Europe Dehumidifier Market

The Europe dehumidifier market size was valued at $212.2 million in 2019, and is expected to reach $372.15 million by 2027, registering a CAGR of 8.9% during the forecast period. A dehumidifier is a household appliance that minimizes the level of humidity in the air. Improvement in economic condition and growth in disposable income are significant factors that propel the growth of the Europe dehumidifier market. After the 2009 economic crisis in Europe, the European economy witnessed a standstill. However, strong recovery from the crisis resulted in notable economic growth, especially in Germany, and has led to increase in disposable income among the middle-income groups, thus, acting as a major driver for the market.       

Rapid growth in consumers’ consciousness toward health and comfort, upsurge in real estate sector, and continuous changes in climatic conditions are projected to boost the growth of the Europe dehumidifier market. Furthermore, improvement in living standards and rise in health expenditure augment the demand for dehumidifiers in the Europe dehumidifier market.  

High cost associated with dehumidifiers is anticipated to hamper the growth of the market. The cost of a mini dehumidifier (1–10 pints) preferable for a bathroom costs around $40–70. A small–medium capacity dehumidifier (11–25 pints) preferable for a living room costs around $100–250 or more. On the contrary, alternatives such as rooms built with improved air circulation through fans and windows and application of moisture absorbent such as calcium chloride can effectively be used to dehumidify rooms. 

Improvement in economic condition and surge in disposable income are significant factors that propel the growth of the Europe dehumidifier market. After the 2009 economic crisis in Europe, the European economy witnessed a standstill. However, strong recovery from the crisis resulted in notable economic growth, especially in Germany, and has led to increase in disposable income among the middle-income groups, thus acting as a major driver for the market. Furthermore, medium- and high-income consumers in urban areas are shifting their consumption trend from essential to premium goods & services. This trend is favoring dehumidifier manufacturers to enhance their product portfolio in the residential dehumidifier segment. Thus, all these factors together are anticipated to offer potential growth opportunity for the Europe dehumidifier market during the forecast period. 

Moreover, due to high demand and low supply trends, the prices of commercial and residential dehumidifiers are likely to rise in 2020 to overcome on economic instability. On the contrary, disruptions to the supply chain in shipping could lead to temporary shortages in supply, putting upward pressure on prices in short term. 

The significant decrease in the dehumidifier market size in 2020 is estimated on the basis of the COVID-19 outbreak and its impact on the economies and industries across Europe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation. These scenarios were discussed with the food industry experts. However, this pandemic spread is anticipated to affect for a short term. 

According to the Europe dehumidifier market analysis, the market is segmented into type, application, and country. On the basis of type, the market is classified into refrigerant type and chemical absorbent. Depending on application, it is fragmented into industrial, commercial and residential. Country wise, it is analyzed across Germany, France, Spain, UK, Italy, and rest of Europe.    

According to the Europe dehumidifier market analysis on the basis of type, the refrigerant type segment accounted for the maximum share in the 2019. This can be attributed to its high durability and immense dehumidifying capacity, which handles strain of continuous work load for decades. Furthermore, it is best suited to large or poorly insulated rooms. However, these machines are heavy, noisy, and ineffective in rooms at low temperature. 

By application, the industrial segment dominated the market, which accounted for 43.6% Europe dehumidifier market share in 2019, and is expected to continue this trend throughout the Europe dehumidifier market forecast period. Industrial dehumidifiers exhibit high moisture removal capacity, rugged construction, and incorporate necessary fail-safes, ensuring dependable operation and meeting the demanding conditions of industrial applications. 

Country wise, UK held the major share of 15.67% in the market in 2019, owing to the rise in consciousness of consumers toward health and wellness. Consumers are actively concerned to maintain a healthy living environment at home and these factors significantly drive the demand for products that improve air quality.   

The active players in the Europe dehumidifier market report are  AB Electrolux, Desiccant Technologies Group, General Filters, Inc, Motors And Armatures Inc.(Mars), Haier Smart Home Co., Ltd, Lg Electronics, Honeywell International Inc, Berlin Brands Group, Meaco (U.K.) Limited, And Whirlpool Corporation. 

Key Benefits For Stakeholders

• The report provides a quantitative analysis of the current Europe dehumidifier market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities.    
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis and the market size and segmentation assist to determine the prevailing Europe dehumidifier market opportunities.   
• Drivers and restraints are analyzed depending on type in the Europe dehumidifier market. 

 Europe Dehumidifier Market Report Highlights