GMI

Air Humidifier Market revenue in Industrial sector to exceed USD 500 million by 2023

Press Release   •   Feb 16, 2017 01:27 EST

The research report “Air Humidifier Market Size By Product (Warm-Mist, Ultrasonic, Cool-Mist), By Technology (Portable, Whole-House), By Application (Commercial, Residential, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, Russia, Japan, China, South Korea, Mexico, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023Air 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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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. 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.

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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. 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.

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.

Browse key industry insights spread across 136 pages with 96 market data tables & 69 figures & charts from the report Air Humidifier Market in detail along with the table of contents:

https://www.fractovia.org/news/industry-research-report/air-humidifier-market

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