Residential Dehumidifiers Market Overview:
The purpose of this study is to provide an in-depth analysis of the Residential Dehumidifiers market by segments, industry, and geography. The study provides detailed information on the major factors influencing the growth of the Residential Dehumidifiers industry. The study also provides a thorough examination of the market's value chain.
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Global Residential Dehumidifiers Market size was valued at US$ 1150 Mn. in 2019 and expected to reach US$ 1520 Mn. by 2027 at a CAGR of 3.5% during the forecast period.
Market Scope:
The research method used to assess and forecast the Residential Dehumidifiers market begins with gathering revenue data from key suppliers using secondary research sources. When defining market segmentation, vendor offerings are also considered. Using the bottom-up method, the income of major corporations was utilized to assess the total size of the Residential Dehumidifiers market.
Drivers:
The two main factors driving demand for the market are the growing awareness of environmental pollution and its effects and the expanding world population. The main drivers of market expansion also include the rising prevalence of lung diseases and the rise in breathing problems among the geriatric population. The population of people with breathing disorders has increased by about 16% in Europe, and lung infections have increased by about 20% in the North American region, according to the British Royal College of Medicine.
The main driver of the market's expansion is the expanding residential construction industry in emerging economies. Dehumidifier demand has increased as a result of real estate moguls around the world actively promoting a healthy and safe environment.
Segmentation:
The residential dehumidifiers market is dominated by the segment of ventilating dehumidifiers:
The segment of ventilating dehumidifiers currently holds a market share of about 42%. Effective filtration gained by ventilators from sucking in outside air and indoor air elimination for steady movement provided by the product are factors contributing to the segment growth. Additionally, dehumidifier producers all over the world are incorporating their products into HVAC systems for efficient ventilation and air purification. Additionally, some ERV manufacturers are also including the dehumidifier air circulation units in their products.
Due to rising consumer awareness of viral and fungus infections, chemical absorbent dehumidifiers hold a 28% market share in terms of unit manufacturing, making them the second most dominant segment in the market.
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Key Players: the key players are:
• S.A.S. Electric Co. Ltd.
• Gree Electric Corporation
• Danby
• LG Electronics
• Panasonic Corporation
• De’ Longhi Appliances
• Hangzhou Songjiang Electric Co. Ltd.
• Koninklijke Philips N.V.
• Midea Group
• Aprilaire
• Friedrich Air Conditioning
• General Filters, Inc.
• Haier Group
• Frigidaire
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Regional Analysis:
Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.
COVID-19 Impact Analysis on Residential Dehumidifiers Market: The detailed review of COVID-19 impact on the Residential Dehumidifiers market based on import, suppliers, ket players have also been included in the Residential Dehumidifiers market report.
Key Questions Answered in the Residential Dehumidifiers Market Report are:
- Which segment had the largest share in the Residential Dehumidifiers market?
- How is the competitive landscape of the Residential Dehumidifiers market?
- Which are the key factors impacting the Residential Dehumidifiers market growth?
- Which region has the maximum share in the Residential Dehumidifiers market?
- What will be the CAGR of the Residential Dehumidifiers market during the forecast period (2021-2027)?
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