Dehumidifier Market Demand, Insights Size Forecast up to 2028

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Dehumidifier Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Heat Pumps, Ventilating Dehumidifiers, and Chemical Absorbent Dehumidifiers) and Application (Industrial, Commercial, and Residential)

Publication Month: Oct 2021 | Report Code: TIPRE00005289 | No. of Pages: 142 | Category: Electronics and Semiconductor | Status: Published

The dehumidifier market was valued at US$ 2,797.5 million in 2021 and is projected to reach US$ 4,559.9 million by 2028; it is expected to grow at a CAGR of 7.2% from 2021 to 2028.

The improving economic conditions across the world coupled with urbanization have led to increased construction in industries. There has been an increase in the construction of malls, hospitals, commercial buildings, hotels, and manufacturing facilities, which propels the demand for dehumidifiers. Technological advancements, coupled with the changes in government and organizational regulations for energy consumption, are contributing to the growth of the dehumidifier market. The demand for smart dehumidifiers that work with technology, calculate humidity levels for the air, and work automatically is rising. Also, the emergence of cloud-based technology that allows the connection of dehumidifiers with smartphones, tablets, and laptops accelerates the market growth. For instance, according to the U.S. Department of Energy (DOE), a manufacturer of dehumidifiers is required to test the product to determine compliance with existing energy conservation standards. Moreover, improving standard of living and increasing awareness among consumers toward health drive the growth of the dehumidifiers market. Additionally, the growing demand for portable dehumidifiers from the residential and commercial spaces escalates the market growth. Recent developments of dehumidifier devices are equipped with digital control systems and are easy to install, access, and control, which propel the market growth for the residential segment. Moreover, various government regulations and standards, such as AHAM 7008-2018/CSA SPE-7008-18/UL 7008-18, are focusing on energy efficiency and propelling the use of dehumidifiers in the residential and industrial sectors. Thus the above mentioned factors are driving the growth of the market.

Strategic Insights

Report Coverage - Dehumidifier Market
Report CoverageDetails
Market Size Value inUS$ 2,797.5 million in 2021
Market Size Value byUS$ 4,559.9 million by 2028
Growth rateCAGR of 7.2% from 2021-2028
Forecast Period2021-2028
Base Year2021
No. of Pages142
No. of Tables56
No. of Charts & Figures72
Historical data availableYes
Segments coveredType and Application
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Impact of COVID-19 Pandemic on Dehumidifier Market

Due to the sudden COVID-19 outbreak, many industries came to a standstill. Dehumidifiers are used widely in the food industry, pharmaceutical industry, electronics & semiconductors industry, defence industry, leather industry, turbine industry, and cold stores. Also, owing to the pandemic, rising requirements for medicine and medical facilities are propelling the need for respective dehumidifiers. The residential and commercial sector in China is rapidly adopting dehumidifiers to maintain required humidity level. Demand for dehumidifiers at various small & medium enterprises is declined significantly. However, after the situation comes to normalcy, the dehumidifier market is expected to grow considerably across the world.

Lucrative Regions in Dehumidifier Market

Lucrative Regions in Dehumidifier Market

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Market Insights– Dehumidifier Market

Rapid Urbanization and Growing Disposable Income

The rising adoption of dehumidifiers in commercial space and residential sector, growing disposable income, and rapid urbanization are a few major factors driving the growth of the dehumidifier market across the world. Growing investments in construction activities of residential and commercial spaces in various developing countries across Asia Pacific create demand for dehumidifiers required in storage spaces where lithium batteries and other electronic equipment are stored. Considering factors such as global warming, weather conditions tend to fluctuate in many parts of the world. This is another factor contributing to the growth of the dehumidifiers market. In Europe, the demand for dehumidifiers is anticipated to grow in the coming years due to their extensive requirement in restaurants, hotels, resorts, cafeterias, food and beverage processing centers, and cold storage spaces.

Type-Based Insights

Based on type, the dehumidifier market is segmented into heat pumps, ventilating dehumidifiers, and chemical absorbent dehumidifiers. The chemical absorbent dehumidifiers segment held the largest market share in 2021.

Players operating in the dehumidifier market are mainly focused on the development of advanced and efficient products.

  • In September 2021, in the LG Styler, the drying feature doubled as a powerful dehumidifier, which prevents the build-up of molds in houses and minimizes respiratory distress indoors.

The dehumidifier market has been segmented as follows:

Dehumidifier Market – by Type
  • Heat Pumps
  • Ventilating Dehumidifier
  • Chemical Absorbent Dehumidifier

Dehumidifier Market – by Application     

  • Residential
  • Commercial
  • Industrial

Dehumidifier Market – by Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • Germany
    • France
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Middle East and Africa

    • South Africa
    • South Arabia
    • UAE
    • Rest of MEA
  • South America

    • Brazil
    • Argentina
    • Rest of SAM

Dehumidifier Market – Company Profiles

  • Haier Group Corporation
  • Electrolux AB
  • LG Electronics
  • Whirlpool Corporation
  • De’Longhi Appliances S.r.l.
  • General Filters, Inc.
  • Sunpentown International Inc.
  • Therma-Stor
  • Munters
  • Resideo Technologies, Inc

Frequently Asked Questions

Dehumidifiers plays an intricate role in improving the overall indoor air quality within residential space. Not only by removing excessive levels of humidity, but also by eliminating dust mites. It can be used in various residential spaces such as small to large size rooms, basements, garages, and crawlspaces. Dehumidifier are gaining popularity in residential space due to its various advantages such as improve air quality, helps eliminate dust mites, portable & convenient, maintenance is easy & quick, and many more. Moreover, increasing adoption of this dehumidifier in hotels, restaurants, dining rooms, and other cooking places to meet the concerns regarding the high moisture levels generated by cooking also supports the growth of this market.
The dehumidifier market is expected to witness high demand from industrial sector. It is widely used in manufacturing, pharmaceuticals plants, and food processing units, automotive factories, and others. The mentioned industries need sufficient heat during the production process of product manufacturing. The Government agencies in Europe & North America are directed to use energy-efficient systems. Therefore, the aforesaid regions have become mature and well-recognized for using dehumidifier. Companies such as Munters, Bry-Air, Condair, Origin Corp, Hygro Tech Engineers, and Berg Chilling Systems Inc. as well as Hitachi are known for providing dehumidifier for industrial sector.
The chemical absorbent dehumidifier absorbs water from the air using a "desiccant" product having the property of drying, such as silica gel. The desiccant is located on the wheel of the heat exchanger. A separate sealed air system dries the wheel and discharges hot and humid outside air through special ducting. The chemical absorbent dehumidifier consumes more energy than a heat pump dehumidifier. But because of the lack of compressor parts desiccant dehumidifiers are often lighter and quieter than compressor dehumidifiers. The chemical absorbent segment is expected to account for the largest market share in terms of revenue, due to increasing development of solar-assisted, liquid desiccant dehumidifier systems that improve sustainability and energy efficiency.
Dehumidifier in commercial space are used for all kinds of construction projects, warehouses, gyms, garages, laundry rooms, hotel rooms, manufacturing facilities, greenhouses, supermarkets, hospitals, and workshops. Commercial dehumidifiers are very powerful and can remove between ~150-250 pints of moisture from the air per day. Dehumidifier used in commercial space are stronger and more durable than residential units, so they tend to be more expensive. They are generally made of steel or heavy-duty plastic, while residential units are commonly made of lightweight, less durable plastic. Damp warehouses, offices, server rooms, and basements can cause stock damage in the short run and integral damage in the long run so to fight with this problems cause by humid will drive the demand of dehumidifier in commercial space.
The Asia-Pacific dehumidifier market is growing due to growing industrialization, increase in disposable income of the consumers, rising demand for luxury products, and stringent government norms focusing on global warming are the factors that is expected to drive the growth of the segment. Typhoons and floods are becoming more intense and frequent as Vietnam and the rest of Southeast Asia bear the brunt of climate change. Southeast Asia faces a dual challenge. It not only must adapt to climate change caused largely by greenhouse gases emitted over decades by advanced economies majorly by developing economies such as China and India, it must also alter development strategies that are increasingly contributing to global warming.
Individuals are transforming their homes into smart homes with latest technologies and devices. The reason behind strong adoption of technology is supportive infrastructure and strong economies. Owing to strong purchasing power of populace in countries such as the UK, Germany, France, the US, China, Japan, South Korea, UAE, and Saudi Arabia among others, the customers are now preferring for premium level products backed by high disposable income. Increased focus of customers toward the sophisticated products is helping the market players to introduce premium, advanced, and specially customized products for customers.

The List of Companies - Dehumidifier Market

  1. Haier Group Corporation
  2. Electrolux AB
  3. LG Electronics
  4. Whirlpool Corporation
  5. De’Longhi Appliances S.r.l.
  6. General Filters, Inc.
  7. Sunpentown International Inc.
  8. Therma-Stor
  9. Munters
  10. Resideo Technologies, Inc
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global dehumidifier market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the global dehumidifier market, thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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