The North America Dehumidifier Market would witness market growth of 6.1% CAGR during the forecast period (2023-2030).
The market has witnessed substantial growth in recent years, driven by a combination of factors, including increased awareness of indoor air quality, rising concerns about mold and allergens, and technological advancements. Modern lifestyles, characterized by enclosed spaces and airtight buildings, can lead to increased moisture buildup. Homeowners, renters, and businesses recognize the need for these devices to counteract the effects of inadequate ventilation and high humidity.
In addition, these devices are pivotal in commercial spaces such as offices, hotels, and restaurants. In industrial settings, they control moisture during manufacturing processes and protect equipment. During construction, these devices aid in drying materials efficiently, preventing delays caused by extended drying times. These devices are instrumental in restoring normal humidity levels in restoration efforts after water damage.
The United States has a substantial chemical industry encompassing a wide range of products, from basic to specialty chemicals. Growth in this sector can increase demand for various industrial processes, some of which may require controlled humidity levels. As per the data released in 2022 by the Government of the United States, the U.S. chemical industry is a $486 billion enterprise supporting more than 25 percent of total U.S. GDP. Moreover, Canada has stringent regulations governing food safety and quality. Proper humidity control is essential to meet these regulatory standards. As per Statistics Canada, in 2022, the food and beverage processing industry was the largest manufacturing industry in Canada in terms of the value of production, with sales of goods manufactured worth $156.5 billion; it accounted for 18.2% of total manufacturing sales and 1.7% of the national Gross Domestic Product (GDP). Thus, growing chemical and food sectors in North America will help expand the regional market.
The US market dominated the North America Dehumidifier Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $911.4 Million by 2030. The Canada market is experiencing a CAGR of 8.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.6% during (2023 - 2030).
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
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