Bizizz Market Research has recently published a research report, “Household Humidifier Market By Product Type (Portable (Warm Mist, Cool Mist, Ultrasonic), and Whole-House), distribution channel (online and offline), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Household Humidifier Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 4.3 Bn by 2027, witnessing a CAGR of 5 % during the forecast period. Key drivers of the market are increased awareness about the household humidifier and its advantages along with rising preference for humidified air in the household market are propelling its market demand.
The humidifiers support in the households to manage the moisture distribution in the home’s air that decreases the risk of illnesses caused by dry air. The global household humidifier market is increasingly driven by higher concern in context to harmful effects of dry air constituting of bloody nose, dry skin, sinus congestion, dry throat, dry cough, and nose irritation. These could be reduced by the usage of humidifiers. However, winter season heating systems could lead to dry air that is plunging the adoption rate of humidifiers in residence. The humidity in the winter season in air is lesser than the general RH (relative humidity) leading to various health challenges of respiratory system, eyes, and skin.
The Household Humidifier market is anticipated to register a CAGR of over 5% during the forecast period.
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By Product, portable humidifiers segment held a key share in Global Household Humidifier Market in 2018.
The demand of portable humidifiers globally had accounted for a considerable market share in 2018. It is anticipated to lead the global market during the forecast period. These products are utilized for maintenance of humidity level in a room. The portable humidifiers offer greater protection against mold and bacteria that is propelling its market demand. Among all the portable humidifiers, the ultrasonic products have attributed for an increased popularity for energy efficiency and cost effectiveness. The ultrasonic humidifiers are higher in demand in smaller size and ease of operation that contributes to its market growth to a larger extent. It is encouraging the manufacturers for introducing advanced products to cater the demand from the customers globally.
North America is Anticipated to Dominate the Global Household Humidifier Market during the Forecast Period.
The North America region is project to lead the global market during the forecast period. The cold climate and increasing awareness among customers regarding advantages of humidifiers is anticipated to propel its market growth in this region. Moreover, the fluctuation in climatic impacts is propelling the sale of these products significantly in this region.
The supportive initiatives taken by North American government including the Environmental Protection Agency and The American Society of Heating, Refrigerating and Air-Conditioning Engineers are contributing to its regional growth. Presence of key players is supporting to generate higher growth opportunities for humidifiers in the North America region.
Global Household Humidifier market was moderately consolidated with key players accounting for significant share in 2018. The organizations are competing in the market by offering innovative products to the end-users.
Prominent players operating in the Global Household Humidifier Market are: Dyson Ltd., Jarden Corporation, Venta Air Technologies, Stadler, Boneco AG, Guardian Technologies, Aprilaire, Essick Air Products, Inc., Honeywell International Inc., Hunter Home Comfort and Crane USA., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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