South and Central America Dehumidifier Market Overview and Growth by 2028
South and Central America Dehumidifier Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Heat pumps, Ventilating Dehumidifiers, and Chemical Absorbent Dehumidifiers); Application (Industrial, Commercial, and Residential)
- Status : Published
- Report Code : TIPRE00025825
- Category : Consumer Goods
- No. of Pages : 95
- Available Report Formats :
- Last update date : November 13, 2021
2021 Market Size
US$ 112.9 Mn
Base year value
2028 Forecast
US$ 166.5 Mn
Projected by 2028
CAGR 2022-2028
5.4 %
Growth rate
Addressable Market
US$ 980.74 Mn
(2022-2028)
The South and Central America dehumidifier market is expected to reach US$ 166.5 million by 2028 from US$ 112.9 million in 2021. The market is estimated to grow at a CAGR of 5.4% from 2021–2028.
The growing demand for dehumidifiers in the locations having temperatures below 30°C, such as garages, unoccupied properties, and caravans, boosts the adoption of the absorption dehumidifiers. Additionally, the growing demand for portable dehumidifiers from the residential and commercial spaces escalates the market growth. Recent developments of dehumidifier devices are equipped with digital control systems and are easy to install, access, and control, which propel the market growth for the residential segment. Moreover, various government regulations and standards, such as AHAM 7008-2018, are focusing on energy efficiency and propelling dehumidifiers use in the residential sectors. Therefore, with growing popularity of dehumidifiers in residential sectors, the scope of using same will continue to rise.
Brazil had the greatest number of cases of COVID-19, followed by Chile, Ecuador, Argentina, and Peru amongst others. In 2020, the pandemic of COVID-19 led to the disruption of numerous economic activities across the region to combat the fatal effect of the virus. Governments in South and Central America have taken an array of actions for protecting the citizens. It is anticipated that the South and Central America region will be witnessing lower export revenues, owing to the reduction in export volumes and drop in commodity prices. Brazilian government data shows that the tourism industry directly contributes approximately 3.7% of the national GDP and 3% of the total jobs in the nation. Thus with reduced number of tourists and temporary closure of hotels, demand for respective dehumidifiers also suffered proportionally. In 2021, with easing of various restrictions and limitations, the economy is slowly coming back on track. After the situation gets to normalcy, dehumidifiers market in this region is forecasted to experience notable growth.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the dehumidifier market. The South and Central America dehumidifier market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
South and Central America Dehumidifier Market Segmentation
By Type
- Heat Pumps
- Ventilating Dehumidifiers
- Chemical Absorbent Dehumidifiers
By Application
- Industrial
- Commercial
- Residential
By Country
- South and Central America
-
-
-
- Brazil
- Argentina
- Rest of South and Central America
-
-
Companies Mentioned
- Haier Group Corporation
- Electrolux AB
- LG Electronics
- Whirlpool Corporation
- De’Longhi Appliances S.r.l.
- Sunpentown International Inc.
- Munters
- Resideo Technologies, Inc.
South and Central America Dehumidifier Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 112.9 Million |
| Market Size by 2028 | US$ 166.5 Million |
| CAGR (2021 - 2028) | 5.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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