The Asia Pacific dehumidifier market is expected to reach US$ 1,500.2 million by 2028 from US$ 852.2 million in 2021. The market is estimated to grow at a CAGR of 8.4% from 2021–2028.
Dehumidifiers are widely used in manufacturing, pharmaceuticals plants, food processing units, and automotive factories. These industries need sufficient heat during the production process. The government agencies are directed to use energy-efficient systems. Therefore, these regions have become mature and well-recognized for using dehumidifiers. Companies such as Munters, Bry-Air, Condair, Origin Corp, Hygro Tech Engineers, Berg Chilling Systems Inc., and Hitachi are providing dehumidifiers for the industrial sector. Growing manufacturing industries, such as automotive, aerospace, pharmaceutical, and food processing are projected to create lucrative business opportunities for dehumidifier producers to address the requirement of these countries in the coming years. Additionally, demand for desiccant dehumidifier is majorly suitable for diverse air and gas dehumidification tasks in industrial, utility, and haulage companies. To secure products and production processes, advanced products such as industrial dehumidifiers are getting used. Value retention of machines, and inventory and buildings; constant protection against corrosion, mould formation and condensation are some mandatory aspects which are considered in industries for product efficiency. This aspect is creating demand for desiccant dehumidifiers in the industrial sectors, which would create wide opportunities of the dehumidifier market during the forecast period.
Barring few developed countries, Asia Pacific region is still considered to be in developing state. These developing countries do not have required health infrastructure and this led to the increase in the count of recorded cases in 2020. As per the Organization for Economic Co-operation and Development (OECD), the pandemic has affected significant economies such as Australia, India and Japan. Due to inadequate health and medicine facilities, government authorities had to impose restrictions of limited workforce at production sites. Also in some countries, transport of non-essential goods was restricted. Also, as per the Purchasing Managers' Index surveys, manufacturing indices in Indonesia, Vietnam, and the Philippines also fell considerably. Due to restriction of movement from one place to another, many companies gave work from home. Owing to this, demand for residential dehumidifiers is expected to have increased respectively. In 2021, with increasing vaccinations and easing of restrictive measures, various industries have started their operations. Post pandemic, Asia Pacific dehumidifiers market is anticipated to grow promisingly.
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 Asia Pacific dehumidifier market is expected to grow at a good CAGR during the forecast period.
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Asia Pacific Dehumidifier Market Segmentation
By Type
- Heat Pumps
- Ventilating Dehumidifiers
- Chemical Absorbent Dehumidifiers
By Application
- Industrial
- Commercial
- Residential
By Country
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
Companies Mentioned
- Haier Group Corporation
- Electrolux AB
- LG Electronics
- Whirlpool Corporation
- De’Longhi Appliances S.r.l.
- Sunpentown International Inc.
- Munters
- Resideo Technologies, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Dehumidifier Market – By Type
1.3.2 Asia Pacific Dehumidifier Market – By Application
1.3.3 Asia Pacific Dehumidifier market – By Country
2. Asia Pacific Dehumidifier Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Dehumidifier Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Expert Opinions
4.4 Ecosystem Analysis
5. Asia Pacific Dehumidifier Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of Dehumidifiers in Commercial Space and Residential Sector
5.1.2 Rapid urbanization and growing disposable income
5.2 Market Restraints
5.2.1 High Installation Costs and High Energy Consumption by Dehumidifier
5.3 Market Opportunity
5.3.1 Growing Demand for Industrial Dehumidifiers
5.4 Market Trend
5.4.1 Emergence of Sophisticated Dehumidifier
5.5 Impact Analysis
6. Asia Pacific Dehumidifier Market – Regional Analysis
6.1 Asia Pacific Dehumidifier Market Revenue Forecast And Analysis
7. Asia Pacific Dehumidifier Market Analysis – By Type
7.1 Overview
7.2 Dehumidifier Market Breakdown, By Type (2020 and 2028)
7.3 Heat Pump
7.3.1 Overview
7.3.2 Heat Pump: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)
7.4 Ventilating Dehumidifier
7.4.1 Overview
7.4.2 Ventilating Dehumidifier: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)
7.5 Chemical Absorbent Dehumidifiers
7.5.1 Overview
7.5.2 Chemical Absorbent Dehumidifiers: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Dehumidifier Market Analysis – By Application
8.1 Overview
8.2 Dehumidifier Market Breakdown, By Application (2020 and 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)
8.5 Industrial
8.5.1 Overview
8.5.2 Industrial: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Dehumidifier Market – Geographic Analysis
9.1 Asia Pacific: Dehumidifier Market
9.1.1 Overview
9.1.2 Asia Pacific Dehumidifier Market Revenue and Forecasts to 2028, By Country (%)
9.1.2.1 Australia: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.1 Australia: Dehumidifier Market, by Type
9.1.2.1.2 Australia: Dehumidifier Market, By Application
9.1.2.2 China: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.1 China: Dehumidifier Market, by Type
9.1.2.2.2 China: Dehumidifier Market, By Application
9.1.2.3 India: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.1 India: Dehumidifier Market, by Type
9.1.2.3.2 India: Dehumidifier Market, By Application
9.1.2.4 Japan: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.4.1 Japan: Dehumidifier Market, by Type
9.1.2.4.2 Japan: Dehumidifier Market, By Application
9.1.2.5 South Korea: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.5.1 South Korea: Dehumidifier Market, by Type
9.1.2.5.2 South Korea: Dehumidifier Market, By Application
9.1.2.6 Rest of Asia Pacific: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.6.1 Rest of Asia Pacific: Dehumidifier Market, by Type
9.1.2.6.2 Rest of Asia Pacific: Dehumidifier Market, By Application
10. Impact of COVID-19 Pandemic on Asia Pacific Dehumidifier Market
10.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11. Asia Pacific Dehumidifier Market – Industry Landscape
11.1 Overview
11.2 New Development
12. Company Profiles
12.1 Haier Group Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Electrolux AB
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 LG Electronics
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Whirlpool Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 De’Longhi Appliances S.r.l.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Sunpentown International Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Munters
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Resideo Technologies, Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Australia: Dehumidifier Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia: Dehumidifier Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 3. China: Dehumidifier Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Dehumidifier Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. India: Dehumidifier Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. India: Dehumidifier Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Japan: Dehumidifier Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan: Dehumidifier Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. South Korea: Dehumidifier Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea: Dehumidifier Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of Asia Pacific: Dehumidifier Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Asia Pacific: Dehumidifier Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Glossary of Terms, Asia Pacific Dehumidifier Market
LIST OF FIGURES
Figure 1. Asia Pacific Dehumidifier Market Segmentation
Figure 2. Asia Pacific Dehumidifier Market Overview
Figure 3. Chemical Absorbent Dehumidifiers Segment Held Largest Share of Type of Asia Pacific Dehumidifier Market
Figure 4. Asia Pacific Dehumidifier Market – Leading Country Markets (US$ Million)
Figure 5. Asia Pacific PEST Analysis
Figure 6. Dehumidifier Market – Ecosystem Analysis
Figure 7. Asia Pacific Dehumidifier Market Impact Analysis of Drivers and Restraints
Figure 8. Asia Pacific Dehumidifier Market – Revenue Forecast And Analysis – 2020- 2028
Figure 9. Dehumidifier Market Breakdown, By Type (2020 and 2028)
Figure 10. Heat Pump: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)
Figure 11. Ventilating Dehumidifier: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Chemical Absorbent Dehumidifiers: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Dehumidifier Market Breakdown, By Application (2020 and 2028)
Figure 14. Residential: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Commercial: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Industrial: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Asia Pacific: Dehumidifier Market, by Key Country – Revenue (2021) (USD Million)
Figure 18. Asia Pacific Dehumidifier Market Revenue and Forecasts to 2028, By Country (%)
Figure 19. Australia: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. China: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. India: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Japan: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. South Korea: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Rest of Asia Pacific: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Impact of COVID-19 Pandemic on Asia Pacific Dehumidifier Market
- Haier Group Corporation
- Electrolux AB
- LG Electronics
- Whirlpool Corporation
- De’Longhi Appliances S.r.l.
- Sunpentown International Inc.
- Munters
- Resideo Technologies, Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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