Humidifier Market is estimated at US$ 1.85 Bn in 2022, likely to surge at a vigorous 5.8% CAGR during the assessment period 2022 – 2030. The market is reach a valuation of US$ 3.53 Bn by the end of 2030.
The market is recording surging demand for various types of humidifiers such as ultrasonic, cold mist, warm mist, and others. Innovations in humidifiers are further helping the market gain traction. Despite witnessing disruptions due to the COVID-19 outbreak, the humidifier market is anticipated to witness impressive growth during the forecast period.
FMI offers an exhaustive overview of the humidifier market in its new study. The report also covers information on growth drivers and restraints.
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Some of the key takeaways from the report are highlighted below-
- Demand for cool mist humidifiers will remain high, however, sales recorded in the ultrasonic humidifier category is expected to be comparatively higher
- Portable humidifiers are likely to get more popular due to their ease of installation
- The online/ ecommerce segment will emerge as the most preferred sales channels
- Residential sector is likely to exhibit significantly high demand for humidifiers
- North America is expected to lead the global humidifier market followed by Europe during the forecast period
COVID-19 Impact Analysis
The outbreak of novel coronavirus has resulted in restricted growth of the humidifier market. Various factors such as shutting down of manufacturing units during lock down, restricted labor supply, disruptions in supply chain, and other hindrances caused due to the pandemic have been hampering operations within the market.
With sales via retail channels visibly hampered due to restrictions imposed to contain the novel coronavirus, manufacturers are shifting focus towards strengthening their online presence. Consequently, despite aforementioned restraints, the market is likely to witness higher volume of consumer traffic across ecommerce platforms.
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Who is Winning
As the humidifier market is expanding gradually, the key market players are focusing on launching innovative products.
For instance, Philips has launched their advanced humidifier equipped with nano cloud technology which uses natural evaporation process to humidify indoor air in the current year.
Condair has launched their new Condair EL electrode boiler steam humidifier in the recent year which is easy to install and provides reliable steam humidification. They have also released their CIBSE-approved CPD seminar on dehumidification and drying psychometrics which includes training on the principles of operation for both desiccant and condensing dehumidifiers, and others in October, 2020.
Some of the key market players giving tough competition are Honeywell International Inc., Dyson Ltd., De’Longhi S.P.A, BONECO AG, LG Electronics, and others.
More Valuable Insights on Humidifier Market
In the latest report by Future Market Insights, we offer an unbiased analysis of the global humidifier market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2022-2030. In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of type (warm mist humidifiers, cool mist humidifiers, ultrasonic humidifiers, others), installation type (fixed, portable), sales channel (online/ecommerce, retail stores (physical)), end user (residential, commercial, industrial), across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).