Report : North America Dehumidifiers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Heat pumps, Ventilating Dehumidifiers, and Chemical Absorbent Dehumidifiers), Application (Industrial, Commercial, and Residential), Capacity (Less than 30 Pint, 31–50 Pint, and Above 50 Pint), and Technology (Refrigerant Dehumidifier and Desiccant Dehumidifier)
Rapid Urbanization and Rise in Disposable Income to Create Lucrative Opportunities for Dehumidifiers Market Growth
According to our latest market study on “Dehumidifiers Market Forecast to 2028 – COVID-19 Impact and Country Analysis – by Type, Application, Capacity, and Technology,” the dehumidifiers market is expected to grow from US$ 662.8 million in 2021 to US$ 1,110.6 million by 2028; it is estimated to grow at a CAGR of 7.7% from 2021 to 2028.
There is an increase in construction activities worldwide due to unabated industrialization in the economies and urbanization. The construction of malls, hospitals, commercial buildings, hotels, and manufacturing facilities has increased, which is driving the demand for dehumidifiers. The market for dehumidifiers is growing due to technological improvements and changes in government and corporate energy consumption policies. Smart dehumidifiers, which use technology to calculate humidity levels in the air and work automatically, are in high demand. The advent of cloud-based technology, which allows dehumidifiers to be connected to smartphones, tablets, and laptops, is further accelerating the dehumidifiers market expansion. Furthermore, rising consumer awareness of health and improving standards of life are driving the market for dehumidifiers. In cities, air pollution is caused by a number of factors, including expanding energy consumption, a developing industrial sector, and an increasing population. Growing awareness among individuals about ensuing a healthier ambient environment also bodes well for the growth of the North America dehumidifiers market.
Based on type, the dehumidifiers market is segmented into heat pumps, ventilating dehumidifiers, and chemical absorbent dehumidifiers. In terms of capacity, the dehumidifiers market is segmented into less than 30 pint, 31–50 pint, and above 51 pint. Based on application, the dehumidifiers market is segmented into industrial, commercial, and residential. In terms of technology, the dehumidifiers market is segmented into refrigerant dehumidifier and desiccant dehumidifier. Based on region, the North America dehumidifiers market is segmented into three major countries — the US, Canada, and Mexico.
Impact of COVID-19 Pandemic on Dehumidifiers Market
The COVID-19 pandemic has impacted almost every industry worldwide. The rising number of virus-infected patients forced government officials to impose restrictions on the movement of goods and people. To curb the spread of the virus, governments worldwide took measures like mass lockdowns, travel bans, and business closures. Lockdown resulted in lesser production of goods and commodities and a reduction in the frequency of service offerings. Due to the temporary closure of businesses, automotive, manufacturing, oil & gas, electronics & semiconductor, aviation, mining, and other industries have seen a significant drop in their operations. Many industries came to a halt in the first half of 2020, following the enforcement of statewide lockdown in most countries. Dehumidifiers are commonly used in the food and pharmaceutical industries, electronics and semiconductor manufacturing, cold storage, defense manufacturing, leather manufacturing, turbine manufacturing, and so forth. The demand for dehumidifiers at various small and medium businesses was also considerably negatively impacted. However, once the situation returns to normal, the global dehumidifier industry is likely to rise significantly.
GE Appliances; Honeywell International Inc.; Berg Chilling Systems Inc.; De’Longhi Appliances S.r.l.; General Filters, Inc.; LG Electronics; Munters; Sunpentown International Inc.; Therma-Stor; and Whirlpool Corporation are a few major companies operating in the dehumidifiers market.
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