Dehumidifier Market worth USD 3.1 billion by 2027

The Market Statsville Group (MSG) publishes the new report on the "Dehumidifier Market by Product (Mechanical Dehumidifier, Chemical Dehumidifier, and Heat Pump Dehumidifier), by Distribution Channel (Offline, Online), by End User (Residential, Commercial, Industrial), and by Region - Global Trends, Market Share, and Forecast to 2027". The global dehumidifier market was valued at USD 1.9 billion in 2020 to USD 3.1 billion by 2027, at a CAGR of 6.7% from 2021 to 2027. Dehumidifiers provide allergy and asthma relief by helping stop mold growth, eliminating dust mites, and focusing on trouble areas at home. Air dehumidifiers help to combat household humidity problems caused by excessive amounts of water vapor in the air. Whether desiccant or compressor, these machines may reduce humidity levels, but they will not solve any underlying issues caused by poor insulation, rising damp, or inefficient heating systems. Rapid growth in consumers' consciousness toward health and comfort and continuous changes in climatic conditions are projected to boost the growth of the residential dehumidifier segment.

Furthermore, improvement in living standards and a rise in health expenditure augment the demand for dehumidifiers in the dehumidifier market. Homeowners install dehumidifiers to reduce the humidity within the home, improving air quality and lowering the risk of mold. The system pulls moisture out of the air, collects it, and drains it away. Many people opt for the portable version, which they can move from one space to another as needed. A portable style works best in a house where humidity is only high for a brief period or a few times a year.

Global Dehumidifier Market Segmentation

The overall dehumidifier market has been segmented into the product, distribution channel, end-user, and region.

• By Product (Mechanical Dehumidifier, Chemical Dehumidifier, and Heat Pump Dehumidifier)
• By Distribution Channel (Offline, Online)
• By End User (Residential, Commercial, Industrial)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Offline, by distribution channel, is estimated to hold the largest market share during the forecast period

Based on the distribution channel, the global dehumidifier market has been segmented into online and offline. In 2020, Online accounted for the largest market revenue share of 78.77% in the global dehumidifier market and had a CAGR of 0.32% during the forecast period.

Due to the availability of different brands and features of residential dehumidifiers in the market and diverse customer requirements, supermarkets can fill the gaps between the sellers and the buyers. Various supermarkets offer innovative value-added services, such as customer loyalty programmers and happy hours on shopping deals, which boost the sales of various home appliances, including residential dehumidifiers. In regions like Europe, specialty stores are preferred for selling dehumidifiers, as these are small retail outlets that focus on selling a particular product range and associated items. Most specialty store business operators maintain considerable penetration in the type of product they specialize in selling, usually at premium prices, in addition to providing higher service quality and expert guidance to shoppers.

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The Asia Pacific accounts for the largest market share during the forecast period in the dehumidifier market

Based on the regions, the global dehumidifier market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, Asia Pacific was accounted for the highest market share of 48.58% in the global dehumidifier market and was anticipated to maintain its dominance throughout the forecast period.

A dehumidifier draws in outside air through a set of filters. An air purifier and an air conditioner are very similar in their functioning. Dehumidifiers are not a very common sight in homes across India. With changing climate conditions, improving lifestyle, and health concerns, the demand for air monitoring and controlling devices like dehumidifiers is rising. As the country has a large coastal area, it is expected that the demand for dehumidifiers in such regions is higher. India being a predominantly warm country, reports an excessive amount of humidity every year. High humidity causes plenty of damages at the macro level. In households, humidity or high indoor moisture content leads to multi-dimensional damages that may need costly fixes. So, preventing humidity at the very initial stage is necessary for your home and human health. And using a dehumidifier makes this job more manageable.

Some of the major companies that operate in the global dehumidifier market are Condair Group, DehuTech AB (Fuktkontroll AB), General Filters Inc., Frigidaire (Electrolux AB), Ningbo Deye Technology Group Co. Ltd, De’Longhi Appliances S.r.L - De Longhi Group, Panasonic Corporation, and TCL.

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