Global Dehumidifier Market to Reach US$ 7.1 Billion by 2032, Impelled by Increasing Product Utilization in Households

September 13, 2022 | Chemical & Materials

According to the latest report by IMARC Group, titled “Dehumidifier Market Report by Product (Chemical Absorbent Dehumidifier, Heat Pump Dehumidifier, Ventilating Dehumidifier), Technology (Cold Condensation, Sorption, Warm Condensation, and Others), Distribution Channel (Offline, Online), End Use (Residential, Commercial, Industrial), and Region 2024-2032," the global dehumidifier market reached a value of US$ 4.4 Billion in 2023. A dehumidifier is an electronic device that removes the moisture from the air to decrease the relative humidity of a room. It consists of a heat pump, fan, and heat exchange coils. It is widely used to improve indoor air quality, prevent musty odor, mitigate pest issues, and dry clothes faster. A dehumidifier assists in reducing dust, protecting electronics and tools from corrosion, and lowering energy bills. It also helps to prevent nosebleeds and sinus congestion, improve respiratory issues, and keep the skin soft and vibrant.

Global Dehumidifier Market Trends:

The increasing product utilization in households is one of the key factors driving the market growth. Dehumidifiers are widely used to create a healthy environment by improving comfort levels, alleviating symptoms of allergies, and reducing unpleasant scents from fabrics, walls, and furniture. Furthermore, the widespread product utilization in the food processing industry to maintain product quality, enhance shelf life, and improve hygiene is acting as another growth-inducing factor. Apart from this, the increasing product demand in the pharmaceutical industry to prevent medicines from organic corrosion, biochemical reactions, and micro-organism growth is favoring the market growth. Additionally, the integration of the Internet of Things (IoT) with dehumidifiers to enable efficient monitoring, time-of-day scheduling, and web-based control through smartphones and tablets is providing an impetus to market growth. Moreover, the rising demand for advanced portable dehumidifiers with automatic temperature and humidity sensing capabilities is creating a positive outlook for the market. Other factors, including stringent policies of several governments across the globe to maintain energy-efficiency standards, extensive research and development (R&D) activities to improve quality and reduce cost, and widespread product adoption in defense, semiconductor, and electronics industries, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 7.1 Billion by 2032, exhibiting a CAGR of 5.5% during 2024-2032.

Market Summary:

  • On the basis of the product, the market has been divided into chemical absorbent, heat pump, and ventilating dehumidifier.
  • Based on technology, the market has been categorized into cold condensation, sorption, warm condensation, and others.
  • On the basis of the distribution channel, the market has been bifurcated into offline and online.
  • Based on the end use, the market has been divided into residential, commercial, and industrial.
  • On a regional basis, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and Others) Latin America (Brazil, Mexico and Others), and Middle East and Africa.
  • The competitive landscape of the industry has also been examined, with some of the key players being AB Electrolux, Condair Group AG, Danby, DeLonghi Appliances S.r.l, General Filters Inc., Hitachi Ltd., Honeywell International Inc., Midea Group, Panasonic Corporation, Research Products Corporation, TCL Technology and Therma-Stor LLC.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product, Technology, Distribution Channel, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AB Electrolux, Condair Group AG, Danby, DeLonghi Appliances S.r.l, General Filters Inc., Hitachi Ltd., Honeywell International Inc., Midea Group, Panasonic Corporation, Research Products Corporation, TCL Technology and Therma-Stor LLC.
Customization Scope 10% Free Customization
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Global Dehumidifier Market to Reach US$ 7.1 Billion by 2032, Impelled by Increasing Product Utilization in Households
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