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7.2% CAGR for Dehumidifier Market to Reach USD 4,559.9 Million by 2028 - The Insight Partners

12-19-2022 11:02 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
The Insight Partners

The Insight Partners

Dehumidifier are gaining popularity in residential space as it improves air quality and helps eliminate dust mites. Its use is increasing in the residential space due to its various advantages such as portable and convenient, and easy and quick maintenance. Moreover, the adoption of dehumidifiers is increasing in hotels, restaurants, dining rooms, and kitchens to handle the concerns regarding the high moisture levels generated by cooking, which supports the growth of the dehumidifiers market. The growing demand for dehumidifiers in the locations having temperatures below 30°C, such as garages, unoccupied properties, and caravans, boosts the adoption of the absorption dehumidifiers.

Dehumidifier Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Heat Pumps, Ventilating Dehumidifiers, and Chemical Absorbent Dehumidifiers) and Application (Industrial, Commercial, and Residential)

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Strategic Insights:

Players operating in the dehumidifier market are mainly focused on the development of advanced and efficient products.

- In September 2021, in the LG Styler, the drying feature doubled as a powerful dehumidifier, which prevents the build-up of molds in houses and minimizes respiratory distress indoors.

Impact of COVID-19 Pandemic on Dehumidifier Market

Due to the sudden COVID-19 outbreak, many industries came to a standstill. Dehumidifiers are used widely in the food industry, pharmaceutical industry, electronics & semiconductors industry, defence industry, leather industry, turbine industry, and cold stores. Also, owing to the pandemic, rising requirements for medicine and medical facilities are propelling the need for respective dehumidifiers. The residential and commercial sector in China is rapidly adopting dehumidifiers to maintain required humidity level. Demand for dehumidifiers at various small & medium enterprises is declined significantly. However, after the situation comes to normalcy, the dehumidifier market is expected to grow considerably across the world.

Rising urbanization, increasing disposable income, growing expenditure on comfort and luxury, and low air quality are a few factors driving the growth of the global dehumidifiers market. The improving economic conditions across the world coupled with urbanization have increased construction in various industries. There has been an increase in the construction of malls, hospitals, commercial buildings, hotels, and manufacturing facilities, which propels the demand for dehumidifiers. Moreover, technological advancements, coupled with changes in government and organizational regulations for energy consumption, are contributing to the market growth. In addition, a few factors such as increasing energy consumption, growing industrial sector, and surging population are generating air pollution in urban areas. With rising urbanization and growing need for comfortable and healthy lifestyle, Asian and European are getting inclined to use dehumidifiers for eradicating musty odor and humidity from the room/living space. Increasing harmful dust particles in European air are demanding advanced air purifiers, which can clean pollutants and particles such as dust, mold, and viruses. As European population is allergic to dust and other particles, the demand for dehumidifiers is rising in the region.

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Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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