A three-pronged approach was followed for deducing the dehumidifier market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for dehumidifier market to gather the most reliable and current information possible.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of dehumidifier market data depending on the type of information we’re trying to uncover in our research.
Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
The dehumidifier market was categorized into four segments, namely technology (Refrigerative Dehumidifier, Desiccant Dehumidifier, Electronic/Heat Pump Dehumidifier), product (Portable Dehumidifier, Fixed Dehumidifier), application (Residential, Commercial, Industrial), and region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).
The dehumidifier market was segmented into technology, product, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.
Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.
The dehumidifier market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into seventeen countries, namely, the U.S., Canada, Mexico, the UK, Germany, France, Italy, Spain, China, India, Japan, Australia, South Korea, Brazil, Argentina, Saudi Arabia, South Africa.
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
The dehumidifier market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
LG Electronics, Inc. – LG Electronics, Inc. is a South Korean multinational corporation that specializes in manufacturing home appliances, consumer electronics, and mobile communications. The company operates through four business units: Mobile Communications, Home Entertainment, Home Appliance & Air Solutions, and Vehicle Components. The Home Appliance & Air Solutions business unit produces and sells air conditioners, vacuum cleaners, refrigerators, and washing machines for both residential and commercial use.
Honeywell International Inc. - Honeywell International Inc. functions through four primary business segments: aerospace, performance materials and technologies, Honeywell Building Technologies, and safety and productivity solutions. The Honeywell Building Technologies division is dedicated to providing building occupants and owners with comprehensive solutions aimed at ensuring the safety, security, productivity, and energy efficiency of their facilities. Within this business segment, Honeywell offers a range of dehumidifier products. The company's distribution network includes distributors, wholesalers, retailers, and various e-commerce platforms. Honeywell's aerospace division focuses on aviation solutions, while the performance materials and technologies segment addresses advanced materials and process technologies. The safety and productivity solutions business segment concentrates on enhancing workplace safety and operational efficiency through innovative products and technologies. Utilizing a diverse distribution network, Honeywell sells and distributes its products to reach a wide audience. By leveraging the strengths of each business segment, Honeywell strives to deliver integrated solutions that meet the diverse needs of its customers in various industries. This strategic approach underscores Honeywell's commitment to excellence in providing solutions that span aerospace, materials technology, building technologies, and safety and productivity.
GE Appliances, a Haier Company - GE Appliances, a subsidiary of Haier Company, specializes in the manufacturing and distribution of a diverse range of household equipment. The company markets its products under prominent brand names such as GE Profile, GE, Haier, Monogram, Café, and Hotpoint. Offering a comprehensive product portfolio, GE Appliances provides dishwashers, refrigerators, dryers, washers, freezers, cooking products, water filtration systems, air conditioners, small appliances, and water heaters. Noteworthy innovations from the company include the ultra-fresh front load washer, multi-door refrigerators, advanced cooking technology, the SmartHQ platform, and the kitchen hub. Operating as a subsidiary of the Haier Group, GE Appliances has established research and development facilities in the United States, South Korea, China, and India. The company's presence extends to Georgia, with an expansion that encompasses additional production facilities in Tennessee, South Carolina, and Alabama, along with supporting operations in 46 U.S. states. Committed to delivering cutting-edge solutions, GE Appliances continues to be a key player in the household equipment industry under the global umbrella of the Haier Company.
De’Longhi Appliances S.r.l. - The company specializes in the design, manufacturing, and distribution of home appliances, with a business focus on coffee, cooking, and air conditioning & home care. Its product offerings are marketed under five distinct brands: De’Longhi, Kenwood, Braun, NutriBullet, and Ariete. Under the De’Longhi brand, the company manufactures and sells a diverse range of products including coffee machines, kitchen appliances, air conditioning units, portable heating devices, and air treatment solutions. Among its offerings are dehumidifiers designed for residential use. The company provides customized dehumidifier products with a capacity of up to 25 liters per day, offering superior dehumidifying performance. These products feature optimized air-flow distribution, ensuring laundry dries 50% faster than natural drying. To enhance user experience, the company offers the DE’LONGHI Comfort app, enabling customers to adjust settings and choose different functions conveniently. The De’Longhi dehumidifiers have received certification from the Allergy Standard Foundation, underscoring their suitability for allergy-sensitive individuals. The company's filters, equipped with 4-Action Filters, effectively remove 99.96% of airborne particles, further contributing to the overall air quality provided by its home care solutions.
Bry-Air Inc. - Bry-Air is a leading provider of advanced solutions in high-temperature waste heat recovery, specializing in plastics, drying and conveying, gas phase filtration, dehumidifiers, dry room technology, and energy-efficient cooling utilizing waste heat. The company has established subsidiaries in key locations, including Nigeria, Switzerland, China, Brazil, and Malaysia, along with an associate plant in the United States. Maintaining a commitment to quality and environmental standards, Bry-Air holds ISO 9001:2015 and ISO 14001:2015 certifications. The company's expertise lies in desiccant-based tailored dehumidification systems, particularly well-suited for demanding applications in industries such as lithium battery manufacturing, pharmaceuticals, food processing, semiconductors, electronics, turbine storage, and cold storage. With a global presence and a diverse range of solutions, Bry-Air is positioned as an industry leader in providing effective waste heat recovery and humidity control systems for critical applications across various sectors.
Danby Products Ltd - Danby Products Ltd provides various products such as dehumidifiers, air purifiers, ductless split systems, heaters & fireplaces, humidifiers, packaged terminal air conditioners, portable air conditioners, window air conditioners.
Whirlpool Corporation - Whirlpool Corporation, a prominent manufacturer of home appliances, has established its presence in 15 countries, offering a diverse range of products through two global brands: Whirlpool and KitchenAid. In addition to these global brands, the company markets its products under local brands such as Maytag, Consul, Brastemp, Hotpoint, Bauknecht, and Indesit. Key product categories from Whirlpool Corporation include refrigerators & freezers, laundry appliances, cooking appliances, mixers, dishwashers, and various other domestic appliances. The company operates and distributes its products across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). Whirlpool Corporation holds trademarks such as Whirlpool, Jenn-Air, KitchenAid, Amana, Maytag, and Acros for its North American product offerings. In Latin America, the company uses trademarks like Whirlpool, Consul, KitchenAid, and Brastemp. The Asia Pacific region features products under the Royalstar and Whirlpool trademarks. In Europe and MEA, the company's offerings include brands such as Whirlpool, KitchenAid, Indesit, Hotpoint, Hotpoint-Ariston, Bauknecht, and Ignis. Competitors in the dehumidifier market for Whirlpool Corporation include Electrolux, Haier, Kenmore, LG Electronics, Midea, and Panasonic, among others. The company continues to be a key player in the global home appliances industry with its extensive product portfolio and widespread international presence.
Munters Group - Munters is a provider of energy-efficient air treatment and climate solutions, catering to a diverse range of sectors, including pharmaceuticals and food & beverage industries. The company operates through four business units: Air Treatment, Data Centers, AgHort, and Mist Elimination. Munters specializes in industrial dehumidification solutions, addressing various applications and markets. The company's industrial and commercial dehumidifiers find application in diverse areas such as pharmaceuticals, equipment preservation, food industry, lithium-ion battery production, materials handling, and more. With a global footprint, Munters boasts 18 manufacturing plants, 55 sales and service centers, and 6 assembly hubs. Holding 212 patents, the company continues to innovate, expecting to secure an additional 50 patents for technological advancements in its products. Munters sources components, raw materials, and finished products globally, maintaining a supply chain that involves approximately 2,000 suppliers across 28 countries. As of December 2021, the company employed 3,350 personnel and operated over 30 manufacturing and sales facilities worldwide. Munters' commitment to energy-efficient solutions and technological innovation positions it as a key player in the air treatment and climate solutions industry.
STULZ Air Technology Systems, Inc. - STULZ specializes in manufacturing highly energy-efficient temperature and humidity control equipment for commercial and industrial applications, as well as providing cooling solutions and services. The company's product line includes ultrasonic humidifiers, precision air handlers, desiccant dehumidifiers, air conditioners, and custom solutions designed specifically for commercial, industrial, and mission-critical applications. Tailoring its products to meet the unique needs and preferences of each region's customers, STULZ Group operates globally with subsidiaries in 17 countries and seven production facilities located in the U.S., Europe, India, and China. The company's expansive facility covers 218,000 square feet of manufacturing and office space. STULZ USA, as part of the larger STULZ family, operates with two major divisions, numerous production facilities, and a vast network of sales and service partners worldwide. Holding ISO 9001 certification, STULZ emphasizes quality management in its operations. The company's global presence extends to 140 countries, employing approximately 5,300 personnel globally. With a commitment to energy efficiency and tailored solutions, STULZ continues to be a key player in the field of temperature and humidity control equipment on a global scale.
CondAir Group - The company specializes in the manufacturing of commercial and industrial air humidification and evaporative cooling systems. Its expertise encompasses isothermal humidification (vaporization), adiabatic humidification, evaporative cooling (evaporation and atomization), water treatment, air dehumidification, drying, full-service rental systems, and residential humidification. In 2015, the company underwent restructuring, forming an international group with production sites in Europe, North America, and Asia, and establishing 15 proprietary sales organizations in Germany, Canada, Belgium, Austria, the U.S., Switzerland, France, Spain, the UK, Ireland, the Netherlands, Denmark, Sweden, Hungary, and China. Further expansion in 2016 included the acquisition of Lufta s.r.l., enhancing the company's presence in Italy. It caters to a diverse range of applications, serving industries such as automotive, pharmaceuticals, paper and pulp, printing, meat processing, bakeries, water stations, and storage rooms for industrial/commercial humidification and dehumidification needs. With a state-of-the-art 13,000 m² production facility incorporating energy-saving technologies like geothermal energy systems and a hybrid ceiling, the company demonstrates its commitment to sustainability. This advanced facility consolidates four European production sites, strategically positioning itself in central markets to enhance logistics. The company's global footprint extends to North America, Europe, and China, with proprietary sales and service organizations in 22 countries and representatives in 50 locations.
Supply Side Estimates
Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis
Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.
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