July 19, 2024
Dry Room Dehumidifier Market

Surging Construction Activities Boosting Growth of the Global Dry Room Dehumidifier Market

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 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Dry room dehumidifiers are climate control units that are designed to remove excess moisture from indoor spaces. They allow controlling humidity levels in rooms like basements, apartments, office spaces, and warehouses. Dry room dehumidifiers maintain humidity below 30-35% to protect materials that degrade or warp due to moisture. They are commonly used in commercial spaces housing electronics, pharmaceuticals, food, tobacco, and photographic materials that demand low humidity for optimum storage. Dry room dehumidifiers offer benefits like limiting microbial growth, preventing corrosion, and lowering the risk of artifacts disintegrating due to moisture susceptibility.

Market key trends:

One of the major trends in the dry room dehumidifier market is the rising adoption of mobile and portable dehumidifiers. These allow flexibility to move machines between rooms easily. They are finding increasing usage in construction sites where humidity needs to be removed from newly constructed buildings before installation of finishes and fixtures. Mobile dehumidifiers help dry out buildings faster by removing moisture efficiently. They provide a cost-effective solution, especially for temporary humidity control needs. This trend is being driven by the surging construction activities across both residential and non-residential sectors globally.

Porter’s Analysis

Threat of new entrants: Low barrier to entry in dehumidifier manufacturing owing to low capital requirements and technology. However, established brands have strong distribution channels and customer loyalty.

Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes. However, specialty dehumidifiers have captive customers with no affordable substitutes.

Bargaining power of suppliers: Component suppliers have low bargaining power due to availability of substitute components and focus of manufacturers on backward integration.

Threat of new substitutes: Low threat as dehumidifiers offer hassle-free solution compared to traditional moisture control techniques. However, periodic maintenance is required.

Competitive rivalry: Intense competition between global and regional players. Manufacturers compete based on product quality, reliability, pricing and brand image.

Key Takeaways

The Global Dry Room Dehumidifier Market Size is expected to witness high growth, exhibiting CAGR of 6.9% over the forecast period, due to increasing construction activities and rising industrial applications.

Regional analysis: North America dominates the market currently owing to stringent industrial norms and presence of major dehumidifier manufacturing companies. Asia Pacific is expected to grow at the fastest pace during the forecast period due to rising industrialization and increasing disposable income in the region.

Key players: Key players operating in the dry room dehumidifier market are DanDry, Bry-Air, Drymate, DehuTech AB, Aprilaire, Therma-Stor LLC, Santa Fe Products, Surna Inc., and Desert Aire Corp. Manufacturers are focusing on new product development and mergers & acquisitions to strengthen their market presence.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it