Argentina Dehumidifier Market Size & Outlook, 2023-2030
Argentina dehumidifier market, 2018-2030 (US$M)
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Argentina dehumidifier market highlights
- The Argentina dehumidifier market generated a revenue of USD 48.1 million in 2023 and is expected to reach USD 76.8 million by 2030.
- The Argentina market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, desiccant was the largest revenue generating technology in 2023.
- Desiccant is the most lucrative technology segment registering the fastest growth during the forecast period.
Dehumidifier market data book summary
| Market revenue in 2023 | USD 48.1 million |
| Market revenue in 2030 | USD 76.8 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Desiccant |
| Fastest growing segment | Desiccant |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Refrigerative, Desiccant, Electronic/Heat Pump |
| Key market players worldwide | LG Electronics Inc ADR, Honeywell International Inc, Haier, De'Longhi SPA, Whirlpool Corp, Munters Group AB Class B |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.5% of the global dehumidifier market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil dehumidifier market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 76.8 million by 2030.
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Dehumidifier Market Scope
Dehumidifier Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina dehumidifier market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to dehumidifier market will help companies and investors design strategic landscapes.
Desiccant was the largest segment with a revenue share of 56.76% in 2023. Horizon Databook has segmented the Argentina dehumidifier market based on refrigerative, desiccant, electronic/heat pump covering the revenue growth of each sub-segment from 2018 to 2030.
Trade agreements and foreign direct investments have further led to the growth of the economy. The country has several bilateral and multilateral trade agreements with developed economies. In July 2022, MERCOSUR, the Southern Common Market, and Singapore concluded negotiating for free trade agreement which is pending ratification.
The growing trade activity is anticipated to facilitate industrial growth. Such developments in trade activities are likely to have a positive impact on the dehumidifier market. Furthermore, growing government initiatives to facilitate industrial growth are anticipated to drive the growth of the dehumidifier market. The government announced plans to attract key players in the lithium industry.
The government has signed a memorandum of understanding (MoU) with Gangfeng Lithium, a lithium product manufacturer in May 2021 for the installation of a factory for lithium-ion battery production. Over the forecast period, such industrial initiatives are expected to boost the demand for dehumidifiers for moisture control at production facilities.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina dehumidifier market , including forecasts for subscribers. This country databook contains high-level insights into Argentina dehumidifier market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina dehumidifier market size, by technology, 2018-2030 (US$M)
Argentina Dehumidifier Market Outlook Share, 2023 & 2030 (US$M)
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