The global market for portable dehumidifiers has achieved a substantial value of US$ 470.6 million in 2022, with projections indicating further growth to reach US$ 513 million in 2023. This trajectory points towards a significant expansion, with the market anticipated to reach US$ 1.1 billion by 2033, demonstrating an impressive Compound Annual Growth Rate (CAGR) of 8% from 2023 onwards.
The increasing demand for intelligent and interconnected portable dehumidifiers is expected to drive market growth, highlighting a promising outlook for these products. Moreover, the thriving hospitality sectors in countries such as Malaysia, Singapore, and Thailand are playing a pivotal role in driving considerable demand for portable dehumidifiers. The Asia Pacific region’s heightened emphasis on tourism and renovation endeavors is poised to sustain and elevate future demand.
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Future Innovations in Portable Dehumidifiers: Solar-Powered Operation, Precision Humidity Control, and Environmentally-Friendly Refrigerants
As solar energy technology advances, the future might bring Portable Dehumidifiers equipped with solar panels, enabling partial or full operation using renewable energy – a valuable feature in emergencies or off-grid scenarios. Incorporating moisture sensing technology, upcoming models will precisely regulate humidity levels to prevent excessive dehumidification. Anticipated advancements involve the use of eco-friendly refrigerants with lower global warming potential (GWP) than conventional ones like R-410A, contributing to reduced environmental impact.
Key Insights from Market Analysis:
- Dehumidifiers with refrigerants are projected to grow at a 7.9% CAGR from 2023 to 2033.
- China’s demand for Portable Dehumidifiers is set to increase by an 8% CAGR by 2033, as per FMI.
- The US market for Portable Dehumidifiers is estimated to reach US$ 223 million by 2033.
- Portable Dehumidifiers with power up to 100 watts are expected to achieve a 7.8% CAGR in sales.
- Refrigerant-based Portable Dehumidifiers are likely to be the most sought-after, targeting a 7.9% CAGR.
- Between 2023 and 2033, the global Portable Dehumidifiers market is projected to experience an absolute dollar growth of US$ 597.4 million.
“The rising demand for Portable Dehumidifiers is driven by the popularity of connected devices and the need for cost-effective solutions. With growing concerns about indoor air quality, the market for small portable devices is expected to witness significant growth in the coming years,” noted an FMI analyst.
Competitive Landscape and Market Dynamics:
The portable dehumidifier market features a multitude of key players offering a diverse range of products. Competition among these companies is shaped by factors such as product innovation and competitive pricing strategies.
Companies Invest in Innovation:
Strategically investing in research and development to cater to evolving customer needs, introduce novel products, and enhance performance is a prominent approach for companies. Market presence expansion is achieved through partnerships, mergers, and acquisitions.
Recent Market Developments:
In July 2023, the introduction of the Costway 10000 BTU 4-in-1 air conditioner and dehumidifier garnered attention. Noted for its compact size and minimal intrusion, this machine offers versatile functionality including ventilation, drying, air cooling, and sleep modes. It employs the environmentally friendly R410A refrigerant, showcasing a commitment to sustainability.
Leading Companies in the Portable Dehumidifier Market:
- Honeywell International
- Black+Decker Inc.
- Eva-Dry
- Frigidaire
- General Electric Company
- LG Electronics
- Bry-Air (Asia) Pvt. Ltd.
- Hysure
- Origin Corporate Services Pvt. Ltd.
- Pro Breeze
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Portable Dehumidifiers Market Segmentation:
By Type:
- Refrigerant Dehumidifiers
- Desiccant Dehumidifiers
- Peltier Dehumidifiers
By Power:
- Up to 100 Watt
- 101 to 300 Watt
- More than 300 Watt
By Capacity:
- Large
- Medium
- Small
By Application:
- Residential
- Commercial
- Industrial
By Sales Channel:
- Online
- E-commerce Websites
- Company-owned Websites
- Offline
- Supermarkets & Hypermarkets
- Specialty Stores
- Other Retail Stores
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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