Indoor Humidifier Market Report
Indoor Humidifier Market Trends, Dynamics & Market Insights See less
Indoor Humidifier Market Trends, Dynamics & Market Insights
Indoor Humidifier Market, By Product Type (Ultrasonic Humidifier, Warm-mist Humidifier, Evaporative Humidifier, Vaporizers, Steam to Steam Humidifier), Application (IT Industry, Automotive Industry, Healthcare Industry, Textile, Wood, Paper and Pulp Industry, Food and Beverage Industry, Educational Institutes, Retail and Cold Stores, Enterprises, Media and Entertainment), and Region - COVID-19 Impact Analysis and Forecast to 2026.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Indoor Humidifier market. The historic years considered for the study are 2016-2019, the base year is 2020, and the forecast period is 2021-2026.
The Indoor Humidifier market is projected to grow from USD 616.3 million in 2020 to USD 864.9 million by 2026 at a CAGR of around 5.9% during the forecast period.
A humidifier provides moisture to the air and keeps it from becoming dry. Humidifiers are mainly used utilized in cold regions where the rooms have been dried out, and they also aid in virus eradication. Based on product type, indoor humidifiers can be categorized as ultrasonic humidifiers, warm-mist humidifiers, evaporative humidifiers, vaporizers, and steam humidifiers.
Key players operating in the Indoor Humidifier market are-
The growth of the indoor humidifier market is driven by widespread product usage in numerous applications including the IT industry, automotive industry, healthcare industry, textile, food, and beverage industry, educational institutes, and retail and cold stores. The growing concern among consumers about the adverse effects associated with dry air is expected to drive the growth of the indoor humidifier at a significant rate during the review period. Additionally, surging demand for advanced indoor humidifiers is likely to create lucrative opportunities for the market players during the review period.
By application, the indoor humidifier market has been bifurcated into the ultrasonic humidifier, warm-mist humidifier, evaporative humidifier, vaporizers, and steam to a steam humidifier. Under these, the ultrasonic humidifier segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period.
By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth is primarily attributed to a high product adoption rate due to high dependency on weather coupled with the presence of key market players such as DriSteem (US) and Pure Humidifier (US). The market growth in the Asia-Pacific region is expected to be driven by increasing consumer awareness about the ill effects of dry air in developing countries particularly China and India.
The outbreak of the COVID-19 virus has affected the growth of the humidifiers market significantly. Stringent lockdown measures and restricted movement of people affected the production and product supply for a short period and thus, affected the market growth.
Here is the list of the group of customers that the indoor humidifier market hopes to have the greatest opportunity to convert-
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The indoor humidifier market is expected to witness an impressive growth of 5.9% CAGR in the coming years.
DriSteem (US), Pure Humidifier (US), Carel (US), Mee Industries Inc (US), Armstrong Internation-al (US), Nortec Humidity (Switzerland), Condair Group AG (Switzerland), Coway Co., Ltd (South Korea), Honeywell International Inc. (US), United Technologies Corporation (US) and Munters, Ltd. (UK) are among the key players in the indoor humidifier market.
The indoor humidifier market size is expected to reach USD 864.9 million in the foreseeable future.
The ultrasonic humidifier segment accounted for the largest share in the indoor humidifier market in 2020.
North America is expected to register significant CAGR in the indoor humidifier market in the next five years.
Indoor humidifier distributors, Indoor humidifier suppliers, Indoor humidifier manufacturers, Logistics organizations, Government bodies are the target audience in the indoor humidifier market.