South Korea Dehumidifier Market Size & Outlook, 2023-2030
South Korea dehumidifier market, 2018-2030 (US$M)
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South Korea dehumidifier market highlights
- The South Korea dehumidifier market generated a revenue of USD 39.2 million in 2023 and is expected to reach USD 64.1 million by 2030.
- The South Korea 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 39.2 million |
| Market revenue in 2030 | USD 64.1 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, South Korea accounted for 1.2% 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 |
|---|
South Korea 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 55.61% in 2023. Horizon Databook has segmented the South Korea dehumidifier market based on refrigerative, desiccant, electronic/heat pump covering the revenue growth of each sub-segment from 2018 to 2030.
The economy is extensively dependent on manufacturing, service, retail, and real estate industries. Industrial production in the country is increasing every month according to Moody’s Analytics, Inc. after experiencing a decline due to the sluggish performance of automobile and electric components.
Furthermore, rising investment in the semiconductor industry to meet the growing demand for electronics worldwide is anticipated to fuel the dehumidifiers market. For instance, according to the SEMI (Semiconductor Equipment and Materials Institute), South Korea is likely to increase its investment in chip fabrication equipment by 41.5%.
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Target buyers of South Korea dehumidifier market databook
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Our clientele includes a mix of dehumidifier market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea dehumidifier market , including forecasts for subscribers. This country databook contains high-level insights into South Korea dehumidifier market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea dehumidifier market size, by technology, 2018-2030 (US$M)
South Korea Dehumidifier Market Outlook Share, 2023 & 2030 (US$M)
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