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.
North America is one of the most significant regions with respect to the adoption of dehumidifiers. Demand for dehumidifiers is relatively high in countries such as the United States, Canada, and Mexico. The US and Canada are among the major markets for dehumidifiers due to the presence of large-scale food & beverages, electronics & semiconductor, and hospitality industry. Smartphones industry in the United States witnessed a considerable decline in their sales. In electronics industry, dehumidifiers help in dealing with problems such as transistor failures, condensation on integrated circuits and corrosion of PCB. With lower production, demand for respective dehumidifiers also suffered proportionally. Owing to international travel ban, tourism industry suffered notably in Canada and Mexico. This impacted the sales of dehumidifiers required at various hotels, gyms, restaurants, theaters, theme parks etc. With lower demand and restrictions of limited workforce at production site, the dehumidifiers market in the North America is also affected from the supply side.
Market Overview and Dynamics
The North America dehumidifier market is projected to reach US$ 1,110.6 million by 2028 from US$ 662.8 million in 2021; it is anticipated to grow at a CAGR of 7.7% from 2021 to 2028. The demand for desiccant dehumidifier is majorly suitable for diverse air and gas dehumidification tasks in industrial, utility, and haulage companies. To secure products and production processes, advanced products such as industrial dehumidifiers are getting used. Value retention of machines, and inventory and buildings; constant protection against corrosion, mold formation and condensation are some mandatory aspects which are considered in industries for product efficiency. This aspect is creating demand for desiccant dehumidifiers in the industrial sectors, which would create wide opportunities of the dehumidifier market during the forecast period.
Key Market Segments
In terms of type, the chemical absorbent dehumidifiers segment accounted for the largest share of the North America 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 North America 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., General Filters, Inc., Sunpentown International Inc., Therma-Stor, Munters, and Resideo Technologies, Inc.
Reasons to Buy Report
NORTH AMERICA DEHUMIDIFIER MARKET SEGMENTATION
By Type
By Application
By Country
US
Canada
Mexico
Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 662.8 Million |
| Market Size by 2028 | US$ 1,110.6 Million |
| CAGR (2021 - 2028) | 7.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Dehumidifier Market is valued at US$ 662.8 Million in 2021, it is projected to reach US$ 1,110.6 Million by 2028.
As per our report North America Dehumidifier Market, the market size is valued at US$ 662.8 Million in 2021, projecting it to reach US$ 1,110.6 Million by 2028. This translates to a CAGR of approximately 7.7% during the forecast period.
The North America Dehumidifier Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Dehumidifier Market report:
The North America Dehumidifier Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Dehumidifier Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Dehumidifier Market value chain can benefit from the information contained in a comprehensive market report.
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