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In the last few years the demand for dehumidifiers have risen as dehumidifiers help maintain optimal humidity levels in ambient air, which is beneficial for both comfort and health. Controlled humidity levels are required in industrial, residential, and commercial settings, which can be accomplished with the help of dehumidifiers. Continued urbanization and associated climate change have pushed humidity levels to extremes in some parts of the world, putting human health at danger. Moreover, the need for energy-efficient dehumidifiers is being driven by stringent energy-efficiency guidelines being created by various governments. In order to encourage energy conservation, governments throughout the world are developing standards such as AHAM 7008-2018/CSA SPE-7008-18/UL 7008-18, Sustainability Standard for Household Dehumidifier Appliances amongst other. The demand for energy-efficient dehumidifiers is increasing as customers become more aware of such requirements and initiatives, thus driving the growth of global dehumidifier market.
During the Covid-19 pandemic, the demand for dehumidifiers had considerably risen. Based on the nature of the virus, when infected persons cough or sneeze, the virus spreads predominantly through respiratory droplets. Hospitals and clinics had installed dehumidifiers to improve the humidity conditions in ICU’s, backup rooms and war rooms to reduce the spread of the virus. According to scientists of the University of Carolina, the concentration of viruses is considerably larger in higher or lower humidity conditions along with the high risk of scattering. Hence, an accelerated growth in the global dehumidifier market was observed across the residential sector amidst the pandemic.
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In terms of revenue, dehumidifier market was valued at US$ 3,338.58 Mn in 2020 growing at a CAGR of 6.9% over the forecast period (2021 – 2029). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
Our 420+ Pages Report titled, “Dehumidifier Market – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2021 – 2029”, will include extensive information on the following pointers:
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Dessicant dehumidifiers, which is a chemical absorbent dehumidifiers, are being adopted on a large scale as these dehumidifiers can quickly remove huge amounts of moisture from the air. This is especially useful in large, industrial environments where the temperature frequently drops below freezing, or in situations where there is a lot of humidity or condensation. Moreover a wide range of industries are utilizing industrial desiccant dehumidifiers as they attain humidity levels of less than 35% and have demonstrated that they can cut operational expenses and energy usage. Thus, the benefits associated with dessicant dehumidifiers have boosted the growth of dehumidifier market globally.
Sorption technology in dehumidifiers is gaining traction in the global dehumidifier market. Sorption technologies are one of the most widely used and successful methods for removing pollutants with both adsorption and absorption technologies, which are routinely employed to reduce air pollution emissions. The method involves circulating dehumidified air through rotating desiccant rotors, which absorb moisture. Thus, with this ability to remove moisture using rotors, sorption technology is widely being used for huge spaces, warehouses and industrial processes.
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Portable dehumidifier are gaining huge importance across the residential sector in the dehumidifier market as these dehumidifiers are small and easily to move around in the house. Over the last few years, a large population has turned towards portable dehumidifiers as these are affordable and can be used in smaller spaces as well. Increasing urbanization along with growing awareness amongst masses towards climate change concerns is fueling the segment’s growth in the global dehumidifier market.
Rising awareness about health and variations in the climate change amongst a large population has led to an increased demand for residential dehumidifiers. The rise in disposable income and focus on healthier and comfortable lifestyle is one of the factors boosting the global dehumidifier market. Furthermore, major players in the market are focusing on adopting technology such as cloud based and Wi-Fi connectivity for dehumidifiers, to offer high functional benefits and seamless operations along with humidity levels sensors for humidity calculations of air precisely and automation. These advancements in the equipment showcases potential growth prospects for global dehumidifier market over the forecast period.
Online distribution channel is extensively growing and is anticipated to witness highest growth rate in the global dehumidifier market over the period of next eight years. Huge population around the world have obtained access to fast internet connectivity and smartphones. Moreover, digital channel is gaining popularity as users are able to view the product and compare it with other products. Moreover, technological advancements of these platforms such as integration of chatbots, video selling, and picture search, shared carts, facial recognition payments, and image/voice search technology amongst other features has led to an consumer buying experience. Furthermore, manufacturers are adopting artificial intelligence and virtual reality to demonstrate their product on online platforms, which is contributing towards the segment’s growth in the global market.
Asia pacific region is estimated to register highest growth rate in the global dehumidifier market over the forecast period. The region's demand for dehumidifiers is likely to be driven by continued industrialization in markets such as China, India, Japan and Southeast Asian countries. Moreover the other factors predicted to boost the market's growth include increased levels of disposable income in the region, growing preference for a healthier environment, and a strong emphasis on lowering energy use. Furthermore, companies are looking forward to technological advancements in dehumidifiers to meet the demand for energy efficient solutions that will pave the way for future.
The global dehumidifier market share is competitive and comprises various companies such as:
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