The dehumidifier market is projected to grow at a CAGR of 5.20% to reach US$3,335.123 million by 2027, from US$2,339.598 million in 2020.
Dehumidifiers are electrical appliances that maintain the level of humidity in the air and make the living space comfortable. Electric refrigeration dehumidifiers are the most commonly used dehumidifiers.
Rising number of allergy triggers
The demand for humidifiers is rising as allergy triggers are quite active in humid environments. The dehumidifiers make enclosures less hospitable to allergy-causing germs. People also prefer them as they facilitate easy and quick drying of clothes, keep food fresh for a longer duration, and reduce the probability of corrosion of electronic devices like computers. These factors are driving the growth of this market. Furthermore, rising awareness of respiratory diseases caused by long-term exposure to humid environments is also expected to make this product a lucrative investment.
The increasing construction and development of less ventilated or closed buildings such as commercial offices, apartments, or complexes by cutting down trees is also a major demand driver of dehumidifiers.
Deforestation and pollution are the leading factors responsible for climate change and global warming. In 2010, the United States had 252 million hectares meters (Mhm) of natural forest whereas, by 2018, there was a loss of 1.66 million hectares of natural forest, which equalled to 547Mt of carbon dioxide emissions. China, on the other hand, lost 9.42Mhm of tree cover, which was a decline of 5.8% from 2001 to 2018. From 2001 to 2018, Malaysia lost 7.73 Mhm of tree cover, which was a 26% decrease from 2000 which was equivalent to 3.38 Gt of carbon dioxide emissions (Source: Global Forest Watch).
According to the World Bank, global forest cover is falling at a rapid rate. The forest cover in 2008 was around 40,225,008.7 square km in 2008. In 2016, it reduced to 39,958,245.9 square km. This entails a need for deploying dehumidifiers to control the moisture of the air. Apart from this, the type of equipment used in several offices and industries such as computers, and printing equipment, requires the use of dehumidifiers to control the moisture content of the room. The application of dehumidifiers in the food packaging industry is also fueling the demand for dehumidifiers. The rising number of storage facilities is also anticipated to drive this market to grow during the forecast period.
Technological advancements in the development of sophisticated dehumidifiers are expanding the scope of this market.
With more people trying to live better and more comfortable lives, the demand for HVAC equipment is rising. In places with high humidity, dehumidifiers are preferred in conjunction with air-conditioners. Liquid desiccant dehumidification technology in air-conditioning systems has become attractive due to the better utilization of low-grade heat. This allows independent control of temperature and humidity. Apart from this, several new state-of-the-art versions of dehumidifiers are being launched by big players in the market with novel features, such as light sensors. Companies have launched dehumidifiers to serve nature as well. For instance, Quest launched the first 500-pint Dehumidifier specifically designed for Cannabis growers to fill a gap in environmental control technology.
However, the dehumidifier market is faced with certain constraints that are expected to hamper its growth.
The dehumidifier is to be cleaned regularly according to the recommended cleaning duration by the manufacturer. Otherwise, the contaminated air released by the dehumidifier may adversely affect health. Deficient levels of humidity are also believed to make people more prone to colds and flu. This might have a slightly negative influence on the growth of this market. Also, the awareness about the existence of dehumidifiers is low which requires more marketing of the products by the company.
Geographically, the Asia Pacific region is expected to witness a high CAGR in the dehumidifier market due to rising incomes and electricity consumption of the people.
Rapid urbanization in conjunction with rising incomes is increasing the proclivity of people towards buying air-conditioning equipment. The application of the Dehumidifier will be greater in the commercial sector over the forecast period. This region has a plethora of cities with extremely humid weather, for instance, Hong Kong, Kuala Lumpur, and Melbourne. These are expected to fuel the growth of this market. Electric power consumption in East Asia and the Pacific is on a constant rise and is expected to follow the pattern throughout the forecast period. The electricity consumption was around 3,677.517 kWh per capita in the year 2014 as compared to 2,113.364 kWh per capita in the year 2004.
The American region is expected to hold a significant share of the dehumidifier market owing to the presence of a large number of players in this market and also partly due to the developed nature of this region. The presence of humid cities in this region, such as California, and Las Vegas, is also expected to be a major reason for the high usage of dehumidifiers in this region.
The coronavirus spread over a number of nations and regions, having a profound effect on both individual lives and the community as a whole. It grew to be a serious threat to world trade, finance, and the economy. Due to the lockdown brought on by the COVID-19 epidemic, numerous parts for industrial dehumidifiers could no longer be produced. The slowdown in the economy first caused people to spend less on different industrial dehumidifiers. However, the intensity of the COVID-19 pandemic was reduced as a result of the release of different vaccines. The number of COVID-19 instances dramatically decreased as of mid-2022. This resulted in the full-scale reopening of businesses that manufacture industrial dehumidifiers. Additionally, a lot of businesses have already displayed significant signs of revival. Additionally, a number of government efforts were aimed at fostering the development of small-scale companies, particularly in emerging countries, which are predicted to favourably impact the growth of the industrial dehumidifier market. It is anticipated that the demand for dehumidifiers is bound to increase.
|Market Size Value in 2020||US$2,339.598 million|
|Market Size Value in 2027||US$3,335.123 million|
|Growth Rate||CAGR of 5.20% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments Covered||Product Type, End-User, Distribution Channel, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||AB Electrolux, General Filters, Inc., GE Appliances (a Haier company), De'Longhi Appliances S.r.l., Resideo Technologies, Inc., LG Electronics, Sunpentown Inc., Condair Group AG, Whirlpool Corporation, Mitsubishi Electric, Therma-Stor LLC|
|Customization Scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the dehumidifier market?
A1. The global dehumidifier market is projected to grow at a CAGR of 5.20% during the forecast period.
Q2. What is the size of the global dehumidifier market?
A2. Dehumidifier Market was valued at US$2,339.598 million in 2020.
Q3. What will be the dehumidifier market size by 2027?
A3. The dehumidifier market is projected to reach a market size of US$3,335.123 million by 2027.
Q4. Which region holds the largest share in the dehumidifier market?
A4. The American region is expected to hold a significant share of the dehumidifier market owing to the presence of a large number of players in this market.
Q5. What factors are anticipated to drive the dehumidifier market growth?
A5. The demand for humidifiers is rising as allergy triggers are quite active in humid environments.
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Dehumidifier Market Analysis, by Product Type
6. Dehumidifier Market Analysis, by End-user
7. Dehumidifier Market Analysis, by Distribution Channel
8. Dehumidifier Market Analysis, by Geography
8.2. North America
8.2.1. United States
8.3. South America
8.5. The Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.4. South Korea
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.1. AB Electrolux
10.2. General Filters, Inc.
10.3. GE Appliances (a Haier company)
10.4. De'Longhi Appliances S.r.l.
10.5. Resideo Technologies, Inc.
10.6. LG Electronics
10.7. Sunpentown Inc.
10.8. Condair Group AG
10.9. Whirlpool Corporation
10.10. Mitsubishi Electric
10.11. Therma-Stor LLC
General Filters, Inc.
GE Appliances (a Haier company)
De'Longhi Appliances S.r.l.
Condair Group AG
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