“Global Dehumidifier Market to reach a market value of USD 3.8 Billion by 2030 growing at a CAGR of 6.9%”
The Global Dehumidifier Market size is expected to reach $3.8 billion by 2030, rising at a market growth of 6.9% CAGR during the forecast period.
Moisture is a common adversary in the food and beverage industry, posing risks such as mold growth, spoilage, and the caking of powdered products. These devices play a vital role in preventing these issues by removing excess moisture from the air. Consequently, the food and beverage industry segment would acquire nearly 30% of the total market share in the Industrial application by 2030. This is particularly critical in storage areas, production facilities, and packaging units where precise humidity control is necessary. As a result, the segment will grow rapidly in the coming years.
Consumers are becoming more health-conscious and are recognizing the link between indoor air quality and various health issues, including respiratory problems and allergies. This heightened awareness drives a shift in consumer behavior, prompting individuals to proactively invest in these devices as a preventive measure against the adverse effects of excess humidity on health. Moreover, the awareness of indoor air quality is not limited to residential settings. Businesses, offices, and commercial establishments also acknowledge humidity's impact on employee health and well-being. Therefore, the market will expand rapidly in the upcoming years. Additionally, Construction sites, especially in humid climates, often face challenges related to excess moisture. High humidity levels can impede the drying process of construction materials, posing risks to the structural integrity of buildings. The demand for these devices arises as a solution to address these challenges. Moreover, newly constructed homes or buildings that have experienced high humidity during the construction phase may not provide a comfortable living environment for occupants. Thus, these aspects will lead to increased demand in the market.
However, these devices, especially older models or those without energy-efficient technologies, can contribute to increased energy consumption. Environmentally conscious consumers may hesitate to use or invest in these devices with a high environmental impact due to energy consumption. In addition, consumers, especially those who prioritize sustainability and energy efficiency, seek products that align with eco-friendly practices. Energy consumption concerns can lead environmentally conscious consumers to explore alternative solutions or delay the adoption of these devices, impacting the market share for less sustainable models. Therefore, these factors can reduce demand for these devices in the upcoming years.
By type, the market is segmented into chemical absorbent, refrigerant, and heat pumps. In 2022, the refrigerant segment acquired a considerable revenue share in the market. The choice of refrigerants in these devices is crucial for enhancing energy efficiency. Manufacturers are increasingly focusing on utilizing refrigerants that offer improved energy performance, lower environmental impact, and compliance with energy efficiency standards. Energy-efficient dehumidifiers are sought after by consumers for cost savings and sustainability. Thus, these aspects will lead to enhanced growth in the segment.
Based on application, the market is divided into industrial, commercial, and residential. In 2022, the commercial segment witnessed a substantial revenue share in the market. The focus on providing a comfortable and healthy indoor environment is a primary driver of these devices adoption in commercial spaces. Commercial establishments, such as offices, hotels, and retail spaces, use these to optimize indoor air quality. Controlling humidity levels contributes to a more pleasant atmosphere, reduces the risk of mold growth, and enhances the overall well-being of occupants. Therefore, these factors will lead to increased demand in the segment.
Based on product, the market is segmented into fixed and portable. In 2022, the portable segment garnered a significant revenue share in the market. Portable dehumidifiers allow users to place units based on immediate needs in various locations. This flexibility is particularly beneficial for residential users who may need to move the devices between different rooms or address specific areas with temporary humidity issues. Owing to these factors, the segment will witness increased demand in the coming years.
Free Valuable Insights: Global Dehumidifier Market size to reach USD 3.8 Billion by 2030
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The North America segment procured the highest revenue share in the market in 2022. North America exhibits diverse climates, including humid subtropical, semi-arid, and subarctic regions. Humidity levels can vary significantly across different seasons and geographical locations. The need for effective humidity control is pronounced, especially in regions experiencing high humidity levels. These devices are essential to address dampness, mold, and discomfort in homes and various indoor environments.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 2.2 Billion |
| Market size forecast in 2030 | USD 3.8 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 6.9% from 2023 to 2030 |
| Number of Pages | 223 |
| Number of Tables | 439 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Type, Product, Application, Region |
| Country scope |
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| Companies Included | AB Electrolux, Honeywell International, Inc., LG Electronics, Inc. (LG Corporation), Sunpentown, Inc., Therma-Stor LLC, Whirlpool Corporation, Condair Group AG, Munters Group AB and Bry-Air (Asia) Pvt Ltd (Pahwa Group) |
By Type
By Application
By Product
By Geography
This Market size is expected to reach $3.8 billion by 2030.
Increasing indoor air quality concerns are driving the Market in coming years, however, Significant energy consumption with dehumidifiers restraints the growth of the Market.
AB Electrolux, Honeywell International, Inc., LG Electronics, Inc. (LG Corporation), Sunpentown, Inc., Therma-Stor LLC, Whirlpool Corporation, Condair Group AG, Munters Group AB and Bry-Air (Asia) Pvt Ltd (Pahwa Group)
The expected CAGR of this Market is 6.9% from 2023 to 2030.
The Industrial segment led the Market by Application in 2022; thereby, achieving a market value of $2 Billion by 2030.
The North America region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.28 Billion by 2030.
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