Global Air Humidifier Market to See 4.5% CAGR Growth to 2024: Key Players Are Carel Industries, Armstrong International, Carrier, Boneco and Dristeem
Market Study Report adds 2018-2024 Global Air Humidifier market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.
Selbyville, DE -- (SBWire) -- 10/23/2018 --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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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.
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.
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.
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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.
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.
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.
Table of Content:
Chapter 1. Methodology And Scope
Chapter 2. Executive Summary
Chapter 3. Air Humidifier Industry Insights
Chapter 4. Air Humidifier Market, By Product
Chapter 5. Air Humidifier Market, By Application
Chapter 6. Air Humidifier Market, By Region
Chapter 7. Company Profiles
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Global Air Humidifier Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023
Air humidifiers are the equipment or a system that adds moisture and increases humidity in the air so as to retain humidity at desired levels. Condair Group, STULZ GmbH and Wetmaster captured the top three revenue share spots in the air humidifier market in 2015. Condair Group dominated 28% revenue share, followed by STULZ GmbH?with 16.6% revenue share and Wetmaster with 8.58% revenue share. As to the consumption value of air humidifier, the market in 2016 is estimated at 632.92 Million USD. Europe is the largest consumption market based on consumption value, while United States is the largest consumption market based on consumption volume.
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