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    Household Dehumidifiers Market Report

    Household Dehumidifiers Market Report
    Report code - SRCG273 Delivery - 2 Weeks
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    Global Household Dehumidifiers Market, Trends, Market Analysis
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    Impact of COVID-19 on Household Dehumidifiers Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Household Dehumidifiers Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global Household Dehumidifiers Market is expected to grow from USD 3.1 billion in 2020 to USD 4.2 billion by 2026 at a CAGR of over 5.6% during the forecast period.

    Figure: Global Household Dehumidifiers Market Size, 2020-2026 (USD Billion)

    Household-Dehumidifier-Market-Forecast

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    What is Household dehumidifier?

    Household dehumidifier is an electric appliance used to reduce and maintain the level of humidity in the air and eliminate mildewed odour. A dehumidifier works either by cooling air to remove moisture in a way similar to air conditioner or refrigerator, or by absorbing moisture into or adsorbing onto a dry material and then removing it back

    Key Players

    Key players operating in the global Household Dehumidifiers Market are –

    • Haier Group Corporation (China),
    • Midea Group (China),
    • Deye (China),
    • Danby (Canada),
    • Frigidaire Appliance Company (The U.S.),
    • LG Electronics Inc. (South Korea),
    • Gree Electric Appliances Inc. (China),
    • Mitsubishi Electric Corporation (Japan),
    • De’Longhi Appliances S.r.l. (Italy),
    • Kenmore (The U.S.),
    • SoleusAir (The U.S.), and
    • Honeywell International Inc. (The U.S.).

    Market Segmentation

    Market Dynamics

    The global household dehumidifiers market is expected to register a CAGR of around 5.6% during the review period.

    • The growth of the household dehumidifier market is primarily driven by an increasing number of households and expanding urbanization coupled with increasing purchasing power.
    • Increasing residential construction activities across geographies is expected to spur market growth at a significant rate.
    • Additionally, the growing demand for energy-efficient products is likely to create lucrative opportunities for the players operating in the global household dehumidifiers market during the review period.

    Type Trends

    Based on type, the market has been segmented into portable dehumidifier and whole house dehumidifier.

    • The portable dehumidifier segment accounted for the largest share of the global household dehumidifier market and is expected to grow at a significant CAGR during the review period.
    • Portable dehumidifiers are inexpensive, convenient, and lightweight and thus, are being widely used.
    • A whole-house dehumidifier works like an air conditioner and clears the entire home space.

    Regional Trends

    Geographically, the market in North America accounted for the largest market share in 2020 owing to high demand for compact, energy efficient and technologically advanced products.

    The market in Asia-Pacific is expected to register highest growth during the forecast period. This market growth can be attributed to increasing product demand in countries including China and India due to presence of excess humidity. Additionally, government schemes such as affordable housing for everyone are likely to result in increased demand for dehumidifiers.

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    COVID-19 Impact on Global Household Dehumidifier Market

    The spread of coronavirus affected the growth of the residential construction activities due to enforcement of lockdown to curb the spread of virus. This led to travel restrictions and supply chain disruptions, which in turn affected the manufacturing of household dehumidifiers. However, some players continued the manufacturing but with minimal workforce in line with the rules and norms set by the governments across geographies.

    Critical Questions Answered in the Report

    • What are the key trends in the global household dehumidifiers market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
    • What is the impact of COVID-19 on global household dehumidifiers market?
    • What are the key strategies adopted by the major vendors to lead in the global household dehumidifiers market?
    • What is the market share of the top vendors?

    Target Audience

    Here is the list of the group of customers that the Global Household De-humidifier market hopes to have the greatest opportunity to convert-

    • Household dehumidifier manufacturers
    • Household dehumidifier suppliers
    • Household dehumidifier distributors
    • Organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The household dehumidifier market size is expected to reach an estimated value of USD 4.2 billion in the foreseeable future.

    Haier Group Corporation (China), Midea Group (China), Deye (China), Danby (Canada), Frigidaire Appliance Company (The U.S.), LG Electronics Inc. (South Korea), Gree Electric Appliances Inc. (China), Mitsubishi Electric Corporation (Japan), DeLonghi Appliances S.r.l. (Italy), Kenmore (The U.S.), SoleusAir (The U.S.), and Honeywell International Inc. (The U.S.) are among the key players in the household dehumidifier market.

    The household dehumidifier market is expected to grow at 5.6% CAGR in the coming years.

    North America accounted for the largest share of household dehumidifier market in 2020.

    Asia-pacific is expected to register highest growth in the household dehumidifier market during the forecast period.

    The portable dehumidifier segment is expected to grow at a significant CAGR in the household dehumidifier market in the coming years.

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