Sellbyville, DE -- (SBWire) -- 11/30/2018 --Portable air humidifier market dominated the industry volume share accounting at over 90% in 2017. The dominance can be credited to ease in installation, cost competitiveness, and convenience offered by these devices. Warm mist portable humidifier contributed around 20% of overall revenue generation in 2017.
Industrial & commercial air humidifier market is anticipated to surpass USD 1.5 billion by 2024. Shifting trends towards its usage mainly in hospitals, manufacturing, operation theaters and process data centers will fuel market growth. In 2017, residential segment dominated the industry volume share accounting over 87% and is anticipated to continue its dominance over the forecast timeframe.
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Air humidifier market has experienced a remarkable pace of progression in terms of revenue streams, courtesy- the growing awareness regarding indirect health impacts of relative humidity. Experimental studies depict that the occurrence of respiratory disorders often stems from low or very high relative humidity in an indoor environment, as it has direct influence on the temperature perception.
In fact, as it is observed, the incidence of respiratory infections is comparatively lower among populace who work in an environment of mid-ranged relative humidity. The unavoidable influence of relative humidity on abundance of pathogens, noxious chemicals, and allergens suggest that indoor relative humidity level is a viable factor to be considered to maintain a healthy air quality. This in consequence, has brought an immense growth opportunity for air humidifier market giants, who have been constantly coming up with innovative products to tap the maximum of this burgeoning business sphere.
Air Humidifier Market by product
Portable
Ultrasonic
Cool Mist
Warm Mist
Whole House
Bypass
Fan-powered
Steam
Air Humidifier Market by application
Residential
Commercial/Industrial
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North America Air Humidifier Market was valued at USD 700 million in 2017 and is estimated to witness around 3% CAGR over the forecast timeframe. The dominance can be attributed to high consumer awareness, vast presence of manufacturers and product promotion from regulatory bodies including ASHRAE and USEPA. Strong purchasing power in conjunction with cold climatic region will further fuel the market growth. Asia Pacific will witness strong growth owing to rising awareness and spending in the region.
Another pivotal product vertical for which investors are highly optimistic and have been betting big is portable air humidifier market. In fact, as per reliable sources, this particular business vertical dominated the global share in terms of volume (90%) in 2017. The yesteryear dominance can be majorly credited to its extensive array of unique features like high mobility, convenience, easy installation, low energy consumption, and of course portability. Another pointer that has favored portable air humidifier expansion especially across residential sector is the relative low cost of the product when compared to its counterparts.
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Few notable industry players for air humidifier market includes Carel Industries, Armstrong International, Carrier, Boneco and Dristeem. Other key participants include Neptronic, Philips, Honeywell, Vornado, P&G, Stadler Foam, Nortec Humidity and Winix. Strong investment in R&D enhancing the product portfolio and merger & acquisition are among key strategies adopted by manufacturers improving their market share.
