July 8, 2024
Dry Room Dehumidifier Market
Ict

Dry Room Dehumidifier Market Is Expected To Be Flourished By Rising Demand For Controlling Humidity In Commercial And Residential Spaces

Dry room dehumidifiers are essential appliances used to regulate humidity levels by removing excess moisture from indoor air and preventing mold growth, mildew, and musty odors. They are primarily used in areas with consistently high humidity like basements, attics, warehouses, indoor pools, elderly care facilities, and hospitals. Dry room dehumidifiers maintain humidity between 30-50% to provide a comfortable living environment for occupants. The global dry room dehumidifier market consists of a variety of products categorized based on their size, installation type, and power source. Permanent built-in dehumidifiers are ideal for large commercial spaces, while compact portable models are suitable for homes and smaller rooms.

The global dry room dehumidifier Market is estimated to be valued at US$ 310 Mn in 2023 and is expected to exhibit a CAGR of 18%  over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics

Rising demand for controlling humidity in commercial and residential spaces: Humid environments promote the growth of molds, mildew, allergens, and other contaminants that can damage building materials and pose health risks. Dry room dehumidifiers effectively remove excess moisture from indoor air and maintain optimal humidity levels. Additionally, fluctuating humidity impacts thermal comfort, so dehumidifiers are widely used in air-conditioned spaces.

Stringent energy efficiency regulations: Regulatory bodies have implemented energy conservation norms and standards to curb carbon emissions. As a result, dry room dehumidifier manufacturers focus on product innovation and incorporating technologies like variable-speed compressors, advanced microprocessors, and energy-saving modes. These innovations enhance energy efficiency while sustaining performance.

Segment Analysis

The dry room dehumidifier market is dominated by industrial segment which holds around 60% market share. Industrial dry room dehumidifiers are extensively used across manufacturing industries like pharmaceuticals, electronics and food processing to retain moisture level as per quality standards. They help maintain optimum humidity for various industrial processes and safe storage of products. The pharmaceutical sub-segment leads the industrial segment attributed to stringent moisture control needs for drug manufacturing and storage.

PEST Analysis

Political: Regulations around worker safety and product quality push manufacturing industries to optimize plant conditions through dehumidifiers.
Economic: Rising industrial activities in emerging nations alongside growing demand for sensitive electronic devices boost market growth.
Social: Increasing health awareness increases output of medicines necessitating efficient moisture management in pharma production and packaging.
Technological: Advancements in component design and connectivity features help achieve precise humidity control and remote monitoring.

Key Takeaways

The global Dry Room Dehumidifier Market Demand is expected to witness high growth. The global dry room dehumidifier Market is estimated to be valued at US$ 310 Mn in 2023 and is expected to exhibit a CAGR of 18%  over the forecast period 2023 to 2030.

Regional analysis

The North American region currently dominates the dry room dehumidifier market owing to stringent quality standards in pharmaceutical industry and technological advancements. The US contributes major market share due to flourishing manufacturing sector. However, Asia Pacific is expected to witness highest growth during the forecast period with China emerging as the fastest growing market. This can be attributed to expanding production of electronic goods and setting up of new pharma plants & medical device manufacturing units in the region.

Key players related content comprises
Key players operating in the dry room dehumidifier market are Ashok Leyland, General Motors Company, Bosch Rexroth AG, Xiamen Golden Dragon Bus Co., Ltd., Daimler AG, Volvo Group, Volkswagen AG, Mahindra and Mahindra Ltd., Toyota Motor Corporation, and Tata Motors Ltd. These prominent manufacturers are focusing on new product launches catering to customized humidity control requirements of industries. For instance, Bosch Rexroth offers dry room dehumidifiers equipped with IoT connectivity for remote performance monitoring and predictive maintenance.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it