Dehumidifiers Market Trends, Industry Share, Growth Drivers, Business Opportunities and Demand Forecast to 2029

The global dehumidifier market size is expected to gain momentum owing to the rising awareness regarding high-risk factors of air pollution during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Dehumidifier Market, 2022-2029.” People are inclined towards owning a product that could enrich the quality of air around them. The product also prevents many airborne diseases, allergic symptoms, improves skin health which attracts more customers. Brands are focusing on developing a technologically based product with the latest technology, which is the major contributing factor. For example, switchbot came up with a Smart Ultra humidifier with Wi-fi technology and can be controlled with Alexa and Google Home.

COVID-19 Impact-

Positive Impact on Covid-19 on Home Appliances

With the introduction of the covid-19 lockdown restriction, there was an upsurge in the home appliances category. Growing demand for cleaning appliances as people were working from home and government restrictions has resulted in the market demand.

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List of Key Players Profiled in the Global Market for Dehumidifier:

  • General Filters
  • Munters
  • Airwatergreen
  • De’Longhi Appliances
  • Honeywell International

Segments-

By product type, dehumidifiers market is segmented into the chemical absorbent, heat pump, and ventilating. On the basis of technology, the market is segregated into sorption, and warm condensation. On the basis of application, the market is categorized into household and commercial. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

What does the Report Offer?

The report for dehumidifiers examines product development, strategies, application, a distribution channel. It focuses on global, regional, and country level analysis. Factors influencing the industry in the short- and long-term drivers, constraints, and opportunities, political, social, and technical variables are all part of the dynamics.

Drivers & Restraints-

Product Innovation to Stimulate Market Growth

The global dehumidifier market growth is expected to grow due to the rising innovation during the projected period. Technological development allows manufacturers to promote their products considering the regional requirements as per the weather conditions. Travel accommodations for tourists in hotels and resorts are increasingly using various types of purifiers to enhance customer’s experience Moreover, there is a high risk of getting infected by various diseases through the air which is the major growth factor. For instance, according to data published by Health Effects Institute, on State of Global Air, in 2019, the risk factor of death in the world, air pollution, has ranked 4th position and contributed to around 6.6 million deaths.

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REGIONAL INSIGHTS

Increasing Investment for Personal Hygiene to Promote Growth in North America

North America is expected to hold the largest global dehumidifier market share during the forecast period. Increasing spending on personal care, increasing the number of well-furnished million-dollar homes in the region is expected to have a vital contribution to the product demand. For instance, according to the USA today, in 2018, United States Homes, which are worth 1 million dollars, witnessed a rise of 400,702.

Asia Pacific is expected to have a sizable share of the market. This is due to decreasing unemployment rate, increasing purchasing power, and the high humidity level experienced in the region is expected to drive the market forward. For example, according to data released by Economic Times, in 2019, Palam, located in South West Delhi, India, has experienced a humidity level between 37 % to 59%, which is considered the highest in India’s capital.

Competitive Landscape-

Manufacturers Focus on R&D Investments to Strengthen their Position

With the presence of big firms with a global reach, the market is relatively consolidated. Because of the changing factors that are driving this growth, firms in this area need to stay on top of the market's pulse. Players are focusing on distribution networks to increase market share. Well-established companies with global presence dominate the market. With small and major companies, the market is tremendously fragmented. Global market suppliers are investing in next-generation technologies and pursuing market expansion strategies.

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Industry Development-

  • April 2020: LG launched a super-efficient air care portfolio with the inclusion of a smart dehumidifier and room air conditioner.

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