Technology

Desiccant Dehumidifier Market Set to Reach USD 811 Billion by 2031, Driven by Rising Demand for Air Quality Solutions and Industrial Applications – Market Research Intellect

Published

2 years ago

February 20, 2025

Market Research Intellect proudly announces the release of its latest market intelligence report, “Desiccant Dehumidifier Market: Global Industry Trends, Market Share, Growth, and Forecast.” This in-depth study provides industry stakeholders with critical insights into market trends, technological advancements, competitive strategies, and growth opportunities.

LEWES, Del., Feb. 20, 2025 /PRNewswire/ — The Desiccant Dehumidifier Market Size was valued at USD 605.5 Billion in 2023 and is expected to reach USD 811 Billion by 2031, growing at a 6% CAGR from 2024 to 2031. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market.

The Desiccant Dehumidifier Market is experiencing significant growth, driven by increasing demand for efficient moisture control solutions across various industries. Rising awareness about air quality management, coupled with expanding applications in pharmaceuticals, food processing, and manufacturing, is fueling market expansion. The adoption of energy-efficient dehumidification systems is gaining traction as industries seek cost-effective and sustainable solutions. Technological advancements, including smart monitoring and automation, are further enhancing product efficiency and usability. Additionally, stringent regulations on humidity control in critical sectors are prompting investments in advanced dehumidification technologies. With a projected 6% CAGR through 2031, the market is set for steady expansion, reaching USD 811 billion.

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202 – Pages
126 – Tables
37 – Figures

Scope Of The Report

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Munters AB, Thermo Fisher Scientific Inc., Secomak Ltd., Desiccant Technologies, Trotec GmbH, Trane Technologies, Daikin Industries Ltd., Honeywell International Inc., Condair Group, and SPX FLOW, Inc

SEGMENTS COVERED

By Type, By Application And By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

Desiccant Dehumidifier Market Overview

Market Introduction and Size
The Desiccant Dehumidifier Market, valued at USD 605.5 billion in 2023, is expected to grow at a 6% CAGR from 2024 to 2031, reaching USD 811 billion by 2031. These devices are primarily used to maintain optimal humidity levels in a variety of environments, including industrial, commercial, and residential settings. Desiccant dehumidifiers are preferred in situations where temperature sensitivity is a key concern, as they work effectively at low temperatures. The market’s growth is fueled by the increasing demand for climate control solutions to ensure air quality, reduce mold growth, and protect sensitive equipment and products. Factors such as industrialization, climate change, and a focus on health and comfort are all contributing to market expansion.

Market Segmentation by Product Type
The Desiccant Dehumidifier Market is segmented based on product types, including portable, stationary, and industrial models. Portable units are popular in residential and smaller commercial applications due to their ease of use and compact design. Stationary dehumidifiers are more commonly used in larger facilities, where fixed installation is required for continuous operation. Industrial desiccant dehumidifiers cater to manufacturing plants, food production, pharmaceutical sectors, and other high-demand industries. These models are designed to handle large-scale operations and operate efficiently under extreme conditions. Each segment addresses different consumer needs, with technological improvements focusing on enhancing energy efficiency and ease of maintenance. As demand grows, particularly in industrial settings, the market for larger, more specialized dehumidifiers is expected to expand.

Technological Advancements Driving Growth
Technological innovations in desiccant dehumidifiers are a significant factor driving market growth. Recent advancements have focused on improving energy efficiency, ease of use, and automation capabilities. Smart dehumidifiers equipped with sensors, remote monitoring, and programmable settings are gaining popularity. These systems can automatically adjust settings based on environmental changes, providing users with greater control and optimizing energy usage. In addition, the integration of IoT (Internet of Things) technology is allowing dehumidifiers to be connected to building management systems, which is particularly beneficial in large-scale commercial and industrial applications. These advancements are not only improving the functionality of the devices but also making them more cost-effective and environmentally friendly. Such innovations are expected to fuel continued market growth.

Industrial and Commercial Applications
The industrial and commercial sectors are significant contributors to the growth of the Desiccant Dehumidifier Market. Industries such as pharmaceuticals, food processing, manufacturing, and electronics heavily rely on maintaining specific humidity levels to preserve product quality, prevent corrosion, and avoid damage to sensitive machinery. Desiccant dehumidifiers are ideal for these environments because they maintain a consistent humidity level, regardless of temperature fluctuations. For example, in the pharmaceutical industry, proper moisture control is crucial for the stability of drugs and vaccines. Similarly, in the food processing sector, it helps prevent mold and spoilage. The increasing need for moisture control in these industries is expected to further accelerate the demand for desiccant dehumidifiers in the coming years.

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Residential Market Demand
While industrial and commercial sectors dominate the market, residential demand for desiccant dehumidifiers is also growing steadily. Increasing awareness about indoor air quality, as well as concerns about allergies, respiratory issues, and mold growth, is driving consumers to invest in dehumidifiers for their homes. Desiccant models, with their ability to work effectively at lower temperatures, are becoming more popular in basements and crawl spaces, areas that are prone to high humidity. Additionally, consumers are becoming more inclined to invest in eco-friendly and energy-efficient home appliances, pushing manufacturers to innovate and offer solutions that meet these demands. The growth in residential applications is expected to complement the overall expansion of the market, particularly in regions with humid climates.

Regional Market Insights
Geographically, the Desiccant Dehumidifier Market is experiencing varying growth patterns. North America and Europe hold significant market shares due to the high demand for climate control solutions in both residential and commercial sectors. In particular, the increasing adoption of smart home technologies and the need for moisture control in industries such as pharmaceuticals and food processing are driving growth in these regions. The Asia-Pacific region is expected to witness the highest growth during the forecast period, fueled by rapid industrialization, urbanization, and rising awareness about the benefits of dehumidification in high-humidity countries such as India, China, and Japan. In emerging markets, the adoption of desiccant dehumidifiers is anticipated to rise as more industries recognize the need for moisture control solutions.

Key Market Drivers
Several factors are driving the growth of the Desiccant Dehumidifier Market. One of the main drivers is the increasing awareness of the health risks associated with high humidity, such as the growth of mold, mildew, and allergens, which can lead to respiratory issues and allergies. This has prompted both consumers and businesses to invest in dehumidification systems to ensure a healthy indoor environment. Furthermore, with global warming and more extreme weather patterns, the demand for moisture control is expected to rise, especially in regions prone to high humidity and moisture. The growing need for energy-efficient, eco-friendly products and government regulations promoting indoor air quality also contribute to the market’s expansion.

Market Challenges and Outlook
Despite the positive growth outlook, the Desiccant Dehumidifier Market faces certain challenges. High initial costs and maintenance requirements for advanced models, particularly in industrial applications, may deter small businesses and individual consumers from investing in these systems. Additionally, the energy consumption of some desiccant dehumidifiers could be a concern, despite recent advancements aimed at improving energy efficiency. However, as technological innovations continue and more cost-effective solutions are developed, these challenges are expected to be mitigated. Overall, the market is expected to continue its upward trajectory, driven by growing demand across residential, commercial, and industrial sectors. With the projected market size reaching USD 811 billion by 2031, the outlook remains positive.

Geographic Dominance:

Geographic dominance in the Desiccant Dehumidifier Market is heavily influenced by regional industrialization, climate conditions, and technological adoption. North America and Europe currently lead the market due to their advanced industrial sectors and high demand for climate control solutions. These regions have established strong footholds in industries such as pharmaceuticals, electronics, and food processing, all of which require efficient moisture management. Moreover, growing concerns over indoor air quality and the adoption of energy-efficient appliances in residential settings further fuel demand in these areas. The Asia-Pacific region, however, is anticipated to experience the fastest growth, driven by rapid industrialization, urbanization, and a rising awareness of the benefits of moisture control, particularly in high-humidity countries like China, India, and Japan. Emerging economies in these regions are increasingly recognizing the importance of dehumidification, contributing to the market’s expansion.

Desiccant Dehumidifier Market Key Players Shaping the Future

Key players shaping the future of the Desiccant Dehumidifier Market include Munters AB, Thermo Fisher Scientific Inc., Secomak Ltd., Desiccant Technologies, Trotec GmbH, Trane Technologies, Daikin Industries Ltd., Honeywell International Inc., Condair Group, and SPX FLOW, Inc.. These companies are leading innovations and driving the growth of the market through product advancements, strategic partnerships, and expansion into emerging markets.

Desiccant Dehumidifier Market Segment Analysis

The Desiccant Dehumidifier market is segmented based on By Type, By Application and Geography, offering a comprehensive analysis of the industry.

1. By Type

The Desiccant Dehumidifier Market is divided into different types based on the dehumidifier’s design and functionality.

Portable Dehumidifiers: These are compact and can be moved easily, making them suitable for residential and small commercial applications. They are ideal for spaces where humidity control is required on a smaller scale or for specific areas like basements and crawl spaces.Stationary Dehumidifiers: Stationary models are fixed and provide long-term dehumidification solutions for large commercial or industrial spaces. These units are installed for continuous operation in environments like warehouses, production facilities, and hospitals.Industrial Dehumidifiers: Designed for large-scale industrial applications, these dehumidifiers are built to handle extreme conditions. They are typically used in industries such as pharmaceuticals, food processing, and electronics, where precise humidity control is critical.

2. By Application

The market is also segmented by various applications across residential, commercial, and industrial sectors.

Residential: Dehumidifiers in homes help manage indoor air quality, prevent mold growth, and reduce allergens. They are commonly used in areas with high humidity levels, such as basements, kitchens, and bathrooms.Commercial: In commercial settings, dehumidifiers are used in offices, retail spaces, and storage facilities. They help protect sensitive equipment, preserve inventory, and improve air quality for employees and customers.Industrial: Industrial dehumidifiers are used in sectors such as pharmaceuticals, food processing, textiles, and electronics. They are essential for maintaining controlled environments that prevent moisture damage to products and machinery.

3. By Geography

The geographic segmentation of the Desiccant Dehumidifier Market covers different regions with varying demand and growth rates.

North America: Dominates the market due to its advanced infrastructure, awareness of indoor air quality, and high industrial demand. The United States and Canada have a strong presence of commercial and residential dehumidifier usage.Europe: A well-established market driven by stringent regulations on air quality and high demand for dehumidification in both industrial and residential applications. Countries like Germany, the UK, and France are significant contributors to market growth.Asia-Pacific: The fastest-growing region, driven by rapid industrialization, urbanization, and increasing awareness of air quality issues. Countries like China, India, and Japan are expanding their use of desiccant dehumidifiers in both commercial and industrial sectors.Latin America: A developing market with growing demand for climate control solutions, especially in regions with high humidity. Brazil and Mexico are key markets in this region.Middle East and Africa: While still emerging, the demand for dehumidifiers is on the rise, driven by industrial growth and the need to control humidity in arid regions with high moisture levels.

Electronics And Semiconductor

The Desiccant Dehumidifier Market plays a crucial role in the electronics and semiconductor industries, where moisture control is essential to protect sensitive equipment and ensure product quality. In these sectors, high humidity can cause corrosion, short-circuiting, and degradation of electronic components, which can lead to product failure. Desiccant dehumidifiers are widely used in manufacturing facilities, clean rooms, and storage areas to maintain low humidity levels and prevent moisture damage. As semiconductor devices become increasingly smaller and more complex, the need for precise humidity control has grown. Additionally, advancements in dehumidifier technology, such as energy-efficient and smart systems, are making it easier for electronics and semiconductor manufacturers to maintain optimal conditions. With the continuous growth of these industries, particularly in regions like North America and Asia-Pacific, the demand for desiccant dehumidifiers is expected to rise, further cementing their importance in ensuring the reliability and longevity of electronic products.

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Technology

Lovey announces £250m senior secured credit facility with Pollen Street Capital

Published

10 minutes ago

October 27, 2026

UK’s fastest-growing fintech announces its largest funding facility to date to support more UK SMEs

BIRMINGHAM, England, Oct. 27, 2026 /PRNewswire/ — Lovey, the UK’s fastest-growing fintech and financial services provider, specialising in SME lending and brokerage, has today announced a senior secured credit facility of up to £250 million with Pollen Street Capital (“Pollen Street”), an alternative asset manager. The facility is made up of £50 million committed capital and a £200 million accordion, making it the largest funding facility in Lovey’s history and marking a key milestone in the company’s growth.

The facility demonstrates continued institutional investor confidence in Lovey’s lending model, technology and long-term strategy and reinforces Lovey’s position as a leading finance provider focusing on SME funding. The facility will significantly increase Lovey’s lending capacity, supporting the business as it scales its own-book lending while continuing to grow its established brokerage proposition.

Founded by Jack Smith in 2016, Lovey has grown from a one-person start-up into a 120-strong business, funding more than £600 million in loans to over 11,000 UK SMEs. Built around a mission to make lending simple, fast and beautiful, Lovey has expanded rapidly while staying focused on making finance easier and more accessible for small businesses. The new facility will support that mission by giving Lovey the capital to help more UK SMEs access funding quickly and flexibly.

Lovey began lending directly from its own balance sheet in 2022, building on its experience as a broker to develop a deeper understanding of the funding needs of UK SMEs. Today, the business combines direct lending with its established brokerage proposition, giving customers access to both Lovey’s own lending and a wider panel of funding partners. This approach allows Lovey to match businesses with the funding solution that best suits their needs, while the new facility provides greater capacity to grow its direct lending operation.

Jack Smith, Founder and CEO at Lovey, comments:
“This new facility is an important milestone for us and will enable us to put more capital behind UK small businesses, scale our own-book lending and give more SMEs access to finance when they need it. Pollen Street shares our belief that finances for small businesses should be simpler, faster and more flexible, and we’re really pleased to have them backing Lovey for this next stage of growth.”

Kai Hunter, Chief Operating Officer at Lovey, comments:
“The funding announced today is the result of close and collaborative work with Pollen Street and I am grateful to their team, and to our own, for the diligence they brought to it. This funding deepens our lending capacity and allows us to offer larger loans, so that we can back more of the UK’s small and medium-sized businesses, from those that have found finance hardest to secure to the well-established, with greater speed and certainty.”

Ethan Saggu, Investment Director, Pollen Street, adds:
“Lovey has spent almost a decade seeing the UK SME lending market from a broker’s perspective, giving the team an expert view of where demand for credit is going unmet. We have financed a number of specialist SME lenders and recognise what it takes to grow from brokerage into balance-sheet lending. Lovey has done so with a well-defined product and a focused approach, and we look forward to supporting the team as it scales.”

Lovey was advised by Ashurst Perkins Coie and Pollen Street was advised by Simmons & Simmons.

The facility builds on Lovey’s existing funding arrangements announced last year, including a £35 million revolving credit facility from Paragon Bank and a £10 million junior medium-term note programme from LGB Capital Markets. The new facility also adds to Lovey’s growing institutional funding base as it enters its next phase of expansion.

To learn more about Lovey or to apply for a fast, flexible business loan, visit Lovey’s website.

For any further information, please contact: press@lovey.com

About Lovey (the trading name of Love Finance Limited):
Lovey is the UK’s fastest-growing fintech and financial services provider, specialising in SME lending and brokerage. Founded in Birmingham in 2016 by Jack Smith, Lovey has a mission to make lending simple, fast and beautiful. The company has funded more than £600 million in loans for over 11,000 SMEs across the UK.

Recognised by EY, Deloitte, The Sunday Times, Financial Times, UK Growth Index, FEBE, and Sifted as one of the UK’s fastest-growing companies. Lovey combines direct lending and brokerage services to deliver fast, flexible, and tailored funding solutions. With an industry-leading 4.9-star Trustpilot rating, businesses can enquire in 60 seconds and receive funding in as little as 4 hours.

Website: www.lovey.com

Pollen Street Press Office:
FGS Global
Chris Sibbald / Anna Tabor
PollenStreetCapital-LON@fgsglobal.com

About Pollen Street:
Pollen Street is a fast-growing and high performing private capital asset manager. Established in 2013, the firm has built deep capability across the financial and business services sectors aligned with mega-trends shaping the future of the industry. Pollen Street manages over €9bn AUM across private equity and credit strategies on behalf of investors including leading public and corporate pension funds, insurance companies, sovereign wealth funds, endowments and foundations, asset managers, banks, and family offices from around the world. Pollen Street has a team of over 100 professionals.

www.pollenstreetgroup.com

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Technology

Baidu to Report Third Quarter 2026 Financial Results on November 16, 2026

Published

10 minutes ago

October 27, 2026

BEIJING, Oct. 27, 2026 /PRNewswire/ — Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced that it will report its financial results for the Third Quarter 2026 ended September 30, 2026, before the U.S. market opens on November 16, 2026. Baidu’s management will hold an earnings conference call at 7:30 AM on November 16, 2026, U.S. Eastern Time (8:30 PM on November 16, 2026, Beijing Time).

Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of “Baidu Inc. Q3 2026 Earnings Conference Call”. Please follow the steps to enter your registration details, then click “Register”. Upon registering, you will then be provided with the dial-in number, the passcode, and your unique access PIN. This information will also be emailed to you as a calendar invite.

For pre-registration, please click:
https://s1.c-conf.com/diamondpass/10057872-oyt4z8.html

In the 10 minutes prior to the call start time, you may use the conference access information (including dial-in number(s), the passcode and unique access PIN) provided in the calendar invite that you have received following your pre-registration.

Additionally, a live and archived webcast of this conference call will be available at https://ir.baidu.com.

A replay of the conference call may be accessed by phone at the following number until November 24, 2026:
US: 1 855 883 1031
Replay PIN: 10057872

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and the HKEX under “9888.” One Baidu ADS represents eight Class A ordinary shares.

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SOURCE Baidu, Inc.

Technology

IBS Software’s iCargo to power Philippine Airlines Cargo Modernisation

Published

10 minutes ago

October 27, 2026

Airline to move from its current cargo system to a modern, cloud-based platform covering cargo sales, ground handling operations and revenue accounting

MANILA, Philippines, Oct. 27, 2026 /PRNewswire/ — IBS Software’s iCargo, a cloud-based platform bringing cargo sales, ground handling operations and accounting together, has been selected by Philippine Airlines (PAL) to replace its current cargo system. The implementation will extend iCargo’s capabilities across PAL’s domestic and international cargo operations.

As the leading AI-native product company in the travel technology sector, IBS Software will support PAL’s broader cargo transformation and modernisation programme with capabilities that support PAL’s full range of business functions, from commercial and operations to back-office accounting, while enabling further innovation and digitisation through a single, fully integrated cloud-based platform. iCargo will support cargo movements across PAL’s domestic and international operations, including international requirements such as customs reporting, duties and taxes settlement and regulatory compliance. iCargo already supports carriers with this same mix of demands, providing the flexibility, scale and capabilities to manage both.

The transition will enable PAL to address key operational requirements across its cargo operations, including system performance and data analytics. iCargo will provide modern capabilities to support faster shipment processing, greater reliability and end-to-end shipment visibility, while reducing manual intervention and enabling more efficient processes.

Beyond operational efficiency, these capabilities will help PAL Cargo bring its ‘Care that Delivers’ promise to life, giving customers greater confidence through improved shipment visibility, reliable service and a more seamless cargo experience. As cargo volumes continue to grow across its network, the new platform will also provide the technological foundation for continued innovation, operational excellence and long-term growth.

IBS Software’s proposal combined a strong technology fit with a proven track record of delivering successful cargo transformations for airlines worldwide. The selection of iCargo builds on an established relationship between Philippine Airlines and IBS Software, broadening the portfolio of IBS Software products used by PAL and reinforcing their shared commitment to long-term innovation and business growth.

“This initiative represents an important step in the modernisation of our cargo business,” said Jason Siy, Vice President for Cargo Business, Philippine Airlines. “As we grow across our domestic and international network, we need a system that increases visibility, improves operational efficiency and enables us to deliver a better experience for our customers. We see iCargo as a key enabler of our long-term cargo transformation strategy and of our ambition to build an even stronger cargo business for the future.”

“Philippine Airlines has a clear vision for the future of its cargo business, and we are proud to support that journey,” added Sunil George, Vice President & Region Head of Oceania, IBS Software. “This partnership is about more than implementing a new cargo platform. It is about working closely with PAL to build the digital foundation for future growth, innovation and operational excellence, and continuing a relationship we value deeply.”

For more information about IBS Software’s iCargo solution, visit: https://www.ibsplc.com/product/air-cargo-solutions/icargo.

About IBS Software

IBS Software is a leading travel technology company delivering AI-native travel intelligence that enables smarter, faster and more resilient decision-making, with built-in guardrails across aviation, cargo and logistics, and leisure and hospitality. It powers core capabilities for leading travel brands worldwide, spanning airline retailing, passenger services, loyalty, fleet, hub and crew operations, cargo management, and cloud-native platforms for hotels and cruise line operators, and operates from 17 offices globally.

Further information can be found at www.ibsplc.com. Follow us:
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About Philippine Airlines

Philippine Airlines (PAL) is the Philippines’ flag carrier and the country’s only full-service network airline. Founded in 1941, PAL is Asia’s first commercial airline and has played a vital role in connecting the Philippines to the world for 85 years.

PAL operates scheduled nonstop flights from its hubs in Manila and Cebu to 29 destinations across the Philippines and 40 destinations in Asia, North America, Australia, and the Middle East.

PAL is an APEX Four Star™ airline and was recognised by Cirium for achieving the highest on-time performance among Asia-Pacific carriers in 2025. In 2026, Philippine Airlines was officially invited to join the oneworld® Alliance.

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SOURCE IBS Software