Newark, April 15, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 3.28 billion in 2023 global dehumidifier market will reach USD 6.20 billion by 2033. Integrating smart technology into dehumidifiers presents a significant opportunity for market growth. Smart dehumidifiers equipped with Wi-Fi connectivity and smartphone apps allow users to monitor and control humidity levels remotely, receive notifications, and adjust settings based on real-time data. The growing demand for home automation and connected devices drives the adoption of smart dehumidifiers, offering convenience, energy savings, and improved user experience. Most importantly, energy efficiency and sustainability are key trends shaping the dehumidifier market.
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There is a rising priority on designing energy-efficient dehumidifiers that minimize energy consumption, reduce carbon emissions, and lower consumer operating costs. Manufacturers are exploring innovative technologies such as heat pump systems, eco-friendly refrigerants, and advanced control algorithms to improve the energy efficiency of dehumidifiers and meet evolving regulatory standards. Additionally, promoting the environmental benefits of energy-efficient dehumidifiers can appeal to environmentally-conscious consumers and drive market demand. In addition, customizable and differentiated dehumidifier solutions can help manufacturers stand out in the competitive market. A wide range of product options lets manufacturers cater to multifarious consumer preferences and market segments, including different capacities, designs, features, and price points. Further, incorporating innovative features such as modular designs, customizable controls, and user-friendly interfaces can enhance product differentiation and appeal to target customers. Moreover, collaborations and partnerships between dehumidifier manufacturers and other industries present innovation and market expansion opportunities. For example, collaborations with HVAC companies, home appliance manufacturers, and building contractors can lead to integrated solutions that combine dehumidification with heating, ventilation, air conditioning, and building automation systems. Similarly, partnerships with technology companies, research institutions, and government agencies can drive advancements in smart dehumidifier technology, energy efficiency, and sustainability. Besides, emerging markets in Asia-Pacific, Latin America, and Africa offer untapped opportunities for the dehumidifier market. Rapid urbanization, rising disposable incomes, and increasing awareness of indoor air quality issues in these regions drive demand for dehumidifiers. Manufacturers can capitalize on these opportunities by offering affordable, reliable, and tailored dehumidification solutions that cater to consumers' precise needs and preferences in emerging markets.
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Key Insight of the Global Dehumidifier Market
Asia Pacific is expected to witness the highest market growth over the forecast period.
The Asia Pacific region is experiencing quick urbanization, with a huge population moving from rural areas to cities. Urban areas often face higher humidity due to increased construction, industrial activities, and population density. As a result, there is a growing demand for dehumidifiers in residential, commercial, and industrial settings to maintain comfortable and healthy indoor environments. Many countries in Asia have high temperatures and humidity levels throughout the year. These climatic conditions contribute to moisture-related issues such as mold growth, dampness, and building discomfort. Dehumidifiers are essential for controlling indoor humidity levels and mitigating these problems, driving regional demand. Furthermore, economic growth and rising disposable incomes in economies such as Japan, China, India, Indonesia, and Vietnam fuel consumer spending on home comfort and wellness products. Consumers increasingly invest in appliances like dehumidifiers to enhance indoor air quality, reduce allergens, and improve overall living standards as consumers become more affluent. In addition, the region has a growing understanding of the health hazards associated with high humidity levels in the Asia Pacific region, such as respiratory problems, allergies, and mold-related illnesses. Consumers are becoming more proactive about addressing indoor air quality issues and are willing to invest in dehumidifiers as a preventive measure to protect their health and well-being. Besides, some governments in the Asia Pacific region are implementing initiatives to promote energy efficiency and environmental sustainability. It includes regulations and standards to reduce energy consumption and greenhouse gas emissions from appliances such as dehumidifiers. Manufacturers are responding to these initiatives by developing energy-efficient products that comply with regulatory requirements, stimulating market growth.
In 2023, the desiccant dehumidifiers segment dominated the market with the largest share of 58.24% and revenue of 1.91 billion.
The type segment is divided into desiccant dehumidifiers, electronic/heat pump dehumidifiers and refrigerant dehumidifiers. In 2023, the desiccant dehumidifiers segment dominated the market with the largest share of 58.24% and revenue of 1.91 billion.
In 2023, the fixed dehumidifiers segment dominated the market with the largest share of 58.46% and revenue of 1.92 billion.
The installation segment includes portable dehumidifiers and fixed dehumidifiers. In 2023, the fixed dehumidifiers segment dominated the market with the largest share of 58.46% and revenue of 1.92 billion.
In 2023, the cold condensation segment dominated the market with the largest share of 42.37% and revenue of 1.39 billion.
The technology segment is split into cold condensation, sorption, warm condensation and others. In 2023, the cold condensation segment dominated the market with the largest share of 42.37% and revenue of 1.39 billion.
In 2023, the industrial segment dominated the market with the largest share of 46.81% and revenue of 1.54 billion.
The application segment is classified into commercial, industrial and residential. In 2023, the industrial segment dominated the market with the largest share of 46.81% and revenue of 1.54 billion.
In 2023, the offline segment dominated the market with the largest share of 65.31% and revenue of 2.14 billion.
The distribution channel segment is split into online and offline. In 2023, the offline segment accounted for the highest market, with a share of around 65.31% and revenue of 2.14 billion.
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Advancement in Market
In September 2023: Quest Climate has unveiled the latest addition to its lineup: the Quest 100 dehumidifier, designed specifically for small greenhouse or hobbyist growers. With Quest's patented M-CoRR Technology at its core, the Quest 100 stands out as the smallest dehumidifier in the product range. This innovative technology ensures high efficiency, providing smaller-scale cultivators with a new pathway to achieve successful and healthy yields. The Quest 100 represents the first of two exciting new products set to launch this year, signalling Quest's ongoing commitment to innovation and meeting the diverse needs of growers at all levels.
Market Dynamics
Driver: Expansion of commercial and industrial sectors.
Food processing, pharmaceuticals, storage facilities, and electronics manufacturing industries require precise control of humidity levels to maintain product quality and safety. In pharmaceutical manufacturing, maintaining specific humidity levels is critical to preserving the efficacy and stability of medications. Humidity control prevents degradation of active ingredients, ensures uniformity in product formulations, and inhibits microbial growth. Dehumidification systems help create optimal conditions for manufacturing, packaging, and storing pharmaceutical products, complying with stringent regulatory requirements. Furthermore, humidity control is vital in food processing and storage to prevent spoilage, mold growth, and quality deterioration. In food manufacturing facilities, precise humidity control is essential for maintaining perishable goods' texture, flavour, and shelf-life. Dehumidification systems are utilized to remove excess moisture from processing areas, packaging rooms, and storage facilities, maintaining the grade and safety of food items during the supply chain. Additionally, warehouses and storage facilities for various goods, including perishable items, chemicals, and raw materials, must maintain optimal humidity levels to prevent deterioration and preserve product quality. Excessive moisture can cause rust, mold growth, and degradation of stored materials. Dehumidification systems are installed in storage areas to regulate humidity levels, safeguard inventory integrity, and minimize losses due to moisture-related damage. The expansion of these sectors worldwide is driving the adoption of dehumidification systems for various applications.
Restraint: Operating expenses.
Dehumidifiers draw in air, dismiss moisture, and then release the dry air into the environment. This process typically involves the operation of a compressor, fan, and sometimes heating elements. Larger units, or those designed for continuous operation, consume more electricity due to their higher capacity and longer running times. Moreover, dehumidifiers may need to run continuously in areas with high humidity levels or in applications where consistent humidity control is required, such as in basements, crawl spaces, or commercial settings. This continuous operation can significantly increase electricity consumption over time. This ongoing expense can be a deterrent for consumers, particularly in regions where electricity prices are high.
Opportunity: Green technologies.
As sustainability evolves as a fundamental priority across industries, there's a growing demand for eco-friendly dehumidifiers operated by lower global warming potential (GWP) refrigerants made from recyclable materials. Traditional dehumidifiers are usually operated by high global warming potential (GWP) refrigerants, contributing to climate change when released into the atmosphere. However, there's a shift towards utilizing refrigerants with lower GWP or alternative technologies that minimize environmental impact. Investing in research and development to develop dehumidifiers with eco-friendly refrigerants can help companies meet sustainability goals while complying with regulations to phasing out harmful substances. In addition, designing dehumidifiers using recyclable materials reduces dependence on pure resources and lowers waste generation and environmental pollution. Companies can explore innovative materials and manufacturing processes, prioritizing recyclability and ease of disassembly for end-of-life recycling. This approach contributes to circular economy principles, in which products are designed with longevity and resource efficiency. Investing in research and development to create more sustainable dehumidifiers helps companies stay competitive in the market and contributes to addressing global environmental challenges. By prioritizing eco-friendly practices and innovation, companies can fulfil customers' evolving demands while lowering their ecological footprint.
Challenge: Product quality and reliability.
Maintaining consistent product quality and reliability is crucial for establishing and sustaining consumer trust and brand loyalty. When products exhibit defects, malfunctions, or premature failures, it not only undermines the reputation of manufacturers but also leads to a range of adverse consequences. First and foremost, such issues can severely impact customer satisfaction levels. Consumers expect products to perform as advertised and meet their expectations consistently. When products fail to do so, it can lead to dissatisfaction and a loss of faith in the brand. Furthermore, product defects often increase warranty claims as customers seek replacements or repairs for faulty items. This factor not only incurs additional costs for the manufacturer but also adds to the operational burden of managing returns and exchanges. Moreover, the negative publicity stemming from quality issues can tarnish the brand's image and erode its market position. In today's interconnected world, information on product failures spreads quickly via social media and online reviews, amplifying the damage to the brand's reputation. Legal liabilities are another significant concern associated with product defects. Manufacturers may face lawsuits from consumers who have experienced harm or damages due to faulty products. These legal conflicts can be expensive and time-consuming, further straining the company's resources and detracting from its core business activities. Ultimately, the cumulative impact of quality-related issues can impede market growth and hinder the company's long-term success.
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Some of the major players operating in the global dehumidifier market are:
• Airwatergreen AB
• Advance International
• Bry-Air Inc.
• CondAir Group
• Danby Products Ltd.
• De’Longhi Appliances S.r.I.
• Dantherm Group
• Drycool Systems India Private Limited
• Electrolux Group
• General Filters, Inc.
• GREE Electric Appliances Inc.
• GE Appliances
• Haier Group
• Honeywell International, Inc.
• Hitachi Ltd.
• Keystone
• Kerone Engineering Solutions Ltd.
• LG Electronics Inc.
• Munters Group
• Midea Group
• Origin Corporate Services Pvt. Ltd.
• Panasonic Corporation
• Quest Climate
• Resideo Technologies, Inc.
• Sunpentown International, Inc.
• Stulz GmbH
• SEIBU GIKEN DST
• Therma-Stor LLC
• TCL Technology
• Whirlpool Corporation
• Xiaomi
Key Segments cover in the market:
By Type
• Desiccant Dehumidifiers
• Electronic/Heat Pump Dehumidifiers
• Refrigerant Dehumidifiers
By Installation
• Portable Dehumidifiers
• Fixed Dehumidifiers
By Technology
• Cold Condensation
• Sorption
• Warm Condensation
• Others
By Application
• Commercial
• Industrial
• Residential
By Distribution Channel
• Online
• Offline
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, the UK, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
About the report:
The market is analyzed based on value (USD Billion) and volume (Units). All the segments have been analyzed worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyses driving factors, opportunities, restraints, and challenges to gain critical market insight. The study includes Porter's five forces model, attractiveness analysis, Product analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
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