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Air Humidifiers Market Report 2024 - Air Humidifiers Market Size, Trends, And Segments
Air Humidifiers Market
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According to The Business Research Company's, The air humidifiers market size has grown strongly in recent years. It will grow from $3.43 billion in 2023 to $3.66 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to awareness of health benefits of proper humidification, rise in concerns about indoor air quality, increased incidence of respiratory disorders and allergies, growth in commercial and industrial applications (e.g., healthcare, hospitality), change in climate patterns and weather conditions.
The air humidifiers market size is expected to see strong growth in the next few years. It will grow to $4.7 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to consumer demand for smart and connected home devices, aging population and increased focus on senior care facilities, adoption of humidification in green building standards. Major trends in the forecast period include .
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Market Drivers and Trends:
Rising health awareness among consumers across the globe is driving the growth of the air humidifiers market. The population's level of health consciousness has an impact on industry demand. Humidifiers can reduce the spread of germs, prevent dry skin, relieve allergy and asthma symptoms, loosen congestion and others. For instance, according to the Australian Bureau of Statistics, the independent statutory agency of the Australian Government, in comparison to 2020-21, more people used health services in 2021-2022. People visited a GP (general practitioner) (83.6% versus 82.4%), visited a dentist (49.4% as opposed to 47.9%), visited a doctor (38.9% as opposed to 37.4%), and visited an emergency department (ED) at a hospital (14.8% as opposed to 13.4%) . Therefore, demand for air humidifiers will rise as the prevalence of rising health awareness among consumers across the globe rises.
The high focus of manufacturers on the development of advanced air humidifiers is a key trend gaining popularity in the air humidifiers market. Many HVAC products are available in the market that can significantly improve indoor comfort. Humidity levels that just right increase air quality and make it easier to breathe. For instance, in September 2023, Smartmi, a China-based pioneer of home appliance consumption upgrades, launched its transformative new Evaporative Humidifier 3, engineered to elevate air quality and convenience through category-redefining design effortlessly. With mist-free natural humidification, a large 5L tank, 350ml/h humidity output, smart controls, and ultra-quiet operation, the Smartmi Evaporative Humidifier 3 solves dry air problems like respiratory irritation, allergies, germ growth, and more.
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Major Key Players of the Market:
Arel Industries S.p.A., Armstrong International Inc., Boneco AG, Carel Industries S.p.A., Condair Group, Coway Co. Ltd., Crane USA Inc., DriSteem, Dyson Appliances Ltd., Heaven Fresh Inc., Honeywell International Inc., HygroMatik GmbH, IKEUCHI EUROPE B.V., Koninklijke Philips N.V., Munters Group AB, Newell Brands Inc., Procter & Gamble, Bear Down Brands LLC, PURE Humidifier Co., Stulz Gmbh, UCAN Co. Ltd., Venta Air Technologies, Wetmaster Co. Ltd., Xiaomi Inc.
Air Humidifiers Market 2024 Key Insights:
• The air humidifiers market size is expected to see strong growth in the next few years. It will grow to $4.7 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
• Rising Health Awareness Drives Growth Of Air Humidifiers Market
• Focus On Advanced Air Humidifiers To Improve Indoor Comfort And Air Quality
• North America was the largest region in the air humidifiers market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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