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Household Dehumidifiers Market Report
Global Household Dehumidifiers Market, Trends, Market Analysis
The Global Household Dehumidifiers Market report is segmented By Type (Portable Dehumidifier, Whole House Dehumidifier), Distribution Channel (Offline, Online) and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Household dehumidifier market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
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)
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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 operating in the global Household Dehumidifiers Market are –
The global household dehumidifiers market is expected to register a CAGR of around 5.6% during the review period.
Based on type, the market has been segmented into portable dehumidifier and whole house dehumidifier.
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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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.
Here is the list of the group of customers that the Global Household De-humidifier market hopes to have the greatest opportunity to convert-
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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), De’Longhi 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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