Humidifiers Market by Product and Geography — Forecast and Analysis 2020–2024 | Technavio
The humidifiers market size has the potential to grow by USD 459.94 million during 2020–2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by product (warm-mist humidifiers, ultrasonic humidifiers, and cool-mist humidifiers) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including 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, and Woongjin Coway Co. Ltd.
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. These humidifiers can be attached to the cooling and heating forced-air system, whereas large humidifiers can be attached to the home heating systems. Additionally, 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.
Request for: Free Sample Report
The increasing demand for smart humidifiers, one of the key humidifiers market trends, will also 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. Such factors will drive humidifiers market growth at a CAGR of over 4% during the forecast period.
