Canada Dehumidifier Market Size & Outlook, 2023-2030
Canada dehumidifier market, 2018-2030 (US$M)
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Canada dehumidifier market highlights
- The Canada dehumidifier market generated a revenue of USD 60.7 million in 2023 and is expected to reach USD 100.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.4% 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 60.7 million |
| Market revenue in 2030 | USD 100.0 million |
| Growth rate | 7.4% (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, Canada accounted for 1.9% 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 North America, U.S. dehumidifier market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 131.5 million by 2030.
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Dehumidifier Market Scope
Dehumidifier Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 55.52% in 2023. Horizon Databook has segmented the Canada dehumidifier market based on refrigerative, desiccant, electronic/heat pump covering the revenue growth of each sub-segment from 2018 to 2030.
According to the World Economic Outlook of the International Monetary Fund (IMF), the GDP growth rate of Canada was 4.6% in 2021 owing to the improved trade terms with trade partners. As per the Business Development Bank of Canada, the economy of the country grew moderately in 2021 at a rate of 4.5% owing to the widespread administering of the COVID-19 vaccine in Canada.
The reopening of the U.S. economy had a positive impact on the economy of Canada owing to the surging exchange of goods and services between both countries.
Under the U.S.-Mexico-Canada Agreement (USMCA) and the Comprehensive Economic and Trade Agreement (CETA), Canada has preferential access to the markets in North America and Europe.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada dehumidifier market , including forecasts for subscribers. This country databook contains high-level insights into Canada dehumidifier market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada dehumidifier market size, by technology, 2018-2030 (US$M)
Canada Dehumidifier Market Outlook Share, 2023 & 2030 (US$M)
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