Humidifiers Market Scope
Humidifier adds moisture to the air and prevents dryness in the environment. Most humidifiers are used in cold places where the rooms have been dried out and also help in virus removal from the places. The global humidifiers market is expected to grow at a steady rate during the forecast period. The rising awareness of the ill effects of dry air and poor indoor air quality drives the global market. Humidifiers are used to relieve problems caused by dry air like dry skin, sinus congestion, dry throat, bloody noses, nose irritation, dry cough, irritated vocal cords, and cracked lips. Increase disposable income coupled with rising living standards is the major factor positively influencing the growth of the humidifier market in the forthcoming years. In addition, the large humidifier is integrated with HVAC, which is being widely adopted by commercial and industrial applications, owing to facilitate a better working environment for employees.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Honeywell International Inc. (United States), DriSteem (United States), Boneco AG (Switzerland), Koninklijke Philips (Netherlands), De Longhi Appliances S.r.l (Italy), Condair Group AG (Switzerland), Dyson (United Kingdom), Carel Industries S.p.A. (Italy), Ucan Co., Ltd. (Japan) and Kaz USA, Inc. (United States) |
CAGR | 5.0% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that European and United States Vendors will contribute to the maximum growth of Global Humidifiers market throughout the predicted period.
Honeywell International Inc. (United States), DriSteem (United States), Boneco AG (Switzerland), Koninklijke Philips (Netherlands), De Longhi Appliances S.r.l (Italy), Condair Group AG (Switzerland), Dyson (United Kingdom), Carel Industries S.p.A. (Italy), Ucan Co., Ltd. (Japan) and Kaz USA, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Crane USA (United States) and Guardian Technologies (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Humidifiers market by Type , by Application (Residential, Commercial, Industrial and Others) and Region with country level break-up.
On the basis of geography, the market of Humidifiers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In December 2022, Fogco announced its acquisition of SnapFan Solar National Air Propulsion. The acquisition is in line with Fogco mission of providing modern, eco-friendly cooling, and humidification equipment for various applications.
In June 2022, Dristeem launched XTP humidifier with an outdoor enclosure for wall/AHU installation projects. It was designed for projects where desired electrode humidifiers & equipment must be located outdoors.
Influencing Trend:
Changing Consumer Lifestyles and Shift toward Advanced Healthcare Devices
Market Growth Drivers:
Rising Awareness among Customers about the Disease such as Asthma, Sinusitis, and some Allergies and Increasing Adoption of Humidifiers in the Industrial Segment
Challenges:
Intense Competition among the Competitors
Restraints:
Lack of awareness about the Benefits of Humidifiers in Emerging Economies
Opportunities:
Increasing Demand for Industrial Ultrasonic Humidifier for Indoor Planting such as Warehouses and Greenhouses, Especially in the Cold Regions
Key Target Audience
Humidifiers Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others