Kingdom, Russia, Italy, France, Germany, and Spain. Due to surging number of recorded cases, some of these countries had to impose strict and longer lockdown along with social isolation. Because of the robust healthcare system, western European countries were relatively less affected. In order to protect the citizens from the virus, the European government authorities made all the required investments for incorporating respective technologies in the healthcare systems to help identify signs of the virus. As per the estimates by the United Nations World Tourism Organization, tourism sector in EU alone is suffering losses of approximately EUR 1 billion per month. Thus, the demand for dehumidifiers used at various hotels, lodges, and resorts declined considerably. Further, in 2021, with the ongoing vaccination process and uplifting of lockdown, dehumidifiers market is recovering gradually.
Market Overview and Dynamics
The Europe dehumidifier market is projected to reach US$ 1,390.8 million by 2028 from US$ 920.0 million in 2021; it is anticipated to grow at a CAGR of 6.1% from 2021 to 2028. Individuals are transforming their homes into smart homes with latest technologies and devices. The reason behind the strong adoption of technology is supportive infrastructure and strong economies. Owing to strong purchasing power of populace in countries the customers are now preferring for premium level products backed by high disposable income. Increased focus of customers on the sophisticated products is helping the market players to introduce premium, advanced, and customized products. Growing concerns related to healthy lifestyle with supporting gadgets created a new trend of Wi-Fi & touch screen dehumidifiers.
Key Market Segments
In terms of type, the chemical absorbent dehumidifiers segment accounted for the largest share of the Europe dehumidifier market in 2020. Further, based on application, the commercial segment held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the dehumidifier market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report areHaier Group Corporation, Electrolux AB, LG Electronics, Whirlpool Corporation, De’Longhi Appliances S.r.l., Sunpentown International Inc., Munters, and Resideo Technologies, Inc.
Reasons to Buy Report
- To understand the Europe dehumidifier market landscape and identify market segments that are likely to guarantee a strong return
- To comprehend the ever-changing market landscape and stay ahead in competition
- To efficiently plan merger and acquisition, and partnership deals in the Europe dehumidifier market by identifying segments with the most promising probable sales
- To make knowledgeable business decisions from perceptive and comprehensive analysis of the market performance of various segments
- To obtain market revenue forecast of the Europe dehumidifier market based on various segments for the period 2021–2028
EUROPE DEHUMIDIFIER MARKET SEGMENTATION
By Type
- Heat Pumps
- Ventilating Dehumidifiers
- Chemical Absorbent Dehumidifiers
By Application
- Industrial
- Commercial
- Residential
By Country
- Europe
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- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
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Companies Mentioned
- Haier Group Corporation
- Electrolux AB
- LG Electronics
- Whirlpool Corporation
- De’Longhi Appliances S.r.l.
- Sunpentown International Inc.
- Munters
- Resideo Technologies, Inc.
Europe Dehumidifier Market Strategic Insights
Europe DehumidifierMarket Report Highlights
| Report Attribute | Details |
| Market size in 2021 | US$ 920.0 Million |
| Market Size by 2028 | US$ 1,390.8 Million |
| CAGR (2021 - 2028) | 6.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
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Regions and Countries Covered
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| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
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Europe Dehumidifier Market Country and Regional Insights
