As per this study the Global Residential Dehumidifier Market was valued USD XX MN (by revenue) in 2018 and is anticipated to reach USD XX MN by 2025 with a CAGR of XX%.
A residential dehumidifier is the electronic home appliance used to maintain humidity by removing moisture or water content from the air. The moisture is removed either through refrigerating or absorbing/adsorbing humidity. Too much humidity promotes viral, bacterial and fungal growth triggering allergic reactions whereas the dehumidifier maintains the indoor air quality by removing dust particles, humidity and even the musty odor at residential spaces.
The rising pollution rate coupled with increasing awareness towards health hazards caused by pollution is driving the market growth. The growing prevalence of asthma, lung disorders, and airborne infections are also fueling the demand of dehumidifier at residential buildings. On the other hand, the high cost of the appliance coupled with high electricity consumption is likely to challenge the market growth. Nevertheless, ongoing research for the development of cost-efficient dehumidifiers is presumed to foster market growth in the following years.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of the residential dehumidifier.
The broad residential dehumidifier market has been sub-grouped into type and distribution channel. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Distribution Channel
- Refrigerant Type Dehumidifier
- Chemical Absorbent Dehumidifier
- Specialty Store
- Online Stores
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for a residential dehumidifier in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Residential Dehumidifier Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the residential dehumidifier market include Aprilaire, Danby, De’Longhi Appliances, Friedrich Air Conditioning, Frigidaire, General Filters, Gree Electrical Appliances, Haier, Honeywell, LG, Midea, Sunpentown International and Therma-Stor among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.