Dehumidifiers Market
Dehumidifier Market Forecasts to 2028 - Global Analysis By Product Type (Chemical Absorbent Dehumidifiers, Heat Pumps, Ventilating Dehumidifiers and Other Product Types), Application (Residential, Industrial, Commercial and Other Applications) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $3.16 BN |
|
Projected Year Value (2028) |
US $5.25 BN |
|
CAGR (2022 - 2028) |
8.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Dehumidifiers Market is accounted for $3.16 billion in 2022 and is expected to reach $5.25 billion by 2028 growing at a CAGR of 8.8% during the forecast period. A dehumidifier removes moisture or water content from the air and helps in combating extreme temperatures. Growing health awareness and high humid coastal places are leading to the demand for such products. After captivating moisture, it also releases a stuffy odor from the surrounding caused by the fabrics, walls, and furniture. The device is used for the residential sectors comfort and health reasons.
According to the U.S. Department of Energy (DOE), a manufacturer of dehumidifiers is required to test the product to determine compliance with existing energy conservation standards. According to the Organization for Economic Co-operation and Development (OECD), the average household net adjusted disposable income per capita across OECD countries is $30,563 per year.
Market Dynamics:
Driver:
Increasing demand for wastewater treatment
Dehumidifier finds major application in the wastewater industry. High humidity levels can cause rust of metal, deterioration of paint, and breakdown of electrical components. A dehumidifier helps in controlling the humidity levels. Investment in new wastewater treatment infrastructure will create market demand. Water scarcity along with changing characteristics has led to augmented demand for wastewater management.
Restraint:
The alarming rush in fire happenings
Fire incidences have forced manufacturers to identify their effects because of mistaken dehumidification operating, which is always expensive. In the approaching years, customer development safety missions worldwide will minimize dehumidifier grade standards and certification rules. Additionally, contributing a useful guide or safety manual for the appropriate use of them can also lead to curbing the number of fire incidents caused due to humidifiers, ultimately reducing its impact on the dehumidifier’s market growth.
Opportunity:
Development in the Real Estate Sector
The development is increasing the new opportunities by rapid development in the real estate sector leading to the construction of residential buildings & schools, hospitals, and departmental stores. In extension, awareness of health and transformations in weather situations are the main elements anticipated to drive the demand. Furthermore, increased awareness about the usefulness of maintaining indoor air quality in commercial sectors is expected to promote market growth.
Threat:
High Cost of Maintenance
Dehumidifiers are normally a low maintenance consequence and do not need a lot of engaged interference, but some supervision is required. Cost of dehumidifiers is based on various factors such as capacity of selected product, outlet design, and difficulty in installation. Moreover, they need regular and continuous maintenance and cleaning, which incur additional cost, which limit their demand.
Covid-19 Impact
The corona virus spread over a number of nations and regions, having a profound effect on both individual lives and the community as a whole. It grew to be a serious threat to world trade, finance, and the economy. Due to the lockdown brought on by the COVID-19 epidemic, numerous parts for industrial dehumidifiers could no longer be produced. The slowdown in the economy first caused people to spend less on different industrial dehumidifiers. Additionally, a number of government efforts were aimed at fostering the development of small-scale companies, particularly in emerging countries, which are predicted to favourably impact the growth of the industrial dehumidifier market.
The chemical absorbent dehumidifier segment is expected to be the largest during the forecast period
The chemical absorbent dehumidifier segment is estimated to have a lucrative growth, due to it can work at very high or low-level temperatures without regeneration problems and changes in the life cycle. It uses drying substances to remove moisture from the air, these materials are also known as desiccant material. They are widely accepted among industries for bringing required humidity levels in the environment. It is also one of the fastest and environmentally friendly methods in the market.
The industrial segment is expected to have the highest CAGR during the forecast period
The industrial segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the growth in the manufacturing industry, warehousing, and water treatment plants. A dehumidifier is used in the industrial sector for various applications such as drying products, controlling relative humidity, and removing excess moisture. This, along with rapid industrialization and the escalating demand for energy efficient products, is strengthening the growth of the market.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the growth in industrial manufacturing owing to increasing investments. Moreover, rising product awareness, changing lifestyles, and increasing disposable income, increase in health awareness and stringent norms laid by the government in the region are the factors expected to boost the growth of the dehumidifier market.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the extensive industrial manufacturing, the strong establishment of commercial businesses, and growing awareness among the homeowners attributed to the large share. Increasing adoption of dehumidifiers in hotels and restaurants is expected to drive the region growth.
Key players in the market
Some of the key players profiled in the Dehumidifiers Market include Haier company, LG Electronics Inc., Honeywell International Inc., Whirlpool Corporation, Panasonic, Mitsubishi Electric, TCL, SEN Electric, Stulz GmbH, Deye, De’Longhi Appliances S.r.l., Sharp, CondAir Group, Munters Group, Frigidaire, General Filters, Eurgeen, Songjing, Danby Products Ltd. and Bry-Air Inc.
Key Developments:
In April 2020, LG announced the launching of PuriCare 50 Pint Dehumidifier with Drain Pump which was added to LG Electronics USA's award-winning lineup of energy-efficient domestic air care devices for simple daily usage. The product joins a lineup of room air conditioners and drains tank dehumidifiers that already offer unmatched energy savings thanks to LG's revolutionary Dual Inverter CompressorsTm technology.
In August 2019, Sharp launched two air purifiers and dehumidifiers named DW-J20FM-W and DW-E16FA-W, which are equipped with Ion Generator Technology that eliminates airborne mold, viruses, and bacteria. They are also capable of running on home investors.
Product Types Covered:
• Chemical Absorbent Dehumidifiers
• Heat Pumps
• Ventilating Dehumidifiers
• Other Product Types
Technologies Covered:
• Warm Condensation
• Sorption
• Other Technologies
Applications Covered:
• Residential
• Industrial
• Commercial
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Dehumidifier Market, By Product Type
5.1 Introduction
5.2 Chemical Absorbent Dehumidifiers
5.3 Heat Pumps
5.4 Ventilating Dehumidifiers
5.5 Other Product Types
6 Global Dehumidifier Market, By Technology
6.1 Introduction
6.2 Warm Condensation
6.3 Sorption
6.4 Other Technologies
7 Global Dehumidifier Market, By Application
7.1 Introduction
7.2 Residential
7.3 Industrial
7.4 Commercial
7.5 Other Applications
8 Global Dehumidifier Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Haier company
10.2 LG Electronics Inc.
10.3 Honeywell International Inc.
10.4 Whirlpool Corporation
10.5 Panasonic
10.6 Mitsubishi Electric
10.7 TCL
10.8 SEN Electric
10.9 Stulz GmbH
10.10 Deye
10.11 De’Longhi Appliances S.r.l.
10.12 Sharp
10.13 CondAir Group
10.14 Munters Group
10.15 Frigidaire
10.16 General Filters
10.17 Eurgeen
10.18 Songjing
10.19 Danby Products Ltd.
10.20 Bry-Air Inc.
List of Tables
1 Global Dehumidifier Market Outlook, By Region (2020-2028) ($MN)
2 Global Dehumidifier Market Outlook, By Product Type (2020-2028) ($MN)
3 Global Dehumidifier Market Outlook, By Chemical Absorbent Dehumidifiers (2020-2028) ($MN)
4 Global Dehumidifier Market Outlook, By Heat Pumps (2020-2028) ($MN)
5 Global Dehumidifier Market Outlook, By Ventilating Dehumidifiers (2020-2028) ($MN)
6 Global Dehumidifier Market Outlook, By Other Product Types (2020-2028) ($MN)
7 Global Dehumidifier Market Outlook, By Technology (2020-2028) ($MN)
8 Global Dehumidifier Market Outlook, By Warm Condensation (2020-2028) ($MN)
9 Global Dehumidifier Market Outlook, By Sorption (2020-2028) ($MN)
10 Global Dehumidifier Market Outlook, By Other Technologies (2020-2028) ($MN)
11 Global Dehumidifier Market Outlook, By Application (2020-2028) ($MN)
12 Global Dehumidifier Market Outlook, By Residential (2020-2028) ($MN)
13 Global Dehumidifier Market Outlook, By Industrial (2020-2028) ($MN)
14 Global Dehumidifier Market Outlook, By Commercial (2020-2028) ($MN)
15 Global Dehumidifier Market Outlook, By Other Applications (2020-2028) ($MN)
16 North America Dehumidifier Market Outlook, By Country (2020-2028) ($MN)
17 North America Dehumidifier Market Outlook, By Product Type (2020-2028) ($MN)
18 North America Dehumidifier Market Outlook, By Chemical Absorbent Dehumidifiers (2020-2028) ($MN)
19 North America Dehumidifier Market Outlook, By Heat Pumps (2020-2028) ($MN)
20 North America Dehumidifier Market Outlook, By Ventilating Dehumidifiers (2020-2028) ($MN)
21 North America Dehumidifier Market Outlook, By Other Product Types (2020-2028) ($MN)
22 North America Dehumidifier Market Outlook, By Technology (2020-2028) ($MN)
23 North America Dehumidifier Market Outlook, By Warm Condensation (2020-2028) ($MN)
24 North America Dehumidifier Market Outlook, By Sorption (2020-2028) ($MN)
25 North America Dehumidifier Market Outlook, By Other Technologies (2020-2028) ($MN)
26 North America Dehumidifier Market Outlook, By Application (2020-2028) ($MN)
27 North America Dehumidifier Market Outlook, By Residential (2020-2028) ($MN)
28 North America Dehumidifier Market Outlook, By Industrial (2020-2028) ($MN)
29 North America Dehumidifier Market Outlook, By Commercial (2020-2028) ($MN)
30 North America Dehumidifier Market Outlook, By Other Applications (2020-2028) ($MN)
31 Europe Dehumidifier Market Outlook, By Country (2020-2028) ($MN)
32 Europe Dehumidifier Market Outlook, By Product Type (2020-2028) ($MN)
33 Europe Dehumidifier Market Outlook, By Chemical Absorbent Dehumidifiers (2020-2028) ($MN)
34 Europe Dehumidifier Market Outlook, By Heat Pumps (2020-2028) ($MN)
35 Europe Dehumidifier Market Outlook, By Ventilating Dehumidifiers (2020-2028) ($MN)
36 Europe Dehumidifier Market Outlook, By Other Product Types (2020-2028) ($MN)
37 Europe Dehumidifier Market Outlook, By Technology (2020-2028) ($MN)
38 Europe Dehumidifier Market Outlook, By Warm Condensation (2020-2028) ($MN)
39 Europe Dehumidifier Market Outlook, By Sorption (2020-2028) ($MN)
40 Europe Dehumidifier Market Outlook, By Other Technologies (2020-2028) ($MN)
41 Europe Dehumidifier Market Outlook, By Application (2020-2028) ($MN)
42 Europe Dehumidifier Market Outlook, By Residential (2020-2028) ($MN)
43 Europe Dehumidifier Market Outlook, By Industrial (2020-2028) ($MN)
44 Europe Dehumidifier Market Outlook, By Commercial (2020-2028) ($MN)
45 Europe Dehumidifier Market Outlook, By Other Applications (2020-2028) ($MN)
46 Asia Pacific Dehumidifier Market Outlook, By Country (2020-2028) ($MN)
47 Asia Pacific Dehumidifier Market Outlook, By Product Type (2020-2028) ($MN)
48 Asia Pacific Dehumidifier Market Outlook, By Chemical Absorbent Dehumidifiers (2020-2028) ($MN)
49 Asia Pacific Dehumidifier Market Outlook, By Heat Pumps (2020-2028) ($MN)
50 Asia Pacific Dehumidifier Market Outlook, By Ventilating Dehumidifiers (2020-2028) ($MN)
51 Asia Pacific Dehumidifier Market Outlook, By Other Product Types (2020-2028) ($MN)
52 Asia Pacific Dehumidifier Market Outlook, By Technology (2020-2028) ($MN)
53 Asia Pacific Dehumidifier Market Outlook, By Warm Condensation (2020-2028) ($MN)
54 Asia Pacific Dehumidifier Market Outlook, By Sorption (2020-2028) ($MN)
55 Asia Pacific Dehumidifier Market Outlook, By Other Technologies (2020-2028) ($MN)
56 Asia Pacific Dehumidifier Market Outlook, By Application (2020-2028) ($MN)
57 Asia Pacific Dehumidifier Market Outlook, By Residential (2020-2028) ($MN)
58 Asia Pacific Dehumidifier Market Outlook, By Industrial (2020-2028) ($MN)
59 Asia Pacific Dehumidifier Market Outlook, By Commercial (2020-2028) ($MN)
60 Asia Pacific Dehumidifier Market Outlook, By Other Applications (2020-2028) ($MN)
61 South America Dehumidifier Market Outlook, By Country (2020-2028) ($MN)
62 South America Dehumidifier Market Outlook, By Product Type (2020-2028) ($MN)
63 South America Dehumidifier Market Outlook, By Chemical Absorbent Dehumidifiers (2020-2028) ($MN)
64 South America Dehumidifier Market Outlook, By Heat Pumps (2020-2028) ($MN)
65 South America Dehumidifier Market Outlook, By Ventilating Dehumidifiers (2020-2028) ($MN)
66 South America Dehumidifier Market Outlook, By Other Product Types (2020-2028) ($MN)
67 South America Dehumidifier Market Outlook, By Technology (2020-2028) ($MN)
68 South America Dehumidifier Market Outlook, By Warm Condensation (2020-2028) ($MN)
69 South America Dehumidifier Market Outlook, By Sorption (2020-2028) ($MN)
70 South America Dehumidifier Market Outlook, By Other Technologies (2020-2028) ($MN)
71 South America Dehumidifier Market Outlook, By Application (2020-2028) ($MN)
72 South America Dehumidifier Market Outlook, By Residential (2020-2028) ($MN)
73 South America Dehumidifier Market Outlook, By Industrial (2020-2028) ($MN)
74 South America Dehumidifier Market Outlook, By Commercial (2020-2028) ($MN)
75 South America Dehumidifier Market Outlook, By Other Applications (2020-2028) ($MN)
76 Middle East & Africa Dehumidifier Market Outlook, By Country (2020-2028) ($MN)
77 Middle East & Africa Dehumidifier Market Outlook, By Product Type (2020-2028) ($MN)
78 Middle East & Africa Dehumidifier Market Outlook, By Chemical Absorbent Dehumidifiers (2020-2028) ($MN)
79 Middle East & Africa Dehumidifier Market Outlook, By Heat Pumps (2020-2028) ($MN)
80 Middle East & Africa Dehumidifier Market Outlook, By Ventilating Dehumidifiers (2020-2028) ($MN)
81 Middle East & Africa Dehumidifier Market Outlook, By Other Product Types (2020-2028) ($MN)
82 Middle East & Africa Dehumidifier Market Outlook, By Technology (2020-2028) ($MN)
83 Middle East & Africa Dehumidifier Market Outlook, By Warm Condensation (2020-2028) ($MN)
84 Middle East & Africa Dehumidifier Market Outlook, By Sorption (2020-2028) ($MN)
85 Middle East & Africa Dehumidifier Market Outlook, By Other Technologies (2020-2028) ($MN)
86 Middle East & Africa Dehumidifier Market Outlook, By Application (2020-2028) ($MN)
87 Middle East & Africa Dehumidifier Market Outlook, By Residential (2020-2028) ($MN)
88 Middle East & Africa Dehumidifier Market Outlook, By Industrial (2020-2028) ($MN)
89 Middle East & Africa Dehumidifier Market Outlook, By Commercial (2020-2028) ($MN)
90 Middle East & Africa Dehumidifier Market Outlook, By Other Applications (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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