The global portable dehumidifiers market, which was valued at an impressive US$ 470.6 million in 2022, is set to reach new heights as it is projected to total US$ 513 million by the end of 2023. What’s even more remarkable is the industry’s forecasted expansion, with expectations to cross the US$ 1.1 billion mark by 2033, showcasing a staggering Compound Annual Growth Rate (CAGR) of 8% during the 2023-2033 period.
One of the key drivers propelling this meteoric rise in demand for portable dehumidifiers is the surging interest in smart and connected home appliances. As consumers increasingly seek smart solutions to enhance their living spaces, the market has responded with innovative and technologically advanced dehumidifiers that offer convenience, energy efficiency, and real-time monitoring through connectivity features.
In addition to the technology-driven surge, the hospitality industry in countries like Malaysia, Singapore, and Thailand is experiencing unprecedented growth. The demand for portable dehumidifiers in these regions has skyrocketed, as hotels and resorts prioritize guest comfort and maintain optimal indoor air quality. With tourism and renovations on the rise in the Asia Pacific region, the demand for portable dehumidifiers is expected to remain robust in the foreseeable future.
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Future Innovations in Portable Dehumidifiers: Solar-Powered Operation, Precision Humidity Control, and Environmentally-Friendly Refrigerants
As solar energy technology advances, the future might bring Portable Dehumidifiers equipped with solar panels, enabling partial or full operation using renewable energy – a valuable feature in emergencies or off-grid scenarios. Incorporating moisture sensing technology, upcoming models will precisely regulate humidity levels to prevent excessive dehumidification. Anticipated advancements involve the use of eco-friendly refrigerants with lower global warming potential (GWP) than conventional ones like R-410A, contributing to reduced environmental impact.
Key Insights from Market Analysis:
- Dehumidifiers with refrigerants are projected to grow at a 7.9% CAGR from 2023 to 2033.
- China’s demand for Portable Dehumidifiers is set to increase by an 8% CAGR by 2033, as per FMI.
- The US market for Portable Dehumidifiers is estimated to reach US$ 223 million by 2033.
- Portable Dehumidifiers with power up to 100 watts are expected to achieve a 7.8% CAGR in sales.
- Refrigerant-based Portable Dehumidifiers are likely to be the most sought-after, targeting a 7.9% CAGR.
- Between 2023 and 2033, the global Portable Dehumidifiers market is projected to experience an absolute dollar growth of US$ 597.4 million.
“The rising demand for Portable Dehumidifiers is driven by the popularity of connected devices and the need for cost-effective solutions. With growing concerns about indoor air quality, the market for small portable devices is expected to witness significant growth in the coming years,” noted an FMI analyst.
Competitive Landscape and Market Dynamics:
The portable dehumidifier market features a multitude of key players offering a diverse range of products. Competition among these companies is shaped by factors such as product innovation and competitive pricing strategies.
Companies Invest in Innovation:
Strategically investing in research and development to cater to evolving customer needs, introduce novel products, and enhance performance is a prominent approach for companies. Market presence expansion is achieved through partnerships, mergers, and acquisitions.
Recent Market Developments:
In July 2023, the introduction of the Costway 10000 BTU 4-in-1 air conditioner and dehumidifier garnered attention. Noted for its compact size and minimal intrusion, this machine offers versatile functionality including ventilation, drying, air cooling, and sleep modes. It employs the environmentally friendly R410A refrigerant, showcasing a commitment to sustainability.
Leading Companies in the Portable Dehumidifier Market:
- Honeywell International
- Black+Decker Inc.
- Eva-Dry
- Frigidaire
- General Electric Company
- LG Electronics
- Bry-Air (Asia) Pvt. Ltd.
- Hysure
- Origin Corporate Services Pvt. Ltd.
- Pro Breeze
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Portable Dehumidifiers Market Segmentation:
By Type:
- Refrigerant Dehumidifiers
- Desiccant Dehumidifiers
- Peltier Dehumidifiers
By Power:
- Up to 100 Watt
- 101 to 300 Watt
- More than 300 Watt
By Capacity:
- Large
- Medium
- Small
By Application:
- Residential
- Commercial
- Industrial
By Sales Channel:
- Online
- E-commerce Websites
- Company-owned Websites
- Offline
- Supermarkets & Hypermarkets
- Specialty Stores
- Other Retail Stores
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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