The global dehumidifiers market was valued at US$ 2.70 billion in 2017 and is expected to grow significantly, expanding at a CAGR of 7.0% from 2018 to 2026. Dehumidifiers are used to maintain the desired humidity levels. The process of dehumidification helps remove humidity and vapor from the air. With heating and cooling, dehumidification is increasingly used in air conditioning applications. This alleviates the need to continuously reheat incoming air and maintain the requisite humidity in a particular area. Residential, commercial, and industrial settings all require precise humidity levels, which are easily achieved with the help of dehumidifiers. The increasing adoption of various dehumidification solutions across several end-use verticals is one of the major factors driving the dehumidifier market worldwide.
Dehumidifiers aid in the removal of humidity and dampness from enclosed spaces, particularly cellars. It is a necessity in environments where excess moisture could lead to the growth of mold, allergies, wood damage, or even the incursion of insects. As a result, growing awareness among consumers of the need to maintain the moisture of a particular area is expected to facilitate the growth of the dehumidifier market in the years to come.
Stringent regulations framed by the governments of various regions pertaining to better indoor air quality are likely to augment market growth in the near future. Government standards that focus on energy efficiency are propelling the use of dehumidifiers across various industries worldwide. Moreover, the construction industry is extensively deploying dehumidifiers in order to keep the cement, iron rods, and iron bars free from moisture. As a result, growing construction activities across the globe are projected to have a favorable impact on the growth of the global dehumidifiers market during the forecast period from 2018 to 2026.
Market Snapshot
In 2017, desiccant and chemical absorbent dehumidifiers held the largest market share.
Desiccant/chemical absorbent dehumidifiers held the largest market share in the global dehumidifiers market in 2017. The growth of this segment is mainly attributed to the widespread application of these dehumidifiers across several industries, including commercial buildings, medical centers, and restaurants, among others. Desiccant/chemical absorbent dehumidifiers naturally absorb water from the air and keep the space dry by using a desiccant. As desiccant reduces humidity by absorbing water molecules, it is widely used and packaged with clothing, shoes, and other items that need to be kept dry.
North America garnered the largest market share in 2017.
The global dehumidifiers market, based on geography, was led by North America in 2017 and is likely to remain dominant throughout the forecast period from 2018 to 2026. The growth of this region is mainly attributed to the high adoption rates of dehumidifiers in areas where humidity levels are high. Moreover, the presence of some leading players, including Frigidaire, General Filters, Inc., Honeywell International, Inc., The Whirlpool Corporation, etc., is further supporting the growth of the dehumidifier market in the region.
Competitive Insights
Major players in the dehumidifier market include Airwatergreen AB, De'Longhi Appliances S.r.l., Frigidaire, General Filters, Inc., Honeywell International, Inc., MARS, LG Electronics, Munters, Seibu Giken DST AB, Sunpentown Inc., Therma-Stor LLC, The Whirlpool Corporation, and Woods, among others.
Periods of History and Forecast
The research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
The dehumidifier market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global dehumidifier market based on product type, technology, end-user, and geography.
Key questions are answered in this report.
What was the size of the dehumidifier market in 2017, and what are the projections for 2026?
What are the key factors driving the global dehumidifier market?
What are the key market trends and high-growth opportunities observed in the dehumidifier market?
What are the drivers of the dehumidifier market?
Which is the largest regional market for dehumidifiers?
Which segment will grow at a faster pace? Why?
Which region will drive the market's growth? Why?
Which players are leading the dehumidifier market?
What are the sustainability strategies adopted by the key players operating in the market?
Frequently Asked Questions:
The market for Dehumidifiers Market is expected to reach US$ 2.70 Bn By 2026.
The Dehumidifiers Market is expected to see significant CAGR growth over the coming years, at 7.0%.
The report is forecasted from 2018-2026.
The base year of this report is 2017.
Airwatergreen AB, De'Longhi Appliances S.r.l., Frigidaire, General Filters, Inc., Honeywell International, Inc., MARS, LG Electronics, Munters, Seibu Giken DST AB, Sunpentown Inc., Therma-Stor LLC, The Whirlpool Corporation are some of the major players in the global market.
