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Air Dehumidifier Market to Reach $5.2 Billion, Globally, by 2032 at 6.4% CAGR: Allied Market Research

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Expanding urbanization intensifies the demand for air dehumidifiers as highly populated urban areas witness a surge in construction activities, resulting in a higher prevalence of airtight buildings. These structures combined with limited ventilation, elevate indoor humidity levels, fostering the need for dehumidifiers. As urban populations witness growth, the market experiences increased demand for these devices, which are essential for maintaining optimal humidity levels and ensuring comfortable, healthy living conditions in urban residences and commercial spaces.

PORTLAND, Ore., Feb. 21, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Air Dehumidifier Market by Type (Mobile Dehumidifier, Mini Dehumidifier, and Fixed Dehumidifier), Capacity (Small Capacity, Medium Capacity, and Large Capacity), Price Range (High Range, Mid-Range, and Low Range), Application (Residential, Commercial, and Industrial), and Sales Channel (Online and Offline): Global Opportunity Analysis and Industry Forecast, 2023-2032.”. According to the report, The global air dehumidifier market was valued at $2.8 billion in 2022, and is projected to reach $5.2 billion by 2032, growing at a CAGR of 6.4% from 2023 to 2032.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A134908 

Prime determinants of growth 

Growing health concerns drive the demand for air dehumidifiers as consumers recognize the link between high humidity levels and health issues such as allergies and respiratory problems. Dehumidifiers mitigate mold and dust mites, allergens that thrive in humid conditions, thus promoting healthier indoor environments. The increased awareness of these health benefits fuels the demand for the air dehumidifier market as individuals seek solutions to enhance air quality, reduce the risk of respiratory ailments, and create safer living and working spaces.

Report coverage & details: 

Report Coverage 

Details 

Forecast Period 

2023–2032

Base Year 

2022

Market Size in 2022

$2.8 billion 

Market Size in 2032 

$5.2 billion

CAGR 

6.4 %

No. of Pages in Report 

300

Segments Covered 

Type and region 

Drivers 

Climate Change Impact and Health Awareness

Industrial Processes and Rapid Urbanization

Opportunities 

Technological Advancements and Government Initiatives

Restraints 

High initial and operating costs

High Energy Consumption

 

The fixed dehumidifier segment to maintain its leadership status throughout the forecast period 

By type, the fixed dehumidifier segment held the highest market share in 2022, accounting for more than half of the global air dehumidifier market revenue and is estimated to maintain its leadership status throughout the forecast period. Fixed dehumidifier advanced systems offer remote monitoring, control, and data analytics, allowing for more efficient and precise humidity management. However, the mini dehumidifier segment is projected to manifest the highest CAGR of 6.9% from 2023 to 2032. The market for mini dehumidifiers is witnessing innovations in design, with sleek and aesthetically pleasing models becoming more prevalent.

Procure Complete Report (300 Pages PDF with Insights, Charts, Tables, and Figures): https://bit.ly/49JBafd 

The large capacity segment to maintain its leadership status throughout the forecast period 

By capacity, the large capacity segment held the highest market share in 2022, accounting for nearly half of the global air dehumidifier market revenue and is estimated to maintain its leadership status throughout the forecast period. The air dehumidifier market is witnessing a trend toward larger capacity units, catering to the demand for efficient moisture control in larger spaces such as commercial buildings, industrial facilities, and expansive residential areas. However, the small capacity segment is projected to manifest the highest CAGR of 6.8% from 2023 to 2032. In the air dehumidifier market, there is a growing demand for the small capacity units that offer enhanced efficiency and energy savings.

The high range segment to maintain its leadership status throughout the forecast period 

By price range, the high range segment held the highest market share in 2022, accounting for nearly half of the global air dehumidifier market revenue and is estimated to maintain its leadership status throughout the forecast period. Manufacturers focus on incorporating eco-friendly refrigerants, energy-efficient technologies, and smart sensors for optimized performance. However, the online segment is projected to manifest the highest CAGR of 6.8% from 2023 to 2032. The convenience of online shopping, coupled with easy comparison shopping and access to user reviews, makes online platforms a preferred choice for consumers.

The industrial segment to maintain its leadership status throughout the forecast period 

By application, the industrial segment held the highest market share in 2022, accounting for more than half of the global air dehumidifier market revenue and is estimated to maintain its leadership status throughout the forecast period. These powerful units prevent condensation, protect equipment, and maintain optimal conditions for processes. However, the residential segment is projected to manifest the highest CAGR of 6.8% from 2023 to 2032. In the low-range segment, there’s a growing trend toward compact designs with energy-efficient features.

The offline segment to maintain its leadership status throughout the forecast period 

By sales channel, the offline segment held the highest market share in 2022, accounting for more than two-thirds of the global air dehumidifier market revenue and is estimated to maintain its leadership status throughout the forecast period. The in-person product evaluation and the ability to receive personalized consultation from knowledgeable sales associates contribute to the appeal of offline retail outlets. However, the low-range segment is projected to manifest the highest CAGR of 6.9% from 2023 to 2032. In residential applications, there is a growing preference toward integration of smart technologies such as Wi-Fi-enabled devices in air dehumidifiers.

Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/purchase-enquiry/A134908 

North America to maintain its dominance by 2032

By region, North America held the highest market share in terms of revenue in 2022, accounting for more than one-third of the air dehumidifier market revenue. In North America, the air dehumidifier market is experiencing notable trends shaped by factors such as increasing concerns about health and well-being, climate variations, and advancements in technology. However, the Asia-Pacific region is expected to witness the fastest CAGR of 6.8% from 2023 to 2032. There is a growing preference for smart dehumidifiers equipped with advanced sensors and connectivity features, enabling users to control and monitor humidity remotely.

Leading Market Players: – 

Electrolux ABWhirlpool CorporationDe’Longhi Appliances S.r.l.LG Electronics Inc.Honeywell International Inc.Haier Smart Home Co., Ltd.Munters Group ABCondair Group AGSharp CorporationMidea Group Co., Ltd.

The report provides a detailed analysis of these key players in the global air dehumidifier market. These players have adopted different strategies such as collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Read More Trending “AMR Exclusive Insights:

Air Purifiers and Dehumidifiers Market Opportunity Analysis and Industry Forecast, 2023-2032
Humidifier Player Market Opportunity Analysis and Industry Forecast, 2023-2032
VOC Air Purifier Market Opportunity Analysis and Industry Forecast, 2023-2032
Air Purifiers with Filters Market Opportunity Analysis and Industry Forecast, 2023-2032
Home and Industrial Air Purifier Market Opportunity Analysis and Industry Forecast, 2023-2032
Personal Air Purifier Market Opportunity Analysis and Industry Forecast, 2023-2032

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Unleashing the Future of Vision AI: Alif and Edge Impulse Upgrade Edge Deployments with Powerful Computer Vision and Full Support for Nvidia’s TAO Toolkit

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Alif Semiconductor hosts a demonstration at Electronica of an AI vision application created using transfer learning in the TAO toolkit, and deployed to an Ensemble MCU via the Edge Impulse platform

PLEASANTON, Calif., Nov. 11, 2024 /PRNewswire/ — Alif Semiconductor®, a leading global supplier of secure, connected, power efficient Artificial Intelligence and Machine Learning (AI/ML) microcontrollers (MCUs) and fusion processors, along with Edge AI development platform Edge Impulse, today announced a significant breakthrough in implementing AI vision processing on edge microcontrollers. This is achieved through the introduction of full support for Nvidia’s TAO model training toolkit on the Ensemble® and Balletto™ MCU families and the Edge Impulse platform.

The TAO toolkit has generated considerable enthusiasm among developers of edge AI devices due to its provision of extensive training datasets for common vision processing applications, and its support for transfer learning from pre-trained models. This innovation promises to substantially reduce the cost, time and effort which embedded device OEMs typically invest into model development for AI vision applications.

Until now, deploying TAO-trained models on low-power MCUs for edge applications has been untested and unproven. Now, with the complete integration of Nvidia TAO into its platform, Edge Impulse has established a streamlined process for deploying TAO models on the Alif Ensemble and Balletto families of MCUs and fusion processors. Fully integrated into the Edge Impulse platform, Alif’s products feature the Arm® Ethos™-U55, a neural processing unit (NPU) for which Nvidia has optimized the TAO toolkit.

Embedded developers seeking to implement AI vision applications, such as people counting, intruder detection, or robotics, can now utilize the TAO training toolkit and its dataset, confidently deploying either a pre-trained TAO model or a custom model developed through transfer learning via Edge Impulse on Alif Ensemble or Balletto MCUs.

Henrik Flodell, Senior Marketing Director at Alif Semiconductor, stated, “With Alif’s AI-optimized MCU ecosystem, high-end embedded vision processing is transitioning from large, expensive microprocessors to next-generation edge MCUs. The integration of the TAO toolkit by Edge Impulse has significantly streamlined the development and deployment of AI vision processing models on Alif MCUs.”

Adam Benzion, SVP Partnerships at Edge Impulse, added, “The TAO toolkit accelerates the generation of effective ML models, but it doesn’t address the deployment of these models on edge-optimized hardware. Together with Alif, we have solved this challenge by providing a fully integrated workflow from the TAO toolkit’s pre-trained models to deployment on Alif edge MCUs.”

Attendees can view the Alif/Edge Impulse demonstration of advanced AI vision processing on an Ensemble MCU at Electronica in the Alif Semiconductor booth B4.106 (Munich, Germany, 12-15 November 2024).

To learn more about the Ensemble and Balletto families of edge MCUs and fusion processors, please visit alifsemi.com. To learn more about the Edge Impulse development and deployment platform for AI at the edge, please visit edgeimpulse.com.

About Alif Semiconductor

Alif Semiconductor is the industry-leading supplier of next-generation secure AI/ML-enabled 32-bit microcontrollers. Since 2019, Alif’s expanding offering of microcontrollers and fusion processors has been revolutionizing the way developers can create broad, scalable, and connected AI-enabled embedded applications that are genuinely power efficient. Alif Semiconductor is the only choice for power efficient microcontrollers that can handle heavy AI and ML workloads for battery-operated IoT devices. For more information go to  https://alifsemi.com/.

Photo – https://mma.prnewswire.com/media/2552994/ALIF_Ensemble_Balletto.jpg

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ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*

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TAIPEI, Nov. 11, 2024 /PRNewswire/ — ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, “ASEH” or the “Company”), announces its unaudited consolidated net revenues for October 2024.

CONSOLIDATED NET REVENUES (UNAUDITED)

Oct

Sept

Oct

Sequential

YoY

(NT$ Million)

2024

2024

2023

Change

Change

Net Revenues

56,426

55,579

56,167

+1.5 %

+0.5 %

Oct

Sept

Oct

Sequential

YoY

(US$ Million)

2024

2024

2023

Change

Change

Net Revenues

1,766

1,739

1,746

+1.6 %

+1.2 %

Net revenues for ATM assembly, testing and material business are as follows:

ATM NET REVENUES (UNAUDITED)

Oct

Sept

Oct

Sequential

YoY

(NT$ Million)

2024

2024

2023

Change

Change

Net Revenues

29,320

29,172

28,340

+0.5 %

+3.5 %

Oct

Sept

Oct

Sequential

YoY

(US$ Million)

2024

2024

2023

Change

Change

Net Revenues

918

913

881

+0.6 %

+4.2 %

*This press release is intended to comply with Taiwan regulatory requirements.

Safe Harbor Notice:

This press release contains “forward-looking statements” within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan” and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this press release. These forward-looking statements are necessarily estimates reflecting the best judgment of our senior management and our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied by the forward-looking statements for reasons including, among others, risks associated with cyclicality and market conditions in the semiconductor or electronic industry; changes in our regulatory environment, including our ability to comply with new or stricter environmental regulations and to resolve environmental liabilities; demand for the outsourced semiconductor packaging, testing and electronic manufacturing services we offer and for such outsourced services generally; the highly competitive semiconductor or manufacturing industry we are involved in; our ability to introduce new technologies in order to remain competitive; international business activities; our business strategy; our future expansion plans and capital expenditures; the strained relationship between the Republic of China and the People’s Republic of China; general economic and political conditions; the recent shift in United States trade policies; possible disruptions in commercial activities caused by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors.  For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including the 2023 Annual Report on Form 20-F filed on April 3, 2024.

Investor Relations Contact:

ir@aseglobal.com

Tel: +886.2.6636.5678

https://www.aseglobal.com

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SOURCE ASE Technology Holding Co., Ltd.

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Reown and Mesh Announce Bitcoin Ownership Verification to Comply with European Travel Rule Guidelines

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The announcement comes during DevCon week in Bangkok and expands Mesh’s wallet ownership verification beyond EVM chains

BANGKOK, Nov. 11, 2024 /PRNewswire/ — Mesh, the modern connectivity layer for crypto that makes payments and deposits seamless, and Reown, the onchain UX platform, announced they are advancing their exclusive partnership by launching wallet ownership verification for UTXO-based assets, beginning with Bitcoin. This enhanced functionality will directly address the need to comply with the European Banking Authority’s (EBA) Travel Rule Guidelines, which will take effect on December 30, 2024.

Compliance with the Travel Rule can be a significant challenge for crypto businesses, as it requires secure data exchange between different providers. Meeting these requirements can be complex and costly, and can divert valuable time and capital from product development and innovation. Furthermore, non-compliance can lead to significant consequences for VASPs operating in the EU, including fines, suspension of licenses and possible legal action. Mesh and Reown’s enterprise-grade wallet ownership verification solution offers a much easier way for companies to confidently meet regulatory standards, while still delivering a streamlined and user-friendly experience.

This advance in compliance and enterprise usability was revealed at WalletCon in Bangkok. WalletCon is the annual gathering hosted by Reown and focused on innovations in onchain user experiences, where Arjun Mukherjee, Chief Technology Officer at Mesh, will deliver a keynote address exploring the integration’s impact on security and regulatory compliance.

“By partnering with Mesh, we’re further advancing the capabilities of wallet connectivity across the crypto ecosystem,” said Jess Houlgrave, CEO of Reown. “As the onchain industry moves forward and adoption increases, regulation will play a larger role in our industry. Organizations that are forward looking and adaptive are going to lead the way. Our partnership with Mesh and the solution we have created that allows some of the industry’s biggest players to remain compliant is an example of this.”

Mesh’s verification solution doesn’t only meet the stringent requirements of the EBA Travel Rule but also provides access to the full suite of enterprise-grade tools and integrations, which include seamless connectivity to Mesh’s extensive network of exchanges, wallets, and financial platforms for use cases such as secure payments, deposits, and global asset transfers. As the leading SOC2 Type II compliant platform, Mesh combines security with scalability, offering unparalleled solutions to navigate regulatory requirements without compromising on the user experience.

“Reown’s commitment to open connectivity aligns perfectly with our vision of creating a secure and open financial ecosystem,” said Bam Azizi, CEO and Co-Founder of Mesh. “We’re seeing tremendous market demand for wallet ownership verification solutions that comply with EBA Travel Rule guidelines, and their leadership in wallet interoperability will be invaluable as we continue to expand our capabilities and deliver even more powerful compliance-enabling features through Mesh.”

About Mesh
Founded in 2020, Mesh is a leader in creating a modern financial connectivity layer for digital assets, delivering a secure, enterprise-grade platform for seamless transfers, payments, and account aggregation. Supporting over 300 integrations with exchanges, wallets, and financial services, Mesh is pioneering an open, connected, and secure ecosystem for digital finance. For more information, visit www.meshconnect.com.

About Reown
Reown is the onchain UX platform. Reown products, AppKit and WalletKit — are designed for individuals and organizations building products onchain. At its core, it focuses on merging innovation with reliability and ease of use to enable all builders to provide web3-native features within their products and bring the vast opportunities and better future that the new internet brings to their communities.
Media contact: mesh@greenbrier.partners

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SOURCE Mesh

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