The dehumidifiers market size has grown strongly in recent years. It will grow from $4.42 billion in 2023 to $4.71 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The expansion in the historical period can be ascribed to an upswing in disposable income and a surge in the construction of shopping malls.
The dehumidifiers market size is expected to see strong growth in the next few years. It will grow to $5.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the projected period can be attributed to the increase in urbanization, the rise in spending on comfort and luxury, the growing demand for energy-efficient products, the increasing population growth, the adoption of dehumidifiers in food packaging and processing, and stringent regulations on air pollution in the industrial and commercial sectors. Major trends in the forecast period include investment in developing IoT-enabled dehumidifiers, a focus on chemical absorbent dehumidifiers to reduce energy consumption and enhance revenue, the development of customizable dehumidifiers to boost product utilization and revenue, a focus on collaborating or partnering with power plants to provide equipment and post-purchase services, consideration of M&A growth strategies to gain access to new product technologies, expand the customer base and geographic markets, increased investment in climatix devices and technology to strengthen the product portfolio and increase revenue, and a focus on investing in desiccant dehumidification technology for lower equipment costs.
The increase in disposable income played a crucial role in the expansion of the dehumidifiers market. With a rise in disposable income, households have more financial resources for spending, leading to an uptick in product purchases, particularly those contributing to health benefits. According to the Organization for Economic Co-operation and Development (OECD), the average household net adjusted disposable income per capita across OECD countries stands at $30,563 per year. The surge in disposable income heightened the demand for consumer spending, consequently propelling the dehumidifiers market during the specified period.
The anticipated growth of the dehumidifiers market is expected to be driven by the increasing number of warehouses. Warehouses play a pivotal role in the supply chain, serving as essential spaces for storing raw materials and finished goods, particularly in sectors such as manufacturing and distribution. Dehumidifiers find application in warehouses to eliminate excess moisture from the air, safeguarding stored goods by maintaining humidity levels at safe thresholds. For example, as of 2020, Russell and Dawson, a US-based provider of architectural design, engineering & construction services, reported the existence of 11,000 operational warehouses in North America, encompassing over 4.7 square feet of industrial space. Plans for the construction of an additional 190 million square feet of warehouse space were underway in 2020, and in 2021, over one billion square feet of storage space was expected to be utilized in the US. Consequently, the expansion of the warehousing industry is a key driver for the dehumidifiers market.
The utilization of Climatix in dehumidifiers is becoming an increasingly prominent trend in the market. Climatix is a technological solution designed for the cost-effective and efficient control of heating, ventilation, and air conditioning equipment (HVAC). It is specifically crafted for heating or cooling applications and seamlessly integrates into building automation systems. Notably, companies such as Munters are incorporating Climatix to enhance the performance efficiency of their dehumidifiers.
Major players in the dehumidifier market are directing their efforts toward the development of innovative products, with a focus on high-efficiency dehumidifiers, to offer reliable services to customers. High-efficiency dehumidifiers are designed to extract moisture from the air using less energy compared to traditional dehumidifiers. For example, in September 2023, Quest Climate, a US-based manufacturer of commercial and industrial dehumidifiers, introduced the Quest 100. This dehumidifier features M-CoRR Technology and stands out as the smallest in the company's lineup. It provides smaller-scale cultivators with an efficient means of achieving optimal output in a healthy environment through high-efficiency equipment.
In August 2022, Dreison International Inc., a US-based manufacturer of proprietary products, completed the acquisition of Innovative Dehumidifier Systems LLC for an undisclosed amount. This strategic move is anticipated to assist Dreison International in expanding its product portfolio and reaching new customer segments. Innovative Dehumidifier Systems LLC is a US-based provider specializing in energy-efficient dehumidification solutions.
Major companies operating in the dehumidifiers market report are The Munters Group, Electrolux AB, Delonghi Appliances S.R.L, Haier Smart Home Co., Ltd., LG Electronics Inc., Resideo Technologies Inc., Therma-Stor LLC, Whirlpool Corporation, Dantherm AS, Seibu Giken DST AB, Daikin Industries Ltd., Panasonic, Xiaomi Corporation, Coway, Samsung Electronics Co.Ltd., Solenco, Midea, TCL Corporation, Sanyo Electric , Hysure , Condair, Sunbeam Products Inc., YADU, Little Swan, Homelabs LLC company, Pure Enrichment, Frigidaire, Thermomatic Group, Bridgeport, Kiwi Energy, Norman Wright Mechanical Equipment Corporation, Inc., Alessa Industries Co, Indus International FZC, Maico Gulf L.L.C, Zamil Air Conditioners, CFW environmental, GMC aircon.
The Asia-Pacific was the largest region in the dehumidifiers market in 2023. North America was the second largest region in the global dehumidifiers market. The regions covered in the dehumidifiers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the dehumidifiers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The primary types of dehumidifiers include chemical absorbents, heat pumps, and ventilating dehumidifiers. A heat pump operates as a heat engine in reverse. The dehumidifier technologies encompass cold condensation, sorption, warm condensation, and other technologies. The applications span commercial, industrial, and residential sectors.
The dehumidifiers market research report is one of a series of new reports that provides dehumidifiers market statistics, including dehumidifiers industry global market size, regional shares, competitors with a dehumidifiers market share, detailed dehumidifiers market segments, market trends and opportunities, and any further data you may need to thrive in the dehumidifiers industry. This dehumidifiers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The dehumidifiers market consists of sales of refrigerant, desiccant, and whole house units. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The dehumidifiers market size is expected to see strong growth in the next few years. It will grow to $5.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the projected period can be attributed to the increase in urbanization, the rise in spending on comfort and luxury, the growing demand for energy-efficient products, the increasing population growth, the adoption of dehumidifiers in food packaging and processing, and stringent regulations on air pollution in the industrial and commercial sectors. Major trends in the forecast period include investment in developing IoT-enabled dehumidifiers, a focus on chemical absorbent dehumidifiers to reduce energy consumption and enhance revenue, the development of customizable dehumidifiers to boost product utilization and revenue, a focus on collaborating or partnering with power plants to provide equipment and post-purchase services, consideration of M&A growth strategies to gain access to new product technologies, expand the customer base and geographic markets, increased investment in climatix devices and technology to strengthen the product portfolio and increase revenue, and a focus on investing in desiccant dehumidification technology for lower equipment costs.
The increase in disposable income played a crucial role in the expansion of the dehumidifiers market. With a rise in disposable income, households have more financial resources for spending, leading to an uptick in product purchases, particularly those contributing to health benefits. According to the Organization for Economic Co-operation and Development (OECD), the average household net adjusted disposable income per capita across OECD countries stands at $30,563 per year. The surge in disposable income heightened the demand for consumer spending, consequently propelling the dehumidifiers market during the specified period.
The anticipated growth of the dehumidifiers market is expected to be driven by the increasing number of warehouses. Warehouses play a pivotal role in the supply chain, serving as essential spaces for storing raw materials and finished goods, particularly in sectors such as manufacturing and distribution. Dehumidifiers find application in warehouses to eliminate excess moisture from the air, safeguarding stored goods by maintaining humidity levels at safe thresholds. For example, as of 2020, Russell and Dawson, a US-based provider of architectural design, engineering & construction services, reported the existence of 11,000 operational warehouses in North America, encompassing over 4.7 square feet of industrial space. Plans for the construction of an additional 190 million square feet of warehouse space were underway in 2020, and in 2021, over one billion square feet of storage space was expected to be utilized in the US. Consequently, the expansion of the warehousing industry is a key driver for the dehumidifiers market.
The utilization of Climatix in dehumidifiers is becoming an increasingly prominent trend in the market. Climatix is a technological solution designed for the cost-effective and efficient control of heating, ventilation, and air conditioning equipment (HVAC). It is specifically crafted for heating or cooling applications and seamlessly integrates into building automation systems. Notably, companies such as Munters are incorporating Climatix to enhance the performance efficiency of their dehumidifiers.
Major players in the dehumidifier market are directing their efforts toward the development of innovative products, with a focus on high-efficiency dehumidifiers, to offer reliable services to customers. High-efficiency dehumidifiers are designed to extract moisture from the air using less energy compared to traditional dehumidifiers. For example, in September 2023, Quest Climate, a US-based manufacturer of commercial and industrial dehumidifiers, introduced the Quest 100. This dehumidifier features M-CoRR Technology and stands out as the smallest in the company's lineup. It provides smaller-scale cultivators with an efficient means of achieving optimal output in a healthy environment through high-efficiency equipment.
In August 2022, Dreison International Inc., a US-based manufacturer of proprietary products, completed the acquisition of Innovative Dehumidifier Systems LLC for an undisclosed amount. This strategic move is anticipated to assist Dreison International in expanding its product portfolio and reaching new customer segments. Innovative Dehumidifier Systems LLC is a US-based provider specializing in energy-efficient dehumidification solutions.
Major companies operating in the dehumidifiers market report are The Munters Group, Electrolux AB, Delonghi Appliances S.R.L, Haier Smart Home Co., Ltd., LG Electronics Inc., Resideo Technologies Inc., Therma-Stor LLC, Whirlpool Corporation, Dantherm AS, Seibu Giken DST AB, Daikin Industries Ltd., Panasonic, Xiaomi Corporation, Coway, Samsung Electronics Co.Ltd., Solenco, Midea, TCL Corporation, Sanyo Electric , Hysure , Condair, Sunbeam Products Inc., YADU, Little Swan, Homelabs LLC company, Pure Enrichment, Frigidaire, Thermomatic Group, Bridgeport, Kiwi Energy, Norman Wright Mechanical Equipment Corporation, Inc., Alessa Industries Co, Indus International FZC, Maico Gulf L.L.C, Zamil Air Conditioners, CFW environmental, GMC aircon.
The Asia-Pacific was the largest region in the dehumidifiers market in 2023. North America was the second largest region in the global dehumidifiers market. The regions covered in the dehumidifiers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the dehumidifiers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The primary types of dehumidifiers include chemical absorbents, heat pumps, and ventilating dehumidifiers. A heat pump operates as a heat engine in reverse. The dehumidifier technologies encompass cold condensation, sorption, warm condensation, and other technologies. The applications span commercial, industrial, and residential sectors.
The dehumidifiers market research report is one of a series of new reports that provides dehumidifiers market statistics, including dehumidifiers industry global market size, regional shares, competitors with a dehumidifiers market share, detailed dehumidifiers market segments, market trends and opportunities, and any further data you may need to thrive in the dehumidifiers industry. This dehumidifiers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The dehumidifiers market consists of sales of refrigerant, desiccant, and whole house units. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Dehumidifiers Market Characteristics3. Dehumidifiers Market Trends and Strategies32. Global Dehumidifiers Market Competitive Benchmarking33. Global Dehumidifiers Market Competitive Dashboard34. Key Mergers and Acquisitions in the Dehumidifiers Market
4. Dehumidifiers Market - Macro Economic Scenario
5. Global Dehumidifiers Market Size and Growth
6. Dehumidifiers Market Segmentation
7. Dehumidifiers Market Regional and Country Analysis
8. Asia-Pacific Dehumidifiers Market
9. China Dehumidifiers Market
10. India Dehumidifiers Market
11. Japan Dehumidifiers Market
12. Australia Dehumidifiers Market
13. Indonesia Dehumidifiers Market
14. South Korea Dehumidifiers Market
15. Western Europe Dehumidifiers Market
16. UK Dehumidifiers Market
17. Germany Dehumidifiers Market
18. France Dehumidifiers Market
19. Italy Dehumidifiers Market
20. Spain Dehumidifiers Market
21. Eastern Europe Dehumidifiers Market
22. Russia Dehumidifiers Market
23. North America Dehumidifiers Market
24. USA Dehumidifiers Market
25. Canada Dehumidifiers Market
26. South America Dehumidifiers Market
27. Brazil Dehumidifiers Market
28. Middle East Dehumidifiers Market
29. Africa Dehumidifiers Market
30. Dehumidifiers Market Competitive Landscape and Company Profiles
31. Dehumidifiers Market Other Major and Innovative Companies
35. Dehumidifiers Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Dehumidifiers Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on dehumidifiers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Measure the impact of high global inflation on market growth.
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- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for dehumidifiers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Product Type: Chemical Absorbent; Heat Pump; Ventilating Dehumidifier
2) By Application: Commercial; Industrial; Residential
3) By Technology: Cold Condensation; Sorption; Warm Condensation; Other Technologies
Key Companies Mentioned: The Munters Group; Electrolux AB; Delonghi Appliances S.R.L; Haier Smart Home Co., Ltd; LG Electronics Inc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- The Munters Group
- Electrolux AB
- Delonghi Appliances S.R.L
- Haier Smart Home Co., Ltd
- LG Electronics Inc
- Resideo Technologies Inc.
- Therma-Stor LLC
- Whirlpool Corporation
- Dantherm AS
- Seibu Giken DST AB
- Daikin Industries Ltd.
- Panasonic
- Xiaomi Corporation
- Coway
- Samsung Electronics Co.Ltd
- Solenco
- Midea
- TCL Corporation
- Sanyo Electric
- Hysure
- Condair
- Sunbeam Products Inc.
- YADU
- Little Swan
- Homelabs LLC company
- Pure Enrichment
- Frigidaire
- Thermomatic Group
- Bridgeport
- Kiwi Energy
- Norman Wright Mechanical Equipment Corporation, Inc.
- Alessa Industries Co
- Indus International FZC
- Maico Gulf L.L.C
- Zamil Air Conditioners
- CFW environmental
- GMC aircon