Dehumidifier Market Size, Trends and Growth Analysis by 2027

The dehumidifier industry was valued at approximately US$ 2,797.5 million in 2021 and is anticipated to grow to US$ 4,559.9 million by 2028, reflecting a compound annual growth rate (CAGR) of 7.2% during the period from 2021 to 2028.

The rising use of dehumidifiers in various settings such as hotels, restaurants, dining areas, and kitchens is a significant factor in addressing the high moisture levels produced during cooking, thereby fostering the expansion of the dehumidifier market. Additionally, the increasing need for dehumidifiers in environments with temperatures below 30?C, including garages, vacant properties, and caravans, is driving the uptake of absorption dehumidifiers. Factors such as rapid urbanization, higher disposable incomes, increased spending on comfort and luxury, and deteriorating air quality are contributing to the heightened demand for dehumidifiers. The improvement in global economic conditions, alongside urban development, has led to a surge in construction activities across various sectors. Furthermore, advancements in technology, along with evolving government and organizational regulations regarding energy consumption, are playing a crucial role in the growth of this market. Various government standards, including AHAM 7008-2018, CSA SPE-7008-18, and UL 7008-18, emphasize energy efficiency, further encouraging the adoption of dehumidifiers in both residential and industrial applications.

The COVID-19 pandemic caused significant disruptions across numerous industries. Dehumidifiers are extensively utilized in sectors such as food processing, pharmaceuticals, electronics and semiconductors, defense, leather production, turbine manufacturing, and cold storage facilities. The pandemic has also led to an increased demand for medical supplies and facilities, which in turn has heightened the need for specialized dehumidifiers. Although there was a notable decline in demand from small and medium enterprises during the pandemic, it is expected that the dehumidifier market will experience substantial growth as conditions normalize.

The dehumidifier market can be categorized based on type, application, and geographical region. In terms of type, the market is divided into heat pumps, ventilating dehumidifiers, and chemical absorbent dehumidifiers. When considering applications, the market is segmented into industrial, commercial, and residential uses. Geographically, the global dehumidifier market is divided into several regions: North America (including the US, Canada, and Mexico), Europe (comprising France, Germany, Italy, the UK, Russia, and other European nations), Asia Pacific (which includes Australia, China, India, Japan, South Korea, and the rest of the APAC region), the Middle East and Africa (covering South Africa, Saudi Arabia, the UAE, and other MEA countries), and South America (including Argentina, Brazil, and the rest of SAM). In 2021, Europe held a significant share of the global market.

Several prominent companies are active in the global dehumidifier market, including Haier Group Corporation, Electrolux AB, LG Electronics, Whirlpool Corporation, De'Longhi Appliances S.r.l., General Filters, Inc., Sunpentown International Inc., Therma-Stor, Munters, and Resideo Technologies, Inc..

The overall size of the global dehumidifier market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. This approach also aimed to provide a comprehensive overview and forecast of the dehumidifier market across all segments. Additionally, numerous primary interviews were conducted with industry stakeholders and experts to validate the collected data and gain deeper analytical insights. Participants in this research included industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the dehumidifier sector.