SAN FRANCISCO, Nov. 9, 2021
SAN FRANCISCO, Nov. 9, 2021 /PRNewswire/ -- The global dehumidifier market size is expected to reach USD 5.9 billion by 2028, according to a new report by Grand View Research. Inc. The market is anticipated to register a CAGR of 7.0% over the forecast period, from 2021 to 2028. The increasing demand for dehumidifiers, especially for industrial applications that require optimum temperatures and humidity levels, is the key factor contributing to market growth.
Key Insights & Findings:
Read 120 page market research report, "Dehumidifier Market Size, Share & Trends Analysis Report By Product (Ventilating, Chemical Absorbent), By Technology (Sorption, Warm Condensation), By Application, By Region, And Segment Forecasts, 2021 - 2028", by Grand View Research
Industries and sectors including food, packaging, clean rooms, operating rooms, and storage require relative humidity control across a range of processes. Air particles comprising different chemical substances tend to retain water and increase the humidity in processing and packaging facilities, affecting processes such as preservation, packaging, food conservation, and leading to a change in product composition. The need to control humidity levels across such areas has created a demand for dehumidifiers across industries. For instance, In September 2017, Airwatergreen's FLEX dehumidifiers were deployed on the Läckeby pressure staging station of Kalmar Vatten AB to prevent the corrosion of components worth 700,000 SEK on the pipes of the pressure staging station.
The popularity of dehumidifiers is also growing significantly across residential applications. Dehumidifiers are preferred in households primarily to prevent the growth of bacteria, mold, and other particles on ceilings and windows. The growth of bacteria and mold due to an increase in moisture content can put household residents' health at risk, driving the demand for dehumidifiers in the residential sector. However, the market suffered a decline in 2020 due to the disruptions caused across the supply chain amid the COVID-19 pandemic. Furthermore, product recalls due to overheating and spreading of fire also impacted the market growth. For instance, in August 2021, New Widetech, a Taiwan-based dehumidifier manufacturer recalled nearly 2 million of its dehumidifiers in the U.S. owing to overheating and burning hazards.
Grand View Research has segmented the global dehumidifier market based on product, technology, application, and region:
List of Key Players of the Dehumidifier Market
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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