India Dehumidifier Market - Industry Size, Share, Trend, Opportunity & Forecast

1. FY2017 – FY2027 INDIA DEHUMIDIFIER MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

2. Scope of Report Product of Interest (POI): Dehumidifier Dehumidifiers are electrical appliances that remove water from air. Using a dehumidifier can help bring the humidity down in an overly humid home. They can also reduce the buildup of mold and dust mites. We have captured only portable dehumidifier in this study. Market Segmentation Review Period FY2017 – FY2020 Base Year FY2021 Estimated Year FY2022 Forecast Period FY2023 – FY2027 Year Range TYPE REGION • North • West • South • East • Refrigerant • Desiccant • Others COVERAGE AREA PRICE SEGMENT • Less Than 1000 sq. ft • 1000-2000 sq. ft • More Than 2000 sq. ft • Low • Medium • High

3. Table of Contents

4. Table of Contents © TechSci Research

5. Table of Contents © TechSci Research

6. RESEARCH METHODOLOGY

7. Research Methodology Market Profiling Data Analysis Data Collection Data Validation Developing List of Respondents Formulating Questionnaire In-depth secondary research was conducted to determine top players in India dehumidifier market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about India dehumidifier market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection Primary Research Desk Research Company Analysis • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Websites • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Associations, etc. • Factiva • Hoovers

8. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of India dehumidifier market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing demand for dehumidifiers, especially for industrial applications that require optimum temperatures and humidity levels, is the key factor contributing to market growth. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the India dehumidifier market. Methodology Followed for Calculation of Market Size: • Market Size by Value & Volume: Market size, in terms of value & volume, for the year FY2021 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as dehumidifier companies, end users, industry experts and other industry participants. • The team interviewed more than 10-20 dehumidifier companies, 50 – 75 major end users, 15 – 20 industry experts and other stakeholders in the India dehumidifier market to obtain the overall market size from FY2017 to FY2021, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during FY2017-FY2021.

9. Research Methodology • Respondents were asked about the current and future market growth rates, market shares by type, by coverage area, by price segment, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: • Market shares by by type, by coverage area, by price segment, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various product types of dehumidifier. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India dehumidifier market, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis

10. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand emanating in the market. It should be noted that the figures compiled are only for the organized market including market share data.

11. Industry Brief Rising disposable income and growing consumer awareness are some of the factors that are driving the India dehumidifiers market through 2027F. According to TechSci Research report, “India Dehumidifier Market - By Region, Competition Forecast & Opportunity, 2027F”, the India dehumidifier market was valued at USD132.05 million in 2021 and is anticipated to grow at a CAGR of 5.90% in the forecast period to reach USD182.18 million by 2027. The high demand from the commercial industry and increasing health consciousness among the consumers drive the demand for India dehumidifier market. Dehumidifiers are actively installed in commercial buildings like malls and restaurants to enhance the experience and provide a comfortable environment for the consumers. Hospitals, electronics and semiconductors, the food & beverage industry, and other commercial sectors widely employ dehumidifiers for humidity control. Such as, in the food & beverage industry, there is a need to control the moisture to keep the processed food and snacks crisp and fresh, thereby creating the demand for dehumidifiers. The rapidly growing middle-class population in India tier II and tier III cities accelerate the demand for health wellness products. The working population is prone to get affected by the alarming pollution levels and, therefore, invest in purchasing dehumidifiers to breathe clean air. The rise in awareness about the benefits of installing dehumidifiers among consumers and the availability of dehumidifiers on online and offline platforms is anticipated to bolster the India dehumidifier market growth in the next five years. Also, the market players are increasing investments in research and development activities to upgrade the existing infrastructure and launch advanced novel dehumidifier models into the market. Expansion of the product portfolio and the presence of attractive features in dehumidifiers are expected to fuel the market demand over the next five years. Introduction of dehumidifiers working on desiccant technology is small and portable are projected to witness high demand among the consumers. Functions like auto defrost and auto shut-off in dehumidifiers are expected to garner customer attraction and improve the sales of dehumidifiers. However, most dehumidifiers are made for residential and commercial factors and have limitations for the residential sector, which may restrain the India dehumidifier market growth in the forecast period. The India dehumidifier market is segmented into type, coverage area, regional distribution, and competitive landscape. Based on type, the market is bifurcated into desiccant and refrigerant. The desiccant segment led the market in 2021 and accounted for 60.14% of the overall market share. The segment is expected to hold the largest market share over the next five years. Desiccant dehumidifiers offer several advantages: less noise, being light in weight, improved life span, and being environment friendly. It contains hydrophilic substances like silica gel that absorb water molecules from the air and reduce humidity. End-use industries such as pharmaceuticals, food & beverage, and construction industry are actively adopting the dehumidifier working on desiccant technology. Based on regional analysis, the Southern region dominated the market in 2021 with a market share of 34.37%. The rapid expansion of the commercial sector in the Southern region, including the food & beverage, hospital, missile storage industry, is the major driver for the India dehumidifier market. The presence of cities like Bangalore, Hyderabad, and Chennai in the southern region, also major IT, and healthcare sectors, has a high demand for the dehumidifier. Major market players operating in the India dehumidifier market are Bry-Air (Asia) Pvt. Ltd., Swastik Refrigeration, Amfah India Trading Pvt. Ltd., Honeywell India Private Limited, Ahata Industries, Dewdry Engineers Pvt Ltd,  Drytech Industries, Powerpye Electronics, Condair Group AG, Drycool Systems India (Pvt.) Ltd, Eva-Dry “The growing internet penetration and proliferation of smart devices boost the popularity of the e-commerce industry across the country. Consumers prefer to buy through online channels due to higher convenience and comfort owing to the availability of facilities like quick doorstep delivery, easy exchange options, and flexibility in payment options. Dehumidifier market players are expected to adopt online sales channels to reach remote country locations and use attractive marketing strategies to raise awareness about the benefits of using dehumidifiers among consumers. An increase in sales through online platforms and rise in the market players offering innovative products are expected to propel the India dehumidifier market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

12. Sample Data - Snapshot India Dehumidifier Market Size, By Value (USD Million) & By Volume (Units), FY2017–FY2027F CAGR By Value & volume CAGR By Value & volume YY% XX% India Dehumidifier Market Share, By Type, By Value, FY2017–FY2027F India Refrigerant Dehumidifier Market Share, By Coverage Area, By Value, FY2017–FY2027F India Refrigerant Dehumidifier Market Share, By Region, By Value, FY2017–FY2027F

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