Air Humidifier Market Growing At 4.5% CAGR To Cross USD 2.8 Billion By 2024

Air Humidifier Market Growing At 4.5% CAGR To Cross USD 2.8 Billion By 2024

According to a new research report by Global Market Insights, Inc. Air Humidifier Market size is estimated to surpass USD 2.8 billion by 2024.

Proliferating disposable income along with increasing living standards are the key factors for market growth. Improving comfort level requirement in residential segment will improve the product penetration. The industry is projected to experience high demands during winter season particularly from colder geographical region owing to increased chapped lips & skin, sinus passages sore eyes, dry throat, and sinus congestion.

Health awareness and changing weather conditions will drive commercial and residential market size. In addition, these devices are anticipated to reduce the risk of respiratory illnesses and are directly proportional to the level of comfort perceived by customers. Superior office atmosphere and sanitization offered by these systems will positively impact air humidifier market size.

Commercial & industrial market is estimated to exceed USD 1.5 billion by 2024. Swift adoption of these devices in numerous sectors such as manufacturing, hospitals, operation theaters and process data centers is anticipated to justify growth prospects till 2024. Residential sector accounted for over 87% of the overall air humidifier market volume share in 2017 and is forecast to continue its dominance from 2018 to 2024.

Portable humidifier market share accounted over 90% volume in 2017 and is forecast to continue its dominance over the forecast period. Convenience, cost competitiveness and easy installation, offered by these devices are the key factors anticipated to fuel demand over the next seven years. Warm-mist segment accounted for around 20% of the revenue share in 2017.

North America market will register growth at around 3% during the forecast period owing to increased consumer awareness through government and regulatory bodies such as USEPA and ASHRAE. Strong purchasing power along with cold climatic conditions in the region will propel air humidifier market growth in Europe. Asia Pacific will register rapid growth owing to increase in public spending and rising awareness among the consumers.

Browse key industry insights report, “Air Humidifier Market Size By Product (Portable {Ultrasonic, Cool Mist, Warm Mist}, Whole House {Bypass, Fan-powered, Steam}), By Application (Residential, Commercial/Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, Netherlands, Spain, Turkey, Sweden, China, Japan, India, South Korea, Indonesia, Australia, Vietnam, Thailand, Malaysia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024”

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

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