The dehumidifier market size is projected to reach US$ 5.6 billion by 2031 from US$ 3.2 billion in 2023. The market is expected to register a CAGR of 7.2% during 2023–2031. Increasing disposable income and rapid urbanization are likely to remain key trends in the market.
The enhancement of the world economy, accompanied by urban development, has resulted in a rise in construction across different sectors. This construction boom, which includes malls, hospitals, office buildings, hotels, and industrial plants, has increased the need for dehumidifiers. Progress in technology and the development of energy usage regulations at both government and organizational levels have also contributed to the expansion of the market. There is a increasing inclination towards advanced dehumidifiers that can independently measure and regulate air moisture, as well as the integration of cloud-based technology that enables connectivity with smart devices, both of which have greatly hastened market growth.
Significantly, regulations imposed by the government, like the energy efficiency testing criteria set by the U.S. Department of Energy, are impacting the market's behavior. Moreover, the market is being positively affected by an improved standard of living and a growing consumer consciousness regarding health-related factors. The rising need for portable dehumidifiers in homes and businesses, coupled with the integration of easy-to-use digital controls in modern dehumidifier units, is driving market expansion, especially in the residential sector. Furthermore, energy efficiency-focused government regulations and standards, such as AHAM 7008-2018/CSA SPE-7008-18/UL 7008-18, are further bolstering the use of dehumidifiers in residential and industrial sectors. These combined factors are instrumental in driving the overall expansion of the market.
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Dehumidifier Market: Strategic Insights
The global dehumidifier market is experiencing growth due to several key factors. The rising adoption of dehumidifiers in both commercial and residential spaces, along with rapid urbanization and increasing disposable income, are driving this growth. In various developing countries across the Asia Pacific, the demand for dehumidifiers is increasing due to the growing investments in construction activities for residential and commercial spaces. This demand is particularly evident in storage spaces where lithium batteries and other electronic equipment are stored. Additionally, the fluctuating weather conditions caused by factors such as global warming are contributing to the growth of the dehumidifier market. In Europe, the demand for dehumidifiers is expected to rise in the coming years, especially in establishments such as restaurants, hotels, resorts, cafeterias, food and beverage processing centers, and cold storage spaces.
Health clubs need commercial dehumidifiers not only in swimming pools and spa areas but also in moisture-heavy workout spaces. These dehumidifiers are essential for controlling moisture, preventing issues such as Mold and mildew, stopping workout equipment from rusting, and maintaining the overall integrity of the building. In compact, humid spaces like those housing therapy pools, hot tubs, or spas, a commercial dehumidifier is utilized to extract surplus moisture. Furthermore, due to the relatively limited room volume compared to the moisture produced, specialized low-volume CFM commercial dehumidifiers are necessary to restrict the number of room air changes passing through the dehumidifier to a suitable level. All of these benefits provided by dehumidifiers are expected to boost the adoption of this product.
Key segments that contributed to the derivation of the dehumidifier market analysis are type and application.
The geographic scope of the dehumidifier market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America is expected to hold a significant position in the market. Companies such as Dehumidifier Corporation of America (DCA) are offering a wide range of humidifiers in this region. Commercial swimming pool enclosures and spa facilities in hotels, health clubs, YMCAs, YWCAs, high schools, universities, retirement communities, fitness centers, and other similar establishments can experience improved conditions with the use of DCA dehumidifiers, particularly in combating high moisture accumulation.
The regional trends and factors influencing the Dehumidifier Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Dehumidifier Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 3.2 Billion |
| Market Size by 2031 | US$ 5.6 Billion |
| Global CAGR (2023 - 2031) | 7.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Dehumidifier Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Dehumidifier Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The dehumidifier market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the dehumidifier market are listed below:
(Source: Quest, Company Website, December 2023)
(Source: AprilAire, Company Website, April 2022)
The “Dehumidifier Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: