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Humidifying Equipment Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Humidifying Equipment Market
The Business Research Company's Humidifying Equipment Global Market Report 2023 identifies increase in the prevalence of diseases as the major driver for the humidifying equipment market's growth in the forecast period. For instance, according to the world health organization, asthma report 2021, the number of people affected by asthma was 262 million people in 2019 and the deaths are 461000 deaths. Humidifying equipment releases steam or water vapor into the air to increase humidity and help individuals avoid issues faced with dry air. Hence, the increasing prevalence of diseases such as asthma, sinusitis, and other allergies to dry air is projected to generate higher demand for humidifying equipment.
The global humidifying equipment market size will grow from $4.54 billion in 2022 to $4.57 billion in 2023 at a compound annual growth rate (CAGR) of 0.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global humidifying equipment market size is expected to grow to $4.9 billion in 2027 at a CAGR of 1.8%.
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Major competitors in the humidifying equipment market are Armstrong International, BoneCo., Carel Industries, Crane, Condair Group, Honeywell International, Dristeem, Koninklijke Philips N.V.
A key trend in the humidifying equipment market includes product innovation. The humidifying equipment manufacturing companies are incorporating advanced technologies to introduce innovative portable smart products. 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.
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The humidifying equipment market is segmented -
• By Type: Warm-Mist Humidifier, Cool-Mist Humidifier, Ultrasonic Humidifier, Evaporative Humidifier
• By Application: Commercial, Industrial, Residential
• By Distribution Channel: Multi-Brand Stores, Exclusive Stores, Online, Other Distribution Channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the humidifying equipment market.
The Business Research Company's "Global Humidifying Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Humidifying Equipment Market Include:
1. Executive Summary
2. Humidifying Equipment Market Characteristics
3. Humidifying Equipment Market Trends And Strategies
4. Humidifying Equipment Market - Macro Economic Scenario
5. Humidifying Equipment Market Size And Growth
……
26. Africa Humidifying Equipment Market
27. Humidifying Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Humidifying Equipment Market
29. Humidifying Equipment Market Future Outlook and Potential Analysis
30. Appendix
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