The Dehumidifier Market is Predict to reach $3.8 Billion by 2030, at a CAGR of 6.9%

02-Feb-2024 | Report Format: Electronic (PDF)

Dehumidifier Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, 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.

The Chemical Absorbent segment is registering a CAGR of 6.4 % during the forecast period. Chemical absorbents, particularly desiccants like silica gel or zeolites, are known for their effectiveness in high-humidity conditions. In environments where traditional refrigeration-based dehumidifiers may be less efficient, chemical absorbent dehumidifiers can offer an alternative solution. Thus, these factors will assist in the growth of the segment.

The Industrial segment led the Global Dehumidifier Market by Application in 2022; thereby, achieving a market value of $2 Billion by 2030. Industries, particularly those involved in precision manufacturing, pharmaceuticals, electronics, and food processing, strongly emphasize maintaining consistent quality standards. Dehumidifiers contribute to quality control by preventing moisture-related issues such as material deformities, corrosion, and contamination, ensuring that products meet stringent specifications. Thus, these aspects will pose lucrative growth prospects for the segment.

The Fixed segment is growing at a CAGR of 6.5 % during the forecast period. In industrial environments, fixed or mounted dehumidifiers are preferred for their ability to provide continuous and targeted humidity control. Industries such as manufacturing, electronics, and pharmaceuticals rely on these systems to maintain precise humidity levels essential for production processes and product quality. Thus, the segment will expand rapidly in the coming years.

Full Report: https://www.kbvresearch.com/dehumidifier-market/

The North America region dominated the Global Dehumidifier 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. The Europe region is anticipated to grow at a CAGR of 6.5% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 7.6% during (2023 - 2030).

List of Key Companies Profiled

  • AB Electrolux
  • Honeywell International, Inc.
  • LG Electronics, Inc. (LG Corporation)
  • Sunpentown, Inc.
  • Therma-Stor LLC
  • Whirlpool Corporation
  • Condair Group AG
  • Munters Group AB
  • Bry-Air (Asia) Pvt Ltd (Pahwa Group)

Dehumidifier Market Report Segmentation

By Type

  • Chemical Absorbent
  • Refrigerant
  • Heat Pumps

By Application

  • Industrial
    • Food & Beverage Industry
    • Cold Storage
    • Construction
    • Others
  • Commercial
  • Residential

By Product

  • Fixed
  • Portable

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

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