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Rising Disease Prevalence Spurs Demand For Humidifying Equipment As A Solution For Health-Related Ailments: Strengthening the Growth Trajectory of the Humidifying Equipment Market
Humidifying Equipment
What Is the Expected CAGR for the Humidifying Equipment Market Through 2025?
There has been consistent growth in the market size of humidifying equipment over the recent years. The market is predicted to increase from a value of $4.05 billion in 2024 to about $4.19 billion in 2025, showcasing a compound annual growth rate (CAGR) of 3.5%. Factors contributing to the growth during the historic period include concerns regarding indoor air quality (iaq), the healthcare industry, and industrial applications.
What's the Projected Size of the Global Humidifying Equipment Market by 2029?
The market size for humidifying equipment is projected to experience consistent expansion in the forthcoming years. The projected value is set to reach $4.58 billion by 2029 with a compound annual growth rate (CAGR) of 2.2%. Factors contributing to its growth during the forecast period include energy efficiency, climate change, weather patterns, and the residential market. The period also foresees significant trends such as smart and IoT integration, hybrid systems, and customization and scalability.
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Top Growth Drivers in the Humidifying Equipment Industry: What's Accelerating the Market?
The rising incidences of diseases such as asthma, sinusitis, and allergies, often linked to dry air, have been a wake-up call for consumers to manage specific humidity levels by recourse to humidifying equipment. To illustrate, the AAFA 2022 Allergy Capitals Report March 2022, put out by Asthma and Allergy Foundation of America, confirms that seasonal allergic rhinitis - also widely known as 'hay fever' - ranks among the most widespread allergic conditions. Roughly 7.7% of adults and 7.2% of children in the US have been diagnosed with this condition. Therefore, the escalation in diseases linked to dry air like asthma, sinusitis, and other allergies presages a burgeoning demand for humidifying equipment.
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What Trends Will Shape the Humidifying Equipment Market Through 2029 and Beyond?
Notable entities in the humidification equipment market are concentrating on the creation of new and creative products, like heated humidification, to amplify comfort and assist respiratory function during home mechanical ventilation. The heated humidification method applies heat to amplify water vapor temperature, effectively improving its capacity to introduce moisture to the air. For example, in August 2024, New Zealand's medical device company, Fisher & Paykel Healthcare, unveiled the F&P my820 System designed for home mechanical ventilation. This state-of-the-art respiratory humidifier enriches home mechanical ventilation by offering heated humidification for both intrusive and nonintrusive therapies, serving adults and children. Its groundbreaking inbuilt sensor automatically readjusts to any alterations in environmental temperatures, ensuring excellent performance even under varying conditions. Moreover, this technology condenses circuit condensate and curtails device-wire disorder, making the setup procedure less complicated for users.
What Are the Main Segments in the Humidifying Equipment Market?
The humidifying equipment market covered in this report is segmented -
1) By Type: Warm-Mist Humidifier, Cool-Mist Humidifier, Ultrasonic Humidifier, Evaporative Humidifier
2) By Application: Commercial, Industrial, Residential
3) By Distribution Channel: Multi-Brand Stores, Exclusive Stores, Online, Other Distribution Channels
Subsegments:
1) By Warm-Mist Humidifier: Steam Vaporizers, Evaporative Warm-Mist Humidifiers
2) By Cool-Mist Humidifier: Ultrasonic Cool-Mist Humidifiers, Evaporative Cool-Mist Humidifiers, Impeller Humidifiers
3) By Ultrasonic Humidifier: Cool-Mist Ultrasonic Humidifiers, Warm-Mist Ultrasonic Humidifiers
4) By Evaporative Humidifier: Wick-type Evaporative Humidifiers, Fan-assisted Evaporative Humidifiers
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Which Top Companies are Driving Growth in the Humidifying Equipment Market?
Major companies operating in the humidifying equipment market include Armstrong International Limited, Boneco AG, Carel Industries S.p.A., Crane Co., Condair Group AG, Honeywell International Inc., DriSteem Corporation, Koninklijke Philips N.V., Dyson Ltd, Winix Inc., Guardian Technologies LLC, Carrier Corporation, Levoit Technologies LLC, HoMedics LLC, Richardson-Vicks Inc., Elechomes US Inc., Smartmi International Ltd., Vitruvi US Corp., TruSens LLC, Lasko Products LLC, Sunvalley Group LLC, Aircare Technologies India Pvt. Ltd., Air Innovations LLC, CVS Health Corporation, Essick Air Products Inc., Hunter Douglas N.V., Sprout Social Inc., Stadler Form Aktiengesellschaft, Vornado Realty Trust, Magic Technology Co. Ltd., Hey Dewy Inc.
Which Regions Will Dominate the Humidifying Equipment Market Through 2029?
The Asia-Pacific was the largest region in the humidifying equipment market in 2023. North America was the second largest region in the humidifying equipment market. The regions covered in the humidifying equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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