LAMEA Dehumidifier Market

LAMEA Dehumidifier Market Size, Share & Trends Analysis Report By Type (Chemical Absorbent, Refrigerant, and Heat Pumps), By Application, By Industrial Type, By Product (Fixed, and Portable), By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-19927 Publication Date: February-2024 Number of Pages: 99
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Market Report Description

The Latin America, Middle East and Africa Dehumidifier Market would witness market growth of 9.2% CAGR during the forecast period (2023-2030).

Compact and portable devices are in demand, particularly for smaller living spaces. The market has responded with innovative designs prioritizing space efficiency without compromising performance. Compact devices are often more affordable than larger, more powerful models. This affordability makes them an attractive option for budget-conscious consumers looking to address localized humidity issues in specific areas of their homes. Despite their smaller size, compact devices are designed to effectively remove excess moisture from the air.

Moreover, desiccant devices, which use desiccant materials like silica gel, have gained attention for their efficiency in low-temperature environments. These models are well-suited for applications where compressor-based devices may be less effective. Desiccant devices do not rely on compressors, which typically generate noise in traditional models. This absence of a compressor makes desiccant devices quieter during operation, making them suitable for use in bedrooms, offices, or other quiet spaces.

As per the Agencia de Noticias of the Government of Brazil, in 2021, the construction industry produced value-added services amounting to R$377.8 billion, of which R$22.0 billion was comprised of developments, works, and services (or 5.8%). Moreover, according to the Dubai Statistics Center, the number of buildings under construction in Dubai in 2022 was 13,236; of these, 1,941 were completed. As a result of accelerated urbanization, the demand for housing, commercial space, and public amenities has increased. Thus, with the increasing construction industry in the LAMEA region, there will be a rise in demand for these devices in the region.

The Brazil market dominated the LAMEA Dehumidifier Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $77 Million by 2030. The Argentina market is showcasing a CAGR of 9.7% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.8% during (2023 - 2030).

Free Valuable Insights: The Worldwide Dehumidifier Market is Projected to reach USD 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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List of Key Companies Profiled

  • AB Electrolux
  • Honeywell International, Inc.
  • LG Electronics, Inc. (LG Corporation)
  • Sunpentown, Inc.
  • Therma-Stor LLC
  • Whirlpool Corporation
  • Condair Group AG
  • Munters Group AB
  • Bry-Air (Asia) Pvt Ltd (Pahwa Group)

LAMEA Dehumidifier Market Report Segmentation

By Type

  • Chemical Absorbent
  • Refrigerant
  • Heat Pumps

By Application

  • Industrial
    • Food & Beverage Industry
    • Cold Storage
    • Construction
    • Others
  • Commercial
  • Residential

By Product

  • Fixed
  • Portable

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
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