Humidifiers Market By Product Type (Warm-mist Humidifiers, Cool-mist Humidifiers, Ultrasonic Humidifiers, Evaporative Humidifiers), By Size (Central Humidifiers, Console Humidifiers, Portable Humidifiers), By End-user (Residential, Commercial, Industrial) - Growth, Future Prospects, And Competitive Analysis, 2018 - 2026

The global humidifiers market was valued at US$ 2.03 billion in 2017 and is expected to grow significantly, expanding at a CAGR of 4.2% from 2018 to 2026. Humidifiers are mainly used to control humidity levels and increase the amount of water vapor in the atmosphere. These days, people are becoming more aware of the unsafe influence of pollutants. Because of the consistently deteriorating air quality, they are turning to humidifiers to treat the air. As a result, growing health awareness coupled with changing weather conditions are the major factors facilitating the growth of the humidifier market worldwide.

Humidifiers are used across various industrial, commercial, and residential applications to regulate humidity levels and increase moisture. Growing demand for humidifiers from these sectors to retain humidity levels is expected to fuel market growth in the years to come. Relative humidity of 30-50% is recommended for good health. This is sometimes challenging in extreme conditions such as dry heat or too much moisture. A drop in humidity from 10% to 20% can cause respiratory distress, irritation of the nose and throat lining, dry skin, cracked lips, and a dry cough. Due to this, there has been an increased demand for humidifiers worldwide, thereby driving the market's growth.

The growing requirement to maintain enhanced surrounding quality in commercial buildings, including malls, offices, etc., is projected to facilitate product demand in the years to come. Moreover, advancements in technology are expected to enhance and provide lucrative opportunities to the humidifiers market during the forecast period from 2018 to 2026.

Market Snapshot

Cool-mist humidifiers accounted for the largest market share in 2017.

In 2017, cool-mist humidifiers accounted for the largest market share in the global humidifier market. Cool-mist humidifiers are structured to disperse mist at room temperature or even lower than room temperature. The cool-mist humidifiers are equipped with a fan and a wick filter. Cool-mist humidifiers are safer than warm-mist humidifiers because there is no heating coil to evaporate water to generate humidity, and they use significantly less electricity. Furthermore, cool-mist humidifiers are a cost-effective way to increase the relative humidity in an enclosure with comparatively less complex and inexpensive maintenance.

North America garnered the largest market share in 2017.

The global humidifiers market, based on geography, was led by North America in 2017 and is likely to remain dominant throughout the forecast period from 2018 to 2026. The growth of this region is mainly attributed to the growing awareness among consumers about the importance of maintaining adequate humidity levels. Moreover, the presence of government organizations, including the United States Environmental Protection Agency (USEPA) and the American Society of Heating, Refrigeration, and Air-conditioning Engineers (ASHRAE), is increasing and promoting awareness towards the usage of humidifiers in the region, thereby accelerating the product demand.

Competitive Insights

Humidifier manufacturers are adopting strategies like new product development and partnerships to cater to the needs of their customers and gain a competitive advantage over other players. Boneco AG, Carel Industries S.p.A., Armstrong International Inc., Carrier Corporation, DriSteem, Condair Group, Procter & Gamble, Honeywell International, Inc., National Environmental Products Ltd., Koninklijke Philips N.V., Vornado Air, LLC, Stadler Form Aktiengesellschaft, Winix Inc., Crane, De'Longhi Appliances S.r.l., Dyson Ltd., De'Longhi

Periods of History and Forecast

The research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The humidifiers market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global humidifier market based on product type, size, end-user, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the size of the humidifier market in 2017, and what are the projections for 2026?
  • What are the key factors driving the global humidifier market?
  • What are the key market trends and high-growth opportunities observed in the humidifier market?
  • What are the drivers of the humidifier market?
  • Which is the largest regional market for humidifiers?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market's growth? Why?
  • Which players are leading the humidifier market?
  • What are the sustainability strategies adopted by the key players operating in the market?

Frequently Asked Questions:

The market for Humidifiers is expected to reach US$ 2.03 Bn in 2026.

The Humidifiers market is expected to see significant CAGR growth over the coming years, at 4.2%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

BONECO AG,CAREL INDUSTRIES S.p.A.,Armstrong International Inc.,Carrier Corporation,DriSteem are some of the major players in the global market.

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Published Date:  Jan 2019
Category:  Technology & Media
Report ID:   59554
Report Format:   PDF
Pages:   120
Rating:    4.2 (69)
Delivery Time: 24 Hours to 48 Hours   
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