Global Dehumidifier Market By Type (Desiccant Dehumidifier, Electronic/Heat Pump Dehumidifier, and Refrigerative Dehumidifier), By Technology (Cold Condensation, and Other Technologies), By Application, By Region and Companies - Industry Segment Outlook, Market Assessment, Trends, and Forecast 2023-2032
- Published date: Sep 2023
- Report ID: 43610
- Number of Pages: 252
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Report Overview
The Global Dehumidifier Market size is expected to be worth around USD 7 Billion by 2032 from USD 3.8 Billion in 2022, growing at a CAGR of 6.50% during the forecast period from 2023 to 2032.
The dehumidifier market is a growing industry driven by the increasing awareness of maintaining healthy indoor air quality. Dehumidifiers are devices that remove extra moisture from the air, which could help in avoiding the growth of mold & mildew and minimize the risk of indoor air pollution. The market includes a range of dehumidifiers, including portable & stationary models designed for use in residential, commercial, and industrial areas.
Overall, the dehumidifier market presents several opportunities for growth & development & it is driven by the increasing demand for healthy indoor air quality, the growth of the construction industry, advancement in technology, and the rising demand from the healthcare & pharmaceutical industries. Therefore, the market is expected to grow in the upcoming years, and manufacturers need to continue to innovate & develop advanced models to take advantage of these opportunities.
Driving Factors
Increasing Awareness and Rise of the Construction Industry is Expected to Drive the Market Growth
One key driver is the increasing awareness of maintaining healthy indoor air quality. People are becoming more health conscious about the risks related to indoor air pollution, like respiratory problems, allergies, and other health issues, leading to increased demand for dehumidifiers. Moreover, the rise of the construction industry is also driving the dehumidifier market as modern buildings are designed to be airtight, which can trap moisture & increase the risk of indoor air pollution.
Dehumidifiers play an essential role in controlling the humidity levels in those buildings, which could help avoid the growth of mold & mildew and reduce the risk of indoor air pollution. In addition, the rising prevalence of bad weather conditions like floods, storms, and hurricanes is also driving the dehumidifier market. These weather events can cause water damage to buildings, leading to increased humidity levels & the growth of mold & mildew. Dehumidifiers can be used to minimize the moisture levels in those buildings, which could help in avoiding the growth of mold & mildew and reduce the risk of indoor air pollution.
Furthermore, advancements in dehumidifier technology are also driving the market’s growth. Manufacturers are developing advanced and more energy-efficient models, that have advanced features like humidistats & air purifiers and are more effective in controlling humidity levels in different environments. These advancements are making dehumidifiers more attractive to consumers & are driving the growth of the market.
Restraining Factors
High Costs, Lack of Awareness, and the Availability of Alternative Solutions Can Restrain the Markets Growth
One of the main restraints is the high cost of dehumidifiers, making them inaccessible to some consumers, specifically in developing countries. The energy consumption of dehumidifiers is also a concern as they can consume significant amounts of electricity, which results in high operating costs & environmental impact. Additionally, the lack of awareness & education about the benefits of dehumidifiers can be a barrier to adoption, as many people may need to understand the importance of controlling indoor humidity levels.
The advantages of dehumidifiers also be limited by factors like ventilation, room size, and external weather conditions that may affect their ability to maintain the desired humidity levels. The availability of alternative solutions like air conditioners & natural ventilation can also compete with dehumidifiers in specific markets, which limits their adoption. Moreover, the durability & maintenance of dehumidifiers can be a concern as they may require regular cleaning & filter replacement which can be time-consuming & costly.
Growth Opportunities
Growing Construction Industry and Increasing Awareness Creates Opportunities in the Market
The dehumidifier market presents several opportunities for growth & expansion, with increasing awareness of the negative impact of extra moisture on indoor air quality & health. As a result, more & more people are turning towards dehumidifiers to maintain a comfortable & healthy environment in their offices, homes, and other indoor spaces.
Additionally, the growing construction industry, especially in humid regions, has created a demand for dehumidifiers to control moisture levels during the building process. Moreover, the growth of smart home technology & the increased adoption of IoT devices has opened up a path for manufacturers to develop & market connected dehumidifiers that can be controlled & monitored remotely. These trends & factors are expected to drive the growth of the dehumidifier market in the coming years.
Latest Trends
Smart Dehumidifiers, Which Can Be Controlled Using an App or Voice Command, are Trending in the Market.
The dehumidifier market has witnessed several emerging trends in recent years. One of the latest trends is the use of smart dehumidifiers, which can be remotely controlled using mobile apps & voice commands. This made it easy for users to control the humidity levels in their homes and offices. Another trend is the increasing adoption of dehumidifiers in data centers for maintaining optimal humidity levels & preventing equipment damage.
Additionally, there has been a rise in demand for dehumidifiers in response to the COVID-19 pandemic, specifically in healthcare facilities & households, to improve indoor air quality & minimize the risk of infection. Furthermore, the use of eco-friendly refrigerants in dehumidifiers has also become a trend as manufacturers try to reduce their carbon footprint & adhere to environmental regulations. Finally, wireless & IoT-enabled dehumidifiers, which can be monitored & controlled remotely using smartphones and other devices, are becoming increasingly popular among consumers.
By Product Analysis
The Desiccant Dehumidifier Segment Holds a Significant Share of the Product Segment in the Dehumidifier Market.
Based on product, the dehumidifier market is attributed to desiccant dehumidifiers, refrigerative dehumidifiers, and electronic or heat pump dehumidifiers. Among these types, the desiccant dehumidifier segment is dominant in the global dehumidifier market, with a market share of 57.2% & CAGR of 6.8%. Owing to a desiccant humidifier is used by a variety of industries for removing extra moisture for, improving the efficiency of the process, and enhancing the quality of the product. In addition, it can be used in industries that require low RH values, like the food, pharmaceutical, and electronic industries.
Heat Pump Dehumidifiers are Expected to Fastest Grow in Dehumidifier Market in Forecasted Period.
Heat pump dehumidifiers have been experiencing rapid growth in recent years, with a CAGR of 7.6%, because of their high energy efficiency & effectiveness in removing moisture from the air. Heat-pump dehumidifiers work with the help of a heat interchanger to extract moisture from the air & then use a compressor to release dry air back into the room. They also use refrigerant to cool the air & extract moisture which makes them more efficient than other types of dehumidifiers.
By Technology Analysis
The Cold Condensation Segment Accounted for the Largest Revenue Share in Dehumidifier Market in 2022.
Based on type, the market is divided into cold condensation, sorption, warm condensation, and other technologies. Among these types, the cold condensation segment is expected to be the most lucrative in the global dehumidifier market, with the largest revenue share of 39.4% & a projected CAGR of 6.3% during the forecast period.
This is because they are effective at removing huge amounts of moisture from the air & they are easily available at affordable prices. Cold condensation dehumidifiers draw in moist air, pass it over a refrigerated coil to condense the moisture, and then release dry air back into the room. The moisture is typically collected in a tank or drained through a hose.
The Sorption Segment is Expected to be the Fastest Growing Technology Segment.
The sorption segment is expected to be the fastest-growing technology segment in the forecasted period, with a CAGR of 7.2%. Owing to the advantages offered by sorption dehumidifiers over other types of dehumidifiers. Sorption dehumidifiers are highly energy-efficient, compact, and operate silently. They can also reduce the humidity levels to a greater range than other types of dehumidifiers. These benefits have made them popular in various applications, which include residential, commercial, and industrial.
By Application Analysis
The Web-Based Segment Holds the Significant Share of the Delivery Mode Segment in the Dehumidifier Market.
Based on application, the market for dehumidifiers is divided into industrial, residential, and commercial. Among these types, the industrial segment is expected to be dominant in the global dehumidifier market, with a market share of 45.7% and a CAGR of 6.8%. Owing to in the industrial sector, dehumidifiers are used for various purposes like drying products & controlling relative humidity. They can also be used for removing extra moisture. Manufacturing, warehousing, and water treatment plant growth will likely drive this segment.
Residential Segment is Expected to Fastest Grow in Dehumidifier Market in Forecasted Period.
Residential has experienced rapid growth in recent years with a CAGR of 7.8% because dehumidifiers can improve air quality inside the home & avoid the growth of bacteria or mold, which can create a health risk. In addition, dehumidifiers are expected to be in high demand because of the increasing health awareness among consumers.
Dehumidifier Key Market Segments
Based on Product
- Desiccant Dehumidifier
- Electronic/Heat Pump Dehumidifier
- Refrigerative Dehumidifier
Based on Technology
- Cold Condensation
- Sorption
- Warm Condensation
- Other Technologies
Based on Application
- Industrial
- Residential
- Commercial
COVID-19 Impact Analysis
The Pandemic Has Increased Demand for Dehumidifiers Because People Try to Maintain a Healthy Indoor Environment.
The pandemic has increased demand for dehumidifiers as people spend more time at home & try to maintain a healthy indoor environment with an emphasis on indoor air quality & the potential for the virus to spread through the air. There has been an increase in demand for air purifiers & dehumidifiers because people are trying to protect themselves & their families from the virus.
However, the pandemic has also disrupted the global supply chain & manufacturing processes which led to shortages of specific dehumidifier models & increased prices for others. The pandemic has also caused delays in product development and launch, resulting in a slower rate of innovation in the industry. Furthermore, the economic impact of the pandemic led to reduced purchasing power for some consumers, which may affect the demand for dehumidifiers.
The pandemic has also led to changes in consumer behavior, with a growing preference for online shopping and contactless delivery. This has led to an increased focus on e-commerce & the need for manufacturers & retailers to develop online sales channels and enhance their digital marketing strategies. In the long term, the pandemic may also have an impact on the design & features of dehumidifiers.
With the emphasis on hygiene & cleanliness, there may be a growing demand for dehumidifiers with self-cleaning capabilities & antimicrobial filters. The pandemic may also lead to increased investment in innovative home technology & IoT devices, which creates opportunities for manufacturers to develop & market connected dehumidifiers that can be controlled & monitored remotely.
Regional Analysis
North America Accounted for the Largest Revenue Share in Dehumidifier Market in 2022.
North America will be the dominant region in the global dehumidifier market. North America is expected to have the highest revenue share, 37.4%. North America should also register a CAGR of 6.8% over the forecast period. Owing to substantial industrial manufacturing, solid commercial foundations, and increasing awareness among homeowners likely to propel the region’s growth. Also, new product launches & continued industrial growth can drive the regional market growth during the forecast period.
Asia-Pacific is Expected as Fastest Growing Region in Projected Period in Dehumidifier Market.
APAC is expected to be as fastest growing region in the forecast period in the dehumidifier market, with a CAGR of 7.6%. Dehumidifiers are anticipated to be in high demand due to the growth of industrial manufacturing resulting from increased investments. In addition, dehumidifiers are expected to grow in the region because of various factors, including changing lifestyles, increasing disposable income, and increasing product awareness. Due to multiple factors, dehumidifier demand in India is expected to increase over the forecast period. In addition, the increasing warehousing industry drives the market in India.
Key Regions and Countries Covered in this Report:
- North America
- The US
- Canada
- Mexico
- Western Europe
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
- APAC
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
- Brazil
- Colombia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
- Middle East & Africa
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- Turkey
- United Arab Emirates
- Rest of MEA
Key players are focusing on many strategies like product innovation, R&D, geographic expansion, partnerships, and joint ventures. These strategies are aimed at increasing industry penetration.
For example, Airwatergreen AB announced in June 2021 that WOHLINS FRYSHUS LOGISTIK AB which is a Swedish cold chain logistic and warehousing services provider selected its REX Dehumidifier for managing the humidity in Halmstad’s cold store hall.
Market Key Players:
- LG Electronics Inc.
- Honeywell International Inc.
- Haier company
- De’Longhi Appliances S.r.l.
- Whirlpool Corporation
- Munters Group
- CondAir Group
- Bry-Air Inc.
- Stulz GmbH
- Danby Products Ltd.
- Other Key Players
Recent Developments
- In September 2021, Increasing adoption of dehumidifiers in emerging markets especially in Asia-Pacific due to increasing urbanization & rising disposable incomes.
- In June 2021, Bry-Air Inc. launched a new online store & website. This is the e-commerce site that provides information & enables online shopping for industrial & commercial desiccant products. This upgrade will help the company expand its business & gain market penetration.
- In March 2021, Technological advancements in dehumidifiers like the use of air purification & ionization technologies further enhance indoor air quality.
Report Scope:
Report Features Description Market Value (2022) USD 3.9 Bn Forecast Revenue (2032) USD 7.0 Bn CAGR (2023-2032) 6.5% Base Year for Estimation 2022 Historic Period 2016-2022 Forecast Period 2023-2032 Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments Segments Covered By Type (Desiccant Dehumidifier, Electronic/Heat Pump Dehumidifier, Refrigerative Dehumidifier) By Technology (Cold Condensation, Sorption, Warm Condensation, Other Technologies)
By Application (Industrial, Residential, Commercial)
Regional Analysis North America – The US, Canada, & Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, & Rest of Western Europe; Eastern Europe – Russia, Poland, The Czech Republic, Greece, & Rest of Eastern Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, & Rest of Latin America; Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA Competitive Landscape LG Electronics Inc., Honeywell International Inc., Haier company, De’Longhi Appliances S.r.l., Whirlpool Corporation, Munters Group, CondAir Group, Bry-Air Inc., Stulz GmbH, Danby Products Ltd., Other Key Players Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Frequently Asked Questions (FAQ)
What is the value of the global Dehumidifier Market?In 2022, the global Dehumidifier Market was valued at USD 3.8 Billion.
What will be the market size for Dehumidifier Market in 2032?In 2032, the Dehumidifier Market will reach USD 7.0 Billion.
What CAGR is projected for the Dehumidifier Market?The Dehumidifier Market is expected to grow at 6.5% CAGR (2023-2032).
List the segments encompassed in this report on the Dehumidifier Market?Market.US has segmented the Dehumidifier Market Market by geographic (North America, Europe, APAC, South America, and MEA). By Product, market has been segmented into Desiccant Dehumidifier, Electronic/Heat Pump Dehumidifier and Refrigerative Dehumidifier. By Technology, the market has been further divided into Cold Condensation, Sorption, Warm Condensation and Other Technologies.
Which segment dominate the Dehumidifier industry?With respect to the Dehumidifier industry, vendors can expect to leverage greater prospective business opportunities through the Desiccant Dehumidifier segment, as this dominate this industry.
Name the major industry players in the Dehumidifier Market.LG Electronics Inc, Honeywell International Inc, Haier company, De’Longhi Appliances S.r.l, Whirlpool Corporation, Munters Group and Other Key Players are the main vendors in this market.
- LG Electronics Inc.
- Honeywell International Inc.
- Haier company
- De’Longhi Appliances S.r.l.
- Whirlpool Corporation
- Munters Group
- CondAir Group
- Bry-Air Inc.
- Stulz GmbH
- Danby Products Ltd.
- Other Key Players
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