Press release
Soaring Demand Set to Propel Air Humidifiers Market to $5.01 Billion by 2029
Air Humidifiers Market
What Is the Expected CAGR for the Air Humidifiers Market Through 2025?
In recent times, the air humidifiers market has seen robust growth. The market is forecasted to expand from a size of $3.63 billion in 2024 to a projected $3.86 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.3%. The factors driving this growth in the past include heightened awareness of the health advantages of adequate humidification, amplified concern over indoor air quality, a rise in the occurrence of respiratory illnesses and allergies, expansion in commercial and industrial uses such as healthcare and hospitality, and shifts in climate patterns and weather conditions.
What's the Projected Size of the Global Air Humidifiers Market by 2029?
Over the coming few years, the air humidifiers market is anticipated to experience robust growth. It is projected to reach $5.01 billion in 2029, with a compound annual growth rate (CAGR) of 6.7%. This expansion during the forecast period can be credited to the consumer's preference for intelligent and connected devices in their homes, a rising older population, and heightened attention towards senior care centers as well as the integration of humidifiers in eco-friendly building regulations. Key trends likely to emerge during this forecast period include.
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Top Growth Drivers in the Air Humidifiers Industry: What's Accelerating the Market?
The surge in health consciousness worldwide is propelling the expansion of the air humidifiers market. The health awareness of the populace influences the industry's demand. Humidifiers have multiple benefits such as reducing germ spread, preventing dry skin, alleviating allergy and asthma symptoms, and easing congestion. For example, the Australian Bureau of Statistics, an independent statutory body of the Australian Government, reported that health service usage increased in 2021-2022 compared to 2020-21. The statistics showed increased visits to a GP (from 82.4% to 83.6%), dentist visits (from 47.9% to 49.4%), doctor consultations (from 37.4% to 38.9%), and attendance at an emergency department in a hospital (from 13.4% to 14.8%). Consequently, the mounting health consciousness among consumers worldwide will foreseeably spur the demand for air humidifiers.
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What Trends Will Shape the Air Humidifiers Market Through 2029 and Beyond?
A key trend emerging in the air humidifier market is the intense focus of manufacturers on producing cutting-edge air humidifiers. Various HVAC products capable of enhancing indoor comfort significantly are obtainable in the market. Ideal humidity levels not only enhance air quality but also ease the process of breathing. For instance, in September 2023, Smartmi, a household appliance innovator based in China, unveiled its revolutionary new Evaporative Humidifier 3. Its design aims to enhance air quality and user convenience effortlessly. Features such as mist-free natural humidification, a capacious 5L tank, an output of 350ml/h, smart controls, and ultra-quiet operation, the Smartmi Evaporative Humidifier 3 is positioned to combat issues caused by dry air like respiratory discomfort, allergies, proliferation of germs, and more.
What Are the Main Segments in the Air Humidifiers Market?
The air humidifiers market covered in this report is segmented -
1) By Product: Portable Humidifier, Whole House Humidifier
2) By Distribution Channel: Online, Offline
3) By Application: Commercial, Industrial, Residential
Subsegments:
1) By Portable Humidifier: Evaporative Portable Humidifiers, Ultrasonic Portable Humidifiers, Steam Vaporizers, Impeller Humidifiers
2) By Whole House Humidifier: Steam Whole House Humidifiers, Evaporative Whole House Humidifiers, Bypass Whole House Humidifiers, Fan-Powered Whole House Humidifiers, Smart Humidifiers, Hybrid Humidifiers, Humidifier Accessories, Others
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Which Top Companies are Driving Growth in the Air Humidifiers Market?
Major companies operating in the air humidifiers market include 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.
Which Regions Will Dominate the Air Humidifiers Market Through 2029?
North America was the largest region in the air humidifiers market in 2024. The regions covered in the air humidifiers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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