The logistics price increased by 34.9% in July 2022, disrupting the supply chain, while electricity prices increased by 15.5%, the highest level since February 2006. Besides that, The number of existing U.S. homes sold in July 2022 decreased by 5.95% to 4.85 million (seasonally adjusted annual rate), which was the lowest number since May 2020 and under the market’s forecast of 4.89 million. The home sector sales fell for the sixth month in a row as the mortgage rate reached its highest point at 6.3%. The U.S. economy continues to be heavily impacted by the global energy crisis, causing people to spend less and conserve more.
Global Dehumidifiers Market to reach USD $billion by 2027.Global Dehumidifiers Market is valued approximately at USD $billion in 2020 and is anticipated to grow with a healthy growth rate of more than % over the forecast period 2021-2027.
Market Overview- Dehumidifiers are electrical appliances used to minimize humidity by removing the excess amount of moisture from the air. It improves the quality and consistency of air indoors. The global Dehumidifiers market is driven by increasing purchasing power as consumers are willing to spend as they are more aware about health benefits and extreme climatic conditions.
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According to the World Bank, the middle-income population worldwide has increased from 5.66 billion in 2017 to 5.75 billion in 2019. The market growth is also to be driven by the introduction of new products. For instance, in August 2021, Coway launched new dehumidifier with two-stage filter system. Also, in June 2021, Aprilaire launched the e-series residential dehumidifiers with 3 models i.e., E080, E130 and E100 that have Energy Star’s Most Efficient 2021 designation. However, high cost of product hampers the growth of the market over the forecast period of 2021-2027. Furthermore, rising demand for consumer electronic products, technological advancements, presence of indoor pollution and increase in construction industry are expected to create opportunity for Dehumidifier market growth over the forecast period.
The geographical analysis of the global Dehumidifiers market is studied for major regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the dominating region across the world in terms of market share owing to increase in tech-savvy consumer base, presence of high temperature regions. Whereas, Asia-Pacific is anticipated to grow at the fastest growth rate owing to increasing product launches, rising residential sector and increase in extreme climatic conditions in the region.
Major market player included in this report are: General Filters, Inc. Whirlpool Corporation LG Electronics Inc. Haier Group Honeywell International, Inc. Sunpentown International, Inc Therma-Stor LLC De’Longhi Appliances S.r.I. Airwatergreen AB Frigidaire Resideo Technologies
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the Component within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Type: Heat Pumps Ventilating Dehumidifiers (Refrigerant Dehumidifiers) Chemical Absorbent Dehumidifiers (Desiccant Dehumidifiers) By Application: Residential Commercial
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