Dehumidifier Market Size
| Study Period | 2020-2029 |
| Market Size (2024) | USD 3.23 Billion |
| Market Size (2029) | USD 5.60 Billion |
| CAGR (2024 - 2029) | > 5.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Dehumidifier Market Analysis
The Dehumidifier Market size is estimated at USD 3.23 billion in 2024, and is expected to reach USD 5.60 billion by 2029, growing at a CAGR of greater than 5.30% during the forecast period (2024-2029).
Dehumidifiers are in high demand in the market because people are becoming more aware of the health risks of high humidity, especially in coastal regions during the summer months. People are becoming more aware that high humidity can lead to mold growth, allergies, and respiratory problems. People want to maintain good indoor air quality, and dehumidifiers are a great way to do that. Therefore, the market is likely to grow in the coming years.
Revenue growth in the market is mainly due to the growing use of household Dehumidifiers to regulate humidity levels and inhibit bacterial growth. North America is expected to have the biggest revenue share over the forecast period, mainly due to the region's growing spending on warehouse, residential, and commercial construction. U.S. spending on private construction skyrocketed since 2020. Demand for dehumidifiers is growing as construction activity increases, which in turn is driving market revenue growth.
The demand for this product is also due to the fact that extreme weather events are on the rise. Climate change means that more and more extreme weather is happening, like heavy rain and flooding. This can cause a lot of moisture and humidity in your home, so you want to make sure your home is as dry as possible. Dehumidifiers are a great way to keep humidity down, stop mold from growing, and protect your home. So, this is what's driving the demand for this product over the next few years.
Companies are delaying investments due to concerns about inflation and declining demand, which will result in lower capital expenditure in the near future. The developed markets appear ready for a recession due to their slower growth and higher inflation. Fears of further COVID-19 outbreaks combined with China's already precarious post-pandemic trajectory made it possible that the globe could face more severe manufacturing interruptions and supply chain problems that year. The intricacy of the problems encountered was exacerbated by unstable financial markets, escalating trade disputes, a more stringent regulatory framework, and a demand to include climate change in economic decisions.
Dehumidifier Market Trends
Growing demand for residential portable dehumidifier
The residential portable dehumidifier market is projected to experience significant growth in the near future due to the current trends and the latest developments in the market. One of the most recent trends in the market is the integration of smart technology into dehumidifiers. Manufacturers are focusing on developing dehumidifiers that are equipped with cutting-edge technologies, such as smart sensors, programmable timers, and adjustable humidity settings, in order to maximize energy efficiency while adhering to desired humidity levels. Additionally, the integration of dehumidifiers with smart home systems and voice assistants is becoming increasingly popular. This integration allows users to remotely control and monitor their dehumidifiers through mobile applications or voice commands, thus increasing convenience and user-friendliness. These trends and increasing development are expected to drive the demand for dehumidifiers, which is expected to contribute to the growth of the residential portable dehumidifier market over the forecast period.
There is also a growing demand for portable dehumidifiers in residential and commercial spaces, which will further escalate the demand in the market. New innovations such as solar-assisted, liquid desiccant dehumidifiers that enhance sustainability and energy are expected to grow the market.
Rise in the demand of automatic dehumidifiers
Automatic dehumidifiers are becoming increasingly smart and connected, allowing users to keep an eye on humidity levels from their phones and even connect them to home automation systems. Plus, energy efficiency and sustainability are becoming more important, with refrigerants and compressors being made more eco-friendly. And with the growth of real estate and construction, dehumidification is even more important. As more and more people and businesses focus on keeping their homes comfortable and healthy, the market for automatic dehumidifiers is expected to keep growing, providing innovative solutions to humidity-related issues in different settings.
Dehumidifier Industry Overview
The global market for dehumidifiers is highly segmented, with big and small players making up the majority of revenue. Big players are implementing different strategies, mergers and acquisitions, strategic agreements and contracts, innovation, testing, and bringing more efficient dehumidifier solutions to the market. Global vendors in the market are investing in new generation technologies and adopting expanding strategies in the market. Major global players in the market include Condair Group, DehuTech AB, Panasonic, TCL, Parks, etc.
Dehumidifier Market Leaders
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Airwatergreen AB
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De鈥� Longhi Appliances s.r.l.
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Frigidaire
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GE Appliances
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Midea Group
*Disclaimer: Major Players sorted in no particular order
Dehumidifier Market News
April 2023: Frigidaire, a US-based consumer electronics manufacturer, partnered with Ossify, a homegrown consumer electronics brand. Part of Electrolux group, Frigidaire has ventured into the Indian market with its range of home appliances in segments such as air conditioners, washing machines, refrigerators, freezers, etc. Frigidaire, an over 100-year-old company, continues to hold a dominant position in the North American market and is synonymous with innovation and cutting-edge technology.
April 2023: Honeywell acquired Compressor Controls Corporation from INDICOR, LLC, which is owned by funds affiliated with private equity firm Clayton, Dubilier & Rice, LLC, and Roper Technologies, Inc., for USD 670 million.
Dehumidifier Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 The need for residential dehumdifiers is growing as indoor air quality becomes widely recognized
4.2.2 Increasing frequency of extreme weather events fuels market expansion
4.3 Market Restraints
4.3.1 Growing respiratory issues brought on by pollutants produced in high-humidity settings
4.3.2 Limitations in terms of applications for desiccant dehumidifiers
4.4 Market Opportunities
4.4.1 Rise in demand for dry humdifier in the healthcare sector
4.4.2 Growing demand for residential and commercial activities
4.5 Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Impact of COVID-19 on the market
4.7 Insights on technological developments in the market
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Mechanical
5.1.2 Chemical
5.1.3 Heat Pump
5.2 By Application
5.2.1 Industrial
5.2.2 Residential
5.2.3 Commercial
5.3 By Distribution Channel
5.3.1 Online
5.3.2 Offline
5.4 By Geography
5.4.1 North America
5.4.2 Europe
5.4.3 South America
5.4.4 Asia-Pacific
5.4.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Airwatergreen AB
6.2.2 De Longhi Appliances s.r.l.
6.2.3 Frigidaire
6.2.4 GE Appliances
6.2.5 Midea Group
6.2.6 Honeywell International Inc.
6.2.7 LG Electronics Inc.
6.2.8 Haier company
6.2.9 Whirlpool Corporation
6.2.10 Munters Group
6.2.11 Danby Products Ltd.*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER
Dehumidifier Industry Segmentation
Dehumidifiers are electrical appliances that are specifically designed to eliminate moisture from the atmosphere. The most commonly used dehumidifiers include desiccants, refrigerants, and other substances.
The global dehumidifier market is segmented by type (mechanical, chemical, and heat pumps),聽 application (industrial, residential, and commercial), distribution channel (online and offline), and geography (North America, Europe, Asia-Pacific, and the Middle East and Africa).
The report offers market size and a forecast in value (USD) for all the above segments.
| By Product Type | |
| Mechanical | |
| Chemical | |
| Heat Pump |
| By Application | |
| Industrial | |
| Residential | |
| Commercial |
| By Distribution Channel | |
| Online | |
| Offline |
| By Geography | |
| North America | |
| Europe | |
| South America | |
| Asia-Pacific | |
| Middle East & Africa |
Dehumidifier Market Research FAQs
How big is the Dehumidifier Market?
The Dehumidifier Market size is expected to reach USD 3.23 billion in 2024 and grow at a CAGR of greater than 5.30% to reach USD 5.60 billion by 2029.
What is the current Dehumidifier Market size?
In 2024, the Dehumidifier Market size is expected to reach USD 3.23 billion.
Who are the key players in Dehumidifier Market?
Airwatergreen AB, De鈥� Longhi Appliances s.r.l., Frigidaire, GE Appliances and Midea Group are the major companies operating in the Dehumidifier Market.
Which is the fastest growing region in Dehumidifier Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Dehumidifier Market?
In 2024, the North America accounts for the largest market share in Dehumidifier Market.
What years does this Dehumidifier Market cover, and what was the market size in 2023?
In 2023, the Dehumidifier Market size was estimated at USD 3.06 billion. The report covers the Dehumidifier Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Dehumidifier Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Dehumidifier Industry Report
Statistics for the 2023 Dehumidifier market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Dehumidifier analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
