What Has Been the Progress and Growth of the Humidifying Equipment Market in Recent Years?
The humidifying equipment market has seen considerable growth due to a variety of factors.
• The market size for humidifying equipment has experienced consistent growth over the past years. The market is expected to rise from $4.05 billion in 2024 to $4.19 billion in 2025, indicating a compound annual growth rate (CAGR) of 3.5%.
Factors contributing to this growth during the historic period are concerns over indoor air quality, the healthcare sector, and industrial applications.
What Is The Expected Growth In The Humidifying Equipment Market Size Evolve over the Forecast Period?
The humidifying equipment market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations indicate a stable expansion in the humidifying equipment market over the upcoming years. The market value is anticipated to reach $4.58 billion by 2029, with a compound annual growth rate (CAGR) of 2.2%.
The predicted growth for this period can be credited to factors such as energy efficiency, climate change and weather patterns, infection control, and the residential market. Notable trends for the forecast period incorporate smart and IoT integration, hybrid systems, as well as customization and scalability.
What Main Forces Are Fueling Expansion In The Humidifying Equipment Market?
The escalating occurrence of conditions like asthma, sinusitis, and various allergies due to dry air is raising consumer consciousness about the importance of maintaining specific air humidity using humidifiers. For example, the Asthma and Allergy Foundation of America, a US-based community organization, in its AAFA 2022 Allergy Capitals Report March 2022, stated that 'hay fever,' formally known as seasonal allergic rhinitis, is one of the most widespread allergic diseases. Roughly 7.7% of adults and 7.2% of children have been identified with this disease. Therefore, the surging occurrence of illnesses like asthma, sinusitis, and other dry-air related allergies is anticipated to increase the demand for humidifying equipment.
What Are The Primary Segments In The Global Humidifying Equipment Market?
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
Subsegments:
1) By Warm-Mist Humidifier: Steam Vaporizers, Evaporative Warm-Mist Humidifiers
2) By Cool-Mist Humidifier: Ultrasonic Cool-Mist Humidifiers, Evaporative Cool-Mist Humidifiers, Impeller Humidifiers
3) By Ultrasonic Humidifier: Cool-Mist Ultrasonic Humidifiers, Warm-Mist Ultrasonic Humidifiers
4) By Evaporative Humidifier: Wick-type Evaporative Humidifiers, Fan-assisted Evaporative Humidifiers
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How Are New Trends Impacting The Size Of The Humidifying Equipment Market?
Prominent businesses in the humidifying equipment market have turned their attention to the creation of novel, innovative products such as heated humidification. This technology aims to boost comfort and facilitate respiratory function during home mechanical ventilation. The mechanism behind heated humidification is fairly straightforward: heat is applied to raise the temperature of water vapor, thereby augmenting its effectiveness in adding moisture to the air. For example, a New Zealand medical device firm, Fisher & Paykel Healthcare, introduced the F&P my820 System in August 2024 specifically designed for home mechanical ventilation. This cutting-edge respiratory humidifier enhances home mechanical ventilation by supplying heated humidification suitable for both invasive and non-invasive therapies, targeting both adult and pediatric patients. It's equipped with a state-of-the-art built-in sensor capable of auto-adjusting to varying environmental temperatures, guaranteeing optimal functionality under unpredictable conditions. Besides, this technology lessens circuit condensate and decreases the clutter of device wires, making its setup more user-friendly.
Who Are the Key Players In The Humidifying Equipment Market?
Major companies operating in the humidifying equipment market include:
• 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.
What Is The Most Dominant Region In The Humidifying Equipment Market?
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
