Dehumidifier Market Projected To Raise At USD 5,129.5 Million By 2030


 San Francisco, 28 Aug 2024: The Report Dehumidifier Market Size, Share & Trends Analysis Report By Technology (Refrigerative Dehumidifier, Desiccant Dehumidifier), By Product (Portable, Fixed), By Application, By Region, And Segment Forecasts, 2024 - 2030

The global dehumidifier market is expected to reach USD 5,129.5 million by 2030, registering a CAGR of 7.2% over the forecast period, according to a new report by Grand View Research, Inc. dehumidifier market growth is significantly driven by increasing applications for the improvement of indoor air quality for the residential, commercial, and industrial purposes.

Growth in the number of hotels, restaurants, and cafes is expected to propel the global dehumidifier market. Changing consumer lifestyles and rising café culture are the factors driving the HoReCa industry across the world. The demand for dehumidifiers for such commercial businesses to keep the air fresh and prevent the formation of mold and fungus is expected to grow during the forecast period.

Additionally, dehumidifiers are also used to reduce the humidity and moisture control in the manufacturing of lithium-ion batteries. Relative humidity which needs to be as low as 1.0% to 10.0% is the most crucial and important factor governing the manufacturing process. Demand for electric vehicles is propelling the manufacturing of lithium-ion batteries and is expected to drive the dehumidifier market growth.

Moreover, rising demand for water and wastewater treatment plants is expected to drive the growth of the dehumidifier market. Dehumidifiers are used in waste and fresh water treatment facilities to prevent corrosion of the equipment. Growing concern about the scarcity of water is expected to drive the water treatment facilities and also propel the demand for dehumidifiers.

The COVID-19 outbreak had a negative impact on the growth of this product in 2020. Due to the decreased demand from the industrial sector, and the disruption of the supply chain for raw materials, the dehumidifier market growth plummeted. Owing to the resumption of industrial manufacturing and trade activities market is likely to recover gradually during the forecast period.

Companies in the industry are actively focusing on expansion and industry penetration with the strategies such as product innovation & launches, mergers & acquisitions, joint ventures, etc. For instance, in April 2020, Corroventa launched a new dehumidifier in the market. The new dehumidifier A1 is the smallest adsorption dehumidifier designed for powerful dehumidification.

Access Research Report of Dehumidifier Market @ https://www.grandviewresearch.com/industry-analysis/dehumidifier-market

Dehumidifier Market Report Highlights

  • The desiccant dehumidifier segment accounted for a 56.3% market share in 2023 attributed to the wide application in industrial manufacturing, commercial building, and residential places
  • Portable dehumidifier segment is anticipated to grow at a significant CAGR of 7.4% during the forecast period. The rising product awareness among the masses and rising demand from the residential & commercial sector is driving the market
  • Industrial segment accounted for 45.5% of the market share in 2023 owing to the extensive use of dehumidifiers in warehousing & storage, printing, water treatment, and the manufacturing industry
  • Asia Pacific is anticipated to witness significant growth during the forecast period. This is attributed to the increasing product awareness, growth of the industrial sector, and rising health consciousness among consumers
  • In August 2022, DryGair Energies Ltd., Israel based manufacturer of dehumidification solutions, announced a distribution agreement with RMJ Supply. The company will distribute DryGair dehumidifiers, developed for greenhouses; grow rooms, nurseries, etc.

Dehumidifier Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 3,388.0 million

Revenue forecast in 2030

USD 5,129.5 million

Growth Rate

CAGR of 7.2% from 2024 to 2030

Historical data

2018 - 2023

Forecast period

2024 - 2030

List of Key Players in the Dehumidifier Market

  • LG Electronics Inc.
  • Honeywell International Inc.
  • GE Appliances, a Haier Company
  • De’Longhi Appliances S.r.l.
  • Bry-Air Inc.
  • Danby Products Ltd
  • Whirlpool Corporation
  • Munters Group
  • STULZ Air Technology Systems, Inc.
  • CondAir Group

Access Press Release of Dehumidifier Market @ https://www.grandviewresearch.com/press-release/global-dehumidifier-market

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon

Comments

Post a Comment

Popular posts from this blog

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more