North America Dehumidifiers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Heat pumps, Ventilating Dehumidifiers, and Chemical Absorbent Dehumidifiers), Application (Industrial, Commercial, and Residential), Capacity (Less than 30 Pint, 31–50 Pint, and Above 50 Pint), and Technology (Refrigerant Dehumidifier and Desiccant Dehumidifier)

Code: TIPRE00026523 | Pages: 137 | Industry: Consumer Goods | Date: Dec 2021
Covid

The North America dehumidifiers market is expected to grow from US$ 662.8 million in 2021 to US$ 1,110.6 million by 2028; it is estimated to grow at a CAGR of 7.7% from 2021 to 2028.

Dehumidifiers are widely used across numerous industries such as pharmaceutical, electronics & semiconductors, aerospace & defense, food & beverages, cold storage, turbine, and leather. The surging demand for air conditioning products due to benefits such as safety and comfort and the rising humidity concerns in countries such as the US, Canada, and Mexico lead to the high adoption of dehumidifiers across the region. Considering factors such as global warming, weather conditions tend to fluctuate in many parts of the region. This is another factor contributing to the growth of the dehumidifiers market in North America. The dehumidifier market in North America is segmented into the US, Canada, and Mexico. North America is expected to provide lucrative opportunities to the market during the forecast period due to the growing number of construction activities and rising demand for dehumidifiers in industrial and commercial applications. The significant market share of the region is mainly attributed to the rapidly growing construction industry, increasing industrialization, changing climate conditions, and rising consumer inclination toward a healthy environment. The US is dominating the regional market due to rising awareness and consumer inclination toward a healthy environment. The eminent need to maintain appropriate moisture levels in industrial environments to control the production quality is expected to contribute to the market growth.

Continued industrialization and the growing need for energy-efficient products also bode well for the market's growth. The Energy Policy and Conservation Act of 1975 (EPCA) has been amended, prescribing energy conservation standards for consumer products and certain commercial and industrial equipment, such as residential dehumidifiers. Government regulations and standards, such as AHAM 7008-2018/CSA SPE-7008-18/UL 7008-18, which focus on energy efficiency, are propelling the use of dehumidifiers in the food & beverages and cold storage industries. The US Department of Energy (DoE) finalized new energy conservation standards for dehumidifiers that took effect in June 2019. These standards are based on a new energy efficiency metric, Integrated Energy Factor (IEF), which replaces the old metric, Energy Factor (EF). All dehumidifier manufacturers have to consider these standards for all new dehumidifiers as of June 2019. Meanwhile, the increasing adoption of dehumidifiers in hotels and restaurants is one of the emerging trends in North America.

 

Impact of COVID-19 Pandemic on Dehumidifiers Market

The COVID-19 pandemic has been affecting most businesses globally. The continuous growth in the count of virus-infected patients compelled respective government authorities to restrict the movement of goods and humans with mass lockdowns, travel bans, and business shutdowns. The imposition of lockdown has resulted in the lesser production of goods and commodities and lowered the frequency of service offerings. Automotive, manufacturing, oil & gas, semiconductor & electronics, aviation, mining, and other industries have experienced a considerable decline in their operations due to the temporary shutdown of activities. At the beginning of 2020, after the imposition of nationwide lockdown in most countries, many industries came to a standstill. A dehumidifier is widely used in industries such as food, pharmaceutical, electronics & semiconductor, cold storage, defense, leather, and turbine. The demand for dehumidifiers in various small & medium enterprises was also affected significantly. However, once the situation comes to normalcy, the dehumidifier market is expected to grow worldwide.

 

Lucrative Regions for Dehumidifiers Market

 

Market Insight
Increasing Adoption of Dehumidifiers in Commercial Spaces and Residential Sector

Dehumidifiers play an intricate role in improving indoor air quality in residential space by removing excessive humidity levels and eliminating dust mites. They can be used in various residential spaces, such as small to large rooms, basements, garages, and crawlspaces. Dehumidifiers are gaining popularity in residential space as they are portable and convenient, and their maintenance is easy and quick. Moreover, the adoption of dehumidifiers is increasing in hotels, restaurants, dining rooms, and kitchens to handle the concerns regarding the high moisture levels generated by cooking, which supports the growth of the dehumidifiers market. The growing demand for dehumidifiers in locations with temperatures below 30°C, such as garages, unoccupied properties, and caravans, boosts the adoption of the absorption dehumidifiers.

Additionally, the growing demand for portable dehumidifiers from residential and commercial spaces escalates the market growth. Recently developed dehumidifier devices are equipped with digital control systems and are easy to install, access, and control, which propels the growth of the residential segment. Moreover, various government regulations and standards, such as AHAM 7008-2018, are focusing on energy efficiency and propelling the use of dehumidifiers in the residential sector. Therefore, with the growing popularity of dehumidifiers in the residential sector, the scope of using the same will continue to rise.

 

Capacity Segment Insights

Based on capacity, the dehumidifiers market is categorized into less than 30 pint, 31–50 pint, and above 50 pint. In terms of application, the 31–50 pint segment led the dehumidifier market, with a share of 47.8% in 2020; it is anticipated to continue its dominance during the forecast period, accounting for 46.5% of the market by 2028. The dehumidifier unit with 31–50 pint capacity means it is capable of collecting in between 31 pints (~3.86 gallons) and 50 pints (~6.25 gallons) of moisture during 24 hours (same as 70-pint units under 2012 DoE standard). The 31–50 pint dehumidifier is recommended for areas from 1,501 square feet to 4,500 square feet, regardless of how damp the area is. That means 31–50 pint will be appropriate for medium spaces impacted by high humidity—like bathrooms, laundry rooms, garages, and basements—that feel damp and smell musty all the time or in which moisture can be seen on the walls. The 31–50 pint dehumidifiers are generally used in schools, hospitals, departmental stores, and the residential sector. Dehumidifiers are used in commercial buildings to prevent water leakage and aid in water damage restoration tasks and costly repairs. Fehom PD08F, Fehom PD11A, Keystone 50 Pint dehumidifier, and LG UD501KOG5 are some examples of 31–50 pint dehumidifiers.

 

Dehumidifiers Market, by Capacity (% Share)

 

Type Segment Insights

Based on type, the North America dehumidifiers market is segmented into heat pumps, ventilating dehumidifiers, and chemical absorbent dehumidifiers. The chemical absorbent dehumidifier segment led the dehumidifier market, by type, with a share of 60.1% in 2020; it is anticipated to continue its dominance during the forecast period, accounting for 59.2% of the market share by 2028. The chemical absorbent dehumidifier absorbs water from the air using a "desiccant" product having the property of drying, such as silica gel. The desiccant is located on the wheel of the heat exchanger. A separate sealed air system dries the wheel and discharges hot and humid outside air through special ducting. The chemical absorbent dehumidifier consumes more energy than a heat pump dehumidifier. Because of the lack of compressor parts, desiccant dehumidifiers are often lighter and quieter than compressor dehumidifiers. The chemical absorbent segment is expected to account for the largest market share in terms of revenue due to the increasing development of solar-assisted, liquid desiccant dehumidifier systems that improve sustainability and energy efficiency. They are widely accepted among industries for bringing required humidity levels into the environment. It is also one of the fastest and environmentally friendly methods.

 

Application Segment Insights

Based on application, the North America dehumidifiers market is segmented into industrial, commercial, and residential. The commercial segment led the dehumidifier market, by application, with a share of 46.1% in 2020; it is anticipated to continue its dominance during the forecast period, accounting for a 43.6% share of the market by 2028. In commercial spaces, dehumidifiers are used for all kinds of construction projects, warehouses, gyms, garages, laundry rooms, hotel rooms, manufacturing facilities, greenhouses, supermarkets, hospitals, and workshops. Commercial dehumidifiers are very powerful and can remove between ~150–250 –pints of moisture from the air per day. Dehumidifiers used in commercial space are stronger and more durable than residential units, so they tend to be more expensive. They are generally made of steel or heavy-duty plastic, while residential units are commonly made of lightweight, less durable plastic. Damp warehouses, offices, server rooms, and basements can cause stock damage in the short run and integral damage in the long run; hence, to fight these problems caused by humidity, the demand for dehumidifiers is likely to increase in commercial spaces.


Strategic Insights

The market players focus on new product innovations and developments by integrating advanced technologies and features to compete. In August 2021, around 2 million dehumidifiers across a broad range of brands were recalled because of potential fire and burn hazards. Whirlpool dehumidifiers are a part of this recall of 2 million dehumidifiers. Further, in March 2020, Berg Chilling Systems Inc. acquired J&J Air Conditioning and Refrigeration. The acquired business will now go under the name J&J Refrigeration – A Division of Berg Chilling Systems

 

Based on type, the dehumidifiers market is segmented into heat pumps, ventilating dehumidifiers, and chemical absorbent dehumidifiers. In terms of capacity, the dehumidifiers market is segmented into less than 30 pint, 31–50 pint, and above 51 pint. Based on application, the dehumidifiers market is segmented into industrial, commercial, and residential. In terms of technology, the dehumidifiers market is segmented into refrigerant dehumidifier, and desiccant dehumidifier. Based on region, the North America dehumidifiers market is segmented into three major countries — the US, Canada, and Mexico.

 

GE Appliances; Honeywell International Inc.; Berg Chilling Systems Inc.; De’Longhi Appliances S.r.l.; General Filters, Inc.; LG Electronics; Munters; Sunpentown International Inc.; Therma-Stor; and Whirlpool Corporation are a few major companies operating in the dehumidifiers market.
 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Dehumidifier Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.2.1        North America

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           Dehumidifier Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Increasing Adoption of Dehumidifiers in Commercial Space and Residential Sector

5.1.2        Rapid urbanization and growing disposable income

5.2         Market Restraints

5.2.1        High Installation Costs and High Energy Consumption by Dehumidifier

5.3         Market Opportunity

5.3.1        Growing Demand for Industrial Dehumidifiers

5.4         Market Trend

5.4.1        Emergence of Sophisticated Dehumidifier

5.5         Impact Analysis of Drivers and Restraints

6.           Dehumidifier Market – North America Analysis

6.1         Dehumidifier Market Overview

6.2         Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

6.3         Market Positioning – Five Key Players

7.           Dehumidifier Market Analysis – By Type

7.1         Overview

7.2         Dehumidifier Market Breakdown, By Type (2020 and 2028)

7.3         Heat Pump

7.3.1        Overview

7.3.2        Heat Pump: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

7.4         Ventilating Dehumidifier

7.4.1        Overview

7.4.2        Ventilating Dehumidifier: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

7.5         Chemical Absorbent Dehumidifiers

7.5.1        Overview

7.5.2        Chemical Absorbent Dehumidifiers: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

8.           Dehumidifier Market Analysis – By Application

8.1         Overview

8.2         Dehumidifier Market Breakdown, By Application (2020 and 2028)

8.3         Residential

8.3.1        Overview

8.3.2        Residential: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

8.4         Commercial

8.4.1        Overview

8.4.2        Commercial: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

8.5         Industrial

8.5.1        Overview

8.5.2        Industrial: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

9.           Dehumidifier Market Analysis – By Capacity

9.1         Overview

9.2         Dehumidifier Market Breakdown, By Capacity (2020 and 2028)

9.3         Less than 30 Pint

9.3.1        Overview

9.3.2        Less than 30 Pint: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

9.4-50 Pint

9.4.1        Overview

9.4.2-50 Pint: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

9.5         Above 50 Pint

9.5.1        Overview

9.5.2        Above 50 Pint: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

10.        Dehumidifier Market Analysis – By Technology

10.1      Overview

10.2      Dehumidifier Market Breakdown, By Technology (2020 and 2028)

10.3      Refrigerant Dehumidifier

10.3.1     Overview

10.3.2     Refrigerant Dehumidifier: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

10.4      Desiccant Dehumidifier

10.4.1     Overview

10.4.2     Desiccant Dehumidifier: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

11.        Dehumidifier Market – Geographic Analysis

11.1      North America: Dehumidifier Market

11.1.1     North America: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)

11.1.2     North America: Dehumidifier Market, by Type

11.1.3     North America: Dehumidifier Market, By Application

11.1.4     North America: Dehumidifier Market, By Capacity

11.1.5     North America: Dehumidifier Market, By Technology

11.1.6     North America: Dehumidifier Market, by Key Country

11.1.6.1       US: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)

11.1.6.1.1       US: Dehumidifier Market, by Type

11.1.6.1.2       US: Dehumidifier Market, By Application

11.1.6.1.3       US: Dehumidifier Market, By Capacity

11.1.6.1.4       US: Dehumidifier Market, By Technology

11.1.6.2       Canada: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)

11.1.6.2.1       Canada: Dehumidifier Market, by Type

11.1.6.2.2       Canada: Dehumidifier Market, By Application

11.1.6.2.3       Canada: Dehumidifier Market, By Capacity

11.1.6.2.4       Canada: Dehumidifier Market, By Technology

11.1.6.3       Mexico: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)

11.1.6.3.1       Mexico: Dehumidifier Market, by Type

11.1.6.3.2       Mexico: Dehumidifier Market, By Application

11.1.6.3.3       Mexico: Dehumidifier Market, By Capacity

11.1.6.3.4       Mexico: Dehumidifier Market, By Technology

12.        Dehumidifier Market- COVID-19 Impact Analysis

12.1      Overview

12.1.1     North America: Impact Assessment of COVID-19 Pandemic

13.        Industry Landscape

13.1      Overview

13.2      New Development

13.3      Merger and Acquisition

14.        Company Profiles

14.1      De’Longhi Appliances S.r.l.

14.1.1     Key Facts

14.1.2     Business Description

14.1.3     Products and Services

14.1.4     Financial Overview

14.1.5     SWOT Analysis

14.1.6     Key Developments

14.2      Berg Chilling Systems Inc.

14.2.1     Key Facts

14.2.2     Business Description

14.2.3     Products and Services

14.2.4     Financial Overview

14.2.5     SWOT Analysis

14.2.6     Key Developments

14.3      Honeywell International Inc.

14.3.1     Key Facts

14.3.2     Business Description

14.3.3     Products and Services

14.3.4     Financial Overview

14.3.5     SWOT Analysis

14.3.6     Key Developments

14.4      GE Appliances

14.4.1     Key Facts

14.4.2     Business Description

14.4.3     Products and Services

14.4.4     Financial Overview

14.4.5     SWOT Analysis

14.4.6     Key Developments

14.5      Whirlpool Corporation

14.5.1     Key Facts

14.5.2     Business Description

14.5.3     Products and Services

14.5.4     Financial Overview

14.5.5     SWOT Analysis

14.5.6     Key Developments

14.6      Therma-Stor

14.6.1     Key Facts

14.6.2     Business Description

14.6.3     Products and Services

14.6.4     Financial Overview

14.6.5     SWOT Analysis

14.6.6     Key Developments

14.7      Munters

14.7.1     Key Facts

14.7.2     Business Description

14.7.3     Products and Services

14.7.4     Financial Overview

14.7.5     SWOT Analysis

14.7.6     Key Developments

14.8      LG Electronics

14.8.1     Key Facts

14.8.2     Business Description

14.8.3     Products and Services

14.8.4     Financial Overview

14.8.5     SWOT Analysis

14.8.6     Key Developments

14.9      General Filters, Inc.

14.9.1     Key Facts

14.9.2     Business Description

14.9.3     Products and Services

14.9.4     Financial Overview

14.9.5     SWOT Analysis

14.9.6     Key Developments

14.10   Sunpentown International Inc.

14.10.1  Key Facts

14.10.2  Business Description

14.10.3  Products and Services

14.10.4  Financial Overview

14.10.5  SWOT Analysis

14.10.6  Key Developments

15.        Appendix

15.1      About The Insight Partners

15.2      Word Index

 


LIST OF TABLES

Table 1.             Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             North America: Dehumidifier Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             North America: Dehumidifier Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 4.             North America: Dehumidifier Market, By Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 5.             North America: Dehumidifier Market, By Technology – Revenue and Forecast to 2028 (US$ Million)

Table 6.             US: Dehumidifier Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 7.             US: Dehumidifier Market, By Application –Revenue and Forecast to 2028 (US$ Million)

Table 8.             US: Dehumidifier Market, By Capacity –Revenue and Forecast to 2028 (US$ Million)

Table 9.             US: Dehumidifier Market, By Technology –Revenue and Forecast to 2028 (US$ Million)

Table 10.          Canada: Dehumidifier Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Canada: Dehumidifier Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Canada: Dehumidifier Market, By Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Canada: Dehumidifier Market, By Technology – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Mexico: Dehumidifier Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 15.          Mexico: Dehumidifier Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Mexico: Dehumidifier Market, By Capacity – Revenue and Forecast to 2028 (US$ Million)

Table 17.          Mexico: Dehumidifier Market, By Technology – Revenue and Forecast to 2028 (US$ Million)

Table 18.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Dehumidifier Market Segmentation

Figure 2.           Dehumidifier Market Segmentation – By Geography

Figure 3.           North America Dehumidifier Market Overview

Figure 4.           Chemical Absorbent Dehumidifiers Segment held the largest share in 2020

Figure 5.           Commercial Segment held the largest share in 2020

Figure 6.-50 Pint Segment held the largest share in 2020

Figure 7.           Refrigerant Dehumidifier Segment held the largest share in 2020

Figure 8.           United States held the largest share in 2020

Figure 9.           North America: PEST Analysis

Figure 10.        Dehumidifier Market – Ecosystem Analysis

Figure 11.        Expert Opinion

Figure 12.        Impact Analysis of Drivers and Restraints

Figure 13.        Dehumidifier Market – Geographic Analysis

Figure 14.        Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Dehumidifier Market Breakdown, By Type (2020 and 2028)

Figure 16.        Heat Pump: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Ventilating Dehumidifier: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Chemical Absorbent Dehumidifiers: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Dehumidifier Market Breakdown, By Application (2020 and 2028)

Figure 20.        Residential: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Commercial: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Industrial: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Dehumidifier Market Breakdown, By Capacity (2020 and 2028)

Figure 24.        Less than 30 Pint: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

Figure 25.-50 Pint: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Above 50 Pint: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Dehumidifier Market Breakdown, By Technology (2020 and 2028)

Figure 28.        Refrigerant Dehumidifier: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Desiccant Dehumidifier: Dehumidifier Market Revenue and Forecast to 2028 (US$ Million)

Figure 30.        North America: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        North America: Dehumidifier Market Revenue Share, by Type (2020 and 2028)

Figure 32.        North America: Dehumidifier Market Revenue Share, By Application (2020 and 2028)

Figure 33.        North America: Dehumidifier Market Revenue Share, By Capacity (2020 and 2028)

Figure 34.        North America: Dehumidifier Market Revenue Share, By Technology (2020 and 2028)

Figure 35.        North America: Dehumidifier Market Revenue Share, by Key Country (2020 and 2028)

Figure 36.        US: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37.        Canada: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38.        Mexico: Dehumidifier Market – Revenue and Forecast to 2028 (US$ Million)

Figure 39.        Impact of COVID-19 Pandemic in North American Country Markets

  1. De’Longhi Appliances S.r.l.
  2. Berg Chilling Systems Inc.
  3. Honeywell International Inc.
  4. GE Appliances
  5. Whirlpool Corporation
  6. Therma-Stor
  7. Munters
  8. LG Electronics
  9. General Filters, Inc.
  10. Sunpentown International Inc.
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  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Regional market trends and outlook coupled with the factors driving the market, as well as those hindering it
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FAQ

Rapid urbanization and growing disposable income Increasing adoption of dehumidifiers in commercial space and residential sector

The growing demand for industrial dehumidifiers is anticipated to offer ample future growth opportunity to the dehumidifier’s solution providers over the forecast period of 2021 to 2028. Dehumidifiers are widely used in manufacturing, pharmaceuticals plants, food processing units, and automotive factories. These industries need sufficient heat during the production process. The government agencies in Europe and North America are directed to use energy-efficient systems. Therefore, these regions have become mature and well-recognized for using dehumidifiers. Companies such as Munters, Bry-Air, Condair, Origin Corp, Hygro Tech Engineers, Berg Chilling Systems Inc., and Hitachi are providing dehumidifiers for the industrial sector. Growing manufacturing industries, such as automotive, aerospace, pharmaceutical, and food processing, in the UK, Brazil, Germany, France, China, India, and the US are projected to create lucrative business opportunities for dehumidifier producers to address the requirement of these countries in the coming years. Additionally, demand for desiccant dehumidifier is majorly suitable for diverse air and gas dehumidification tasks in industrial, utility, and haulage companies. To secure products and production processes, advanced products such as industrial dehumidifiers are getting used. Value retention of machines, and inventory and buildings; constant protection against corrosion, mold formation and condensation are some mandatory aspects which are considered in industries for product efficiency. This aspect is creating demand for desiccant dehumidifiers in the industrial sectors, which would create wide opportunities of the dehumidifier market during the forecast period.

Based on type, the North America dehumidifiers market is segmented into heat pumps, ventilating dehumidifiers, and chemical absorbent dehumidifiers. The North America dehumidifiers market is dominated by chemical absorbent segment in 2020, which accounted for ~60.1%, due to increasing development of solar-assisted, liquid desiccant dehumidifier systems that improve sustainability and energy efficiency.

Individuals are transforming their homes into smart homes with latest technologies and devices. The reason behind the strong adoption of technology is supportive infrastructure and strong economies. Owing to strong purchasing power of populace in countries such as the United States, Canada, and Mexico the customers are now preferring for premium level products backed by high disposable income. Increased focus of customers on the sophisticated products is helping the market players to introduce premium, advanced, and customized products. Growing concerns related to healthy lifestyle with supporting gadgets created a new trend of Wi-Fi & touch screen dehumidifiers. Such developments of products and integration of advanced technologies are projected to pave the path of success for dehumidifier manufacturers and providers across the world, which would bolster the growth of the dehumidifiers market during the forecast period.

Key companies in the dehumidifiers market include De’Longhi Appliances S.r.l., Berg Chilling Systems Inc., Honeywell International Inc., GE Appliances, Whirlpool Corporation, Therma-Stor, Munters, LG Electronics, General Filters, Inc., and Sunpentown International Inc.

US held the largest dehumidifiers market share in year 2020 owing to rapid urbanization, changing environmental conditions, and an increase in the disposable income of individuals in the country.

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