PUBLISHER: Allied Market Research | PRODUCT CODE: 1414928
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414928
According to a new report published by Allied Market Research, titled, "Dehumidifier Market," The dehumidifier market was valued at $2.5 billion in 2022, and is estimated to reach $4.7 billion by 2032, growing at a CAGR of 6.6% from 2023 to 2032.
A dehumidifier is a household appliance, designed to reduce & control the humidity levels in indoor spaces. The primary function of dehumidifier is to remove excess moisture or humidity from the air. The characteristics of dehumidifiers help to maintain a comfortable & healthy environment. It operates using various technologies such as refrigeration or desiccant-based systems to condense or absorb water vapor, with the collected water typically stored in a removable tank or drained directly. Moreover, these devices are commonly used in areas where high humidity which lead to issues such as mold, mildew, musty odors, and moisture damage to property. Dehumidifiers play a crucial role in improving indoor air quality, preventing allergen proliferation, and enhancing overall comfort by eliminating the discomfort associated with excessive humidity.
The dehumidifier market is analyzed on the basis of product, application, distribution channel, and region. On the basis of product, it is categorized into portable and fixed. By application, it is divided into residential, commercial, and industrial. As per distribution channel, it is bifurcated into online and offline. Depending on region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe(the UK, Germany, France, Italy, Spain, Russia, and rest of Europe), Asia-Pacific, (China, Japan, India, Australia, South Korea, Thailand, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, United Arab Emirates, South Africa, Saudi Arabia, and rest of LAMEA).
The impact of the COVID-19 outbreak was moderately high on the growth of the dehumidifier market. Travel restrictions and lockdown ceased the activities carried out in the consumer electronics industry. Conversely, recovery of the dehumidifier market is expected in the near future.
The demand for dehumidifiers has increased globally owing to increase in awareness and concern about indoor air quality. Numerous health issues are a result of the rise in indoor air pollution. Among these issues include respiratory conditions and allergies. Moreover, high relative humidity has facilitated the development of mold and mildew which has increased pre-existing problems. As it leads to improvement in indoor air quality. Dehumidifiers have become more popular in recent years, as it is helpful to solve issues caused by high humidity such as mold growth and allergy dispersion. Furthermore, it helps people with respiratory conditions and enhances the quality of indoor air for breathing. The adoption of dehumidifiers has surged as energy conservation, comfort, and a better living environment become more and more important.
The alterations in the environment which have taken place frequently, have led to a rise in the frequency of extreme weather events such as flooding and heavy rain. Dehumidifiers are in high demand due to the weather events that have increased the humidity levels in homes and other structures. Moreover, humidity has been experienced frequently and for last longer in some parts of the world as a result of rise in global temperatures. Due to these characteristics, dehumidifiers are becoming a very useful tool for protecting furniture from moisture-related damage and maintaining comfort. The high frequency of occurrence of these accidents has increased the necessity for dehumidifiers.
The advancement in technology has led to a growth in the market for dehumidifiers that are both intelligent and energy-efficient. These units are energy-efficiently tuned which are integrated into smart home systems and are remotely controlled using smartphone apps. Additional elements fueling the dehumidifier market's demand are effectiveness and convenience. Furthermore, as people and businesses grow more aware of their energy consumption, energy-efficient dehumidifiers are in great demand since they can reduce operating expenses and carbon footprints. Smart dehumidifiers enable effortless operation and immediate control over interior humidity levels through web interfaces and smartphone apps, due to their remote monitoring and control features. Moreover, these devices integrate seamlessly into more extensive smart home networks, enhancing the overall regulation of interior temperature.
Dehumidifiers are expensive to buy, especially if consumers are looking for high-capacity or specialty models. It is available in a variety of sizes & capacities and fluctuates in price significantly. Moreover, the initial cost of dehumidifiers deters many potential customers, especially those who are homeowners or small businesses with limited resources. Dehumidifiers that operate constantly consume more electricity, particularly in humid environments.
The major players analyzed for the dehumidifier industry include LG Electronics Inc., Honeywell International Inc., Haier company, De'Longhi Appliances S.r.l., Whirlpool Corporation, Munters Group, CondAir Group, Bry-Air Inc., Stulz GmbH, Danby Products Ltd.
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