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Air Humidifier Market Regional Revenue 2019 - 2024 By Global Players: Boneco, Carel Industries, Armstrong International, Carrier and DriSteem
Air Humidifier Market
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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.
Air Humidifier Market by product
• Portable
• Whole House
Air Humidifier Market by application
• Residential
• Commercial/Industrial
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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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 Corporation
• Boneco
• DriSteem
• Neptronic
• Philips
• Honeywell
• Vornado Air, LLC
• Procter & Gamble
• Stadler Foam
• Nortec Humidity
• Winix America Inc.
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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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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