Dehumidifier Market Size, Share & Trends Analysis Report By Product (Ventilating, Chemical Absorbent), By Technology (Sorption, Warm Condensation), By Application, By Region, And Segment Forecasts, 2021 - 2028

Report Overview

The global dehumidifier market size was valued at USD 3.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.0% from 2021 to 2028. The strong emphasis households are putting on controlling the moisture content in the ambient air to prevent any growth of bacteria and mold, which can pose health risks, is expected to drive the growth of the market over the forecast period. The eminent need to maintain appropriate moisture levels in industrial environments to control the quality of the production is expected to contribute to the growth. Continued industrialization and the growing need for energy-efficient products also bode well for the growth of the market.

The U.S. market is expected to register significant growth over the forecast period. Consumers in the U.S. are giving a high preference for healthier indoor environments. As a result, the demand for advanced portable dehumidifiers with automatic temperature and humidity sensing capabilities is increasing. The need to dry plasters and slabs quickly and to maintain optimum humidity levels in real-estate hardware stores is also driving the demand for dehumidifiers across the U.S.

Dehumidifiers help in maintaining the humidity levels in ambient air at desired levels, particularly for comfort and health reasons. Human health is particularly at risk as continued industrialization and the subsequent climate change have triggered humidity levels to extremes in several regions across the globe. A recent study in 2021 by Consumer Reports, Inc., a non-profit organization that helps consumers, policymakers, and enterprises with insights to shape a sustainable marketplace, highlighted that humidity levels above 50% can induce allergies or asthma among human beings. As a result, dehumidifiers are increasingly being adopted for both household environments and commercial environments, such as hospitals, schools, and departmental stores, to prevent the growth of mold, dust mites, and mildew; to improve the ambient air quality, and to ensure a healthy and comfortable environment free from any excessive humidity levels.

Stringent energy-efficiency standards being drafted by various governments are particularly driving the demand for energy-efficient dehumidifiers. Several governments across the globe are drafting standards, such as AHAM 7008-2018/CSA SPE-7008-18/UL 7008-18, Sustainability Standard for Household Dehumidifier Appliances, to promote energy savings. Energy Star is one such initiative being pursued by the U.S. Department of Energy and the U.S. Environmental Protection Agency to ensure significant savings on energy bills. The increasing awareness about such standards and initiatives among consumers is driving the demand for energy-efficient dehumidifiers. Subsequently, the changing dynamics in procuring dehumidifiers based on the Energy Star rating of products is prompting vendors of dehumidifiers to opt for energy-efficient components, including compressors, coils, and fans, while manufacturing their products, thereby contributing to the growth of the market.

The outbreak of the COVID-19 pandemic had a mixed impact on the growth of the market in 2020. The lockdowns and the restrictions on the movement of people and goods imposed by various governments as part of the efforts to arrest the spread of coronavirus triggered several issues ranging from unavailability of an adequate workforce to supply chain disruptions. As a result, although the demand for dehumidifiers increased across all application areas, a supply shortage was evident owing to the restrictions on logistics operations. Nevertheless, the market is poised for a gradual recovery as the restrictions are lifted, the demand-supply situation limps back to normal, and market players realign their business goals for the post-COVID-19 era.

Product Insights

The chemical absorbent segment dominated the market in 2020 with a revenue share of over 50% and is expected to continue dominating the market over the forecast period. Chemical absorbents are widely preferred across all application areas, particularly in industrial environments, owing to the properties of chemical absorbents to extract moisture and hold water vapor without emitting any greenhouse gases. Chemical absorbent-based dehumidifiers can operate efficiently when used alongside refrigeration-based dehumidifiers to ensure reliable climate control in cooler environments. Looking forward, the advances in climate control technology are expected to aid in the growth of the segment over the forecast period.

The heat pump segment is also anticipated to witness significant growth over the forecast period. Heat pumps are equally efficient in removing moisture from the ambient air and are often considered an alternative for air conditioners to help in dehumidifying the ambient air in residential environments during winters. Advances in the designs of heat pumps, such as advanced cycle designs with heat-driven ejectors, can potentially improve device efficiency while reducing energy consumption. Continued product developments are driving the preference for heat pumps for dehumidification applications across residential, commercial, and industrial environments to protect building fabric, shield industrial products from excessive moisture levels, and ensure personal comfort, among other purposes.

Technology Insights

The sorption segment dominated the global dehumidifier market in 2020 with a revenue share of around 50% and is estimated to register significant growth over the forecast period. The dehumidification process of the technology comprises primarily absorption and adsorption processes. The technology envisages passing the air required to be dehumidified through rotating desiccant rotors to absorb moisture. Sorption technology is particularly preferred for large rooms, warehouses, and industrial processes owing to the ability of the technology to remove moisture using rotors.

The warm condensation segment is expected to expand at a rapid CAGR over the forecast period. The warm condensation technology is particularly preferred for industrial and commercial applications. The technology envisages using over-saturated steam in a closed environment to dehumidify the air at sub-zero temperatures. The growth of the segment can be attributed to the advances in technology to enable dehumidifiers to operate at varying indoor temperature ranges while reducing energy consumption.

Applications Insights

The industrial segment dominated the market in 2020 with a revenue share of more than 55% and is expected to witness significant growth over the forecast period. The growth of the segment can be attributed to the growing demand for dehumidifiers across various industries and industry verticals, such as electronics & semiconductors, fertilizer, leather, and food, to maintain humidity levels and prevent any growth of mold and bacteria, which can potentially affect the quality of the products. The unabated growth of various industries and industry verticals, especially the food and pharmaceutical industries, is particularly expected to drive the demand for dehumidifiers to protect food items and pharma products from spoilage. The continued establishment of cold storage units, warehousing units, and pharmaceutical manufacturing units is also expected to contribute to the growth of the segment.

The commercial segment is expected to register significant growth over the forecast period. Humidity levels in commercial installations need to be controlled to prevent any growth of mold and fungus, which can potentially affect the ambient air quality and walls while spoiling various products. Hence, dehumidifiers are increasingly being installed in commercial environments, such as schools, hospitals, and departmental stores. Dehumidifiers are also used in commercial buildings to prevent water leakage and aid in water damage restoration tasks and costly repairs. The increasing construction activities across regions with high humidity levels also bode well for the growth of the segment over the forecast period.

Regional Insights

North America dominated the global market in 2020 with a revenue share of around 39%. It is also expected to emerge as the largest regional market over the forecast period. Aggressive spending on the construction of warehouses, residential establishments, and commercial buildings is expected to drive the growth of the regional market. Growing awareness among individuals about ensuing a healthier ambient environment also bodes well for the growth of the regional market.

Asia Pacific is expected to expand at the fastest CAGR over the forecast period. Unabated industrialization in the economies, such as China, India, Japan, and Southeast Asian countries, is expected to drive the demand for dehumidifiers in the Asia Pacific region. The rising levels of disposable income in the region, growing preference for a healthier ambient environment, and a strong emphasis on reducing energy consumption are some of the other factors that are expected to drive the growth of the regional market. The continued establishment of warehousing units and the rollout of cold chain logistics to cater to the rising demand for food, medicines, and other perishable products also bode well for the growth of the regional market.

Key Companies & Market Share Insights

The market can be described as a fragmented market characterized by the presence of both local and global dehumidification systems providers. The established market players are putting a strong emphasis on investing in new generation technologies to develop smart, energy-efficient dehumidifiers. For instance, in February 2018; General Filters, Inc. introduced GeneralAire DH75 and DH100 residential whole-house dehumidifiers. These digital, Wi-Fi-controlled dehumidifiers boast a touch screen and are ideal for constrained environments, crawl spaces, attics, and basements in residential and light commercial buildings.

Similarly, in June 2019, Honeywell International, Inc. introduced the Honeywell TP Series, a new line of dehumidifiers. These dehumidifiers offer a user-friendly interface and integrate various safety features, including low maintenance usability. On the other hand, the market competition is intensifying as market players are increasingly signing contracts and striking partnerships with the end-users. For instance, in June 2021, Airwatergreen AB announced that WOHLINS FRYSHUS LOGISTIK AB, a cold chain logistics and warehousing service provider based in Sweden, selected the company’s REX dehumidifier to manage the humidity level in its cold storage hall in Halmstad, Sweden. Some of the prominent players operating in the global dehumidifier market are:

• Munters

• Airwatergreen AB

• Therma-Stor LLC

• De’Longhi Appliances S.r.l

• Frigidaire

• Honeywell International, Inc.

• GE Appliances, a Haier company

• General Filters, Inc.

Dehumidifier Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2028. For this study, Grand View Research has segmented the global dehumidifier market report based on product, technology, application, and region:

• Product Outlook (Revenue, USD Billion, 2018 - 2028)

  • Chemical Absorbent

  • Heat Pump

  • Ventilating Dehumidifier

• Technology Outlook (Revenue, USD Billion, 2018 - 2028)

  • Cold Condensation

  • Sorption

  • Warm Condensation

  • Others

• Application Outlook (Revenue, USD Billion, 2018 - 2028)

  • Industrial

  • Commercial

  • Residential

• Regional Outlook (Revenue, USD Billion, 2018 - 2028)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • MEA