Germany Dehumidifier Market Size & Outlook, 2023-2030
Germany dehumidifier market, 2018-2030 (US$M)
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Germany dehumidifier market highlights
- The Germany dehumidifier market generated a revenue of USD 231.6 million in 2023 and is expected to reach USD 379.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.3% 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 231.6 million |
| Market revenue in 2030 | USD 379.0 million |
| Growth rate | 7.3% (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, Germany accounted for 7.3% 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 Europe, Germany dehumidifier market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 379.0 million by 2030.
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Dehumidifier Market Scope
Dehumidifier Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 55.74% in 2023. Horizon Databook has segmented the Germany dehumidifier market based on refrigerative, desiccant, electronic/heat pump covering the revenue growth of each sub-segment from 2018 to 2030.
Rising inflation has diminished the purchasing power of households, thus, impeding the recovery of private consumption. In 2021, the German economy struggled to achieve a growth rate of 2% due to global supply bottlenecks in intermediate items, which prevented the local sector from accelerating despite healthy domestic and foreign demand.
In addition, geopolitical and policy uncertainty may delay the nation’s return to pre-crisis economic growth trends. Among them are the rising interest rates in the U.S. and Europe, as well as continuous supply chain challenges in Germany, which have resulted in the lack of metals, stainless steel, and other raw materials. This is expected to have a significant effect on the dehumidifier market.
A number of direct and indirect forces are to blame for the rise in the construction industry and investment portfolio, which, despite the short-term disruption caused by the pandemic, will continue to bring development for the sector in the foreseeable future.
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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 Germany dehumidifier market , including forecasts for subscribers. This country databook contains high-level insights into Germany dehumidifier market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany dehumidifier market size, by technology, 2018-2030 (US$M)
Germany Dehumidifier Market Outlook Share, 2023 & 2030 (US$M)
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