Household Dehumidifiers Market Report Overview
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The global household dehumidifiers market size was USD 1429 million in 2021, as per our research, the market is expected to reach USD 2170 million in 2031, exhibiting a CAGR of 4.25% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with household dehumidifiers market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
A household dehumidifier is a device used to control the humidity in a room or other enclosed space. It works by removing moisture from the air in the room to make the inhabitants stay more comfortable. Household dehumidifiers are often used in basements and attics or other areas that are more prone to mildew and molds since they regulate humidity levels while improving the quality of the air. The primary function of a household dehumidifier is to remove moisture from enclosed spaces to prevent the growth of mold and mildew by making the place less welcoming of any form of dust mites or allergens. Household dehumidifiers come in a variety of styles, including absorption, refrigeration, and spray models, each of which is suitable for a particular environment. Dehumidifiers of the spray kind are widely employed in home settings.
The success of the dominant construction industry is credited with driving the household dehumidifiers market growth. The need for the market for household dehumidifiers is rising quickly as a result of the explosion in department stores, residential buildings, hospitals, and educational institutions. The market for household dehumidifiers has had exponential growth in the last few years due to growing awareness of the importance of living in healthy environments and global weather patterns. The commercial sector is driving market growth with its awareness of the need to regulate and enhance the quality of the air inside malls and offices. Along with this, the market is also benefiting from the rise in consumer disposable income.
COVID-19 Impact: Lack Of Demand Hindered Market Growth
The introduction of the COVID-19 outbreak in the year 2020 caused significant harm to various marketplaces all over the world. Market revenue declined as a result of the lockdown that followed the outbreak. Market expansion was also impacted by a shortage of manpower and raw materials in the sector. Due to the shortage of manufacturing caused by the suspension of raw material import and export, the market for household dehumidifiers had stifled growth in the recent past. The lockdown caused the closure of business buildings, which also hampered the expansion of the market for household dehumidifiers since the commercial sector is the main consumer of the product.
Latest Trends
"Addition Of Portable Dehumidifiers Improve Market Value"
Since its inception, the market value has expanded due to the introduction of portable household dehumidifiers. The simplicity of owning a portable household dehumidifier has made consumers feel more at peace since they are lighter, smaller, and more similar to air-purifying air conditioner systems. The primary drivers of the market for portable household dehumidifiers are the simplicity of installation and the more affordable solutions.
Household Dehumidifiers Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into portable dehumidifiers and whole-home dehumidifiers. The segment of portable dehumidifiers is expected to lead the market by type during the forecast period.
- By Application Analysis
Based on application, the market can be divided into home use, hotel use, and other. The home use segment is anticipated to dominate the market by the application during the market period of 2021 to 2031.
Driving Factors
"Rapid Urbanization Boosts Product Demand "
Numerous markets that are being enhanced for that reason alone are in a chain reaction as a result of the rising urbanization occurring around the world. The household dehumidifiers market growth is primarily due to the urbanization of the world, the increasing number of residential and commercial buildings for economic growth, and the changing climate that has created a need for household dehumidifiers. As more and more new buildings are required to have home dehumidifiers installed to prevent unwanted mold or mildew that could harm a home, the construction industry is flourishing, which is also boosting the demand for these devices.
"Growing Demand For Energy Efficient Products Proliferates Market Expansion"
Due to the constantly rising demand for goods that are energy-efficient and use the least amount of energy possible, the market for household dehumidifiers is likewise seeing success. due to the many government regulations that demand businesses produce goods that use energy effectively as the global climate problem worsens.
Restraining Factors
"Dependence Upon Seasons Impedes Market Demand"
The market for household dehumidifiers is not expanding as quickly as it should due to some countries' climates and the naturally occurring levels of humidity in the area. Although many areas continue to use them extensively, the necessity for household dehumidifiers is related to the changing seasons and our need for them. Traditional household dehumidifiers have a high installation cost, and they also need to be maintained frequently, which is limiting the market's expansion.
Household Dehumidifiers Market Regional Insights
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"North America Pioneers Due To Government Policies "
The region of North America pioneer among all the regions in having the majority of household dehumidifiers market shares. This is due to government regulations urging people to use energy-efficient goods are becoming more prevalent. The development of the sector is also being accelerated by the rising number of lodging establishments, eateries, spas, and other comparable markets. The market expansion in the region is also being impacted by a large number of individuals becoming aware of the health risks associated with utilizing a household dehumidifier.
The greatest market share for household dehumidifiers is held by Europe, which comes in second. Similar variables that are boosting the market in North America are responsible for the expansion of the regional market. The expansion of the region's market is being driven by the rise in the number of hotels and restaurants, as well as the use of the product in the food and beverage industry and cold storage sector.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Mitsubishi Electric (Japan)
- Honeywell (U.S.)
- Sharp (Japan)
- Sunpentown (U.S.)
- Aprilaire (U.S.)
- Eurgeen (Denmark)
- Frigidaire (U.S.)
- Philips (Netherlands)
- Kenmore (U.S.)
- EBAC Group (United Kingdom)
- Danby (Canada)
- Friedrich (U.S.)
- Panasonic (Japan)
- Songjing (China)
- Deye (China)
- Gree (China)
- SoleusAir (U.S.)
- Midea (China)
- SEN Electric (India)
- Haier (China)
- De'Longhi (Italy)
- LG (South Korea)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors such as segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 1429 Million in 2021 |
Market Size Value By |
US$ 2170 Million by 2031 |
Growth Rate |
CAGR of 4.25% from 2021 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global household dehumidifiers market expected to touch by 2031?
The global household dehumidifiers market is expected to touch USD 2170 million in 2031.
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What CAGR is the household dehumidifiers market expected to exhibit during 2021-2031?
The household dehumidifiers market is expected to exhibit a CAGR of 4.25% over 2021-2031.
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Which are the driving factors of the household dehumidifiers market?
The rapid urbanization across the globe as well as increased demand for the energy efficient products are driving the household dehumidifiers market.
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Which are the top companies operating in the household dehumidifiers market?
Some of the top household dehumidifiers market players in the industry are Mitsubishi Electric (Japan), Honeywell (U.S.), Sharp (Japan), Sunpentown (U.S.), and Aprilaire (U.S.)
