Humidifiers Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR41641
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The humidifiers market has the potential to grow by USD 502.47 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.41%.

This humidifiers market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (warm-mist humidifiers, ultrasonic humidifiers, and cool-mist humidifiers) and geography (North America, Europe, APAC, South America, and MEA). The humidifiers market report also offers information on several market vendors, including CAREL INDUSTRIES Spa, Condair Group AG, Coway Co. Ltd., Crane - USA, Koninklijke Philips NV, Newell Brands Inc., Plaston Holding, Resideo Technologies Inc., The Procter and Gamble Co., and Vornado Air LLC among others.

What will the Humidifiers Market Size be in 2021?

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Humidifiers Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The ease of use and simplified installation process is notably driving the humidifiers market growth, although factors such as availability of alternative products may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the humidifiers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The ease of use and simplified installation processes will drive the growth prospects of the humidifiers market during the forecast period.
  • Residential customers opt for tabletop humidifiers and console humidifiers of different sizes such as room-size, tabletop and consoles, and whole-house units.
  • Tabletop humidifiers can be attached to the cooling and heating forced-air system, whereas large humidifiers can be attached to the home heating systems.
  • Most of the humidifiers do not require a motor except high-capacity humidifier models that are fan-powered, which will again propel the sales volume of these products.
  • The increasing demand for smart humidifiers, one of the key humidifiers market trends, will drive market growth.
  • The growing need for convenient and efficient products, the rising hectic lifestyles, and the introduction of the latest technologies have resulted in the development of the concept of controlling the functions of humidifiers through the Internet and smartphones.
  • Innovative features such as auto shutdown, user interface, controlling the device using apps, and monitoring the humidity levels by using mobile apps will boost the demand for humidifiers from all consumer segments, which in turn, will drive market growth.

This humidifiers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Humidifiers Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • CAREL INDUSTRIES Spa
  • Condair Group AG
  • Coway Co. Ltd.
  • Crane - USA
  • Koninklijke Philips NV
  • Newell Brands Inc.
  • Plaston Holding
  • Resideo Technologies Inc.
  • The Procter and Gamble Co.
  • Vornado Air LLC

 

This statistical study of the humidifiers market encompasses successful business strategies deployed by the key vendors. The humidifiers market is fragmented and the vendors are deploying growth strategies such as developing new and innovative humidifiers to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The humidifiers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Humidifiers Market?

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44% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for humidifiers in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.

The growing awareness of the importance of standardizing indoor air quality among consumers will facilitate the humidifiers market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Humidifiers Market?

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The humidifiers market share growth by the warm-mist humidifiers segment will be significant during the forecast period. The demand for warm-mist humidifiers is on the rise as these appliances claim to make indoor air bacteria-free. Warm-mist humidifiers create warm moisture from heated water and fight bacteria that may start to develop in the parts of the humidifier. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the humidifiers market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Humidifiers Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive humidifiers market growth during the next five years
  • Precise estimation of the humidifiers market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the humidifiers industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of humidifiers market vendors

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Humidifiers Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.41%

Market growth 2021-2025

$ 502.47 million

Market structure

Fragmented

YoY growth (%)

3.73

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 44%

Key consumer countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

CAREL INDUSTRIES Spa, Condair Group AG, Coway Co. Ltd., Crane - USA, Koninklijke Philips NV, Newell Brands Inc., Plaston Holding, Resideo Technologies Inc., The Procter and Gamble Co., and Vornado Air LLC

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The humidifiers market growth will increase by $459.94 million during 2019-2024.
The humidifiers market is expected to grow at a CAGR of 4.29% during 2019-2024.
Technavio has segmented the humidifiers market by product (Warm-mist humidifiers, Ultrasonic humidifiers, and Cool-mist humidifiers) ,application (Semiconductors, Life sciences, Material sciences, and Nanotechnology) , and geographic (North America, Europe, APAC, and South America).
CAREL INDUSTRIES Spa, Condair Group AG, Crane - USA, Koninklijke Philips NV, Newell Brands Inc., Plaston Holding, Resideo Technologies Inc., The Procter & Gamble Co., Vornado Air LLC, Woongjin Coway Co. Ltd. are a few of the key vendors in the humidifiers market.
North America will register the highest growth rate of 49.07% among the other regions. Therefore, the humidifiers market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the humidifiers market growth are:
  • Advances in product design and technology enabling premium pricing
  • Uberization of medical equipment finance
The humidifiers market vendors should focus on grabbing business opportunities from the warm-mist humidifiers segment as it accounted for the largest market share in the base year.
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