Rising Demand Propels Portable Dehumidifiers Market Toward US$ 1.1 Billion by 2033

The global market for portable dehumidifiers achieved a value of US$ 470.6 million in 2022, set to further reach US$ 513 million in 2023. Projections indicate a substantial growth trajectory, with the market anticipated to expand to US$ 1.1 billion by 2033, showcasing an impressive CAGR of 8% from 2023 onwards.

The escalating desire for intelligent and connected portable dehumidifiers is expected to fuel market demand, underlining a promising future for these products. Additionally, the flourishing hospitality sectors in countries like Malaysia, Singapore, and Thailand are driving significant demand for portable dehumidifiers. The Asia Pacific region's increasing focus on tourism and renovation activities is poised to sustain future demand.

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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

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This release was published on openPR.