Dehumidifiers Market Size, Share & Industry Analysis, By Product Type (Chemical Absorbent, Heat Pump, Ventilating), By Technology (Sorption, Warm Condensation), By Application (Household, Commercial) And Regional Forecast, 2024-2032

Dehumidifier has experienced a gradual market enlargement as people are increasingly inclined towards owning a product that could help in enriching the quality of the air and reduce the humidity level. The product’s capability to prevent airborne diseases, relieve allergic symptoms, and improve the health of the skin is assisting to attract more consumers. Large number of brands focusing on manufacturing the products incorporating the latest technology available in the market is acting as an opportunity for market growth. For instance, Switchbot comes up with Wi-Fi Smart Ultra Humidifier, which also has the ability to be easily controlled and to connect with Alexa, Google Home, and Home Pod.

The escalating awareness of the high-risk factor caused by air pollution is resulting in propelling the need for a device that could help improve the quality of the air, which is acting as a driving factor for the market growth. For instance, according to the data published by the Health Effects Institute and the Institute for Health Metrics and Evaluation on ‘ State of Global Air,’ in 2019 among the risk factors of death in the world, air pollution has ranked at the 4^th position, which has contributed around 6.6 million deaths. Additionally, tourist and travel accommodation places such as hotels, resorts, and others are increasingly using various types of products, including dehumidifiers to enhance the experience of the stay is likely to fuel the market growth.

Nevertheless, large number of products consuming a high amount of electric power is acting as a hampering factor for market growth.

Key Market Driver -

Rising awareness regarding high risk factor of air pollution is acting as a driving factor for the market growth.

Key Market Restraint -

The high electric consumption is acting as a restraining factor for the market growth.

Key Players Covered:

General Filters, Inc, Munters, Airwatergreen, De’Longhi Appliances S.r.l, Honeywell International, Inc., and others are the key companies operating in the dehumidifier market.

The dehumidifier is segmented into by product type, technology, application, and geography.

On the basis of product type, the market is fragmented into the chemical absorbent, heat pump, and ventilating. Heat pump is projected to be the dominant owing to being extensively used to improve personal comfort, to dry industrial products, to safeguard building fabric, and for stored goods or materials.

Based on technology, the market is bifurcated into sorption and warm condensation. Sorption is anticipated to be the larger segment as a full-scale sorption dehumidifier with a steam-dried regeneration circuit possesses the capability to utilize waste energy by converting it to a usable form for its operation, which in turn is assessed to have a positive impact in gaining more traction among consumers.

By application, the market is bifurcated into household and commercial. The commercial is estimated to be the leading market shareholder due to large number of businesses intensively making use of the dehumidifier to help preserve and protect their food and beverage products from getting spoiled or damaged. Also, the large usage of the product in places such as offices, hotels, restaurants, and others has boosted the demand.

Regional Analysis:

On the basis of region, the market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

North America is anticipated to embrace a leading share and is projected to continue throughout the forecast period of 2020-2027. The large spending made on personal care products, which has the capability to improve hygiene, skin, and hair is helping to accelerate the demand for dehumidifiers. For instance, according to the data issued by the Consumer Notice.Org, July 2019, American consumers are estimated to make the spending of tens of billions of dollars on a yearly basis on personal care products that are intended to improve and enrich skin, hygiene, and hair. Additionally, the increasing number of well-furnished million-dollar homes in this region is projected to have a vital contribution in gaining traction. For instance, according to USA Today, November 2018, in the United States homes which are worth  1 million dollars has witnessed a rise of 400,702 in 2018.

Asia Pacific is assessed to show a vital presence in the dehumidifier market, owing to the decreasing unemployment rate is resulting to upsurge the buying power is likely to play a significant role. For instance, according to the data released by the Internation Labor Organisation, in 2019 the unemployment rate for the Asia Pacific is 4.1 percent. Furthermore, the high humidity level experienced by large number of places in this region has escalated the need for the product. For instance, according to the data released by the Economic Times, July 2019, Palam which is located in South West Delhi, India, has witnessed a high humidity level between  37 percent to 59 percent which is considered to be one of the highest in the capital of India.

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Segmentation

Key Industry Developments-

• In March 2019, Sharp announced the launch of air purifier cum humidifier called KC-G40M. Its humidity function has a capability to decrease skin, eye, throat dryness and sinus issues.


• In April 2020,  LG  declared the the expansion of super-efficient air care portfolio with the inclusion of smart dehumidifier and  room air conditioner.