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 Bn in 2017 and is expected to witness a notable growth, expanding at a CAGR of 4.2% during the forecast period from 2018 to 2026. Humidifiers are mainly used to control the 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. With the consistently degrading air quality, they are shifting towards humidifiers for treating air. As a result, growing health awareness coupled with changing weather conditions are the major factors facilitating the growth of humidifiers market worldwide.

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

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

"Cool-mist Humidifiers accounted for the Largest Market Share in 2017"

In 2017, cool-mist humidifiers accounted for largest market share in the global humidifiers 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 wick filter. Cool-mist humidifier are safer compared to warm-mist humidifier as there is no heating coil to evaporate water to generate humidity and have considerably less consumption of electricity. Furthermore, cool-mist humidifier are cost effective medium to increase relative humidity in an enclosure with comparatively less complex and inexpensive maintenance.         

"North America Garnered 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 accredited to the growing awareness among consumers about the importance of maintaining adequate humidity levels. Moreover, the presence of government organizations including United States Environmental Protection Agency (USEPA) and American Society of Heating, Refrigeration and Air-conditioning Engineers (ASHRAE) is increasing and promoting the awareness towards usage of humidifiers in the region, thereby accelerating the product demand.

Competitive Insights

Humidifiers manufacturers are adopting strategies like new product development and partnerships to cater the needs of their customers and gain competitive advantage other players. The major players in the humidifiers market include 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., Bryant Heating & Cooling Systems, LG Electronics, GE Appliances, and Heaven Fresh USA Inc. among others.

Historical & Forecast Period

The research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

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 global humidifiers market based on product type, size, end-user and geography. Key segments covered in the report are as follows:

Key questions answered in this report

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