Residential Humidifier Market Size, Industry Analysis Report By Type (Warm Mist Humidifiers, Cool Mist Humidifiers, Ultrasonic Humidifiers), 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) & Region – Forecasts By 2030
- PUBLISHED ON
- 1970-01-01
- NO OF PAGES
- 247
- CATEGORY
- Machinery & Heavy Industry
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.
Alongside, rise in the number of smart homes along with the constantly evolving lifestyle trends of the masses are aiding the expansion of this industry.
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.
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.
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.
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.
Residential Humidifier Market- Segmental Assessment
By Type
• Warm Mist Humidifiers
• Cool Mist Humidifiers
• Ultrasonic Humidifiers
• Others
The cool mist humidifiers segment is expected to amass notable gains over the stipulated timeline owing to the efficacy in removing germs and bacteria from air.
By Installation Type
• Fixed Humidifiers
• Portable Humidifiers
The portable humidifiers segment is reckoned to generate significant returns by 2030 due to their ease of use and affordable nature.
By Sales Channel
• Online/e-Commerce
• Retail Stores
The online/e-commerce segment is likely to grow considerably over the estimated timeframe ascribing to the rising internet proliferation worldwide.
By End User
• Residential Humidifiers
• Commercial Humidifiers
• Industrial Humidifiers
The residential humidifiers segment is anticipated to capture a high market share over the forecast duration. This is attributable to the rising trends of smart homes, growing health consciousness of individuals, and increasing disposable income levels.
Residential Humidifier Market- Geographical Landscape
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.
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.
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-
• 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)
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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- Assign a senior SR executive as QA Executive
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- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size and growth projections?
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.
What are the drivers shaping various markets?
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.
Who are the key competitors of market Players?
Some of the major players operating within the market 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.
What are the top performing segments, and countries / regions of each of the markets?
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.
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