Air Humidifier Market Scope
Air humidifier is defined as the air conditioning appliance which increases the moisture level of the air in a room, building, among others. The various benefits of using air humidifiers such as preventing influenza, making a cough more productive, reducing snoring, keeping the skin and hair moist, reducing allergy and asthma symptoms and others. It is available for commercial, industrial, institutional buildings, and shopping complex and others. Changing climatic conditions and increase in ailments such as sinusitis, asthma, other allergies and benefits of ultrasonic air humidifiers such as silent operation and low maintenance are some of the major drivers which are propelling the growth of the market. It is expected to expand at a CAGR of 5.2% from 2018 to 2026
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Armstrong International, Inc. (United Kingdom), Carel INDUSTRIES S.p.A., (Italy), Condair Group AG (Switzerland), Coway Co., Ltd., (South Korea), Honeywell International Inc., (United States), Koninklijke Philips N.V., (Netherlands), Mitsubishi Heavy Industries, Ltd. (Japan), Munters (Sweden) and Skuttle Indoor Air Quality Products (United States.) |
CAGR | % |
Air Humidifier market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Air Humidifier market throughout the predicted period.
Armstrong International, Inc. (United Kingdom), Carel INDUSTRIES S.p.A., (Italy), Condair Group AG (Switzerland), Coway Co., Ltd., (South Korea), Honeywell International Inc., (United States), Koninklijke Philips N.V., (Netherlands), Mitsubishi Heavy Industries, Ltd. (Japan), Munters (Sweden) and Skuttle Indoor Air Quality Products (United States.) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are United Technologies Corp. (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 Air Humidifier market by Type , by Application (Commercial, Residential and Industrial) and Region with country level break-up.
On the basis of geography, the market of Air Humidifier 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 2022.
Market Leaders and their expansionary development strategies
On February 2014, Armstrong International (United Kingdom) Company had acquired Veris Incorporated (Washington) which helped the company to expand intelligent system solutions portfolio with Veris Industries (Australia) presently more than 36 countries. This strategy has helped in the expansion of the company worldwide.
On March 2018, the Honeywell International Inc. (United States) had launched product offering control for white dust and removes pollen, smoke, and bacteria. This would help in enhancing the customer base of the company. and On 2015, Stadler Rail AG (Switzerland) Company had Form made technological improvements in order to its Oskar product offering. This updated model has offered a reminder indicator which signals the need for filter change. This would help in increasing the customer base and expansion of the company in the future.
Influencing Trend:
Technology Advancement of the Air Humidifier
Market Growth Drivers:
Supportive Government Standards and Regulations towards Air Humidifier, Surge in Disposable Income and Increase in Awareness and Rapid industrialization and Rise in concerns about unhealthy air quality at workplaces
Challenges:
Lack of Sufficient Humidity Levels
Restraints:
High Cost of Maintenance as well as Side Effects of White Dust Generated
Opportunities:
Rising Demand from Emerging Economics such as India, China and others
Key Target Audience
Manufacturers of Air Humidifiers, Suppliers of Air Humidifiers, Wholesalers, Distributors and Retailers of Air Humidifiers, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others