Europe Dehumidifier Market Size & Outlook, 2023-2030
Europe dehumidifier market, 2018-2030 (US$M)
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Europe dehumidifier market highlights
- The Europe dehumidifier market generated a revenue of USD 916.7 million in 2023.
- The market is expected to grow at a CAGR of 6.7% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 916.7 million |
| Market revenue in 2030 | USD 1,446.5 million |
| Growth rate | 6.7% (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, Europe region accounted for 28.7% 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 |
|---|
Europe 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 55.94% in 2023. Horizon Databook has segmented the Europe dehumidifier market based on refrigerative, desiccant, electronic/heat pump covering the revenue growth of each sub-segment from 2018 to 2030.
According to Eurostat, the European Union’s gross domestic product increased by 5.4% in 2021. According to the OECD, the GDP is expected to increase by 2.6% in 2022 and by 1.6% in 2023. In the first half of 2022, the war in Ukraine and the lockdown in China considerably impacted growth.
The Russia-Ukraine war has impacted the EU economy directly and indirectly, putting it on a path of slower development and greater inflation. Supportive policies, strong growth in wages, and continuous employment creation are some of the factors contributing to the region’s economic growth.
In addition, public investment, notably in digital and transport infrastructure, is further anticipated to positively impact economic growth. Private investments, especially in the construction sector, are expected to drive the region’s economic growth.
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Our clientele includes a mix of dehumidifier market companies, investment firms, advisory firms & academic institutions.
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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 Europe dehumidifier market , including forecasts for subscribers. This continent databook contains high-level insights into Europe dehumidifier market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe dehumidifier market size, by country, 2018-2030 (US$M)
Europe Dehumidifier Market Outlook Share, 2023 & 2030 (US$M)
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