Humidifier Market Insight
The global humidifier market is projected to grow at the rate of 6.4% during the forecast period 2018 to 2023. Increasing consumer inclination towards better air quality in home is expected to play major role to drive the market growth, especially in developed economies. Humidifier are becoming essential appliances in many industries where maintaining the particular level of moisture is very important. For instance, in healthcare industry, hospitals focusing to increase the comfort level for the patient with help of various medical ventilators are being used that usually includes humidifiers. Introduction of latest technologies such as auto shutdown and humidity level controller by key players and the development of the concept of remote controlling system through the smartphones is likely to play major role in humidifier market growth during the forecast period.
Growing Demand of humidifier for Industrial Purpose to drive the humidifier Market Growth
Growing demand of humidifier from industrial and commercial sectors to retain humidity level is driving the market growth as humidifier helps to control the level of humidity in air by adding moisture to excessively dry air. Moreover, humidifier are gaining popularity as household appliance which are also used to remove maintain moisture level in the air. Normally, large humidifiers are used in commercial purpose, such as supermarkets and shopping malls, to maintain proper humidity level. Additionally, growing concern over static electricity in textile, printing, and automotive industries is driving the demand of humidifiers for industrial application. It is a very effective way to eliminate the build-up of static electricity in manufacturing environments as it helps to keep the humidity at 55%RH. Moreover, growing demand of industrial ultrasonic humidifier for indoor planting such as warehouses and greenhouses, especially in the cold regions, is likely to support the market growth during the forecast period.
Ultrasonic humidifier to Witness Fastest Growth Rate during the Forecast Period
Increasing consumer awareness about side effects of bad indoor air quality on health is influencing the sales of humidifiers for residential application. Ultrasonic humidifiers are affordable and more energy-efficient compare to other types of humidifier which is encouraging consumer to buy ultrasonic humidifier especially for residential application. Due to, rise in exposure to airborne pollutants and irritants with each breath, the number of individuals suffering from air borne diseases surged over the years which is driving the demand of humidifier from commercial sector. Growing demand of portable warm-mist humidifier for residential application is likely to boost the sales; a portable humidifier consumes less energy compare to an air conditioner. Market is likely to witness innovation in humidifiers as key players are more focusing on product innovation and operating technology. For instance, Air Innovation, a Florida based humidifier manufacturer developed the humidifier with large water tank capacity and included features such as digital controlled humidification to achieve humidity level automatically.
Asia-Pacific Region to Witness Significant Growth for Humidifier Market during Forecast Period
In Asia-Pacific region, growing inclination for adoption of humidifiers in various end-user industries, especially in the textile and healthcare for proper maintenance of humidification to assure clean and hygienic environment is driving the growth of Asia-Pacific region humidifier market. In North America, industrial ultrasonic humidifier market is likely to influence by rising demand from the residential application and healthcare sectors. Additionally, standardization of air quality by the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) is further encouraging industrial humidifier demand in the region. Europe is likely to hold significant market share in humidifier market owning to colder climate and increasing consumer awareness in the region. Humidifier market in Middle East and Africa is mainly driven by growing commercial construction and growth in healthcare industry.
Key Developments in the Humidifier Market
- Jun 2017: Dyson Ltd expanded its operations in the Philippines by investing USD 20 million. Company is planning to double its production capacity in the Philippines till 2018.
- Feb 2018: - Xiaomi launched humidifier though the sub brand “Smartmi’. This product is operates by the ultrasonic emitter that produces the steam nebulizing the water. It is recommended the use of an osmotic type that does not create annoying remains of white powder derived from the materials present in the water.
Competitive Landscape of Humidifier Market
Humidifier Market Major Key Players are 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
Reasons to Purchase this Humidifier Market Research Report
- Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
- Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
- Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- 3-month analyst supports, along with the Market Estimates sheet in excel
Customization of the Humidifier Market Research Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
1.1 Scope of Study
1.2 Study Deliverables
1.3 Study Assumptions
1.4 Research Phases
2. HUMIDIFIER MARKET INSIGHTS
2.1 Market Overview
2.2 Market Trends
2.3 Industry Attractiveness – Porter’s Five Forces Analysis
2.3.1 Bargaining Power of Suppliers
2.3.2 Bargaining Power of Consumers
2.3.3 Threat of New Entrants
2.3.4 Threat of Substitute Products and Services
2.3.5 Degree of Competition
3. HUMIDIFIER MARKET DYNAMICS
4. HUMIDIFIER MARKET SEGMENTATION
4.1 Product Type
4.1.1 Warm-mist humidifier
4.1.2 Ultrasonic humidifiers
4.1.3 Cool-mist humidifiers
4.3 Distribution Channel
4.3.1 Offline retail stores
4.3.2 Online retail stores
5. HUMIDIFIER MARKET BY GEOGRAPHY
5.1 North America Humidifier Market Research (2018-2023)
5.1.1 US Humidifier Market Research (2018-2023)
5.1.2 Canada Humidifier Market Research (2018-2023)
5.1.3 Mexico Humidifier Market Research (2018-2023)
5.1.4 Rest of North America
5.2 Europe Humidifier Market Research (2018-2023)
5.2.1 Spain Humidifier Market Research (2018-2023)
5.2.2 UK Humidifier Market Research (2018-2023)
5.2.3 Germany Humidifier Market Research (2018-2023)
5.2.4 France Humidifier Market Research (2018-2023)
5.2.5 Italy Humidifier Market Research (2018-2023)
5.2.6 Russia Humidifier Market Research (2018-2023)
5.2.7 Rest of Europe
5.3 Asia-Pacific Humidifier Market Size (2018-2023)
5.3.1 China Humidifier Market Size (2018-2023)
5.3.2 Japan Humidifier Market Size (2018-2023)
5.3.3 India Humidifier Market Size (2018-2023)
5.3.4 Australia Humidifier Market Size (2018-2023)
5.3.5 Rest of Asia-Pacific Humidifier Market Size (2018-2023)
5.4 South America Humidifier Market Size (2018-2023)
5.4.1 Brazil Humidifier Market Size (2018-2023)
5.4.2 Argentina Humidifier Market Size (2018-2023)
5.4.3 Rest of South America Humidifier Market Size (2018-2023)
5.5 Middle East & Africa Humidifier Market Size (2018-2023)
5.5.1 South Africa Humidifier Market Size (2018-2023)
5.5.2 Saudi Arabia Humidifier Market Size (2018-2023)
5.5.3 Rest of Middle East & Africa Humidifier Market Size (2018-2023)
6. HUMIDIFIER MARKET COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
7. COMPANY PROFILES
7.1 Honeywell International Inc.
7.2 Newell Brands
7.3 Procter & Gamble Co.
7.5 Condair Group AG
7.6 CAREL INDUSTRIES S.p.A.
7.7 Dyson Ltd
7.8 Humidifirst, Inc.
7.9 Crane USA
7.10 De'Longhi Appliances S.r.l
7.11 Heaven Fresh USA Inc.
7.12 UCAN CO., LTD