Global Air Humidifier Market to grow at 5.2% CAGR from 2016 to 2023

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Air Humidifier Market share worth over 1.3bn by
2023 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of Air Humidifier Market

• Air humidifier market size is likely to witness a
  high growth over the coming years owing to its
  rising demand in colder regions. It is mainly
  used as a heating system in these regions as dry
  air causes sore eyes, sinus congestion, dry
  throat, and sinus passages.
• According to Global Market Insights, Inc., Air
  Humidifier Industry size worth USD 850 million in
  2015, is expected to surpass USD 1.3 billion by
  2023, registering a CAGR of 5.2 over 2016-2023.
  In addition to this, air humidifiers help in
  minimizing static electricity, which can cause
  damage to compact discs, electronic equipment,
  and computer storage devices. Growing demand for
  air humidifiers from hospitals as well as
  operation theatres due to their ability to
  prevent the growth and spread of biological
  contaminants is expected to fuel the industry
  growth over the coming years.

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Continued

• Air humidifiers are mainly used to preserve
  material properties and ensure comfortable
  healthy environment for workers as well as
  residents. They also find applications in
  humidity specific industries such as packaging,
  textiles, printing, plastics, paper, electronics,
  automotive manufacturing, and pharmaceuticals.
  Paper manufacturers and printers use air
  humidifiers to prevent curl and paper shrinkage.
  Furthermore, they help the cold storage rooms for
  preserving food freshness. In addition to this,
  art galleries and museums deploy air humidifiers
  in order to protect sensitive art works and also
  provide comfort to visitors against dry
  conditions caused by cold temperatures.
• Based on the technology, air humidifier market is
  segmented into portable air humidifier systems
  and whole-house air humidifier systems. Portable
  air humidifier systems segment accounted for
  85 of the overall revenue in 2015, and is
  projected to grow significantly over the coming
  seven years.

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U.S. Air Humidifier Market size, by product,
2012-2023 (USD Million)

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Continued.

• The growth can be attributed to its exceptional
  features such as high portability, convenience,
  and mobility. Whole-house air humidifier systems
  segment is anticipated to witness moderate growth
  over 2016-2023 owing to its favorable features
  such as low maintenance costs and less power
  consumption.
• Major air humidifier products comprise cool-mist
  air humidifier, warm-mist humidifier, and
  ultrasonic humidifier. Warm-mist humidifier
  market accounting for 45 of the overall revenue
  in 2015, is expected to surpass USD 580 million
  by 2023 due to bacteria free air provided by this
  equipment. Ultrasonic humidifier market share is
  predicted to witness a high surge over the coming
  seven years due to the low cost of maintenance as
  well as its smooth operation.
• Air humidifiers find applications in commercial,
  industrial, and residential sectors. Air
  humidifiers market share in industrial sector is
  anticipated to surpass USD 500 million by 2023,
  growing at a rate of 5.5 over 2016-2023

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Continued.

• Increase in energy efficiency along with low
  operational costs are some of the factors
  projected to boost the demand for air humidifiers
  across various industrial sectors such as
  operation theatres, manufacturing process data
  centers, and hospitals. These systems help in
  effective control of humidity along with
  maintenance of high standards of compliance.
  Residential sector, which accounted for over 45
  of the overall industry share in 2015, is
  predicted to witness a substantial growth over
  the coming seven years.
• The growth can be credited to the maintenance of
  appropriate indoor air humidity level in the
  homes, which helps in improving the comfort level
  of the consumers and enhances their productivity.
  This can also help in significant reduction of
  respiratory problems which can further boost the
  demand for air humidifiers in the residential
  sector over the coming years.

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Continued.

• Europe air humidifier market, which contributed
  towards 25 of the overall revenue in 2015, is
  predicted to record a CAGR of 5 over 2016-2023
  due to presence of cold climatic conditions in
  the region. North America air humidifier market
  worth USD 300 million in 2015, is expected to
  witness a high growth over 2016-2023 owing to its
  ideal use in data centers to prevent generation
  of sparks which causes severe damage to IT
  devices, peripherals, and hardware. Furthermore,
  growing awareness about the myriad applications
  of air humidifiers may result in its increasing
  acceptance in hospitals and plants manufacturing
  semiconductors. U.S. is predicted to be the major
  contributor towards the regional share over the
  coming years.
• Market players will try to increase their product
  portfolio through frequent mergers
  acquisitions. Key industry players include
  Armstrong International, Neptronic, Nortec
  Humidity, Honeywell International Incorporation,
  Procter Gamble Company, Carel Industries S.p.a,
  Vornado Air Circulation Systems, Philips, Boneco,
  Carrier Corporation, Stadler Form Company,
  DriSteem, and Winix America Incorporation.

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