A detailed overview of Air Humidifier market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Air Humidifier market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.
Industrial & commercial air humidifier market is anticipated to surpass USD 1.5 billion by 2024. Shifting trends towards its usage mainly in hospitals, manufacturing, operation theaters and process data centers will fuel market growth. In 2017, residential segment dominated the industry volume share accounting over 87% and is anticipated to continue its dominance over the forecast timeframe.
Ability of the product offering superior humidification, reducing risk of causing and aggravating heath issues and low static electricity are among key features likely to increase its demand from operation theaters, process data centers, hospitals and manufacturing industries. Moreover, ease in product usage along with effortless installation process, particularly for portable humidifier will escalate air humidifier market growth.
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Increasing disposable income in conjunction with boosting standard of living are the prime factors for air humidifier market from 2018 to 2024. High demand for comfort level in residential sector is among the key factor for increasing product growth. Rising health awareness and changing weather conditions will drive commercial and residential air humidifier market growth. Usage of these devices reduces risk of respiratory illness and are proportionate to the level of comfort perceived by customers. Positive, work friendly and clean atmosphere offered by the product will induce positive impact on the industry demand over the forecast timeline.
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Positive application in healthcare, maintaining optimum humidity level, offering prevention from dryness and respiratory diseases among the patients. Moreover, the product is widely implemented in printing and paper manufacturing industry reducing the chances of paper damage from shrinking and paper curling.
High maintenance required for proper operation and avoiding health concerns may hinder air humidifier market. Humidifiers may result in bacteria growth with presence of moisture on walls, upholstery and ceilings. Molds increases the health issues owing to presence of harmful organism including fungi, germs and bacteria. In addition, costly replacement parts of the product including filters, tray, water tank and mat may affect the industry growth. Though, usage centralized systems with low maintenance, operational cost and using distilled water will reduce chances of bacterial growth.
Dry atmospheric conditions tend to reduce the operating efficiency of the production equipment and other electronic devices. Explosive manufacturing industry will witness noticeable demand owing to presence of dry environment & static electric may result in operational hazards.
Portable air humidifier market dominated the industry volume share accounting at over 90% in 2017. The dominance can be credited to ease in installation, cost competitiveness, and convenience offered by these devices. Warm mist portable humidifier contributed around 20% of overall revenue generation in 2017.
Silent operation along with less maintenance are the prime factors driving ultrasonic air humidifier industry growth. Whole house systems offer compatibility with the air duct systems and superior humidification depending upon the commercial coverage area. In addition, reduced maintenance expenditure along with efficient power consumption offered by these systems will further support the business growth.
North America air humidifier market was valued at USD 700 million in 2017 and is estimated to witness around 3% CAGR over the forecast timeframe. The dominance can be attributed to high consumer awareness, vast presence of manufacturers and product promotion from regulatory bodies including ASHRAE and USEPA. Strong purchasing power in conjunction with cold climatic region will further fuel the market growth. Asia Pacific will witness strong growth owing to rising awareness and spending in the region.
Few notable industry players for air humidifier market includes Carel Industries, Armstrong International, Carrier, Boneco and Dristeem. Other key participants include Neptronic, Philips, Honeywell, Vornado, P&G, Stadler Foam, Nortec Humidity and Winix. Strong investment in R&D enhancing the product portfolio and merger & acquisition are among key strategies adopted by manufacturers improving their market share.
Major Highlights from Table of contents are listed below for quick lookup into Air Humidifier Market report
Chapter 1. Methodology and Scope
- Definitions & forecast parameters
- Methodology and forecast parameters
Chapter 2. Executive Summary
- Business trends of Air Humidifier Market
Chapter 3. Air Humidifier Industry Insights
- Air Humidifier Market Industry segmentation
- Analysis of Manufacturers in the Air Humidifier industry
- Distribution channel analysis
- Air Humidifier Market Technology & innovation landscape
- Air Humidifier Market Growth drivers
- Industry pitfalls & challenges
Chapter 4. Company Profiles
- Business Overview of Air Humidifier Market Companies
- Strategic Outlook and Decisive Analysis of companies in Air Humidifier Market
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