The air humidifier market grows at a CAGR of 4.5% to exceed $ 2.8 billion by 2024

May 14, 2021 by No Comments

According to a new research report from Global Market Insights, Inc., the size of the air humidifier market is estimated to exceed $ 2.8 billion by 2024.

The proliferation of disposable income coupled with rising living standards are the key drivers for the growth of the market. Improving comfort level requirements in the residential segment will improve product penetration. The industry is expected to experience high demand during the winter season, especially in the colder geographic region due to increased chapped lips and skin, sore eyes in the nasal passages, dry throat and nasal congestion.

Health awareness and changing weather conditions will drive the size of the commercial and residential market. In addition, these devices are expected to reduce the risk of respiratory diseases and are directly proportional to the level of comfort perceived by customers. The superior office atmosphere and sanitation offered by these systems will have a positive impact on the size of the air humidifier market.

The commercial and industrial market is estimated to exceed $ 1.5 billion by 2024. Rapid adoption of these devices in many industries, including manufacturing, hospitals, operating rooms, and process data centers, is projected to justify the outlook. growth through 2024. The residential sector accounted for more than 87% of the overall air humidifier market volume share in 2017 and is projected to continue to dominate from 2018 to 2024.

Portable humidifiers market share accounted for more than 90% of volume in 2017 and is projected to continue to dominate over the forecast period. The convenience, cost competitiveness, and ease of installation offered by these devices are key factors anticipated to drive demand for the next seven years. The warm fog segment accounted for around 20% of the revenue share in 2017.

The North American market will see growth of around 3% during the forecast period due to increased consumer awareness through government and regulatory bodies such as USEPA and ASHRAE. Strong purchasing power coupled with cold weather conditions in the region will drive the growth of the air humidifier market in Europe. Asia Pacific will register rapid growth due to increased public spending and increased consumer awareness.

Explore the Key Industry Statistics Report, “Air Humidifiers Market Size by Product (Portable {Ultrasonic, Cold Mist, Warm Mist}, Whole House {Bypass, Fan Powered, Steam}), by Application (Residential , Commercial / Industrial), Industry Analysis Report, Regional Insights (US, Canada, Germany, UK, France, Italy, Russia, Netherlands, Spain, Turkey, Sweden, China, Japan, India, Korea South, Indonesia, Australia, Vietnam, Thailand, Malaysia, Brazil, Mexico, Argentina, Saudi Arabia, United Arab Emirates, South Africa), growth potential, price trends, competitive market share and forecast, 2018 – 2024 “

https://www.gminsights.com/industry-analysis/air-humidifier-market

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