Electrical And Electronic

Global Dehumidifier Market

March 28, 2022
ID: SR/EE-11
Format:Pdf
Pages:220

Global Dehumidifier Market By Type (Refrigerant Type Dehumidifier and Chemical Absorbent Dehumidifier), By Application (Commercial, Industrial and Residential), By Region (North America, Europe, Asia-Pacific, South America and The Middle East & Africa)-Global Forecast to 2028.

Description

Dehumidifier Market Overview

The dehumidifier Market size was valued at USD 3.91 Billion in 2021 and is estimated to reach USD 5.19 Billion by 2028, growing at a CAGR of 6.6% during the forecast period 2022 to 2028. The growing acceptance of the dehumidifier in food packaging & processing and the increasing attention among consumers about the benefits are anticipated to drive the Dehumidifier Market over the forecasted years.

What is Dehumidifier?

A dehumidifier refers to electrical supplies utilized to hold the humidity of a room by removing water from the air for the convenience of the occupants. After absorbing moisture, it also releases a musty odor from the surrounding caused by the fabrics, walls, and furniture. The device is used for the residential sector’s comfort and health reasons. The application of dehumidifiers allows destroying water scope from closed areas such as basements and attics. They make residential and commercial places small hospitable for the growth of allergens such as dust mites, mold, and mildew. Various type of dehumidifier is operated, such as refrigeration type, spray type, and absorption type where refrigeration & spray type dehumidifier is mostly used in a residential application and absorption type dehumidifier is used in industrial applications.

Growth Drivers

The alarming surge in fire happenings is restricting the dehumidifier’s market development.

The fire happening in the past few years has been growing. These incidences have forced manufacturers to identify their effects because of mistaken dehumidification operating, which is always expensive. In the forthcoming years, customer development safety missions worldwide will shrink dehumidifier grade standards and certification rules. Workers will have to pay extra attention to their products’ quality and safety parameters. Furthermore, offering a useful guide or safety manual for the appropriate use of dehumidifiers can also lead to curbing the number of fire incidents caused due to humidifiers, ultimately reducing its impact on the dehumidifier’s market growth.

Opportunities

Development in the Real Estate Sector

The development of the global dehumidifier market is increasing the new opportunities by rapid development in the real estate sector leading to the construction of residential buildings & schools, hospitals, and departmental stores. In expansion, awareness of health and transformations in weather situations are the major elements anticipated to propel the demand for dehumidifiers. Moreover, increased awareness about the usefulness of maintaining indoor air quality in commercial sectors such as offices and malls is expected to promote market growth.

Restraints

High Cost of Maintenance

The main hindrance of a dehumidifier is maintenance. Dehumidifiers are normally a low-maintenance consequence and do not need a lot of engaged intervention, but some supervision is required. The most typical form of care is the emptying of the water tank. It is tedious and may have to be done anywhere from a few periods a day to a few times a week. Normally, more powerful units in places of excessive moisture will need emptying more often than fewer units. It could be spent emptying a water tank is valuable time lost that accomplishing something else. An innovative way of avoiding this task is to purchase a unit with a continued drain hose. It lets you plumb the dehumidifier into a drain, so you never have to empty it.

Pre Covid-19 Impact on Global Dehumidifier Market

Before the covid-19 period, a Dehumidifier is a household machine that decreases humidity to enhance the air quality. These machines are utilized for health and comfort causes or to destroy musty odor due to improved humidity levels in the air. They make residential and commercial areas less hospitable for producing allergens such as dust mites, mustiness, and mold.

Covid-19 Impact on Global Dehumidifier Market

During the covid-19, almost everyone was incapacitated with the effect of the pandemic, and scientists determined that the virus stays longer in places with low temperatures. So, dehumidifying is not extensively of assistance in the current scenario, which could hamper the dehumidifiers market.” Since the global explosion of the covid-19, different analyses have been performed to find vaccines and control their spread. Scientists could identify an identical pattern across the world, which indicates that the virus, especially in the covid-19 period, has been surviving for longer times in regions with very low temperatures – around six °C – and very lower levels of humidity – approximately 30%. It is possible to harm the growth of the dehumidifiers.

Post Covid-19 Impact on Global Dehumidifier Market

After the covid-19 period, the global market’s development is driven by the rising uptake of desiccant dehumidifiers due to rapid industrialization, technological advancements, and stringent standards to promote energy savings and mitigate climate change. The market is attaining traction owing to the increasing uptake of these units across various settings to ensure occupant health and comfort after the pandemic.

By Type Segmental Analysis

Based on type segmental analysis, the market is segmented into Refrigerant Type Dehumidifier and Chemical Absorbent Dehumidifier. The chemical absorbent has dominated the market with a revenue share of over 50% and is anticipated to continue monopolizing the market over the forecast period. Chemical absorbents are widely chosen across all application areas, especially in industrial conditions, due to chemical absorbents’ effects on removing moisture and holding water vapor without ejecting any greenhouse gases. Chemical absorbent-based dehumidifiers can work with refrigeration-based dehumidifiers to provide dependable climate management in cooler environments.

By Application Segmental Analysis

Based on application segmental analysis, the market is segmented into Commercial, Industrial and Residential. The industrial component has the highest market share with a revenue share of more than 54% and is predicted to notice considerable growth over the forecast period. The transformation of the industries segment can be attributed to the growing need for dehumidifiers across different industries and industry verticals, such as electronics & semiconductors, fertilizer, leather, and food, to keep humidity levels and control any growth of mold and bacteria, which can potentially impact the quality of the products. The unabated development of different industries and industry verticals, extremely the food and medicine industries, is expected to drive the demand for dehumidifiers to protect food items and pharma products from spoilage.

By Regional Segmental Analysis

Based on the regional segmental analysis, the market is segmented into North America, Europe, Asia-Pacific, South America and The Middle East & Africa. North America maintains the highest share in the global market. It is also predicted to appear as the biggest regional market during the forecast period. Aggressive spending on constructing warehouses, residential facilities, and commercial buildings will push the regional market’s growth. Increasing awareness among individuals about following a healthier ambient environment also predicts well for the North Americas market’s growth.

Competitors Analysis

The Companies include DeLonghi Appliances S.r.l, AB Electrolux, General Filters, Inc., Haier Inc., Honeywell International Inc., Heat Controller, Inc., Thermo-Stor LLC, Whirlpool Corporation, Sunpentown International Inc., LG Electronics and other prominent players in the global humidifier market.

Key Stakeholders

Recent Developments

In February 2019, Lasko, a company established in the US specializing in Home Comfort Products, formulated Interex Inc., specializing in manufacturing high-quality air movement products. This purchase will help Lasko expand its business in B-Air’s product offerings. B-Air is a developer of air movers, dehumidifiers, air scrubbers, inflatable blowers etc.
HXPN, Inc., an emerging technologies and mineral resources development company, announced on 21st May 2021 that they acquired 100% of H2O EMC2, a development stage company.
H2O manufactures an Atmospheric Water Generator (AWG) that utilizes hydrogen-based clean power electricity. The H2O AWG will provide an efficient, reliable and affordable potable water solution to the world.

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD 3.91 Billion
The revenue forecast in 2028	USD 5.19 Billion
Growth Rate	CAGR of 6.6% from 2022 to 2028.
Historical data	2017- 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	The Companies include DeLonghi Appliances S.r.l, AB Electrolux, General Filters, Inc., Haier Inc., Honeywell International Inc., Heat Controller, Inc., Thermo-Stor LLC, Whirlpool Corporation, Sunpentown International Inc., LG Electronics are the key players.

Market Modelling

By Type

Refrigerant type Dehumidifier
Chemical Absorbent Dehumidifier

By Application

Commercial
Industrial
Residential

By Region

North America
Europe
Asia-Pacific
South America
The Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

At what CAGR the global dehumidifier market is growing?

The global dehumidifier market is growing at a CAGR of 6.6% during the forecast period of 2022-2028.

What are the latest opportunities present in the global dehumidifier market?

Who are the major key players in the global dehumidifier market?

The Companies include DeLonghi Appliances S.r.l, AB Electrolux, General Filters, Inc., Haier Inc., Honeywell International Inc., Heat Controller, Inc., Thermo-Stor LLC, Whirlpool Corporation, Sunpentown International Inc., LG Electronics are the key players in the global dehumidifier market.

Which region is expected to hold the largest share in the global dehumidifier market?

North America holds the largest share in the global dehumidifier market.

In which segment the global dehumidifier market is segmented?

The global dehumidifier market is segmented into types by application and region.

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Global Dehumidifier Market