Dehumidifier Market Size, Share, Growth Analysis, By Product(Chemical Absorbent, Heat Pump, Ventilating Dehumidifier), By Type(Desiccant, Refrigerant, Thermoelectric, others), By Technology(Cold Condensation, Sorption, Warm Condensation, others), By Application(Industrial, Commercial, Residential), By Region - Industry Forecast 2024-2031

Dehumidifier Market Driver

• Need for Performance Accuracy to Drive Dehumidifier Market Growth

Controlling humidity and temperature is critical in research and development because lab environments affect measurement device characteristics and performance, and can even result in structural damage to expensive equipment. This could lead to unneeded downtime as well as economic and financial losses. All scientific instruments used in research laboratories must be protected against humidity and temperature changes in order to maintain accuracy and performance. Many commercial buildings, industrial instrumentation rooms, and educational facilities require humidity control solutions.

• Surging Adoption of Dehumidifier across Food & Beverage and Hospitality Sectors

The food and beverage industry and the hospitality sector are expected to use dehumidifiers more frequently, which will boost market statistics. Food items that are kept in hotels, restaurants, and retail establishments for extended periods of time suffer damage from high humidity levels. By removing too much moisture from the air, dehumidifiers stop food from spoiling. These are also very popular in the processing, packaging, and coating industries because they help maintain the necessary humidity levels. In order to print and package papers efficiently, a number of paper manufacturing and printing companies have installed dehumidifiers.

Dehumidifier Market Restraint

High Cost and Electric Consumption to Limit Dehumidifier Market Growth

• A significant factor that is anticipated to limit market revenue growth is high electric consumption. Most home portable dehumidifiers can use between 300 and 700W of power, depending on the brand and mode. Assuming continuous use for 30 days, dehumidifiers typically use 307.2 kWh of electricity per month. A typical dehumidifier uses 394.2 kWh of electricity each month. Despite having an average wattage of 483.24W and an average hourly electricity consumption of 0.42 kWh, dehumidifiers use a lot of electricity because of their extended use.
• Dehumidifiers' high cost and difficult installation are other additional important factors limiting the market growth. The value of the raw materials & components used, as well as the size of the device, determine the price of these devices. Small portable devices are relatively cheap compared to large whole-house dehumidifiers that cost a lot of money. Industrial dehumidifiers are expensive to buy and operate because they need the assistance of skilled professionals for installation, repair, and maintenance.