The global humidifier market stands at around USD 3,359.7 million in 2023. The sales of humidifiers are predicted to increase at a CAGR of 5.9% and surpass USD 5,736.6 million by the end of 2033.
Continuous Innovations in Humidifiers Bolstering Market Growth
Steered by the impressive sales value, leading humidifier manufacturers are focusing their efforts on innovations. In tandem with modern lifestyles, humidifiers are launched with cutting-edge functionalities.
For instance, manufacturers launched ultra-modern humidifiers that can operate autonomously for up to 18 hours. The incorporation of various new features such as empty tank indicator, automatic turnout in emergencies, aroma diffusers, 3D night lights with color-changing LEDs, autonomous moisture adjustment with changing weather, and others are intended at improving the marketability of humidifiers.
These innovations are aimed at upgrading the product portfolio. Key market players are currently focusing on gaining an edge by customizing their products as per the dynamic consumer needs. This is expected to help them expand their customer base.
High Maintenance Cost of Humidifiers Hampering Market Growth
Humidifiers are costly and require expertise for installation, handling, and maintenance. As a result, it is yet to be adopted by customers across a broad spectrum of society. Moreover, some humidifiers, especially warm mist humidifiers pose a risk of catching fire if exposed to an unfavorable environment, which is restricting their widespread uptake.
Sales of humidifiers accounted for a 2% share of the global home appliances market in 2021.
| Attribute | Details |
|---|---|
| Humidifier Market Size (2023) | USD 3,359.7 million |
| Sales Forecast (2033) | USD 5,736.6 million |
| Global Market Growth Rate (2023 to 2033) | 5.9% CAGR |
| Share of Top 5 Industry Players | 55% |
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Increased Awareness Regarding Indoor Air Quality Driving Market Expansion
Demand for humidifiers rose at a CAGR of 4.2% from 2018 to 2022. Increasing concerns about adverse health effects caused due to dry air have been creating growth prospects for the humidifier market. Poor indoor air quality can cause dry cough, dry throat, nose irritation, bloody noses, dry skin, sinus congestion, and several other health conditions.
Especially during winters, the relative humidity (RH) of airdrops below the normal RH level, can trigger various health issues affecting respiratory systems, skin, or eyes. Installing humidifiers helps in maintaining humidity and provides a safe electronic environment indoors. These products also have proven effective in containing the risk of chronic obstructive pulmonary disease (COPD).
Thanks to improved access to information, consumers around the world are rendered conscious of the importance of maintaining air quality indoors. Spurred by this, the demand for humidifiers is expected to surge over the coming years.
With the increasing awareness regarding indoor air purification, the demand for air humidifiers is rising steadily across the world. Humidifiers are capable of maintaining the correct level of moisture in the indoor air while preventing the risk of mold or bacteria, skin irritation, and other problems.
The global humidifier market is anticipated to rise at a CAGR of 5.9% over the forecast period of 2023 to 2033.
| Countries | 2022 Value Share in Global Market |
|---|---|
| United States | 27.1% |
| Germany | 6.6% |
| Japan | 6.4% |
| Australia | 2.2% |
| Countries | Value CAGR (2023 to 2033) |
|---|---|
| China | 13.6% |
| India | 16.2% |
| United Kingdom | 24.5% |
Rising Initiatives for Healthy Indoor Environment Driving Market Growth
The United States has emerged as the dominant player in the global humidifier industry, capturing a substantial 27.1% value share in 2022.
North America is highly advanced in terms of innovations in technology. The increase in health concerns among the population and government regulations for a healthy indoor space in the United States is supporting the market growth.
Humidifiers are considered highly effective in maintaining healthy and comfortable humidity levels in extreme weather conditions such as extreme cold, snowfall, and others. As a result, the demand for humidifiers across end users in residential, commercial, and industrial sectors is gradually rising in the United States
Rapid Deployment of Ultrasonic Humidifiers in Europe
Europe is expected to account for the highest share of the humidifier market. Besides rising demand for installation across various industries, an increase in concern regarding static electricity, an increase in production by several manufacturing units, and other growth trends are set to drive the Europe humidifier market throughout the forecast period.
Market growth in Europe is being driven by the development of the industrial and information technology sectors, the rising adoption of ultrasonic humidifiers, and greater consumer awareness about the benefits of humidification systems.
Germany is making its mark in the global humidifier industry, capturing a commendable 6.6% value share in 2022. The German market's growth can be attributed to various regional trends and factors. Firstly, Germany is known for its emphasis on energy efficiency and sustainability. As a result, consumers in Germany are increasingly investing in humidifiers that offer energy-saving features and eco-friendly operations.
Moreover, Germany experiences distinct seasons, including cold winters with low humidity levels. This creates a significant demand for humidifiers to combat dry indoor air, alleviate respiratory issues, and improve overall well-being. The growing awareness of these benefits is driving the adoption of humidifiers in households and commercial spaces across the country.
Japan's humidifier industry is thriving, capturing a noteworthy 6.4% value share in 2022. Several regional trends and factors contribute to this growth. Japan is known for its high-tech culture and advanced technological innovations, and the humidifier industry is no exception.
Japanese consumers prioritize cutting-edge features and functionality in their humidifiers. This includes smart and IoT-enabled devices that can be controlled through mobile apps or voice assistants. Additionally, Japan experiences seasonal dryness, especially during winter months, which drives the demand for humidifiers to maintain optimal humidity levels and prevent discomfort caused by dry air.
Presence of Prominent Humidifier Manufacturers in China
China's humidifier market is poised for remarkable growth, with a projected value compound annual growth rate (CAGR) of 13.6% during the forecast period. The humidifier industry in China is gaining traction due to the variable temperature and humidity levels. The advent of cutting-edge technologies, coupled with the rapidly expanding presence of key market players across both online and retail sectors, are creating lucrative prospects for growth in China.
Cool mist humidifiers are anticipated to retain dominance in the East Asia humidifier industry throughout the forecast period.
Cool Mist Humidifiers Gaining Traction Owing to Their Varied Applications in End-user Industries
Cool mist humidifiers are capable of achieving a high level of saturation and have proven effective in removing bacteria and germs. Cool mist humidifiers can be used with medicated products to provide relief from skin irritation. Cool mist humidifiers, capable of protecting nasal and respiratory passages from irritation caused by bacteria, are highly preferred among end users from residential as well as industrial segments alike.
Driven by these factors, the segment comprising cool mist humidifiers is expected to continue dominating humidifier types over the forecast period.
Rising Need to Maintain Healthy Indoor Environment Driving Demand for Humidifiers in Residential Sector
The residential segment accounted for a 45.2% share of the humidifier industry in 2022. An increasing number of consumers from the residential sector are willingly spending on humidifiers as a part of their improved lifestyle.
Various factors such as maintaining a healthy indoor environment, which is free from pathogens, relieving respiratory discomfort, relieving skin irritation, and others are increasing the demand for humidifiers in the residential sector.
Humidifier producers are encouraged to incorporate smart features in household applications as the use of smart homes grows. The increased demand for smart, connected, and sophisticated technologies in residential spaces is expected to drive market growth.
Strategies to Scale Businesses in the Humidifier Market
With competition getting fiercer within the humidifier industry, leading players are introducing advanced models to gain an edge over their rivals.
For instance,
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| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value in USD million, Volume in Units |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East & Africa (MEA) |
| Key Countries Covered | United States, Canada, Mexico, Brazil, Mexico, Argentina, Germany, Italy, France, United Kingdom, Nordic, Spain, Japan, China, India, Malaysia, Thailand, Australia, GCC Countries, South Africa, Turkey |
| Key Market Segments Covered | Humidifier Type, Installation Type, Sales Channel, End User, Region |
| Key Companies Profiled | Honeywell International Inc.; Dyson Ltd.; De'Longhi S.p.A; Condair; BONECO AG; Carel Industries SpA; Neptronic; Smart Fog Inc.; DriSteem; Aprilaire; Levoit |
| Pricing | Available upon Request |
North America region generated maximum revenue of the global demand in 2022.
The United States is estimated to grow at 27.1% of share through 2033.
Cool mist humidifiers type segment contributes a maximum share in the global market.
Residential segment holds a maximum revenue of the global market share.
From 2018 to 2022, the global market exhibited 4.2% CAGR.
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