The Europe dehumidifier market size was valued at $212.2million in 2019,and is expected to reach $372.15 million by 2027,registering a CAGR of 8.9% during the forecast period. A dehumidifier is a household appliance that minimizes the level of humidity in the air. Improvement in economic condition and growth in disposable income are significant factors that propel the growth of the Europe dehumidifier market.After the 2009 economic crisis in Europe,the European economy witnessed a standstill.However,strong recovery from the crisis resulted in notable economic growth,especially in Germany,and has led to increase in disposable income among the middle-income groups,thus,acting as a major driver for the market.
Rapid growth in consumers’ consciousness toward heatlth and comfort,upsurge in real estate sector,and continuous changes in climatic conditions are projected to boost the growth of the Europe dehumidifier market.Furthermore,improvement in living standards and rise in health expenditure augment the demand for dehumidifiers in the Europe dehumidifier market.
Improvement in economic condition and surge in disposable income are significant factors that propel the growth of the Europe dehumidifier market.After the 2009 economic crisis in Europe,the european economy witness a standstill. However,strong recovery from the crisis resulted in notable economic growth,especially in Germany,and has led to increase in disposable income among the middle-income groups,thus acting as a major driver for the market.Furthermore,medium-and high-income consumers in urban areas are shifting their consumption trend from essential to premium goods&services.This trend is favoring dehumidifier manufactures to enhance their product portfolio in the residential dehumidifier segment.Thus,all these factors together are anticipated to offer potential growth opportunity for the Europe dehumidifier market during the forecast period.
Europe Dehumidifier Market Report Highlights
Segments | Sub-segments |
By Product Type |
|
By Application |
|
By Country |
|
Key Market Players | AB ELECTROLUX,DESICCANT TECHNOLOGIES GROUP,GENRAL FILTERS,INC.,MOTORS AND ARMATURES INC.(MARS),HAIER SMART HOME CO.,LTD.,LG ELECTRONICS,HONEYWELL INTERNATIONAL INC., BERLIN BRANDS GROUP.,MEACO(U.K.)LIMITED,WHIRLPOOL CORPORATION |