Industrial Dehumidifier Market Expected to Reach $1.4 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Industrial Dehumidifier Market," The industrial dehumidifier market size was valued at $0.8 million in 2021, and is estimated to reach $1.4 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.

Commonly observed types of industrial dehumidifiers are refrigerant, adsorption, and others. Among these, the refrigerant segment accounted for the highest market share in 2021, owing to its usability in small- and large-scale manufacturing industries and its ability to work in high temperatures. The market is analyzed with respect to different end-user industries, which include such as food & beverages, pharmaceutical, electronics, warehousing, and others. Among these, the food & beverages industry is anticipated to grow with high CAGR, owing to rise in disposable income and growth in online food retail services. By installation type, the market is bifurcated into floor and ceiling. The floor mounted industrial dehumidifiers segment held the largest industrial dehumidifier market share, owing to easy operation and handling. The market is mainly driven by rise in manufacturing industries such as food & beverages, pharmaceutical, and electronics. In addition, rise in global trade, which has increased the number of warehouses has contributed to the growth of the industrial dehumidifier industry. However, high electricity consumption by industrial dehumidifiers is restraining the expansion of the industrial dehumidifier market growth.

In 2021, Asia-Pacific dominated the global industrial dehumidifier market, in terms of revenue, followed by North America and Europe. Moreover, the market in LAMEA is anticipated to grow with high CAGR owing to rise in the pharmaceutical industry and other small- and medium-scale manufacturing industries.

Key manufacturers in the industry offer a wide range of industrial dehumidifiers to stay competitive in the market. Manufacturers, such as Bry-Air and Origin Corporate Services Pvt. Ltd., have a wide range of ceiling and floor mounted industrial dehumidifiers for application across the industries.

However, during the pandemic lockdown, various manufacturers in the industrial dehumidifier market had to stop their businesses in the countries such as China, the U.S., and India. This break directly impacted sales of industrial dehumidifier manufacturing companies. In addition, lack of manpower and raw materials have negatively influenced the growth of the market. However, after two years of COVID-19 outbreak and introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly.

Key companies profiled in the industrial dehumidifier market forecast report include Bry-Air, Carrier Global Corporation, Condair Group, Dantherm Group, Hangzhou Conloon Electric Co., Johnson Controls International Plc, Munters Group AB, Refcon Technologies and Systems Pvt. Ltd., Trane Technologies Plc, and Zhejiang Oulun Electric Co., Ltd.

Key Findings of the Study 

• The report provides an extensive analysis of the current and emerging industrial dehumidifier market trends and dynamics. 
• Depending on type, the refrigerant segment dominated the industrial dehumidifier market in terms of revenue in 2021 and the adsorption segment is projected to grow at a significant CAGR during the forecast period.
• By installation type, the floor segment registered highest revenue share in 2021.
• By end user, warehousing segment is anticipated to grow at a highest CAGR during the forecast period.
• LAMEA is projected to register highest growth rate in the coming years.
• Extensive industrial dehumidifier market analysis is conducted by following key product positioning and monitoring of the top competitors within the market framework.