Air Humidifier Market Forecasts | 2.8 Billion-Dollar Mark by 2024, 250 pages report

Global Market Insights, Inc. has recently added a new report on air humidifier market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of air humidifier industry.

Selbyville, United States - July 22, 2019 /MarketersMedia/ —

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. 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.

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Increasing disposable income in conjunction with boosting standard of living are the prime factors for air humidifier market from 2018 to 2024. High demand for comfort level in residential sector is among the key factor for increasing product growth.

Rising health awareness and changing weather conditions will drive commercial and residential air humidifier market growth. Usage of these devices reduces risk of respiratory illness and are proportionate to the level of comfort perceived by customers. Positive, work friendly and clean atmosphere offered by the product will induce positive impact on the industry demand over the forecast timeline.

Browse key industry insights spread across 250 pages with 459 market data tables & 9 figures & charts from the 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” in detail along with the table of contents:

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

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.

Ability of the product offering superior humidification, reducing risk of causing and aggravating heath issues and low static electricity are among key features likely to increase its demand from operation theaters, process data centers, hospitals and manufacturing industries. Moreover, ease in product usage along with effortless installation process, particularly for portable humidifier will escalate air humidifier market growth.

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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.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights
Phone: 1-302-846-7766
Website: https://www.gminsights.com/industry-analysis/air-humidifier-market

Source URL: https://marketersmedia.com/air-humidifier-market-forecasts-28-billion-dollar-mark-by-2024-250-pages-report/88899766

Source: MarketersMedia

Release ID: 88899766

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