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North America Air Humidifier Market 2018-2024 | Honeywell, Carrier Corporation, Dristeem, Boneco, Armstrong International, CAREL, Winix, Vornado, Philips, Neptronic.
North America Air Humidifier Market
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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.
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.
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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.
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.
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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.
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