Mexico Dehumidifier Market Size & Outlook, 2023-2030
Mexico dehumidifier market, 2018-2030 (US$M)
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Mexico dehumidifier market highlights
- The Mexico dehumidifier market generated a revenue of USD 77.9 million in 2023 and is expected to reach USD 131.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.8% 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 77.9 million |
| Market revenue in 2030 | USD 131.5 million |
| Growth rate | 7.8% (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, Mexico accounted for 2.4% 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 |
|---|
Mexico 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 Mexico 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 Mexico dropped by 8.24 % in 2020. This decline was caused by the nationwide lockdown imposed in the country in 2020 to limit the spread of COVID-19.
An increase in consumer awareness regarding indoor air quality, the prevalence of airborne diseases, and a surge in death rates due to respiratory disease have led to increased adoption of dehumidifiers at residential and commercial spaces in Mexico to invest in technologies that lower their pollution levels.
According to a 2020 report by the National Institute of Geography and Statistics (INEGI) of Mexico, approximately 187,347 economic units are under the industrial classification of food and beverage production and processing units.
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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 country-level data and insights on the Mexico dehumidifier market , including forecasts for subscribers. This country databook contains high-level insights into Mexico dehumidifier market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico dehumidifier market size, by technology, 2018-2030 (US$M)
Mexico Dehumidifier Market Outlook Share, 2023 & 2030 (US$M)
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