Press release
Air Humidifier Market Growth Projections and Trend Research to 2024 | Procter & Gamble, Honeywell, CAREL, Carrier Corporation, Philips
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.
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.
Air Humidifier Market by product
1. Portable
2. Whole House
Air Humidifier Market by application
1. Residential
2. Commercial/Industrial
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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.
Silent operation along with less maintenance are the prime factors driving ultrasonic air humidifier industry growth. Whole house systems offer compatibility with the air duct systems and superior humidification depending upon the commercial coverage area. In addition, reduced maintenance expenditure along with efficient power consumption offered by these systems will further support the business growth.
Few notable industry players for air humidifier market includes:
1. Carel Industries
2. Armstrong International
3. Carrier Corporation
4. Boneco
5. DriSteem
6. Neptronic
7. Philips
8. Honeywell
9. Vornado Air, LLC
10. Procter & Gamble
11. Stadler Foam
12. Nortec Humidity
13. 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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