Dehumidifier is a household machine that reduce the level of humidity in air to recover the air quality and purity. Residential dehumidifier appliances are used for comfort and health reasons or to remove musty odor due to increased humidity in the air. Residential dehumidifiers eliminate heat from air that also removes its capability to retain humidity, and the colder exterior of the dehumidifier pulls and gathers water from the air.

Rapid growth in the real estate sector, particularly residential building construction drives the growth of the global residential dehumidifier market. Moreover, rise in awareness about health and variations in climatic conditions are the prime factors projected to push the demand for residential dehumidifiers. In addition, improving awareness about the advantages of maintaining indoor air quality at home is expected to boost the growth of the global residential dehumidifier market during the forecast years. However, the seasonality of the product and high cost of residential dehumidifiers is expected to majorly hinder the overall residential dehumidifier market in the coming years. Furthermore, better standard of living and rise in disposable income of consumers are projected to provide profitable growth opportunities to the global residential dehumidifier market.

The global residential dehumidifier market can be segmented in terms of product type, capacity, room size, application, distribution channel, and region. In terms of product type, the market can be divided into heat pumps, ventilating dehumidifiers, and chemical absorbent dehumidifiers. Based on room size, the market can be segregated into small size, medium size, and large size. Based on capacity, the market can be bifurcated into under 30 pint, 30-50 pint, and above 50 pint. In terms of application, the market can be classified into basement and single room. Based on sales channel, the market can be segregated into online sales channels and offline sales channels. The offline sales channel segment can be sub-divided into hypermarkets & supermarkets, convenience stores, independent electric stores, and department stores. The residential dehumidifier market is dominated by offline channels; however, online channels are expected to change the current purchasing scenario during the forecast period due to attractive product offers and discounts provided by manufacturers.

In terms of region, the global residential dehumidifier market can be segmented into North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA). The North America market comprises the U.S., Canada, and Rest of North America. Europe includes the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa comprises GCC, South Africa, and Rest of Middle East & Africa. South America consists of Brazil, Mexico, and Rest of South America. In 2017, the Europe and North America residential dehumidifier market dominated globally and it is expected to continue its dominance during the forecast period. Increasing investments by residential users in dehumidifiers to improve air purity and quality are anticipated to drive the residential dehumidifier market in future.

Major companies operating in the global residential dehumidifier market are Danby, Panasonic Corporation, S.A.S. Electric Co. Ltd. (Sharp), LG Electronics, Gree Electric Appliances, Inc., Mitsubishi Electric Corporation, De’Longhi Appliances S.r.l., Koninklijke Philips N.V., Hangzhou Songjing Electric Co., Ltd., Sears Brands, LLC. (Kenmore), Friedrich Air Conditioning, Sunpentown Inc., Research Products, Inc. (Aprilaire), Resideo Technologies, Inc. (Honeywell), Ebac, Ltd, Haier Group Corporation, and Midea Group. Presence of major players in the residential dehumidifier market leads to competition among the companies. In order to segregate their products from opponents, players are concentrating on add-on features and product technology that would offer extra pure air and comfort to the users.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Residential Dehumidifier Market