Global Humidifying Equipment Market Size, Drivers, Trends, Opportunities And Strategies – Includes Humidifying Equipment Market Share
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
An increase in the prevalence of diseases such as asthma, sinusitis, and other allergies attributed to dry air are expected to drive innovation in humidifying equipment manufacturing, thus driving the market during the forecast period.
The global humidifying equipment market is expected to grow from $4.54 billion in 2022 to $4.57 billion in 2023 at a compound annual growth rate (CAGR) of 0.7%. The global humidifying equipment market size is expected to grow to $4.9 billion in 2027 at a CAGR of 1.8%.
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Global Humidifying Equipment Market Segments Include:
- By Type: Warm-Mist Humidifier, Cool-Mist Humidifier, Ultrasonic Humidifier, Evaporative Humidifier
- By Application: Commercial, Industrial, Residential
- By Distribution Channel: Multi-Brand Stores, Exclusive Stores, Online, Other Distribution Channels
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global humidifying equipment market in 2021.
Major Market Players in the humidifying equipment market include Armstrong International, BoneCo., Carel Industries, Crane, Condair Group, Honeywell International, Dristeem, Koninklijke Philips N.V, Dyson Ltd., and Winix Inc.
Major players operating in the market are focusing on developing new innovative products to attract a large customer base and maintain their position in the competitive business environment. The humidifying equipment manufacturing companies are incorporating advanced technologies to introduce innovative portable smart products. For instance, in July 2019, Xiaomi launched a new portable MIJIA Smart Sterilization Humidifier with UV-C water sterilization and smart humidifiers for offices and homes. It has a smart constant humidity function that monitors indoor humidity in real-time.
The Humidifying Equipment Global Market Report 2023 provides a humidifying equipment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The humidifying equipment market forecast analyzes humidifying equipment market size, humidifying equipment market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
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