Australia Dehumidifier Market Size & Outlook, 2023-2030
Australia dehumidifier market, 2018-2030 (US$M)
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Australia dehumidifier market highlights
- The Australia dehumidifier market generated a revenue of USD 22.8 million in 2023 and is expected to reach USD 36.4 million by 2030.
- The Australia 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 22.8 million |
| Market revenue in 2030 | USD 36.4 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, Australia accounted for 0.7% 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 Asia Pacific, China dehumidifier market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 303.8 million by 2030.
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Dehumidifier Market Scope
Dehumidifier Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 55.7% in 2023. Horizon Databook has segmented the Australia dehumidifier market based on refrigerative, desiccant, electronic/heat pump covering the revenue growth of each sub-segment from 2018 to 2030.
Rising industrial output, construction, hospitality, and healthcare industry are expected to contribute to the growing demand for dehumidifiers to control relative humidity. According to Australian Construction Industry Forum (ACIF), the construction industry is expected to record a growth rate of 2.4% from 2020 to 2025.
The government is investing USD 650 million in the Waterloo Metro Quarter Development project, which aims to build commercial, residential, and accommodation facilities in Australia. The growing demand for fitness and wellness centers in Australia are expected to drive the growth of the dehumidifier over the forecast period.
According to recent statistics by Fitness Australia, Australians spend USD 8.5 billion on fitness every year. This fitness expenditure is anticipated to further rise as a result of COVID-19’s impact on increased health consciousness.
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Our clientele includes a mix of dehumidifier market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia dehumidifier market , including forecasts for subscribers. This country databook contains high-level insights into Australia dehumidifier market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia dehumidifier market size, by technology, 2018-2030 (US$M)
Australia Dehumidifier Market Outlook Share, 2023 & 2030 (US$M)
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