Europe Dehumidifier Market Size, Share & Trends Analysis Report By Product (Portable, Fixed), By Technology (Refrigerative, Desiccant), By Application (Residential, Industrial), By Country, And Segment Forecasts, 2023 - 2030

Europe Dehumidifier Market Size, Share & Trends Analysis Report By Product (Portable, Fixed), By Technology (Refrigerative, Desiccant), By Application (Residential, Industrial), By Country, And Segment Forecasts, 2023 - 2030

Europe Dehumidifier Market Growth & Trends

The Europe dehumidifier market size is expected to reach USD 1,446.5 million by 2030, registering a CAGR of 6.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increased construction spending due to economic & industrial development and rapid population growth is expected to boost the demand for dehumidifiers over the forecast period. Various emerging countries have made significant investments in public infrastructures, such as hospitals, offices, and housing societies, on account of the increasing population and rapid industrialization. In the food processing & packaging industry, maintaining an adequate temperature within facilities is of vital importance.

Confectioneries and other perishable food products are often stored at cold temperatures to prevent them from spoiling. Storing them at incorrect temperatures can incur huge losses for the industry. In addition, uncontrolled humidity and moisture often lead to issues, such as a change in flavor and degradation of the coating quality. Hence, controlling the humidity and moisture content in food processing & packaging facilities has become necessary to prevent moist air from condensing on the surface of the products. The industry is witnessing high investments in the installation of advanced equipment used to control the humidity of the processing, packaging, and storage facilities.

Increasing cases of respiratory issues arising from pollutants that are formed in high-humidity environments have augmented the demand for dehumidifiers in the residential sector. Allergens, such as mold, mildew, and dust mites, thrive in high humidity, making it challenging for individuals with chronic lung diseases to breathe in such conditions. As a result, whole-house dehumidifiers are being widely adopted in homes to control moisture and maintain humidity levels inside the house. Rising awareness among consumers regarding the maintenance of a healthy lifestyle at home and the workplace is anticipated to increase the demand for dehumidifiers as well as other humidity control systems, such as air conditioners and HVAC systems.

Building owners are compelled to offer a healthier environment to corporate and residential occupants to avoid any legal hurdles that may arise due to sick building syndrome. Moreover, corporates and other businesses are ensuring that IAQ guidelines are met on their premises to ensure good air quality at the workplace. The market is highly competitive and dependent on technological advancements and product developments. Market players strive to achieve application development to gain a competitive advantage. The presence of local players in the region poses a significant threat to large multinational companies, in terms of product quality and prices offered to the customers.

Europe Dehumidifier Market Report Highlights

• The desiccant dehumidifier technology segment led the market and accounted for a 55.8% share in 2022, and the market is anticipated to grow at a CAGR of 6.7% from 2023 to 2030, in terms of revenue, on account of a wide acceptance in industrial and commercial applications
• The growth of the refrigerative dehumidifier technology segment of the dehumidifier market in Europe is anticipated to be driven by the increasing health consciousness and awareness among the masses about maintaining the quality of indoor air at homes, offices, and other commercial places. According to the Centers for Disease Control and Prevention, indoor air quality is a crucial factor that triggers indoor asthma among occupants
• The fixed dehumidifier segment held the major share of the market, i.e., 56.9%, in 2022 on account of the high number of manufacturing facilities, storage & warehousing, semiconductor fabrications, restaurants, and hotels across the region
• Germany accounted for a 25.1% share of the overall revenue in 2022 on account of the rapid growth of the construction sector
• Dehumidifier manufacturers focus on collaborations, mergers, acquisitions, and partnerships to expand their product portfolios and increase their production capacities as well as consumer base
• For instance, in April 2020, Airwatergreen AB entered a distribution agreement with Media Systems, Inc, a provider of different types of media-level control solutions. As per the agreement, the latter is expected to provide comprehensive support and access to the former’s dehumidifiers in Latvia

Please note The report will be delivered in 3-8 business days upon order notification.