Report Overview
The global dehumidifier market size was estimated at USD 3,030.8 million in 2022 and is anticipated to grow at a compounded annual growth rate (CAGR) of 6.8% from 2023 to 2030. Dehumidifiers comprise the equipment or systems used to reduce humidity by eliminating the water vapor content from the air. Dehumidifiers are widely used for comfort or health reasons. They are also used to remove water from confined areas such as attics and basements, or to prevent mold, dampness, and musty odors in crawl spaces. Dehumidifier Development Trend.
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The dehumidifiers market experienced a correction in 2022 owing to increasing respiratory problems arising from pollutants that are formed in high-humidity environments. Allergens such as mold, mildew, and dust mites thrive in high humidity, making it challenging for individuals with chronic lung diseases to breathe in such conditions. As a result, dehumidifiers are being widely adopted in homes to control moisture and maintain humidity levels inside the house, thereby increasing the demand for dehumidifiers post-pandemic.
In the U.S., the dehumidifier market is expected to witness significant growth over the forecast period. The U.S. Environmental Protection Agency (EPA) recommends a relative humidity in the range of 30% and 50% ideal for homes and plays a vital role in public health. This has led to a rise in demand from the residential sector as homeowners are increasingly paying attention to indoor air quality.
The food, pharmaceutical, electronics, automotive, and chemical manufacturing industry is growing across the world owing to the increasing demand. Some specific manufacturing has a strict limit for the relative humidity and moisture in the air, which requires a dehumidifier. The market is poised to witness significant growth due to the increasing demand from the industrial sector.
Additionally, the rising health consciousness of the masses is influencing the growth of fitness centers, sports arenas, and swimming pools. The use of a dehumidifier is very important at these centers to keep the moisture level low in order to avoid dampness and protect equipment from damage. The dehumidifier market is expected to register growth owing to increased demand from fitness centers.
Dehumidifier Development Trend. In the market, demand for energy-efficient dehumidifiers is increasing, driven by the standards implemented by various governments. The U.S. Department of Energy (DOE) updated the energy standard for dehumidifiers in 2019. With this standard in effect, all new dehumidifiers will be rated with IEF value by the new test, which more closely reflects the performance in basement settings.
Technology Insights
Dehumidifier Development Trend. The global dehumidifier market is dominated by the desiccant dehumidifier in 2022, accounting for 56.3% of the market share. A desiccant dehumidifier is used in a wide variety of industries to remove excess moisture and improve the efficiency of the process and the quality of the product. It can be employed in industries where low RH values are required, such as food, pharmaceutical, and electronic industries.
The electronic/heat pump dehumidifier segment is expected to register a growth of a CAGR of 6.6% over the forecast period. The use of electronic/heat pump dehumidifiers to improve residential air quality and to store goods & materials is gaining momentum. Increasing awareness about the high efficiency of products among consumers is likely to boost demand in the market.
The refrigerative segment is anticipated to grow in the market over the forecast period attributed to the increasing applications in warehousing, storage, indoor pools, and grow rooms. This type of dehumidifier comes in freestanding or portable units and can be stackable. Moreover, these models also feature Wi-Fi or Bluetooth for remote control.
Key players are increasingly spending on research and development activities to innovate products that can reach the required humidity and temperature while being energy-efficient. Such product developments in the market are also significantly contributing to the growth of the industry for dehumidification applications across the residential, commercial, and industrial sectors. Dehumidifier Development Trend.
