The Asia Pacific Dehumidifier Market would witness market growth of 7.6% CAGR during the forecast period (2023-2030).
Smart dehumidifiers often come with sensors that continuously monitor the humidity levels in the environment. Users can access real-time data through the mobile app, enabling them to stay informed about the conditions in their homes or designated spaces. Users can set up schedules for their smart dehumidifiers through the mobile app. This feature allows for automated operation based on specific times of the day or week. For instance, the dehumidifier can be programmed to operate more intensively during periods of higher humidity or when the space is typically occupied.
Furthermore, the market has witnessed the emergence of hybrid dehumidifiers that combine dehumidification with other functions, such as air purification or heating. Multi-functional models appeal to consumers seeking versatile solutions. Some hybrid dehumidifiers come equipped with heating elements. This feature is especially beneficial in colder climates or during seasons when additional heating is required. By combining dehumidification and heating functions, these models offer a comprehensive solution for maintaining a comfortable and healthy indoor environment.
As per the data from Invest India, the market size of India's chemicals and petrochemicals sector is around $215 Bn and is expected to grow to $300 Bn by 2025. Exports of chemicals and chemical products (excluding pharmaceutical products and fertilizers) contributed 11.7% of total exports in 2021-22 compared to 12.9% in 2020-21. It contributed 10.8% of total exports in the 2022-23 year. Moreover, as per the State Council of China, in the first half of 2022, retail sales of grain, oil, and food hit 903.18 billion yuan (about $133.76 billion), up 9.9 percent year-on-year. The value-added industrial output of the agricultural and sideline food processing sector rose 3.3 percent year-on-year in the period, while that of the food manufacturing sector climbed 4.1 percent year-on-year. Therefore, rising chemical and food industries in the Asia Pacific will pose lucrative growth prospects for the regional dehumidifier market.
The China market dominated the Asia Pacific Dehumidifier Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $304.5 Million by 2030. The Japan market is registering a CAGR of 6.9% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 8.3% during (2023 - 2030).
Free Valuable Insights: The Global Dehumidifier Market is Predict to reach $3.8 Billion by 2030, at a CAGR of 6.9%
Based on Type, the market is segmented into Chemical Absorbent, Refrigerant, and Heat Pumps. Based on Application, the market is segmented into Industrial, Commercial, and Residential. Based on Industrial Type, the market is segmented into Food & Beverage Industry, Cold Storage, Construction, and Others. Based on Product, the market is segmented into Fixed, and Portable. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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