Asia Pacific Dehumidifier Market Size & Outlook, 2023-2030
Asia Pacific dehumidifier market, 2018-2030 (US$M)
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Asia Pacific dehumidifier market highlights
- The Asia Pacific dehumidifier market generated a revenue of USD 738.8 million in 2023.
- The market is expected to grow at a CAGR of 7.6% 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.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 738.8 million |
| Market revenue in 2030 | USD 1,233.6 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Desiccant |
| Fastest growing segment | Desiccant |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 23.2% of the global dehumidifier market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,233.6 million by 2030.
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Dehumidifier Market Scope
Dehumidifier Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 56.92% in 2023. Horizon Databook has segmented the Asia Pacific dehumidifier market based on refrigerative, desiccant, electronic/heat pump covering the revenue growth of each sub-segment from 2018 to 2030.
The worsening trade tensions between the U.S. and China and bilateral relationship between South Korea and Japan are anticipated to impact the overall economic growth of APAC. The growing manufacturing sector in emerging economies, especially China, Japan, and India, is positively impacting the growth of the dehumidifier market.
Asia Pacific’s dehumidifier market is expected to grow significantly over the forecast period owing to the increased construction activity in India and China. Furthermore, the rising demand for smart buildings, growing awareness about air quality, and increased consumer disposable income is likely to have a positive impact on the market growth over the forecast period.
Rising industrial output in the region is also expected to fuel market growth. Semiconductor’s demand across the world is rising owing to the increasing consumer spending on electronic devices. This has led to the expansion of Asian semiconductor manufacturing industry.
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Target buyers of Asia Pacific dehumidifier market databook
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Our clientele includes a mix of dehumidifier market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific dehumidifier market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific dehumidifier market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific dehumidifier market size, by country, 2018-2030 (US$M)
Asia Pacific Dehumidifier Market Outlook Share, 2023 & 2030 (US$M)
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