by The dry room dehumidifier market involves products that are used to regulate humidity levels in rooms or closed areas where moisture control is crucial. Dry room dehumidifiers are effective in removing excess moisture from areas like attics, basements, warehouses, commercial kitchens, and industrial facilities to prevent mildew, mold, and rust formation.
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 key trends
Growth in construction activities across the globe is one of the major factors propelling the demand for dry room dehumidifiers. Rapid urbanization and industrialization have led to a significant rise in new residential and commercial construction projects in emerging economies such as China, India, Brazil, and Southeast Asian countries over the past few years. Since excess moisture can damage building materials and structures, dry room dehumidifiers are increasingly being used in construction sites and newly constructed buildings to regulate humidity levels and avoid dampness-related issues. This growing construction boom worldwide is expected to boost the dry room dehumidifier market during the forecast period.
SWOT Analysis
Strength: Dry room dehumidifiers offer efficient and cost-effective moisture control solutions for applications requiring very low humidity levels. They provide precise dehumidification and help maintain optimal indoor humidity.
Weakness: Initial investment required for dry room dehumidifiers can be high. Frequent maintenance and service is needed to ensure effective functioning.
Opportunity: Growing demand from pharmaceutical, food processing and various other manufacturing industries where very low humidity levels are crucial will drive the market. Rapid industrialization in emerging economies also opens up new opportunities.
Threats: The availability of cheaper alternatives and fluctuating raw material prices can pose challenges. Strict environmental regulations regarding energy efficiency and refrigerants may restrain the market to some extent.
Key Takeaways
The global Dry Room Dehumidifier Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. 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: Asia Pacific accounts for the largest share of the global dry room dehumidifier market currently. China, India and other Southeast Asian countries are witnessing considerable growth in industries like pharmaceutical, food processing, and automotive manufacturing where very low indoor humidity is essential. This is driving the demand for dry room dehumidifiers in the region.
Key players: 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 companies offer a wide range of dry room dehumidifiers catering to diverse industrial applications. They are focusing on new product launches and expanding operations to emerging countries to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
