Dehumidifier Market Size, Share & Trends Analysis Report By Technology (Refrigerative Dehumidifier, Desiccant Dehumidifier, Electronic/Heat Pump Dehumidifier), By Product, By Application, By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global dehumidifier market size was estimated at USD 2.91 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 6.8% from 2022 to 2030.  Improvement of norms and standards for managing and controlling the humidity for various industrial manufacturing is expected to drive market growth during the forecast period.

The outbreak of COVID-19 had a negative impact on the global dehumidifier market in 2020.  Demand for dehumidifiers plummeted as a result of the halted industrial manufacturing, warehousing, and commercial business. Owing to the lifted restrictions and improvement in the supply-demand chain, the market is expected to recover during the forecast period.

In the U.S., the dehumidifier market is expected to witness significant growth during the forecast period. The U.S. Environmental Protection Agency recommends a relative humidity in the range of 30% and 50% ideal for home. This has led to a rise in demand for dehumidifiers from the residential sector as homeowners are increasingly paying attention to indoor air quality.

The food, pharmaceutical, electronics, automotive, and chemical manufacturing industries are growing across the world due to the increasing demand. Some specific manufacturing has a strict limit for 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. It is 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 closely reflects the performance in basement settings.

Technology Insights

The global dehumidifier market is dominated by the desiccant dehumidifier in 2021, accounting for 56.2% 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% throughout 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 the products among consumers is likely to boost demand in the market.

The refrigerative segment is anticipated to grow in the market during 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 57.3% share in 2021. Fixed or mounted dehumidifier is preferred widely in various applications 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% during the forecast period.  Portable products work without attachment of ducting, within 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 2021. 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% during 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. 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 during 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 for the products to remain fresh. Moreover, a dehumidifier removes frost build-up on frozen food products. Growth in the retail business is expected to drive demand for dehumidifiers and market growth during the forecast period.

Regional Insights

North America dominated the global market accounting for a 36.3% share in 2021. The extensive industrial manufacturing, the strong establishment of commercial businesses, and growing awareness among the homeowners attributed to the large share. During the forecast period, new product launches and continuous industrial growth are the factors likely to drive regional market growth.

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

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

Demand for dehumidifiers in India is expected to increase throughout the forecast period owing to various factors. Increasing warehousing in India is one of the factors driving 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. Some of the prominent players in the global 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 Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global dehumidifier market based on the technology, product, application, and region:

• Technology Outlook (Revenue, USD Million; 2017 - 2030)

  • Refrigerative Dehumidifier

  • Desiccant Dehumidifier

  • Electronic/Heat Pump Dehumidifier

• Product Outlook (Revenue, USD Million; 2017 - 2030)

  • Portable Dehumidifier

  • Fixed Dehumidifier

• Application Outlook (Revenue, USD Million; 2017 - 2030)

  • Residential

  • Commercial

    • Fitness Centres & Swimming Pool

    • HoReCa

    • Other

  • Industrial

    • Warehouse & Storage

    • Manufacturing

    • Others

• Regional Outlook (Revenue, USD Million; 2017 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • South Africa