Market Research Report
Humidifiers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
|Published by||IMARC Services Private Limited||Product code||788414|
|Published||Content info||122 Pages
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|Humidifiers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024|
|Published: February 11, 2019||Content info: 122 Pages||
The global humidifiers market was worth US$ 1.9 Billion in 2018. A humidifier refers to an electric device which is used for increasing humidity in a room or building by adding moisture in the air. It assists in averting dryness which may cause skin irritation or inflammation, and curing symptoms of common cold and flu, therefore, giving relief to individuals suffering from sinus congestion, nose bleeding and chapped lips. As a result, humidifiers are often included in medical ventilators for improving the quality of air. They are also installed in large shopping complexes, office buildings, data centers, concert halls, and museums and art galleries. Currently, there is a range of different humidifiers available in the market such as evaporators, central humidifiers, steam vaporizer, impeller humidifier and ultrasonic humidifier.
Nowadays, people are becoming aware of the harmful impact of pollutants such as dust mites, molds, and bacteria on their health. With consistently degrading air quality, they are shifting towards humidifiers for treating air. In addition to this, as static electricity build-up is an issue for compact discs, computer storage and other electronic devices, humidifiers are being employed for removing static electricity build-up and maintaining the required humidity level in several industries. Moreover, manufacturers are introducing advanced humidifiers with humidity level controllers and auto shutdown capabilities. Some of the other factors that are proactive in maintaining the market growth include rising respiratory disorders, technological advancements, rising awareness levels, etc. Looking forward, the market value is projected to exceed US$ 2.4 Billion by 2024, exhibiting a CAGR of around 4% during 2019-2024.
On the basis of product types, the market has been classified into warm-mist, ultrasonic, cool-mist and other humidifiers. At present, warm-mist humidifiers represent the most popular product type.
Based on the distribution channels, the market has been bifurcated into offline and online.
On the basis of applications, the market has been segregated into industrial, residential and commercial segments.
Region-wise, the humidifiers market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, North America enjoys the leading position in the global humidifiers market. This can be accredited to the growing awareness among consumers about the importance of maintaining adequate humidity levels.
The competitive landscape of the market has also been examined with some of the key players being Honeywell International Inc., Newell Brands, Procter & Gamble Co., BONECO, Condair Group AG, Carel Industries S.p.A., Dyson Ltd, Humidifirst, Inc., Crane USA, De'Longhi Appliances S.r.l, Heaven Fresh USA Inc. and UCAN CO., LTD.