Global Dehumidifier Market Overview
The Dehumidifier Market Size was estimated at 12.65 (USD Billion) in 2022. The Dehumidifier Industry is expected to grow from 13.18(USD Billion) in 2023 to 19.0 (USD Billion) by 2032. The Dehumidifier Market CAGR (growth rate) is expected to be around 4.15% during the forecast period (2024 - 2032).
Key Dehumidifier Market Trends Highlighted
The Dehumidifier Market is driven by factors such as rising humidity levels and growing awareness of health concerns associated with indoor humidity. The increasing prevalence of respiratory and allergic conditions, particularly in urban areas, has led to a surge in demand for dehumidifiers. The rising construction of energy-efficient buildings with tight insulation and limited ventilation also contributes to increased indoor humidity levels, further fueling market growth.Key opportunities exist in the development of innovative features such as smart connectivity, remote monitoring, and energy-saving modes. Manufacturers are focusing on introducing dehumidifiers with automatic humidity control, adjustable fan speeds, and sleep modes to cater to the evolving needs of consumers. Additionally, the expansion of the healthcare industry and the growing awareness of the role of air quality in healthcare facilities present significant opportunities for the market.Recent trends in the Dehumidifier Market include the adoption of eco-friendly refrigerants and the integration of advanced technologies. Environmental concerns are driving the shift towards natural refrigerants such as R32 and R290, which have lower global warming potential and ozone depletion potential. Furthermore, the integration of Internet of Things (IoT) capabilities enables dehumidifiers to connect to smart devices, allowing for remote control and monitoring of humidity levels.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dehumidifier Market Drivers
Rising Demand for Energy-Efficient Appliances
The main drive for the Global Service Robot Market Industry is the rapidly growing population, which leads to the high demand for service robots. The fact that the global population is increasing day by day poses an emerging issue within the community; thus production of service robots has become the major alternative to curb such a problem. On the other hand, another main drive for the service robot market industry is the technological advancement towards the production of service robots.The high rate at which technology is growing and developing have made work and life in general easy to human beings. Participants of the dehumidifiers deemed some features in the air conditioners. Such features include using bottled water or ice to provide a humidifying breeze.
Growing Prevalence of Respiratory Issues
The higher prevalence of respiratory problems such as asthma and allergies is another crucial driver for the Dehumidifier Market Industry. To elaborate, by extracting excessive moisture from the air, dehumidifiers appear to improve the quality of the air, and that may heavily affect the symptoms of people struggling with respiratory problems. Decidedly, the more individuals are diagnosed with respiratory issues, the greater the demand for dehumidifiers.
Increasing urbanization and Industrialization
Urbanization and industrialization seem to be increasing, and this is one of the factors contributing to the growth of the Dehumidifier Market Industry. As we move into the cities, we tend to live in smaller spaces with also little ventilation. This condition will thus increase the humidity in the space, which might create room for mold and mildew. The dehumidifiers will thus be able to control the humidity level in a specific area, making it a much safer and more comfortable place to live in for the occupants.
Dehumidifier Market Segment Insights
Dehumidifier Market Type Insights
Type Segment Insights and Overview The Dehumidifier Market consists of three different types: Mechanical Dehumidifiers, Electrical Dehumidifiers, and Chemical Dehumidifiers. The Mechanical Dehumidifiers segment represented the largest market share via revenue in 2023, and it is predicted to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the rising demand for energy-efficient and cost-effective dehumidifiers. Electrical Dehumidifiers are forecasted to exhibit the highest CAGR between 2023 and 2032, as they are capable of removing moisture from the air highly efficiently and rapidly.The increasing demand for dehumidifiers in the residential, commercial, and industrial sectors is the key driving factor of this market. Consumers are opting to use dehumidifiers to control humidity levels in these areas to avoid problems related to humidity, such as mold growth, condensation, and rust. Moreover, the knowledge of the health benefits of controlling appropriate humidity levels is also contributing to the market growth.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dehumidifier Market Capacity Insights
In accordance with the capacity of the appliance, the Dehumidifier Market may be segmented according to the size of the appliance. As a rule, the capacity of the small dehumidifiers is below 10 pints/day; of the medium appliance, it may be between 10 and 50 pints/day, while large devices are over 50 points/day. In this respect, the medium capacity segment is likely to develop most actively. In 2023, it is likely to be more than 45% of the Dehumidifier Market by revenue. The growth of the medium segment is accounted for by the fact that medium dehumidifiers are very popular in both residential and commercial markets.On the one hand, the appliance helps to remove any excessive moisture from the air within a dehumidifier’s coverage area. On the other hand, they are strong enough to solve most air-related needs. In turn, the small capacity segment is also likely to grow due to its being more portable and affordable relative to the other segments. The small-size dehumidifiers may be carried from one premise to another and, at the same time, are developed to be used in bedrooms, bathrooms, or any other smaller rooms. Finally, the growth of the large-capacity segment is likely to be stable.It is accounted for by the rather developed industrial and commercial markets. As a rule, many industrial and business buildings use a large-capacity dehumidifier to control moisture more effectively.
Dehumidifier Market Application Insights
The Dehumidifier Market segmentation by Application comprises Residential, Commercial, and Industrial segments. The residential segment held the largest market share in 2023 and is projected to grow at a steady pace through 2032, driven by rising consumer awareness about the benefits of dehumidifiers in improving indoor air quality and reducing the risk of mold and mildew growth. Increasing disposable income and urbanization are also contributing to the growth of the residential segment. The commercial segment is expected to witness significant growth over the forecast period due to increasing demand from offices, hospitals, schools, and other commercial establishments.Growing concerns about employee and occupant health and well-being are driving the adoption of dehumidifiers in commercial spaces. The industrial segment is projected to grow at a moderate pace, driven by demand from industries such as manufacturing, food processing, and pharmaceuticals, where controlled humidity levels are crucial for maintaining product quality and preventing damage to equipment.
Dehumidifier Market Technology Insights
Technology Segment Insight and Overview The Dehumidifier Market is segmented by technology into refrigerant-based and desiccant-based. Refrigerant-based dehumidifiers use a compressor and refrigerant to cool and condense water vapor from the air, while desiccant-based dehumidifiers use a desiccant material to absorb moisture from the air. In 2023, the refrigerant-based segment accounted for a revenue share of around 65% of the Dehumidifier Market. This dominance is attributed to the lower cost and higher energy efficiency of refrigerant-based dehumidifiers compared to desiccant-based dehumidifiers.However, the desiccant-based segment is expected to grow at a faster CAGR of 5.2% over the forecast period, owing to the increasing demand for energy-efficient and environmentally friendly dehumidifiers. Key factors driving the growth of the refrigerant-based dehumidifier market include rising demand for dehumidifiers in residential and commercial applications, increasing awareness of the benefits of dehumidifiers in improving indoor air quality, and technological advancements that have led to the development of more efficient and compact dehumidifiers.The growth of the desiccant-based dehumidifier market is expected to be driven by increasing demand for dehumidifiers in industrial applications, growing awareness of the benefits of desiccant-based dehumidifiers in controlling humidity levels in sensitive environments, and government regulations promoting the use of energy-efficient appliances.
Dehumidifier Market Portability Insights
The portability segment of the Dehumidifier Market is categorized into portable and fixed dehumidifiers. Portable dehumidifiers, designed for flexibility and ease of use, are commonly utilized in smaller spaces or for temporary dehumidification needs. Fixed dehumidifiers, on the other hand, are permanently installed in a specific location and are ideal for larger areas or continuous dehumidification requirements. In 2023, the portable dehumidifier segment held a significant market share due to its versatility and affordability, particularly for residential and commercial spaces.As per market projections, the portable dehumidifier segment is anticipated to maintain a steady growth trajectory over the forecast period, driven by increasing demand for convenient and portable dehumidification solutions.
Dehumidifier Market Regional Insights
The Dehumidifier Market is segmented into North America, Europe, APAC, South America, and MEA. The regional segmentation of the market provides insights into the growth potential and market size of each region. The North American region is expected to dominate the Dehumidifier Market in 2023, with a market valuation of USD 4.58 billion and a projected CAGR of 3.8% by 2032, reaching a valuation of USD 6.15 billion. The European region is projected to grow at a CAGR of 4.0% during the forecast period, with a market valuation of USD 3.21 billion in 2023, reaching USD 4.33 billion by 2032.The APAC region is expected to experience significant growth, with a CAGR of 4.6%, increasing from a market valuation of USD 3.69 billion in 2023 to USD 5.07 billion by 2032. South America and MEA are projected to grow at CAGRs of 4.2% and 3.9%, respectively, during the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dehumidifier Market Key Players And Competitive Insights
The majority of major players in the Dehumidifier Market industry are focusing to maintain their competitive position relative to their competitors. The major manufacturers are investing major amounts of research and development and advanced technology, offering to satisfy the requirements of customers and, due to this, developing innovative products and discoveries. Furthermore, some of the largest Dehumidifier Market manufacturers in the global market are forming collaborations and investing in mergers. Leading companies are examining the possibility of expansion by increasing their presence at the global level. Also, they are using new manufacturing facilities for Dehumidifier Market production, particularly in one of the most rapidly developing markets.The successful Dehumidifier Market expansion depends on the appropriate choice of location for the move. In addition, major Dehumidifier Market manufacturers are focusing on the expansion of the distribution network, as the Dehumidifier Market regional markets are growing. The advantages of such policies are significant. Thousands of units of the Dehumidifier Market are purchased on a daily basis, and one easily notices that the number of manufacturers is constantly growing. However, it is equally important to stress that the level of rivalry is very high, at least in terms of the business. One of the major Dehumidifier Market competitors is considered to be Whirlpool Corporation. One of the main advantages of this company is its comprehensive product line. Whirlpool Corporation idealizes its products as being the ones offering its customers a unique interaction with every touch. In addition, Whirlpool Corporation manufactures dehumidifiers equipped with energy-efficient features. Whirlpool Corporation offers dehumidifiers for more than ten countries, including Western Europe, NIS, North America, and Latin America in total.
Key Companies in the Dehumidifier Market Include
- LG Electronics
- Sharp Corporation
- Haier Group
- Samsung Electronics
- Blaux
- Whynter
- Midea Group
- Inofia Technologies
- Honeywell International
- Meaco Dehumidifiers
- Frigidaire Home Appliances
- Whirlpool Corporation
- Danby Products
- ovation
- De'Longhi Appliances
Dehumidifier Market Industry Developments
The Dehumidifier Market is projected to reach USD 19.0 billion by 2032, exhibiting a CAGR of 4.15% during the forecast period of 2024-2032. Rising concerns over indoor air quality and increasing disposable income are driving market growth. Technological advancements such as smart dehumidifiers with Wi-Fi connectivity and energy-efficient features are further propelling the market. Additionally, the increasing prevalence of respiratory ailments and allergies is contributing to the growing demand for dehumidifiers, especially in residential and commercial settings. Recent news developments include the launch of innovative dehumidifiers with advanced filtration systems and the expansion of key players into emerging markets.
Dehumidifier Market Segmentation Insights
-
Dehumidifier Market Type Outlook
- Mechanical Dehumidifiers
- Electrical Dehumidifiers
- Chemical Dehumidifiers
-
Dehumidifier Market Capacity Outlook
- Small (below 10 pints/day)
- Medium (10-50 pints/day)
- Large (over 50 pints/day)
-
Dehumidifier Market Application Outlook
- Residential
- Commercial
- Industrial
-
Dehumidifier Market Technology Outlook
- Refrigerant-based
- Desiccant-based
-
Dehumidifier Market Portability Outlook
-
Dehumidifier Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Report Attribute/Metric |
Details |
Market Size 2022 |
12.65(USD Billion) |
Market Size 2023 |
13.18(USD Billion) |
Market Size 2032 |
19.0(USD Billion) |
Compound Annual Growth Rate (CAGR) |
4.15% (2024 - 2032) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2023 |
Market Forecast Period |
2024 - 2032 |
Historical Data |
2019 - 2023 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
LG Electronics, Sharp Corporation, Haier Group, Samsung Electronics, Blaux, Whynter, Midea Group, Inofia Technologies, Honeywell International, Meaco Dehumidifiers, Frigidaire Home Appliances, Whirlpool Corporation, Danby Products, aviation, De'Longhi Appliances |
Segments Covered |
Type, Capacity, Application, Technology, Portability, Regional |
Key Market Opportunities |
Rising demand for indoor air quality control Growing awareness of health issues related to humidity. Increasing construction activities New buildings and renovations create opportunities for dehumidification systems. Expansion of commercial and industrial applications Warehouses, data centers, and manufacturing facilities require humidity control. Growing popularity of portable dehumidifiers Convenience and affordability for personal use Technological advancements Smart devices with advanced features and energy efficiency |
Key Market Dynamics |
1 Rising demand for indoor air quality control2 Increasing urbanization and population density3 Growing health consciousness and preference for comfortable indoor environments4 Technological advancements and product innovations5 Expansion of smart home and connected devices |
Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Dehumidifier Market size was valued at USD 13.18 billion in 2023 and is projected to grow at a CAGR of 4.15% from 2024 to 2032, reaching USD 19.0 billion by 2032.
The key regions in the Dehumidifier Market are North America, Europe, Asia-Pacific, and the Rest of the World. North America held the largest market share in 2023, followed by Europe and Asia-Pacific.
Major applications of Dehumidifiers include residential, commercial, and industrial. Residential applications accounted for the largest share of the market in 2023.
Key competitors in the Dehumidifier Market include Midea, Gree Electric, LG Electronics, Haier, Whirlpool, and De'Longhi.
Growth drivers of the Dehumidifier Market include increasing demand for dehumidification in residential and commercial buildings, rising awareness of the health benefits of dehumidifiers, and technological advancements.
Challenges faced by the Dehumidifier Market include intense competition, fluctuating raw material prices, and stringent government regulations.
Opportunities for growth in the Dehumidifier Market include expanding into emerging markets, developing new products, and investing in research and development.
Key trends in the Dehumidifier Market include the growing adoption of smart Dehumidifiers, the increasing popularity of portable Dehumidifiers, and the rising demand for energy-efficient Dehumidifiers.
The Dehumidifier Market is expected to grow at a CAGR of 4.15% from 2023 to 2032, reaching USD 19.0 billion by 2032.
Major factors driving the growth of the Dehumidifier Market include increasing demand for dehumidification in residential and commercial buildings, rising awareness of the health benefits of dehumidifiers, and technological advancements.