Global Dehumidifier Market Size, Share, Growth Analysis, By Product(Chemical Absorbent, Heat Pump), By Type(Desiccant, Refrigerant), By Technology(Cold Condensation, Sorption), By Application(Industrial, Commercial) - Industry Forecast 2022-2028

Global dehumidifier market is segmented on the basis of product, type, technology, application and region. On the basis of product, it is segmented into chemical absorbent, heat pump and ventilating dehumidifier. According to type it is segmented into desiccant, refrigerant, thermoelectric and others. On the basis of technology, it is segmented into cold condensation, sorption, warm condensation and others. According to application, the global market is segmented into industrial, commercial and residential. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

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.

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.

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.

Driver

• Need for Performance Accuracy to Drive Dehumidifier Market Growth

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.

• Surging Adoption of Dehumidifier across Food & Beverage and Hospitality Sectors

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.

Restraint

High Cost and Electric Consumption to Limit Dehumidifier Market Growth

• A significant factor that is anticipated to limit market revenue growth is high electric consumption. Most home portable dehumidifiers can use between 300 and 700W of power, depending on the brand and mode. Assuming continuous use for 30 days, dehumidifiers typically use 307.2 kWh of electricity per month. A typical dehumidifier uses 394.2 kWh of electricity each month. Despite having an average wattage of 483.24W and an average hourly electricity consumption of 0.42 kWh, dehumidifiers use a lot of electricity because of their extended use.
• Dehumidifiers' high cost and difficult installation are other additional important factors limiting the market growth. The value of the raw materials & components used, as well as the size of the device, determine the price of these devices. Small portable devices are relatively cheap compared to large whole-house dehumidifiers that cost a lot of money. Industrial dehumidifiers are expensive to buy and operate because they need the assistance of skilled professionals for installation, repair, and maintenance.

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.

Top Player's Company Profiles

• Munters
• Therma-Stor LLC
• De’Longhi Appliances S.r.l
• Frigidaire
• GE Appliances, a Haier company
• General Filters, Inc.
• Continental AG
• Condair Group
• Aprilaire
• LG Electronics
• Seibu Giken Co., Ltd.
• Sunpentown Inc.
• Frigidaire
• AB Electrolux
• Danby Products Inc.
• Microwell, spol. s.r.o.
• Therma-Stor LLC

Recent Developments

• In September 2022, a new product called "BryShield" has been introduced by Bry-Air, one of the top producers of desiccant dehumidifiers in India and around the world, to prevent electronic corrosion in small server rooms by removing gaseous contaminants. The novel air filtration system has a beautiful design, is simple to install, and can be mounted efficiently on the ceiling.
• In March 2022, Xiaomi released the dual-purpose MIJIA Smart Dehumidifier, which can remove up to 22 litres of water from indoor air each day. The Mijia Smart Dehumidifier has a number of modes that let it quickly dry clothes scattered around the room and improve sleep.

• Desiccant Dehumidification Technology Gaining Traction

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.