The global dehumidifier market is expected to reach USD 5.12 billion by 2030, registering a CAGR of 7.3% from 2024 to 2030. dehumidifier market growth is significantly driven by increasing applications for the improvement of indoor air quality for the residential, commercial, and industrial purposes.
Growth in the number of hotels, restaurants, and cafes is expected to propel the global dehumidifier market. Changing consumer lifestyles and rising café culture are the factors driving the HoReCa industry across the world. The demand for dehumidifiers for such commercial businesses to keep the air fresh and prevent the formation of mold and fungus is expected to grow during the forecast period.
Additionally, dehumidifiers are also used to reduce the humidity and moisture control in the manufacturing of lithium-ion batteries. Relative humidity which needs to be as low as 1.0% to 10.0% is the most crucial and important factor governing the manufacturing process. Demand for electric vehicles is propelling the manufacturing of lithium-ion batteries and is expected to drive the dehumidifier market growth.
Moreover, rising demand for water and wastewater treatment plants is expected to drive the growth of the dehumidifier market. Dehumidifiers are used in waste and fresh water treatment facilities to prevent corrosion of the equipment. Growing concern about the scarcity of water is expected to drive the water treatment facilities and also propel the demand for dehumidifiers.
The COVID-19 outbreak had a negative impact on the growth of this product in 2020. Due to the decreased demand from the industrial sector, and the disruption of the supply chain for raw materials, the dehumidifier market growth plummeted. Owing to the resumption of industrial manufacturing and trade activities market is likely to recover gradually during the forecast period.
Companies in the industry are actively focusing on expansion and industry penetration with the strategies such as product innovation & launches, mergers & acquisitions, joint ventures, etc. For instance, in April 2020, Corroventa launched a new dehumidifier in the market. The new dehumidifier A1 is the smallest adsorption dehumidifier designed for powerful dehumidification.
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Growth in the number of hotels, restaurants, and cafes is expected to propel the global dehumidifier market. Changing consumer lifestyles and rising café culture are the factors driving the HoReCa industry across the world. The demand for dehumidifiers for such commercial businesses to keep the air fresh and prevent the formation of mold and fungus is expected to grow during the forecast period.
Additionally, dehumidifiers are also used to reduce the humidity and moisture control in the manufacturing of lithium-ion batteries. Relative humidity which needs to be as low as 1.0% to 10.0% is the most crucial and important factor governing the manufacturing process. Demand for electric vehicles is propelling the manufacturing of lithium-ion batteries and is expected to drive the dehumidifier market growth.
Moreover, rising demand for water and wastewater treatment plants is expected to drive the growth of the dehumidifier market. Dehumidifiers are used in waste and fresh water treatment facilities to prevent corrosion of the equipment. Growing concern about the scarcity of water is expected to drive the water treatment facilities and also propel the demand for dehumidifiers.
The COVID-19 outbreak had a negative impact on the growth of this product in 2020. Due to the decreased demand from the industrial sector, and the disruption of the supply chain for raw materials, the dehumidifier market growth plummeted. Owing to the resumption of industrial manufacturing and trade activities market is likely to recover gradually during the forecast period.
Companies in the industry are actively focusing on expansion and industry penetration with the strategies such as product innovation & launches, mergers & acquisitions, joint ventures, etc. For instance, in April 2020, Corroventa launched a new dehumidifier in the market. The new dehumidifier A1 is the smallest adsorption dehumidifier designed for powerful dehumidification.
Dehumidifier Market Report Highlights
- The growth of industries such as pharmaceuticals, food and beverage, and electronics, which require specific humidity levels for production and storage, drives demand for industrial dehumidifiers.
- Desiccant dehumidifiers have gained widespread acceptance in various commercial and industrial contexts across the globe, particularly in scenarios where specific humidity levels are crucial.
- Dehumidifiers play a crucial role in residential areas such as bathrooms, basements, kitchens, bedrooms, and storage spaces. In countries like the U.S., Canada, Germany, and other northern regions, the cold winter temperatures necessitate heating, which in turn increases indoor humidity levels.
- In colder countries such as Canada, the U.S., Germany, and Switzerland, heating systems are essential to maintain comfortable temperatures. However, heating can elevate humidity levels, leading to mold growth and dust mite proliferation, as well as corrosion of metal components.
- North America dehumidifier market dominated the global industry in 2024. The region is expected to continue its dominance in the market from 2023 to 2030.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments
- Competitive Landscape: Explore the market presence of key players worldwide
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
The leading players in the Dehumidifier market include:
- LG Electronics Inc.
- Honeywell International Inc.
- GE Appliances, a Haier Company
- De’Longhi Appliances S.r.l.
- Bry-Air Inc.
- Danby Products Ltd
- Whirlpool Corporation
- Munters Group
- STULZ Air Technology Systems, Inc.
- CondAir Group
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends & Scope
Chapter 4. Dehumidifiers Market: Technology Estimates & Trend Analysis
Chapter 5. Dehumidifiers Market: Product Estimates & Trend Analysis
Chapter 6. Dehumidifiers Market: Application Estimates & Trend Analysis
Chapter 7. Dehumidifiers Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Analysis
Chapter 9. Company Profiles
List of Tables
List of Figures
Companies Mentioned
- LG Electronics Inc.
- Honeywell International Inc.
- GE Appliances, a Haier Company
- De’Longhi Appliances S.r.l.
- Bry-Air Inc.
- Danby Products Ltd
- Whirlpool Corporation
- Munters Group
- STULZ Air Technology Systems, Inc.
- CondAir Group
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | October 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 3.39 Billion |
| Forecasted Market Value ( USD | $ 5.12 Billion |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
