Residential desiccant dehumidifier market Size, Share, Growth, and Industry Analysis, By Type (full-size consumer grade and rechargeable), By Application (home, offices, RVs and boats, and others), Regional Insights and Forecast to 2031

Updated On: 29 April 2024

RESIDENTIAL DESICCANT DEHUMIDIFIER MARKET REPORT OVERVIEW

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The global Residential desiccant dehumidifier market size was USD 705.61 million in 2021 and the market is projected to touch USD 1272.31 million by 2031, exhibiting a CAGR of 6.77% during the forecast period.

The residential desiccant dehumidifier market is a segment of the global dairy industry that focuses on the production, distribution, and consumption of yogurt drinks, which are fermented milk products that contain live bacteria cultures and have a smooth and liquid consistency. Yogurt drinks are popular among consumers who seek healthy, convenient, and tasty food and beverage options, as they offer various benefits, such as improving digestion, immunity, bone health, and mood, and reducing the risk of diabetes, obesity, and colorectal cancer. Yogurt drinks are also a good source of protein, calcium, and probiotics, which are essential for maintaining a balanced diet and a healthy lifestyle.

The market is expected to witness a significant growth in the coming years, owing to the increasing demand for yogurt drinks in various regions and industries, such as pharmaceutical, biotechnology, food, environmental, and forensic. Some of the factors driving the growth of this market are the rising consumer awareness of the health benefits of yogurt drinks, the growing demand for convenient and ready-to-drink food and beverage products, the increasing innovation and product development by key players, and the emerging trends, such as plant-based or vegan yogurt drinks, and ultra-high performance liquid chromatography (UHPLC) solvents. However, some of the factors restraining the growth of this market are the high sugar content and artificial additives in some yogurt drinks, the high cost and environmental impact of these solvents, and the competition from other dairy and plant-based alternatives.

COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic has had a significant impact on the Residential desiccant dehumidifier market share as it has disrupted the supply chain, reduced the consumer demand, and affected the production activities of the manufacturers. The lockdown measures imposed by various governments to contain the spread of the virus have resulted in the closure of many retail outlets, construction sites, and industrial facilities, which have reduced the sales and installation of dehumidifiers. Moreover, the pandemic has also caused a decline in the disposable income and purchasing power of the consumers, who have become more cautious and selective in their spending habits. Therefore, the market has witnessed a slowdown in growth and a decline in revenue.

LATEST TRENDS

"Integration of Smart and Connected Features in the Products to Drive Market Growth"

A recent market trend that is influencing the market is the integration of smart and connected features in the products. The smart dehumidifiers are equipped with sensors, controllers, and wireless communication technologies that enable them to monitor and adjust the humidity levels, temperature, and air quality in real-time, and to communicate with other smart devices and platforms. The smart dehumidifiers can also be controlled remotely through smartphones, tablets, or voice assistants, and can provide feedback and alerts to the users about the status and performance of the device. The smart dehumidifiers offer several benefits to the consumers, such as convenience, comfort, energy savings, and improved health and hygiene. Therefore, the smart dehumidifiers are gaining popularity and preference among the consumers, especially the tech-savvy and environmentally conscious ones, who are willing to pay a premium price for these products. The market players are also investing in research and development to introduce more advanced and innovative smart dehumidifiers to cater to the changing consumer needs and expectations.

RESIDENTIAL DESICCANT DEHUMIDIFIER MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into full-size consumer grade and rechargeable.

The full-size consumer grade dehumidifiers are larger and more powerful devices that can remove up to 20 liters of moisture per day from the air. They are suitable for large and humid spaces, such as basements, attics, or crawl spaces. They use a desiccant material, such as silica gel or activated alumina, to absorb the moisture from the air, and then use a low-temperature heat source, such as solar energy or waste heat, to regenerate the desiccant and release the moisture outside. The rechargeable dehumidifiers are smaller and more portable devices that can remove up to 1 liter of moisture per day from the air. They are suitable for small and dry spaces, such as closets, cabinets, or safes.

• By Application

Based on application the global market can be categorized into home, offices, RVs and boats, and others.

The home segment includes the dehumidifiers that are used in the residential settings, such as homes and apartments, to maintain a comfortable and healthy indoor environment. The dehumidifiers can help to reduce the humidity levels, prevent mold and mildew growth, improve the air quality, and protect the furniture and appliances from damage. The offices segment includes the dehumidifiers that are used in the workplaces, such as offices, factories, and schools, to provide a productive and pleasant working environment. The dehumidifiers can help to reduce the humidity levels, prevent dust mites and allergens, improve the air quality, and protect the equipment and documents from damage. The RVs and boats segment includes the dehumidifiers that are used in the recreational vehicles and boats, such as campers, trailers, yachts, and sailboats, to provide a comfortable and safe traveling and living environment.

DRIVING FACTORS

"Increasing Prevalence of Respiratory Disorders and Allergies among the Population to Boost the Market"

There is an increasing prevalence of respiratory disorders and allergies among the population, which are caused or aggravated by high humidity levels and poor indoor air quality. High humidity levels can create a favorable environment for the growth of mold, mildew, dust mites, bacteria, and viruses, which can trigger or worsen various respiratory problems, such as asthma, bronchitis, sinusitis, and rhinitis. Moreover, high humidity levels can also cause discomfort, irritation, and fatigue to the occupants, and can damage the furniture, appliances, and electronics in the house. Therefore, the consumers are becoming more aware of the health risks and hazards associated with high humidity levels, and are opting for them to reduce the moisture content and improve the air quality in their homes. They can effectively and efficiently remove the excess moisture from the air, and can also filter out the airborne contaminants and pollutants, thereby enhancing the health and comfort of the users.

"Rising Demand for Energy-Efficient and Eco-Friendly Products to Expand the Market"

There is a rising demand for energy-efficient and eco-friendly products, which are in line with the global efforts to reduce the greenhouse gas emissions and combat the climate change. They are considered to be more energy-efficient and eco-friendly than the conventional refrigerant-based dehumidifiers, as they do not use any refrigerants or compressors, and do not generate any heat or noise during the operation. They use a desiccant material, such as silica gel or activated alumina, to absorb the moisture from the air, and then use a low-temperature heat source, such as solar energy or waste heat, to regenerate the desiccant and release the moisture outside. They can also operate at low humidity and temperature levels, and can provide a consistent and reliable performance regardless of the ambient conditions. Therefore, they are preferred by the consumers who are looking for energy-efficient and eco-friendly products that can help them save on their electricity bills and reduce their carbon footprint.

RESTRAINING FACTOR

"High Initial Cost of the Products to Potentially Impede Market Growth"

One restraining factor that is hampering the growth of the market is the high initial cost of the products, which can deter some consumers from purchasing them. They are generally more expensive than the traditional refrigerant-based dehumidifiers, as they use a more complex and sophisticated technology that requires more expensive components and materials. They also have a higher maintenance and operational cost, as they need to be regularly cleaned and replaced to ensure their optimal performance and durability.

RESIDENTIAL DESICCANT DEHUMIDIFIER MARKET REGIONAL INSIGHTS

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"Asia Pacific Dominating the Market due to Owing to the Climatic Conditions in the Region"

Asia Pacific is expected to be the highest Residential desiccant dehumidifier market growth. The climatic conditions and weather patterns in the region, which are characterized by high humidity levels and extreme temperatures, especially in the tropical and subtropical areas. The high humidity levels and extreme temperatures can create various problems and challenges for the residents, such as discomfort, fatigue, respiratory disorders, allergies, mold growth, and damage to the furniture and appliances. Therefore, the consumers in the region are opting for them to reduce the humidity levels and improve the air quality in their homes. They are also suitable for the climatic conditions and weather patterns in the region, as they can operate at low humidity and temperature levels, and can use solar energy or waste heat as the heat source for regeneration.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The Residential desiccant dehumidifier market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• EcoSeb (U.S.)
• Hydrosorbent (U.S.)
• Meaco (U.K.)
• DeLonghi (Italy)
• Panasonic (Japan)
• Eva-Dry (U.S.)
• Ebac (U.K.)
• EcoAir (India)
• Gurin Products (U.S.)
• Toyotomi (Japan)
• NovelAire Technologies (U.S.)
• Pro Breeze (U.K.)
• Igenix (U.K.)
• Inventor (Greece)
• Ivation (U.S.)
• FociPow (China)

INDUSTRIAL DEVELOPMENT

March 2021:  One of the recent industrial developments in the market is the Bry-AirSmart Series, which was launched by Bry-Air in March 2021. The Bry-AirSmart Series is a new generation of desiccant dehumidifiers that integrates patented BrySmart and BryTherm technologies. The Bry-AirSmart Series features the BHPTM (Bry-Air High Performance) rotor, which has a unique chemistry and geometry that enables up to 48% energy saving per year. The Bry-AirSmart Series also has a smart controller that monitors and adjusts the humidity levels, temperature, and air quality in real-time, and provides feedback and alerts to the users. The Bry-AirSmart Series is designed to provide optimal humidity control and air quality management for residential applications, such as basements, attics, crawl spaces, laundry rooms, bathrooms, and kitchens.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.