Air humidifier is referred to as a type of electronic air conditioning appliance that is installed to increase the moisture level of air within a room or the entire complex. Residential humidifiers are mostly used to humidify a single room. These appliances further reduce COPD symptoms in users and also help in maintaining the temperature level to aid the growth of indoor plants. Besides, residential humidifiers are energy efficient in nature and ensure safe electric environment across households.
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Global Residential Humidifier Market- Overview
The global residential humidifier market is slated to accumulate a valuation of USD 3.53 billion in 2030 from USD 1.85 billion in 2022. Due to various growth inducing factors, the industry is further anticipated to expand with a CAGR of 5.8% over the forecast duration of 2022-2030.
Growing prevalence of respiratory ailments across the globe and widespread technological innovations in the field are primarily augmenting the outlook of this business vertical.
Also, rising R&D investments in the field, surging disposable income of the masses, and constant temperature fluctuations across various regions are creating lucrative opportunities for the marketplace to prosper.
There has been an increasing health cognizance of the masses owing to the surging pollution levels and adoption of unhealthy lifestyle habits. This in turn is adding momentum to the development of this industry vertical.
Moreover, surging focus of manufacturers to develop and launch advanced products in the field along with escalating demand for air humidifiers in colder regions are positively influencing the trends of the market.
On the contrary, excessive usage of humidifiers may alleviate allergy symptoms in humans and pets. This in turn is hindering the remuneration scope of this marketplace.
Global Residential Humidifier Market- Key trends
Rising prevalence of COPD to augment industry outlook
There has been a steep rise in the pervasiveness of COPD across the globe. This is attributable to the surging geriatric population base, changing lifestyle trends, and growing pollution levels worldwide. It is evident that humidifiers purify poor indoor air quality and prevent nose irritation, dry cough, dry skin, sinus congestion, and dry throat along with other ailments. The ability of these appliances to balance indoor moisture level is elevating the demand across households.
Growing disposable income of the masses to stimulate market dynamics
The installation of humidifiers across households requires adequate infrastructure. Moreover, these appliances are expensive in nature as they undergo complicated manufacturing process and carry exclusive brand names. With prompt economic developments and increasing employment opportunities, the world is witnessing a rapid surge in the expenditure power of the masses. The rising income levels is pushing individuals to invest in smart homes and luxury electronic appliances. This in turn is accelerating the growth of this business vertical.
Global Residential Humidifier Market- Segmental assessment
By Type
• Warm Mist Humidifiers
• Cool Mist Humidifiers
• Ultrasonic Humidifiers
• Others
• Fixed Humidifiers
• Portable Humidifiers
• Online/e-Commerce
• Retail Stores
• Residential Humidifiers
• Commercial Humidifiers
• Industrial Humidifiers
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among others, North America is projected to account for a substantial revenue share over 2022-2030. This is attributable to the booming consumer electronics sectors, growing per capita income of the masses, rising prevalence of COPD, and increasing popularity of smart homes in the region.Global Residential Humidifier Market- Competitive Hierarchy
The prominent players defining the competitive terrain of this marketplace are Honeywell International Inc., Dyson Ltd., De’Longhi S.p.A, Condair, BONECO AG, Carel Industries SpA, Neptronic, Smart Fog Inc., DriSteem, Aprilaire, and Levoit.
Notably, in April 2022, LG Electronics announced the launch of its exclusive vaporizer humidifier range. The appliance has been equipped with warm mist and cold mist options and is quite affordable in nature.
Report scope
Global Residential Humidifier Market: Historical Years- 2018-2021
Global Residential Humidifier Market: Forecast Years- 2022-2030
Global Residential Humidifier Market 2022- USD 1.85 billion
Global Residential Humidifier Market CAGR- 5.8%
Global Residential Humidifier Market 2030- USD 3.53 billion
Key segments covered-
• By Type (Warm Mist Humidifiers, Cool Mist Humidifiers, Ultrasonic Humidifiers, and Others)
• By Installation Type (Fixed Humidifiers and Portable Humidifiers)
• By Sales Channel (Online/e-Commerce and Retail Stores)
• By End User (Residential Humidifiers, Commercial Humidifiers, and Industrial Humidifiers)
Major regions and countries covered-
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Argentina, and Colombia)
• Europe (Germany, U.K., France, Italy, Spain, and Russia)
• Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
• Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
Top players profiled- Honeywell International Inc., Dyson Ltd., De’Longhi S.p.A, Condair, BONECO AG, Carel Industries SpA, Neptronic, Smart Fog Inc., DriSteem, Aprilaire, and Levoit.
Analysis of the impact of COVID-19 and the Russia-Ukraine War:
The readers of this section will be better informed on the effects of the pandemic, the post-pandemic, and the Russia-Ukraine War on the global market for refrigerated freight services. The factors that have changed since the poll was done include demand, consumption, transportation, consumer behavior, and supply chain management. Industry experts have also emphasized the crucial factors that will help players identify opportunities and maintain the sector as a whole in the approaching years.
The main goals of report are:
- To examine and assignment the extent of the international market for the market sector.
- To Researching the important gamers globally, their SWOT analysis, market value, and market share.
- To identify, describe, and mission market based totally on type, quit use, and geography.
- To take a look at the market advantages, challenges, dangers, and constraints in the world’s principal regions.
- To pick out key traits and variables that are advertising or inhibiting market growth.
- To decide the excessive increase segments in order to have a look at the market potentialities for stakeholders.
- To consider every submarket fastidiously in phrases of its very own boom sample and market contribution.
- To know market possessions, agreements, growth, and the introduction of new merchandise as aggressive advances.
- To strategically discover the essential gamers and completely take a look at their enlargement plans.
