North America Dehumidifier Market Size & Outlook
North America dehumidifier market, 2018-2030 (US$M)
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North America dehumidifier market highlights
- The North America dehumidifier market generated a revenue of USD 1,158.3 million in 2023.
- The market is expected to grow at a CAGR of 6.9% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,158.3 million |
| Market revenue in 2030 | USD 1,851.7 million |
| Growth rate | 6.9% (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, North America region accounted for 36.3% 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 |
|---|
North 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 56.35% in 2023. Horizon Databook has segmented the North America 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 North America was 5.6% in 2021, supported by increased consumer spending on goods and consumer products owing to elevated price pressure.
North America comprises the U.S., Mexico, and Canada which have significant and complex economic systems. The region is the largest and most influential economy globally. North America witnesses significant growth owing to stable industrial dynamics and raw material commodity abundance in its countries.
The graph above represents the personal consumption expenditure related to durable goods, including motor vehicles & their parts, recreational goods & vehicles, furnishings & durable household equipment, etc. in the U.S. This expenditure in the country increased from 2010 to 2019 owing to increased consumer disposable income.
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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 continent-level data and insights on the North America dehumidifier market , including forecasts for subscribers. This continent databook contains high-level insights into North America dehumidifier market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America dehumidifier market size, by country, 2018-2030 (US$M)
North America Dehumidifier Market Outlook Share, 2023 & 2030 (US$M)
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