Dehumidifier Market Forecast to 2028 – COVID-19 Impact Growth Analysi – The Insight Partners.

Posted by niket gore on August 5th, 2022

The dehumidifier market was valued at US$ 2,797.5 million in 2021 and is projected to reach US$ 4,559.9 million by 2028; it is expected to grow at a CAGR of 7.2% from 2021 to 2028.The improving economic conditions across the world coupled with urbanization have led to increased construction in industries. There has been an increase in the construction of malls, hospitals, commercial buildings, hotels, and manufacturing facilities, which propels the demand for dehumidifiers. Technological advancements, coupled with the changes in government and organizational regulations for energy consumption, are contributing to the growth of the dehumidifiers market. The demand for smart dehumidifiers that work with technology, calculate humidity levels for the air, and work automatically is rising.

 Also, the emergence of cloud-based technology that allows the connection of dehumidifiers with smartphones, tablets, and laptops accelerates the market growth. For instance, according to the U.S. Department of Energy (DOE), a manufacturer of dehumidifiers is required to test the product to determine compliance with existing energy conservation standards. Moreover, improving standard of living and increasing awareness among consumers toward health drive the growth of the dehumidifiers market. Additionally, the growing demand for portable dehumidifiers from the residential and commercial spaces escalates the market growth. Recent developments of dehumidifier devices are equipped with digital control systems and are easy to install, access, and control, which propel the market growth for the residential segment. Moreover, various government regulations and standards, such as AHAM 7008-2018/CSA SPE-7008-18/UL 7008-18, are focusing on energy efficiency and propelling the use of dehumidifiers in the residential and industrial sectors. Thus, the above-mentioned factors are driving the growth of the market.

Get Sample Pdf: - https://www.theinsightpartners.com/sample/TIPRE00005289/

 

Impact of COVID-19 Pandemic on Dehumidifier Market

According to the latest report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are among the worst-affected countries due to the COVID-19 pandemic. In the beginning of 2020, many industries came to a standstill due to the imposition of nationwide lockdown in most of the countries. Dehumidifier is widely used in the food industry, pharmaceutical industry, electronics & semiconductors industry, defence industry, leather industry, turbine industry, and cold stores. Demand for dehumidifiers at various small & medium enterprises is also declined significantly.

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.

Rapid Urbanization and Growing Disposable Income

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.

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.

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.

 

Buy Now: - https://www.theinsightpartners.com/buy/TIPRE00005289/

 

Reason To Buy: -

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global dehumidifier market.

- Highlights key business priorities in order to assist companies to realign their business strategies

- The key findings and recommendations highlight crucial progressive industry trends in the global dehumidifier market, thereby allowing players across the value chain to develop effective long-term strategies

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Dehumidifier Market - List of Companies

  • Haier Group Corporation
  • Electrolux AB
  • LG Electronics
  • Whirlpool Corporation
  • De’Longhi Appliances S.r.l.
  • General Filters, Inc.
  • Sunpentown International Inc.
  • Therma-Stor
  • Munters
  • Resideo Technologies, Inc

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876

Like it? Share it!


niket gore

About the Author

niket gore
Joined: July 6th, 2022
Articles Posted: 170

More by this author