The Dehumidifier Market Size and Growth is anticipated to extent $4,559.9 Million by 2028 from $2,797.5 Million in 2021 to grow at 7.2% CAGR from 2021 to 2028 Driven by rising urbanization, increasing disposable income, growing expenditure on comfort and luxury, low air quality, technological advancements, coupled with changes in government and organizational regulations for energy consumption.
New York, Oct. 22, 2021 (GLOBE NEWSWIRE) -- The new research study on the Dehumidifier Market Size and Forecast to 2028 By Type (Heat Pumps, Ventilating Dehumidifiers, and Chemical Absorbent Dehumidifiers) and Application (Industrial, Commercial, and Residential) with Impact Assessment of COVID-19 Pandemic and Global Analysis available at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00005289
Dehumidifier Market: Competitive Landscape and Key Developments
Haier Group Corporation; Electrolux AB; LG Electronics; Whirlpool Corporation; De’Longhi Appliances S.r.l.; General Filters, Inc.; Sunpentown International Inc.; Therma-Stor; and Munters and Resideo Technologies, Inc are among the key players that are profiled during this market study. In addition, several other essential market players were studied and analyzed to get a holistic view of the global dehumidifier market and its ecosystem.
In September 2021, in the LG Styler, the drying feature doubled as a powerful dehumidifier, which prevents the build-up of molds in houses and minimizes respiratory distress indoors.
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In July 2021, Munters DSS Pro is manufactured for a broad range of fields that demand dehumidification efficiencies. A few of such fields are food, pharmaceutical, and battery applications.
Dehumidifier are gaining popularity in residential space as it improves air quality and helps eliminate dust mites. Its use is increasing in the residential space due to its various advantages such as portable and convenient, and easy and quick maintenance. Moreover, the adoption of dehumidifiers is increasing in hotels, restaurants, dining rooms, and kitchens to handle the concerns regarding the high moisture levels generated by cooking, which supports the growth of the dehumidifiers market. The growing demand for dehumidifiers in the locations having temperatures below 30°C, such as garages, unoccupied properties, and caravans, boosts the adoption of the absorption dehumidifiers. Additionally, the improving economic conditions across the world coupled with urbanization have increased construction in various industries. There has been an increase in the construction of malls, hospitals, commercial buildings, hotels, and manufacturing facilities, which propels the demand for dehumidifiers. Moreover, technological advancements, coupled with changes in government and organizational regulations for energy consumption, are contributing to the market growth. Additionally, the emergence of smart dehumidifiers that work with technology, calculate humidity levels for the air, and work automatically fuels the growth of the market.
The dehumidifier market is expected to witness high demand from the industrial sector in the coming years. Dehumidifiers are widely used in manufacturing and pharmaceuticals plants, food processing units, automotive factories, and others. The mentioned industries need sufficient heat during the production process. The government agencies in Europe and North America are directed to use energy-efficient systems. Therefore, the regions have become mature and well-recognized for using dehumidifiers.
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Europe dominates the dehumidifier market due to the growing demand for absorbent dehumidifiers in hotels, restaurants, food & beverage industry, office buildings, and medical centers. Moreover, the growth of the real estate sector and continuous changes in climatic condition are projected to boost the growth of the European dehumidifier market in the coming years. Additionally, the role of humidity seems to be extremely important to the airborne spread of novel coronavirus that causes COVID-19 in indoor environments. Therefore, to maintain humidity in atmosphere, there is an increasing demand for dehumidifiers in the region.
Rising urbanization, increasing disposable income, growing expenditure on comfort and luxury, and low air quality are a few factors driving the growth of the global dehumidifiers market. The improving economic conditions across the world coupled with urbanization have increased construction in various industries. There has been an increase in the construction of malls, hospitals, commercial buildings, hotels, and manufacturing facilities, which propels the demand for dehumidifiers. Moreover, the improving standard of living and increasing awareness among consumers toward health are expected to drive the market growth during the forecast period.
Dehumidifier Market: Type Overview
Based on type, the dehumidifier market is segmented into heat pumps, ventilating dehumidifiers, and chemical absorbent dehumidifiers. The chemical absorbent dehumidifier absorbs water from the air using a "desiccant" product having the property of drying, such as silica gel. The desiccant is located on the wheel of the heat exchanger. A separate sealed air system dries the wheel and discharges hot and humid outside air through special ducting. 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.
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Key Questions to Request for Dehumidifier Market:
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