Dehumidifier Market to reach USD 2,966.6 million in 2019,Increasing Health Awareness And Stringent Government Regulations For Controlling Global Warming

Industries such as packaging, food and beverage, chemicals, pharmaceuticals, and wood and paper are among the leading contributors to the global dehumidifiers market. The products of these industries are susceptible to damage from water, which leads to a consistent need for dehumidifiers. In the food and beverage industry, cold storage solutions are commonly used to limit the interaction between food products and water, leading to extensive use of dehumidifiers. Production of various powdered materials, spices, and salt also requires large-scale dehumidification.

Heavy industrial machinery also needs to be kept away from water, as long-term exposure can cause rust, which can lead to more impactful consequences due to the circumstances in which heavy machinery is used. This is another key reason for the growing demand for dehumidifiers.

The increasing awareness about maintaining a healthy environment in one’s house is also beneficial for the global dehumidifiers market. A lack of adequate ventilation can create a conducive environment for the growth of pathogens, which can be avoided by the use of HVAC equipment such as dehumidifiers. An increasing number of workplaces are also installing the appropriate HVAC equipment to minimize the risk of employees contracting a disease. Several governments have also made supportive regulations mandating the use of adequate HVAC equipment, including dehumidifiers.

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High Number of Product Recalls Hurting Dehumidifier Industry

The key restraint on the global dehumidifier market is not an external factor, but product quality issues. Dehumidifiers from several manufacturers have had complaints about overheating, with some cases of smoking and fires. Even industry leaders such as LG, Frigidaire, and De’Longhi have had to face product recalls in the recent past. This has naturally led to a negative public perception about dehumidifiers, while the costs of recalling the items also add to the financial burden of the key players. Thanks to the steady ongoing technological development, this restraint is likely to be ameliorated in the coming years.

Desiccant Dehumidifiers to Retain Dominance in Global Market

By product type, the global dehumidifiers market is segmented into desiccant dehumidifiers, ventilating dehumidifiers, and heat pumps. Of these, the desiccant dehumidifiers segment is likely to extend its dominance in the market, with the segment expected to generate annual revenue of US$1.2 bn by the end of 2016 and US$1.6 bn by the end of 2020. By application, the use of dehumidifiers in the industrial sector is set to account for the leading share in the global market, ahead of residential and commercial applications.

North America is the leading regional market for dehumidifiers and is likely to remain so in the coming years. However, the Asia Pacific dehumidifiers market is expected to exhibit the highest CAGR of all regional segments of the global market – 7% from 2014 to 2020. This will bring the APAC market closer to the Europe market over the forecast period.

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