USD 2837.83 million
Report ID:
SQSG15E2053 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|Tables:
119
|Figures:
68
Global Dehumidifier Market size was valued at USD 2837.83 million in 2019 and is poised to grow from USD 3030.8 million in 2023 to USD 5478.97 million by 2031, growing at a CAGR of 6.8% in the forecast period (2024-2031).
A dehumidifier is a piece of electrical equipment made especially to remove extra moisture from the air. The most popular types of dehumidifiers use desiccant, refrigerant, and other materials. By eliminating excess humidity, dehumidifiers significantly reduce the likelihood of mould, dust mites, and other bacterial and fungal growth in homes. Dehumidifiers' functionality lowers the possibility of allergies, which helps to explain the high market demand for them. These gadgets also offer a clean, healthy environment with excellent air quality that keeps the household's occupants healthy. These are effective home appliances that have many benefits for a space and, most importantly, for a person. They get rid of potentially dangerous elements that might affect a home, a family, or even cherished pets. These enhance air quality and stop the growth of molds in addition to improving air quality and removing dust mites. Around the world, dehumidification systems, including dehumidifiers, are frequently used in residential, commercial, and industrial settings. By preventing condensation on machinery, equipment, and other electronics tools, humidifiers help prevent corrosion issues in the industrial sector and regulate the amount of moisture in the air. Dehumidifiers lower the humidity in residential spaces, making them less inviting to allergen-causing organisms like dust mites, black mould, and yeast.
US Dehumidifier Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2837.83 million
Largest Segment
Chemical Absorbent
Fastest Growth
Heat Pump
Growth Rate
6.8% CAGR
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Dehumidifier Market is segmented on the basis of product, type, technology, application and region. On the basis of product, Dehumidifier Market is segmented into chemical absorbent, heat pump and ventilating dehumidifier. According to type Dehumidifier Market is segmented into desiccant, refrigerant, thermoelectric and others. On the basis of technology, Dehumidifier Market is segmented into cold condensation, sorption, warm condensation and others. According to application, the global Dehumidifier Market is segmented into industrial, commercial and residential. Based on region, Dehumidifier Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Dehumidifier Market Analysis by Product
Chemical Absorbent segment held the largest share in Global Dehumidifier market in 2021 and is expected to hold its position during the forecast period. Due to their ability to absorb moisture and hold water vapour without releasing any greenhouse gases, chemical absorbents are frequently chosen across all application areas, but especially in industrial settings. If refrigeration-based dehumidifiers are used in conjunction with chemical absorbent-based dehumidifiers, reliable climate control in cooler environments can be achieved. Over the course of the forecast period, advancements in climate control technology are anticipated to support the segment's growth.
Heat Pump segment is expected to witness the fastest growth rate during the forecast period. This can be attributed to the continued product improvements and rising usage across a range of applications. Heat pump dehumidifiers are frequently used to dry out industrial products, protect building materials and stored goods, and improve human comfort. They work by circulating moist air across the evaporator of a refrigeration system, which lowers air temperature and leads to the condensation of water vapour that can be drained out.
Dehumidifier Market Analysis by Technology
The sorption segment accounted for the highest market share and held a large revenue share in 2021. The technology's dehumidification procedure mainly entails adsorption and absorption procedures. The technology calls for circulating the air that needs to be dried through rotating desiccant rotors to remove moisture. Since sorption technology can use rotors to remove moisture, it is especially preferred for large rooms, warehouses, and industrial processes. Adsorption-based dehumidifiers work best when water has permeated deeply into surfaces like walls and ceilings. An adsorption model may be more suitable for the requirements in some areas where one can observe condensation or even the growth of mould. Adsorption-based dehumidifiers work best when water has permeated deeply into surfaces like walls and ceilings. An adsorption model may be more suitable for the requirements in some areas where one can observe condensation or even the growth of mould.
Warm condensation segment is anticipated to register a high market growth during the forecast period. This is due to technological advancements that allow dehumidifiers to function at different indoor temperature ranges while reducing energy consumption and its numerous advantages. In a world of liquid and gas plumbing, condensation dehumidifiers are a great option for those working in the commercial, industrial, and warehouse sectors. They have also become an essential part of processes that call for the removal of water.
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North America accounted for the largest share of the dehumidifier market globally and is expected to maintain its dominance during the forecast period. The aggressive construction of warehouses, homes, and commercial buildings is anticipated to fuel the expansion of the local market. Growing public awareness of the benefits of creating a healthier environment is positive for the expansion of the local market. Some of the highest sums ever recorded in the United States were recently spent on private construction, resulting in the development of private homes and non-residential structures. On a list of the 50 biggest construction contractors in the nation, two companies had significant revenue. As a result, the demand for dehumidifiers is increasing, which in turn is propelling market revenue growth.
Asia Pacific region is expected to be the fastest growing market for dehumidifiers during the forecast period. The demand for dehumidifiers in the Asia Pacific region is anticipated to be driven by the economies of China, India, Japan, and Southeast Asian nations, which are continuing their industrialization process. Other factors that are anticipated to contribute to the growth of the regional market include the rising levels of disposable income in the area, growing preferences for a healthier ambient environment, and a strong emphasis on reducing energy consumption. It is also encouraging for the expansion of the local market that warehousing facilities are still being built and that cold chain logistics are being implemented to meet the growing demand for food, medications, and other perishable goods.
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Dehumidifier Market Driver
Controlling humidity and temperature is critical in research and development because lab environments affect measurement device characteristics and performance, and can even result in structural damage to expensive equipment. This could lead to unneeded downtime as well as economic and financial losses. All scientific instruments used in research laboratories must be protected against humidity and temperature changes in order to maintain accuracy and performance. Many commercial buildings, industrial instrumentation rooms, and educational facilities require humidity control solutions.
The food and beverage industry and the hospitality sector are expected to use dehumidifiers more frequently, which will boost market statistics. Food items that are kept in hotels, restaurants, and retail establishments for extended periods of time suffer damage from high humidity levels. By removing too much moisture from the air, dehumidifiers stop food from spoiling. These are also very popular in the processing, packaging, and coating industries because they help maintain the necessary humidity levels. In order to print and package papers efficiently, a number of paper manufacturing and printing companies have installed dehumidifiers.
Dehumidifier Market Restraint
High Cost and Electric Consumption to Limit Dehumidifier Market Growth
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Global dehumidifier market is fragmented due to the presence of prominent global and local players who apply various strategies to expand their market share and dominate the market. Some key players include Honeywell International Inc., Whirlpool Corporation, Bry-Air Pvt. Ltd., Seresco Dehumidifiers and Airwatergreen AB. The market's leading players are looking forward to increasing their investments in the creation of advanced devices and fulfill the increasing demand for dehumidifier systems.
Dehumidifier Market Top Player's Company Profiles
Dehumidifier Market Recent Developments
Desiccant dehumidification technology, a more recent innovation, is replacing conventional vapour compression systems as a popular trend in the market for cooling and conditioning indoor air. Desiccant-based systems are cost-effective because they remove moisture from the air using low-grade thermal energy. This is particularly true when desiccant regeneration requires readily available thermal energy, electricity is expensive, and the latent load fraction is greater than 25%. Desiccant-based devices can improve indoor air quality both directly and indirectly. As a result of coadsorption by desiccant material, which also removes or kills a variety of bacteria, many indoor air pollutants are directly eliminated. Desiccant systems can prevent microbial growth in ducts and condensate drain pans because there is essentially no water on post-desiccant cooling coils, in drain pans, or in air distribution ducts in humid areas.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Dehumidifier market analysis, the ability of dehumidifiers to stop airborne diseases, relieve allergic symptoms, and enhance skin health is helping to draw in more customers. A large number of brands that concentrate on producing goods using the most recent technology on the market are acting as a growth opportunity. Various companies are developing the Wi-Fi based Humidifier, which can also be easily controlled and connected to Alexa, Google Home, and Home Pod. The need for a dehumidifier that could help improve the air quality is being driven by the growing awareness of the high-risk factor caused by air pollution, which is acting as a driving factor for market expansion.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 2837.83 million |
Market size value in 2031 | USD 5478.97 million |
Growth Rate | 6.8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Dehumidifier Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Dehumidifier Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Dehumidifier Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Dehumidifier Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQSG15E2053