Latin America Dehumidifier Market Size & Outlook
Latin America dehumidifier market, 2018-2030 (US$M)
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Latin America dehumidifier market highlights
- The Latin America dehumidifier market generated a revenue of USD 221.3 million in 2023.
- The market is expected to grow at a CAGR of 6.5% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 221.3 million |
| Market revenue in 2030 | USD 344.2 million |
| Growth rate | 6.5% (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, Latin America region accounted for 6.9% 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 |
|---|
Latin America 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 57.12% in 2023. Horizon Databook has segmented the Latin America dehumidifier market based on refrigerative, desiccant, electronic/heat pump covering the revenue growth of each sub-segment from 2018 to 2030.
Central and South America’s economy stayed resilient in the last year, 2022 amid the global tensions due to the Russia-Ukraine war and high interest rates. The regional economy expanded by 4% according to the International Monetary Fund.
Along with growth in the mining industry, increasing foreign direct investment and rising trade activities with other developed economies are likely to impact the growth of the dehumidifier market over the forecast period.
Other prominent industries are chemicals and petroleum industries, which account for one-fourth of the total industrial output. Brazil has emerged as the industrial giant with the major manufacturing facilities. Other prominent countries include Argentina, Chile, and Venezuela.
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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 Latin America dehumidifier market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America dehumidifier market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America dehumidifier market size, by country, 2018-2030 (US$M)
Latin America Dehumidifier Market Outlook Share, 2023 & 2030 (US$M)
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