Global Humidifiers Market is Expected to Reach US$ 2.4 Billion by 2024
by Zayn Mathew Market Research ReportsAccording to the latest report by IMARC Group,
titled “Humidifiers Market: Global Industry Trends, Share, Size, Growth,
Opportunity, and Forecast 2019-2024”, the global humidifiers market reached
a value of US$ 1.9 Billion in 2018. Humidifiers are appliances that are used
for increasing or maintaining humidity in a room or building. By adding
moisture to the air, they treat dryness of the skin, lips, and throat and
prevent skin irritation, inflammation, nose bleeding, and sinus congestion.
Their usage also aids in making the environment less conducive to cold and flu
germs, thereby reducing the symptoms of chronic obstructive pulmonary disease
(COPD). They also help in nourishing indoor plants as well as maintaining a
safe electric environment by decreasing static electricity. As a result, these
appliances are widely used in homes, corporates, institutional buildings,
hospitals, data centers, concert halls, museums, art galleries and shopping
complexes.
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Market Trends:
Due to the degrading air quality on a global
level along with the growing consciousness among masses about the adverse
effects of pollutants present in the air, users are shifting towards
humidifiers to improve the air quality of their homes and offices. Furthermore,
technological developments have increased the requirement of moisture control
to eliminate the generation of static electricity on compact discs, computer storage,
and other electronic devices. On account of this, the sales of industrial
ultrasonic humidifiers have increased significantly. Moreover, the introduction
of smart humidifiers has also influenced the growth of the market. These
appliances assist users by enabling them to regulate the relative humidity
levels of their homes and offices through their smartphones and mobile devices.
Owing to the aforementioned factors, the market value is anticipated to reach
US$ 2.4 Billion by 2024, expanding at a CAGR of approximately 4% during
2019-2024.
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market:
https://www.imarcgroup.com/humidifiers-market
Market Summary:
·
Based on product types, warm-mist humidifiers are the most popular product
type. Other major classifications include ultrasonic, cool-mist, and other
humidifiers.
·
On the basis of distribution channels, the market has been bifurcated into
offline and online retail stores.
·
Based on applications, the market has been divided into industrial,
residential, and commercial segments. The residential sector currently holds
the majority of the total market share.
·
On the geographical front, the market has been segmented into North
America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Currently, North America accounts for the dominant market share.
·
The competitive landscape of the market has also been analyzed with some of
the key players being Honeywell International Inc., Newell Brands, Procter
& Gamble Co., BONECO, Condair Group AG, Carel Industries S.p.A., Dyson
Ltd., Humidifirst, Inc., Crane USA, De'Longhi Appliances S.r.l, Heaven Fresh
USA Inc., and UCAN CO., LTD.
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Created on Jul 16th 2019 01:35. Viewed 597 times.