Overview and Scope
Humidifying equipment is a device that is used to maintain the humidity of a room to ensure there is enough moisture. It is used to increase the humidity of the air.
Sizing and Forecas
The humidifying equipment market size has grown steadily in recent years. It will grow from $4.12 billion in 2023 to $4.21 billion in 2024 at a compound annual growth rate (CAGR) of 2.0%. The growth in the historic period can be attributed to indoor air quality (iaq) concerns, healthcare industry, industrial applications.
The humidifying equipment market size is expected to see steady growth in the next few years. It will grow to $4.63 billion in 2028 at a compound annual growth rate (CAGR) of 2.4%. The growth in the forecast period can be attributed to energy efficiency, climate change and weather patterns, infection control, residential market. Major trends in the forecast period include smart and iot integration, hybrid systems, customization and scalability.
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Segmentation & Regional Insights
The humidifying equipment market covered in this report is segmented –
1) By Type: Warm-Mist Humidifier, Cool-Mist Humidifier, Ultrasonic Humidifier, Evaporative Humidifier
2) By Application: Commercial, Industrial, Residential
3) By Distribution Channel: Multi-Brand Stores, Exclusive Stores, Online, Other Distribution Channels
Top Major Players:
Armstrong International Limited
Boneco AG
Carel Industries S.p.A.
Crane Co., Condair Group AG
Honeywell International Inc.
The Asia-Pacific was the largest region in the humidifying equipment market in 2023.
The Asia-Pacific was the largest region in the humidifying equipment market in 2023. North America was the second largest region in the humidifying equipment market. The regions covered in the humidifying equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
An increase in the prevalence of diseases such as asthma, sinusitis, and other allergies attributed to dry air has created awareness among customers to maintain specific humidity in the air by using humidifying equipment. For instance, in march 2023, according to the Asthma and Allergy Foundation of America , in 2021, 39.6% of adults ages 18 and older who had asthma reported having one or more asthma attacks in the past year. Humidifying equipment releases steam or water vapor into the air to increase humidity and help individuals avoid issues faced with dry air. Hence, the increasing prevalence of diseases such as asthma, sinusitis, and other allergies to dry air is projected to generate higher demand for humidifying equipment.
Key Industry Players
Major companies operating in the humidifying equipment market include <b>Armstrong International Limited, Boneco AG, Carel Industries S.p.A., Crane Co., Condair Group AG, Honeywell International Inc., DriSteem Corporation, Koninklijke Philips N.V., Dyson Ltd, Winix Inc., Guardian Technologies LLC, Carrier Corporation, Levoit Technologies LLC, HoMedics LLC, Richardson-Vicks Inc., Elechomes US Inc., Smartmi International Ltd., Vitruvi US Corp., TruSens LLC, Lasko Products LLC, Sunvalley Group LLC, Aircare Technologies India Pvt. Ltd., Air Innovations LLC, CVS Health Corporation, Essick Air Products Inc., Hunter Douglas N.V., Sprout Social Inc., Stadler Form Aktiengesellschaft, Vornado Realty Trust, Magic Technology Co. Ltd., Hey Dewy Inc.</b>
The humidifying equipment market report table of contents includes:
1. Executive Summary
2. Humidifying Equipment Market Characteristics
3. Humidifying Equipment Market Trends And Strategies
4. Humidifying Equipment Market – Macro Economic Scenario
5. Global Humidifying Equipment Market Size and Growth
…
31. Global Humidifying Equipment Market Competitive Benchmarking
32. Global Humidifying Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Humidifying Equipment Market
34.Humidifying Equipment Market Future Outlook and Potential Analysis
35. Appendix
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