India Dehumidifier Market Size & Outlook, 2023-2030
India dehumidifier market, 2018-2030 (US$M)
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India dehumidifier market highlights
- The India dehumidifier market generated a revenue of USD 177.8 million in 2023 and is expected to reach USD 303.8 million by 2030.
- The India market is expected to grow at a CAGR of 8% 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 177.8 million |
| Market revenue in 2030 | USD 303.8 million |
| Growth rate | 8% (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, India accounted for 5.6% 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 |
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India 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 57.26% in 2023. Horizon Databook has segmented the India dehumidifier market based on refrigerative, desiccant, electronic/heat pump covering the revenue growth of each sub-segment from 2018 to 2030.
Additionally, the growing health awareness and rising standard of living in metro cities is likely to drive the demand for dehumidifiers to keep indoor moisture levels within the desirable range. The rising air pollution and changes in weather have created the risk of asthma triggered by particulate matter.
In addition, the rising health expenditure is expected to boost the demand for dehumidifiers over the forecast period. According to the Central and State Government, the health budget in the financial year 2022–21 increased by 1.6%.
The rising foreign direct investments in the industrial sector in India is rising owing to favorable economic conditions. For instance, in September 2022, Vedanta announced its first chip factory in Gujarat with a total investment of USD 20 billion.
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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 India dehumidifier market , including forecasts for subscribers. This country databook contains high-level insights into India dehumidifier market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India dehumidifier market size, by technology, 2018-2030 (US$M)
India Dehumidifier Market Outlook Share, 2023 & 2030 (US$M)
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