Dehumidifier Market Size, Share & Trends Analysis Report By Product (Ventilating, Chemical Absorbent), By Technology (Sorption, Warm Condensation), By Application, And Segment Forecasts, 2018 - 2025

Industry Insights

The global dehumidifier market size was valued at USD 2.6 billion in 2017 and is expected to exhibit a CAGR of 6.7% from 2018 to 2025. The market has registered growth over the past few years owing to increase in product adoption in industrial and commercial sectors and introduction of strict energy-efficient regulations in the residential sector.

Dehumidifiers are devices or systems used to reduce humidity levels by eliminating water content from the air. Widely adopted for comfort or health reasons, they are used to eliminate water content from confined areas such as attics and basements, or to prevent mold, dampness, and musty odor in small spaces.

Government regulations and standards, such as AHAM 7008-2018/CSA SPE-7008-18/UL 7008-18, that focus on energy efficiency are propelling the use of dehumidifiers in the food and beverages and cold storage industries. Increasing construction activities, changing climate conditions, and increasing disposable income levels of consumers are expected to propel market growth over the forecast period. In addition, rising need to replace outdated products with cost-effective, compact, and energy-efficient variants in developed and developing regions is boosting the market.

The U.S. market is expected to register significant growth over the forecast period. This can be attributed to rising consumer inclination toward maintaining a healthy environment at home. The construction industry is widely deploying dehumidifiers to dry slabs and plasters, maintain proper conditions in hardware stores, and prevent the growth of mold.

However, high product cost is expected to restrict market growth over the forecast period. Cost of dehumidifiers is based on various factors such as capacity of selected product, outlet design, and difficulty in installation. Furthermore, they need regular and continuous cleaning and maintenance, which involves additional cost.

Product Insights

On the basis of product, the market can be segmented into chemical absorbent, heat pump, and ventilating dehumidifier. The heat pump segment is projected to witness significant growth owing to advantages offered by these machines, such as low energy consumption, high performance, and eco-friendliness. Heat pumps are economical alternatives for the dehumidification process across residential, commercial, and industrial applications. Recent developments in heat pumps include incorporation of advanced cycle designs with heat driven ejectors that improve efficiency of these devices.

Technological advancements, coupled with changes in government and organizational regulations for energy consumption, are contributing to 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.

Technology Insights

On the basis of technology, the dehumidifier market can be segmented into cold condensation, sorption, warm condensation, and others. Sorption technology uses two types of dehumidification processes, namely absorption and adsorption. Introduction of a full-scale sorption dehumidifier with a steam-dried regeneration circuit, which use waste energy for its operation, is expected to boost the growth of the sorption segment.

This technology is used mostly in various industrial applications such as food storage, chemical storage, and pharmaceuticals, as well as the army. This is also expected to propel segment growth over the coming years. Furthermore, increasing volume of cold storage units and need to prevent food products such as meat and dairy from spoilage is expected to accelerate segment growth.

Application Insights

Based on application, the market can be segmented into residential, commercial, and industrial. The industrial segment includes food and beverages, cold storage, pharmaceutical, maritime, ice rinks, and construction applications. Increasing infrastructure activities in commercial sectors, such as hospitals, schools, and departmental stores, are anticipated to fuel the commercial segment over the forecast period.

Moreover, development of portable and energy-efficient dehumidifiers is expected to increase product demand for residential and commercial applications. Introduction of devices that are equipped with digital control systems and are easy to install, access, and control is expected to propel the residential segment.

Regional Insights

North America and Europe are mature markets as advanced energy-efficient systems have been mandated by government regulations in these regions. Growing adoption in restaurants and hotels for maintaining food quality and to keep inventory moisture-free is anticipated to drive the market over the forecast period.

North America dominated the market in terms of revenue in 2017. Asia Pacific, on the other hand, is expected to register the fastest growth over the forecast period, owing to rising demand for compact and maintenance-free dehumidifiers. Countries such as India, China, and Japan have extensive coastlines and hence, witness high humidity levels. Need to maintain humidity levels in homes, hotels, restaurants, and several industries in coastal regions is another factor expected to propel the APAC market.

Dehumidifier Market Share Insights

Key players in the market include Airwatergreen; De’Longhi Appliances S.r.I; General Filters, Inc.; Honeywell International, Inc.; Munters; and Seibu Giken DST AB. In May 2018, Munters launched the Climatix technology for air treatment. This is a cloud-based technology with a gateway device that allows GSM-based connection of dehumidifiers with Climatix control. With the help of this system, users can control humidity settings through remote location and analyze historical data from the equipment.

Furthermore, players have been investing heavily in research and development activities to develop cost-effective and energy-efficient products. Continental AG holds a significant share in the market owing to the number of production facilities it owns. The company mainly focuses on developing innovative products and distributes them using its strong distribution network in various countries such as U.S., Germany, China, and Brazil.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global dehumidifier market report on the basis of product, technology, application, and region:

• Product Outlook (Revenue, USD Million, 2014 - 2025)

  • Chemical Absorbent

  • Heat Pump

  • Ventilating Dehumidifier

• Technology Outlook (Revenue, USD Million, 2014 - 2025)

  • Cold Condensation

  • Sorption

  • Warm Condensation

  • Others

• Application Outlook (Revenue, USD Million, 2014 - 2025)

  • Commercial

  • Industrial

  • Residential

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa (MEA)

    • Saudi Arabia

    • UAE