Humidifying Equipment Market 2021 Analysis by Top Manufacturers: Armstrong International, Boneco, Carel industries, Crane

The Global Humidifying Equipment Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborating market outlook and status (2021-2030). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Humidifying Equipment market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.

The global humidifying equipment market is expected to decline from $4.83 billion in 2020 to $4.81 billion in 2021 at a compound annual growth rate (CAGR) of -0.4%. The market declined due to stringent regulations imposed by various governments on the movement of goods and people to contain the virus, supply chain disruptions, and closure or halt in the manufacturing activities to stop the spread of coronavirus. The market is expected to reach $5.42 billion in 2025 at a CAGR of 3%.

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Top Companies in the Global Humidifying Equipment Market: Armstrong International; Boneco; Carel industries; Crane; Condair Group; Honeywell international; Dristeem; Koninklijke philips N.V; Dyson ltd; Winix Inc.; Guardian Technologies; Carrier Corporation

Inudtry Updates:

In August 2018, Condair Group AG, a Switzerland-based manufacturer of commercial and industrial humidification and evaporative cooling products and systems acquired Aireven Pty Ltd in Australia for an undisclosed amount. The acquisition of Aireven Pty Ltd in Australia maintains the strategic integration of Condair Group AG into the Asia Pacific and is also aimed at strengthening the companys position in the global humidification and evaporative cooling business.

For instance, in July 2019, Xiaomi launched a new portable MIJIA Smart Sterilization Humidifier with UV-C water sterilization and smart humidifiers for offices and homes. It has a smart constant humidity function that monitors indoor humidity in real-time.

Market Overview:

The humidifying equipment market consists of sales of humidifying equipment by entities (organizations, sole traders, and partnerships) that produce humidifying equipment which are used to increase the relative humidity of a room to ensure that the dry space has enough moisture for the comfort of the occupants. Only goods and services traded between entities or sold to end consumers are included.

The humidifying equipment market covered in the report is segmented by type into warm-mist humidifier, cool-mist humidifier, ultrasonic humidifier, evaporative humidifier; by distribution channel into multi-brand stores, exclusive stores, online, other distribution channels; by application into commercial, industrial, residential.

The high cost for installation and maintenance of humidifying equipment is a major factor restraining the growth of the global humidifying equipment market. Central humidifier work by increasing the relative humidity consistently and comes in several different sizes, types, and installation style that impacts the overall cost. For instance, the average cost of installing a central humidifier is between $600 and $1,000. The minimum cost for installing a basic humidifier is around $487, while the maximum cost around $1,532 for a steam humidifier. Therefore, the high cost for installation and maintenance of humidifying equipment is predicted to restrains the market growth.

Segmentation:

Markets Covered: 1) By Type: Warm-Mist Humidifier; Cool-Mist Humidifier; Ultrasonic Humidifier; Evaporative Humidifier
2) By Distribution Channel: Multi-Brand Stores; Exclusive Stores; Online; Other Distribution Channels
3) By Application: Commercial; Industrial; Residential

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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