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Home ➤ Consumer Goods ➤ Consumer Electronics ➤ Dehumidifier Market
Dehumidifier Market

Dehumidifier Market

Published date: Jun 2022 • Formats:
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  • Home ➤ Consumer Goods ➤ Consumer Electronics ➤ Dehumidifier Market

Global Dehumidifier Market By Product (Chemical Absorbent, Heat Pump and Ventilating Dehumidifier), By Technology (Cold Condensation, Sorption, Warm Condensation and Other Technologies), By Application (Industrial, Commercial and Residential), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

  • Published date: Jun 2022
  • Report ID: 43610
  • Number of Pages: 252
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
  • Request a Sample
  • Dehumidifier Market Overview

    Global dehumidifier markets were valued at USD 3,748.5 million in 2021. They are expected to grow at a 7.1% CAGR between 2023 and 2032. Market growth is expected to be driven by the strong focus households place on controlling moisture levels in the air. This prevents the growth of mold and bacteria that can pose a health risk. This market will be driven by the need to maintain the humidity levels to maintain production quality. The market is expected to grow due to continued industrialization and the increasing demand for energy-efficient products.

    Global Dehumidifier Market Scope:

    Product Analysis

    The chemical absorbent segment was the dominant market, with a market share of more than 51% in 2021. It is expected to continue its dominance over the forecast period. Chemical absorbents are popular in all applications, especially in industrial environments. They have the ability to remove moisture and retain water vapor without emitting greenhouse gases. To ensure climate control in cooler areas, chemical absorbent-based humidifiers can be used with refrigeration-based dehumidifiers. The future is bright for this segment, as climate control technology advances are predicted to help its growth.

    Over the forecast period, heat pumps are also expected to grow in importance. Heat pumps can remove moisture from the air and are often used as an alternative to air conditioners for dehumidifying indoor air during winter. Heat pumps can be more efficient and less energy-intensive, thanks to new designs, including heat-driven emitters and advanced cycles. There are many reasons why heat pumps are preferred for dehumidification in residential, commercial, or industrial settings. These include protecting building fabric, shielding industrial products from excess moisture, and ensuring comfort.

    Dehumidifier Market

    Technology Analysis

    With a market share of approximately 49.5%, the sorption segment dominated global dehumidifier markets in 2021. It is expected to see significant growth during the forecast period. Technology’s dehumidification processes include mainly adsorption and absorption. To absorb moisture, the technology uses rotating desiccant rotors to pass the dehumidified air. Because of its ability to remove moisture through rotors, sorption technology is especially well-suited for large rooms, warehouses, or industrial processes.

    Over the forecast period, the warm condensation segment will grow rapidly at CAGR. Warm condensation technology is especially preferred for commercial and industrial applications. This technology uses steam saturated in an enclosed environment to dehumidify air at sub-zero temperatures. This segment has grown due to technological advances that allow dehumidifiers to operate at different indoor temperatures while reducing energy consumption.

    Application Analysis

    With a market share of over 48.3%, the industrial segment was the dominant player in 2021. It is expected to continue its dominance during the forecast period. This segment’s growth can be attributed largely to the increasing demand for dehumidifiers in various industries and verticals such as electronics, semiconductors, fertilizer, and leather. These devices are used to maintain humidity levels and stop the growth of bacteria and mold, which could potentially impact the quality of products. Dehumidifiers are needed to prevent food items and pharma product spoilage from the unabated growth in various industries and verticals. This segment is expected to grow due to the establishment of cold storage, warehouse, and pharmaceutical manufacturing units.

    Over the forecast period, the commercial segment will experience significant growth. Commercial installations must be kept at a minimum humidity to prevent mold and fungus growth. This can affect the quality of the air and wall and spoil various products. Dehumidifiers are becoming more popular in commercial settings, including schools, hospitals, and departmental shops. Commercial buildings also use dehumidifiers to prevent water loss and reduce the cost of costly repairs and restoration. This segment is expected to grow due to the increasing construction activity in regions with high humidity.

    Key Market Segments:

    By Product

    • Chemical Absorbent
    • Heat Pump
    • Ventilating Dehumidifier

    By Technology

    • Cold Condensation
    • Sorption
    • Warm Condensation
    • Other Technologies

    By Application

    • Industrial
    • Commercial
    • Residential

    Market Dynamics:

    Over the forecast period, the U.S. market will experience significant growth. The U.S. market is expected to grow significantly over the forecast period. The demand for portable dehumidifiers that automatically sense temperature and humidity is rising. Dehumidifiers are also needed to quickly dry slabs and plasters and maintain the right humidity in real-estate hardware shops.

    Dehumidifiers maintain the desired humidity levels in ambient air, especially for comfort and health. The continued industrialization of many regions worldwide has led to extreme humidity levels. This is a threat to human health. Consumer Reports, Inc., an independent organization that assists consumers, policymakers, businesses, and others in creating a sustainable market, recently found that humidity levels higher than 50% can cause allergies or asthma in human beings. Dehumidifiers are being increasingly used in both commercial and residential environments. They can prevent mold growth, dust mites, and mildew, improve the air quality, and provide a comfortable and healthy environment.

    Numerous governments have drafted stringent energy efficiency standards driving the demand for energy-efficient dehumidifiers. Many governments create standards such as AHAM 7008-2018/CSA SP-7008-18/UL7008-18, Sustainability Standard Household Dehumidifier Apparats. This is to encourage energy savings. The U.S. Department of Energy is pursuing Energy Star as an initiative to save significant amounts on energy bills. Consumer awareness of such initiatives and standards is increasing the demand for dehumidifiers that are energy efficient. The changing market dynamics regarding dehumidifiers rated Energy Star is causing vendors to choose energy-efficient components such as fans and compressors when manufacturing their products. This has contributed to the growth in the market.

    The market’s growth in 2020 was affected by the COVID-19 pandemic. As part of efforts to stop the spread of coronavirus, various governments imposed restrictions on the movement of goods and people. This led to a variety of issues. The result was that although dehumidifiers were in high demand across all applications, there was a shortage of supply due to restrictions on logistics operations. The market is still poised to recover as restrictions are lifted, and the demand-supply balance returns to normal. Market players will also reorient their business goals for post-COVID-19.

    Regional Analysis

    North America dominated global markets with a 40% revenue share in 2021. It is expected to be the largest regional market during the forecast period. The regional market’s growth is expected to be driven by aggressive spending on warehouses, commercial buildings, and residential establishments. The regional market will also benefit from a growing awareness of creating a healthier environment.

    Asia Pacific is projected to grow at the fastest CAGR rate during the forecast period. The Asia Pacific region is expected to see a rapid increase in dehumidifier demand due to the unabated industrialization of the economies. This includes countries such as China and India, Japan, Japan, and Southeast Asia. Other factors expected to fuel the growth of this market include the rising disposable income, preference for healthier environments, and an emphasis on energy conservation. The region is expected to grow by establishing warehousing units and rolling out cold chain logistics to meet the growing demand for perishable goods such as medicines and food.

    Dehumidifier Market Regional Value

    Key Regions and Countries covered in the report:

    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Russia
      • Spain
      • Rest of Europe
    • APAC
      • China
      • Japan
      • South Korea
      • India
      • Rest of Asia-Pacific
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • MEA
      • GCC
      • South Africa
      • Israel
      • Rest of MEA

    Market Share & Key Players Analysis:

    This market is fragmented and characterized by local and global providers of a dehumidification system. Established market players place a lot of emphasis on investing in new technologies to create smart, efficient dehumidifiers. General Filters, Inc. introduced the GeneralAire DH75 residential whole-house humidifiers in February 2018. These Wi-Fi-controlled digital dehumidifiers are easy to use in constrained areas, such as crawl spaces, attics, and basements, both residential and commercial.

    In June 2019, Honeywell International, Inc. launched the Honeywell TP Series, a new range of dehumidifiers. These dehumidifiers have a user-friendly interface and include safety features such as low maintenance. The market is becoming more competitive as more market players sign contracts and form partnerships with end-users. Airwatergreen AB announced in June 2021 that WOHLINS LOGISTIK AB selected its REX dehumidifier for managing the humidity in its Halmstad cold storage hall.

    Dehumidifier Market Company Share

    Market Key Players:

    • Munters
    • Airwatergreen AB
    • Therma-Stor LLC
    • De’Longhi Appliances S.r.l
    • Frigidaire
    • Honeywell International, Inc.
    • GE Appliances
    • General Filters, Inc.
    • Other Key Players

    For the Dehumidifier Market research study, the following years have been considered to estimate the market size:

    Attribute Report Details

    Historical Years

    2016-2020

    Base Year

    2021

    Estimated Year

    2022

    Short Term Projection Year

    2028

    Projected Year

    2023

    Long Term Projection Year

    2032

    Report Coverage

    Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.

    Regional Scope

    North America, Europe, Asia-Pacific, South America, Middle East & Africa

    Country Scope

    United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa

    Frequently Asked Questions (FAQ)

    What is the size of the Dehumidifier market in 2021?

    The Dehumidifier market size is US$ 3,748.5 million in 2021.

    What is the projected CAGR at which the Dehumidifier market is expected to grow at?

    The Dehumidifier market is expected to grow at a CAGR of 7.1% (2023-2032).

    List the segments encompassed in this report on the Dehumidifier market?

    Market.US has segmented the Dehumidifier Market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Product the market has been segmented into Chemical Absorbent, Heat Pump and Ventilating Dehumidifier, By Technology the market has been segmented into Cold Condensation, Sorption, Warm Condensation and Other Technologies, By Application the market has been segmented into Industrial, Commercial and Residential.

    List the key industry players of the Dehumidifier market?

    Munters, Airwatergreen AB, Therma-Stor LLC, De’Longhi Appliances S.r.l, Frigidaire, Honeywell International, Inc., GE Appliances, General Filters, Inc., Other Key Players are the key vendors in the Dehumidifier market

    Which region is more appealing for vendors employed in the Dehumidifier market?

    North America accounted for the highest revenue share of 40%. Therefore, the Dehumidifier industry in North America is expected to garner significant business opportunities over the forecast period.

    Name the key areas of business for the Dehumidifier Market.

    The US, Canada, China, Japan, India, Germany, France, are leading key areas of operation for Dehumidifier Market.

    Which segment accounts for the greatest market share in the Dehumidifier industry?

    With respect to the Dehumidifier industry, vendors can expect to leverage greater prospective business opportunities through the chemical absorbent segment, as this area of interest accounts for the largest market share.

    Dehumidifier Market
    Dehumidifier Market
    Published date: Jun 2022 • Formats:
    add_shopping_cartBuy Now get_appDownload Sample
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    • Munters
    • Airwatergreen AB
    • Therma-Stor LLC
    • De’Longhi Appliances S.r.l
    • Frigidaire
    • Honeywell International, Inc. Company Profile
    • GE Appliances
    • General Filters, Inc.
    • Other Key Players
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