Dehumidifier Market Size, Share & Trends Analysis Report By Technology (Refrigerative Dehumidifier), By Product, By Application, By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global dehumidifier market size was estimated at USD 3,030.8 million in 2022 and is anticipated to grow at a compounded annual growth rate (CAGR) of 6.8% from 2023 to 2030. Dehumidifiers comprise the equipment or systems used to reduce humidity by eliminating the water vapor content from the air. Dehumidifiers are widely used for comfort or health reasons. They are also used to remove water from confined areas such as attics and basements, or to prevent mold, dampness, and musty odors in crawl spaces.

The dehumidifiers market experienced a correction in 2022 owing to increasing respiratory problems arising from pollutants that are formed in high-humidity environments. Allergens such as mold, mildew, and dust mites thrive in high humidity, making it challenging for individuals with chronic lung diseases to breathe in such conditions. As a result, dehumidifiers are being widely adopted in homes to control moisture and maintain humidity levels inside the house, thereby increasing the demand for dehumidifiers post-pandemic.

In the U.S., the dehumidifier market is expected to witness significant growth over the forecast period. The U.S. Environmental Protection Agency (EPA) recommends a relative humidity in the range of 30% and 50% ideal for homes and plays a vital role in public health. This has led to a rise in demand from the residential sector as homeowners are increasingly paying attention to indoor air quality.

The food, pharmaceutical, electronics, automotive, and chemical manufacturing industry is growing across the world owing to the increasing demand. Some specific manufacturing has a strict limit for the relative humidity and moisture in the air, which requires a dehumidifier. The market is poised to witness significant growth due to the increasing demand from the industrial sector.

Additionally, the rising health consciousness of the masses is influencing the growth of fitness centers, sports arenas, and swimming pools. The use of a dehumidifier is very important at these centers to keep the moisture level low in order to avoid dampness and protect equipment from damage. The dehumidifier market is expected to register growth owing to increased demand from fitness centers.

In the market, demand for energy-efficient dehumidifiers is increasing, driven by the standards implemented by various governments. The U.S. Department of Energy (DOE) updated the energy standard for dehumidifiers in 2019. With this standard in effect, all new dehumidifiers will be rated with IEF value by the new test, which more closely reflects the performance in basement settings.

Technology Insights

The global dehumidifier market is dominated by the desiccant dehumidifier in 2022, accounting for 56.3% of the market share. A desiccant dehumidifier is used in a wide variety of industries to remove excess moisture and improve the efficiency of the process and the quality of the product. It can be employed in industries where low RH values are required, such as food, pharmaceutical, and electronic industries.

The electronic/heat pump dehumidifier segment is expected to register a growth of a CAGR of 6.6% over the forecast period. The use of electronic/heat pump dehumidifiers to improve residential air quality and to store goods & materials is gaining momentum. Increasing awareness about the high efficiency of products among consumers is likely to boost demand in the market.

The refrigerative segment is anticipated to grow in the market over the forecast period attributed to the increasing applications in warehousing, storage, indoor pools, and grow rooms. This type of dehumidifier comes in freestanding or portable units and can be stackable. Moreover, these models also feature Wi-Fi or Bluetooth for remote control.

Key players are increasingly spending on research and development activities to innovate products that can reach the required humidity and temperature while being energy-efficient. Such product developments in the market are also significantly contributing to the growth of the industry for dehumidification applications across the residential, commercial, and industrial sectors.

Product Insights

The fixed segment dominated the global market accounting for a 57.2% share in 2022. Fixed or mounted dehumidifier is preferred widely in various application in the commercial, industrial as well as residential sector. Such fixed dehumidifiers continuously operate and offer drying solutions for rooms with high relative humidity.

The fixed dehumidifiers available in the market can be mounted or fixed on walls & ceilings and inside crawl spaces. This type of dehumidifier is widely used in a system where dehumidification for large rooms is required such as drying rooms, storage rooms, archives, production facilities, and leisure centers.

The portable segment is expected to grow at a CAGR of 7.1% over the forecast period. A portable products works without the attachment of ducting within the space requiring dehumidification. The portable segment growth is significantly driven by the rising demand from the residential sector.

The rising health consciousness and the importance of indoor air quality are influencing consumer purchasing behavior with increased interest in products for moisture control in the home. Moreover, the growth of the segment is facilitated by increasing product awareness among the masses, rising consumer disposable income, and new product launches in the market.

Application Insights

The industrial segment dominated the market accounting for a 45.5% share in 2022. A dehumidifier is used in the industrial sector for various applications such as drying products, controlling relative humidity, and removing excess moisture. The growth in the manufacturing industry, warehousing, and water treatment plants is likely to drive segment growth.

The residential sector is anticipated to witness strong growth with a CAGR of 7.2% over the forecast period. With the use of a dehumidifier, indoor air quality can be improved as well as prevent any growth of bacteria and mold that could pose a health risk. The increasing health consciousness among consumers is expected to boost the demand for dehumidifiers.

The commercial segment is also expected to grow at a robust growth over the forecast period. This is significantly attributed to the rising demand for dehumidifiers for application in HoReCa, health centers, swimming pools, supermarkets, etc. Relative humidity and moisture control are crucial in the growth of molds and fungus; therefore, these products play an essential role in commercial businesses.

Dehumidifiers are increasingly used in grocery stores, supermarkets, and hypermarkets. Food retailing requires specific temperatures and moisture in order for products to remain fresh. Moreover, a dehumidifier removes frost build-up on frozen food products. Growth in the retail business is expected to drive the demand for dehumidifiers and market growth over the forecast period.

Regional Insights

North America dominated the global market accounting for a 36.3% share in 2022. The extensive industrial manufacturing, the strong establishment of commercial businesses, and growing awareness among the homeowners attributed to the large share. Over the forecast period, new product launches and continuous industrial growth are likely to drive regional market growth.

Asia Pacific is anticipated to grow at a CAGR of 7.3% over the forecast period. The growth in industrial manufacturing owing to increasing investments is expected to drive the demand for dehumidifiers. Moreover, rising product awareness, changing lifestyles, and increasing disposable income in the region are expected to boost the growth of the dehumidifier market.

The Middle East and Africa segment is projected to witness strong growth over the forecast period. This is significantly attributed to the growth of the non-oil sector in Arabian countries. The governments in these countries are increasingly investing in industrial manufacturing which is expected to drive the demand for dehumidifiers over the forecast period.

The demand for dehumidifiers in India is expected to increase over the forecast period owing to various factors. Increasing warehousing in India is one of the factors driving the demand in the country. According to the Knight Frank Asia-Pacific Logistics report, Mumbai, Bangalore, and Delhi have witnessed strong growth in the warehousing market.

Key Companies & Market Share Insights

The key players are actively focusing on several strategies, including product innovation, research & development, geographical expansion, partnership, and joint venture. With these strategies, key players aim to increase industry penetration.

For instance, in June 2021 Bry-Air Inc. launched a new website and online store. The e-commerce website presents information and online shopping for commercial and industrial desiccant dehumidification products. This upgrade is expected to facilitate the company’s business opportunities and help gain market penetration. Furthermore, in June 2021, Airwatergreen AB announced that WOHLINS FRYSHUS LOGISTIK AB, a Sweden-based cold chain logistic & warehousing service provider, selected its REX dehumidifier to manage the humidity level in its cold storage hall in Halmstad. Some prominent players in the dehumidifier market include:

• LG Electronics Inc.

• Honeywell International Inc.

• Haier company

• De’Longhi Appliances S.r.l.

• Whirlpool Corporation

• Munters Group

• CondAir Group

• Bry-Air Inc.

• Stulz GmbH

• Danby Products Ltd.

Dehumidifier Market Report Scope

Global Dehumidifier Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the dehumidifier market on the basis of technology, product, application, and region:

• Technology Outlook (Revenue, USD Million; 2018 - 2030)

  • Refrigerative Dehumidifier

  • Desiccant Dehumidifier

  • Electronic/Heat Pump Dehumidifier

• Product Outlook (Revenue, USD Million; 2018 - 2030)

  • Portable Dehumidifier

  • Fixed Dehumidifier

• Application Outlook (Revenue, USD Million; 2018 - 2030)

  • Residential

  • Commercial

    • Fitness Centers & Swimming Pool

    • HoReCa

    • Other

  • Industrial

    • Warehouse & Storage

    • Manufacturing

    • Other

• Regional Outlook (Revenue, USD Million; 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • South Africa