Dehumidifier Market size is anticipated to register rapid growth during 2021 to 2027 owing to several health benefits provided by these devices. Dehumidifiers significantly prevent mold growth, dust mites, and other fungal & bacterial growth in households by removing excess humidity. This functionality provided by dehumidifiers reduces the risk of allergies, thereby supporting their high market demand. These devices also provide a clean and healthy environment with high-quality breathable air that keeps the inhabitants of the household healthy.
Increasing applications of dehumidifiers in the food & beverages and hospitality industries are expected to propel the dehumidifier market statistics. High humidity levels damage food items that are stored for a longer period in hotels, restaurants, and retail stores. Dehumidifiers prevent food items from getting spoiled by removing excess moisture content in the air. Additionally, dehumidifiers are also witnessing a high demand in the processing, packaging, and coating industries to ensure the maintenance of required humidity levels. Several paper manufacturing and printing companies have installed dehumidifiers to achieve efficient printing and packaging of papers
Some of the key factors hampering the dehumidifier market growth include high cost and complex installation of dehumidifiers. The cost of these devices is dependent on the quality of the raw materials & components used and the size of the device. Large whole house dehumidifiers are expensive while small portable devices are comparatively inexpensive. Industrial dehumidifiers require the assistance of trained professionals for their installation, repair & maintenance, thereby contributing to the high cost of purchase and operation of these devices. The impact of these industry challenges is expected to reduce with increasing R&D investments from market players to reduce the initial cost of purchase of these devices.
The dehumidifier market demand is expected to slow down owing to the rapidly escalating spread of the COVID-19 pandemic since January 2020. The sluggish growth can be attributed to several factors such as global economic slowdown, disruptions in the supply chain, and suspension of manufacturing & production activities. Restrictions on international trade and social distancing measures have led to a shortage of raw materials and labor, further impacting the production capabilities of market players. The market is expected to grow steadily with gradual economic revival and containment of the virus spread.
The advent of smart technologies, such as IoT and AI, is providing robust growth opportunities to the industry growth. These technologies are integrated with dehumidifiers to provide intelligent features such as app-based control and remote sensing. Smart dehumidifiers allow users to control several device settings including fan speed, temperature, and humidity levels through their smart devices. Companies operating in the dehumidifier market are focusing on launching new products in response to the growing market trend. For instance, in April 2020, LG launched its new LG PuriCare 50 Pint Dehumidifier that can be remotely controlled with the LG ThinQ smartphone app.
Based on technology, the dehumidifier market is segmented into desiccant, ionic membrane, condensing, and thermoelectric dehumidifiers. Desiccant dehumidifiers are expected to witness a growing demand in the market owing to their low cost and high durability compared to devices with other dehumidification technologies. The ability of these dehumidifiers to remove and regenerate moisture in the air to precisely control relative humidity levels is contributing to their growing adoption in the market. Industry players are also offering customization in desiccant humidifiers to suit the space requirements of customers, thus boosting the market share.
Based on type, the market is categorized into whole house ventilation type dehumidifiers and portable dehumidifiers. Whole house dehumidifiers project a growing demand in the market owing to the ability of these devices to dehumidify large living spaces. This type of dehumidifier can move large volumes of air through condensing coils, thus providing clean & dry air to the entire household at a single time. Robust construction with high-strength materials, such as stainless steel, improves durability and reduces the maintenance requirements of these dehumidifiers, fueling product adoption in the market.
Increasing consumer disposable incomes coupled with a growing inclination toward comfortable and safe living environments at home are expected to increase the residential dehumidifiers market revenue. Consumers living in humid climates and coastal regions are increasingly adopting technologically advanced dehumidifiers for healthy and moisture-free air. Market players are investing heavily in R&D to launch new portable humidifiers to cater to the growing demand from the household sector.
The dehumidifier market in Asia Pacific is expected to grow exponentially over the forecast timeframe. The escalating growth rate can be attributed to temperate changes and humid weather conditions in countries including India, Malaysia, Thailand, Australia, and New Zealand. These countries are characterized by long coastlines due to which the climatic conditions are humid for most of the year. Inhabitants of these regions are increasingly shifting toward dehumidification technology for clean & dry air in households and commercial locations. Market players operating in Asia Pacific are launching new models of dehumidifiers to increase their market share.
Key players operating in the dehumidifier market include Condair, Airwatergreen, Sharp Corporation, De’Longhi Appliances S.r.l, LG Electronics, General Filters, Inc., Continental AG, Honeywell International, Inc., Aprilaire, and Munters. These players focus on product innovation strategies to launch new products in the market. For instance, in June 2019, Honeywell International, Inc. launched the TP Series of dehumidifiers with a user-friendly interface and auto-defrost mode for low maintenance usability.
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