Dehumidifiers Market: Notable Developments & Geographical Outlook
The dehumidifiers market is growing at a modest rate with a CAGR of 6.5% from 2022 to 2032.
“The high emphasis on the prevention of bacteria and
mould, which can pose health problems, is likely to drive market expansion
throughout the forecast period.”
Improving the quality and consistency of air inside homes is
becoming a necessity, which was never identified as a need before, and this is
emerging as the most important factor boosting growth of the dehumidifiers
market.
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Manufacturers are beginning to introduce dehumidifiers that
not only manage and control the humidity and act as a dehumidifier for
house or industrial dehumidifier, but also reduce the
amount of indoor air pollutants.
Consumers’ concerns about their home climate contributing to
their illness can be linked mostly to the increasing sales of dehumidifiers.
This is anticipated to motivate leading dehumidifiers market
companies to spend in R&D and deliver more relevant, appropriate and
the best dehumidifier features to residential customers in the
future.
What are the Forces Shaping the Dehumidifiers Market
Growth?
“The alarming surge in fire incidents is impeding the
dehumidifiers market growth.”
These incidences have caused manufacturers to recall their
products on account of faulty dehumidification malfunctioning, which is always
a costly affair.
In the coming years, customer product safety commissions
across the world are likely to tighten the quality standards and certification
rules for dehumidifiers.
Manufacturers will have to pay special attention to quality
and safety parameters of their products. Furthermore, offering a proper guide
or safety manual for the appropriate use of dehumidifiers can
also lead to curbing the number of fire incidents caused due to humidifiers,
ultimately reducing its impact on the dehumidifiers market
growth.
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What is the Impact of COVID-19 on the Dehumidifiers
Market?
“Almost everyone is crippled with the impact of the
pandemic and scientists identify that virus last longer in places with low
temperatures. So, dehumidifying is not much of a help in respect to the current
scenario and this could hamper the dehumidifiers market.”
Since the global outbreak of the novel coronavirus, various
studies have been conducted to find vaccines and methods to control its spread.
Scientists could identify an identical pattern across the
world which signifies that virus, especially SARS coronavirus, has been
surviving for longer periods in regions with very low temperatures – around 6°C
– and very low levels of humidity – approximately 30%.
Studies have found that the long survival time was evident
in areas with moderate temperatures between 20-30°C, only at times when air was
dry and less humid.
Scientists assume that the current coronavirus will also
exhibit similar patterns in relation to temperature and humidity, and most have
reached a conclusion that human-to-human transmission of COVID-19 in indoor
conditions may be controlled if indoor humidity is high.
The growth of the dehumidifiers market takes a dip and to
dehumidify the indoor conditions is not the solution.
Consumers have been closely observing these studies and
stories, which evidently say that indoor humidification may play a crucial role
in controlling the spread of the novel coronavirus in indoor setups.
This is likely to have a negative impact on the growth of
the dehumidifiers market, in the coming years.
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Which Region Holds a Sway in the Dehumidifiers Market?
“The dehumidifiers market in the United States is
predicted to grow significantly, since consumers in the United States demand
products with automatic temperature and humidity detecting capabilities.”
Based on geography, the market for dehumidifiers is broadly
divided into seven regions including North America, Latin America, Western
Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East
& Africa.
The dehumidifiers market in western regions including North
America and Europe has reached maturity, and this has created enormous
potential for growth in the developing countries across Asia Pacific.
In developed economies including the Americas and European
Union, the sales of dehumidifiers are vastly concentrated in the commercial
dehumidifier arena.
On the contrary, dehumidifiers are witnessing high demand in
the rapidly growing residential sector in developing countries of Asia Pacific.
Thereby, manufacturers will increasingly focus on modifying features of their
product range to meet the target customers’ needs such as portable & small
dehumidifier across different regions, and this will emerge as a
popular trend in the dehumidifiers market, in the coming years.
How is the Competition Landscape in the Dehumidifiers
Market?
Some of the key players in the dehumidification market are
Electrolux (Frigidaire) and General Filters, Inc., Whirlpool Corporation, LG
Electronics Inc., Haier Group, Honeywell International, Inc., Sunpentown
International, Inc, Therma-Stor LLC, and De’Longhi Appliances S.r.I.
Leading manufacturers as well as small and medium sized
enterprises have adopted strategies to compete on the product innovation front,
with the launch of dehumidifiers with advanced technologies and innovative
features.
For instance, De Longhi America, Inc. – a leading
distributor of kitchen and home appliances – and Braun Household – a German
premium brand for electrical appliances – announced in May 2020 the launch of
its home and kitchen comfort product lines to offer customers more convenient and
innovative products and aid consumers in navigating the new normal at home.
The announcements also emphasised the improved efficiencies
of the new De’Longhi 3-in-1 Portable Air Conditioner, Dehumidifier, and Fan,
which quieter, smarter, and more personalized than its other products.
In August 2019, Sharp Corporation – a Japanese multinational
corporation that designs and manufactures electronic products – announced that
it is launching its range of air purifier cum dehumidifier in India.
The company also declared that the innovative features of
products such as Sharp’s Plasmacluster Ion Generator Technology, HEPA Filters,
the laundry drying feature, and their compatibility with home dehumidifiers,
inverters, can help eliminate airborne mold, bacteria, as well as viruses more
efficiently.
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