The dehumidifiers market is growing at a modest rate with a CAGR of 6.5% from 2022 to 2032.
“The high emphasis on the prevention of bacteria and mould, which can pose health problems, is likely to drive market expansion throughout the forecast period.”
Improving the quality and consistency of air inside homes is becoming a necessity, which was never identified as a need before, and this is emerging as the most important factor boosting growth of the dehumidifiers market.
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Manufacturers are beginning to introduce dehumidifiers that not only manage and control the humidity and act as a dehumidifier for house or industrial dehumidifier, but also reduce the amount of indoor air pollutants.
Consumers’ concerns about their home climate contributing to their illness can be linked mostly to the increasing sales of dehumidifiers.
This is anticipated to motivate leading dehumidifiers market companies to spend in R&D and deliver more relevant, appropriate and the best dehumidifier features to residential customers in the future.
What are the Forces Shaping the Dehumidifiers Market Growth?
“The alarming surge in fire incidents is impeding the dehumidifiers market growth.”
These incidences have caused manufacturers to recall their products on account of faulty dehumidification malfunctioning, which is always a costly affair.
In the coming years, customer product safety commissions across the world are likely to tighten the quality standards and certification rules for dehumidifiers.
Manufacturers will have to pay special attention to quality and safety parameters of their products. Furthermore, offering a proper guide or safety manual for the appropriate use of dehumidifiers can also lead to curbing the number of fire incidents caused due to humidifiers, ultimately reducing its impact on the dehumidifiers market growth.
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What is the Impact of COVID-19 on the Dehumidifiers Market?
“Almost everyone is crippled with the impact of the pandemic and scientists identify that virus last longer in places with low temperatures. So, dehumidifying is not much of a help in respect to the current scenario and this could hamper the dehumidifiers market.”
Since the global outbreak of the novel coronavirus, various studies have been conducted to find vaccines and methods to control its spread.
Scientists could identify an identical pattern across the world which signifies that virus, especially SARS coronavirus, has been surviving for longer periods in regions with very low temperatures – around 6°C – and very low levels of humidity – approximately 30%.
Studies have found that the long survival time was evident in areas with moderate temperatures between 20-30°C, only at times when air was dry and less humid.
Scientists assume that the current coronavirus will also exhibit similar patterns in relation to temperature and humidity, and most have reached a conclusion that human-to-human transmission of COVID-19 in indoor conditions may be controlled if indoor humidity is high.
The growth of the dehumidifiers market takes a dip and to dehumidify the indoor conditions is not the solution.
Consumers have been closely observing these studies and stories, which evidently say that indoor humidification may play a crucial role in controlling the spread of the novel coronavirus in indoor setups.
This is likely to have a negative impact on the growth of the dehumidifiers market, in the coming years.
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Which Region Holds a Sway in the Dehumidifiers Market?
“The dehumidifiers market in the United States is predicted to grow significantly, since consumers in the United States demand products with automatic temperature and humidity detecting capabilities.”
Based on geography, the market for dehumidifiers is broadly divided into seven regions including North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa.
The dehumidifiers market in western regions including North America and Europe has reached maturity, and this has created enormous potential for growth in the developing countries across Asia Pacific.
In developed economies including the Americas and European Union, the sales of dehumidifiers are vastly concentrated in the commercial dehumidifier arena.
On the contrary, dehumidifiers are witnessing high demand in the rapidly growing residential sector in developing countries of Asia Pacific. Thereby, manufacturers will increasingly focus on modifying features of their product range to meet the target customers’ needs such as portable & small dehumidifier across different regions, and this will emerge as a popular trend in the dehumidifiers market, in the coming years.
How is the Competition Landscape in the Dehumidifiers Market?
Some of the key players in the dehumidification market are Electrolux (Frigidaire) and General Filters, Inc., Whirlpool Corporation, LG Electronics Inc., Haier Group, Honeywell International, Inc., Sunpentown International, Inc, Therma-Stor LLC, and De’Longhi Appliances S.r.I.
Leading manufacturers as well as small and medium sized enterprises have adopted strategies to compete on the product innovation front, with the launch of dehumidifiers with advanced technologies and innovative features.
For instance, De Longhi America, Inc. – a leading distributor of kitchen and home appliances – and Braun Household – a German premium brand for electrical appliances – announced in May 2020 the launch of its home and kitchen comfort product lines to offer customers more convenient and innovative products and aid consumers in navigating the new normal at home.
The announcements also emphasised the improved efficiencies of the new De’Longhi 3-in-1 Portable Air Conditioner, Dehumidifier, and Fan, which quieter, smarter, and more personalized than its other products.
In August 2019, Sharp Corporation – a Japanese multinational corporation that designs and manufactures electronic products – announced that it is launching its range of air purifier cum dehumidifier in India.
The company also declared that the innovative features of products such as Sharp’s Plasmacluster Ion Generator Technology, HEPA Filters, the laundry drying feature, and their compatibility with home dehumidifiers, inverters, can help eliminate airborne mold, bacteria, as well as viruses more efficiently.