Market Research Of Global Indoor Humidifier Market By Knowledge Sourcing Intelligence
Indoor
Humidifiers market is expected to witness CAGR of 4.87% over the forecast
period to reach a total market size of US$792.377 million by 2021, from
US$624.706 million in 2016. Humidifiers are
the appliances or an arrangement that adds moisture and increases the humidity
level in the air to retain humidity at the required point. Humidifiers are
preferably used in cold stores, data centers, and especially in agriculture
production units, and other areas where environment critical products are
processed and packaged.
Geographically, North America and Europe hold a
significant share in the indoor humidifier market on account of their
widespread adoption by various end-user industries in these regions. Stringent
regulations regarding workers’ health in these regions are necessitating the
use of advanced humidification solutions among the employers. High awareness
regarding health benefits offered by indoor humidifiers is pushing their
adoption into residential spaces which are contributing to the market growth.
The Asia Pacific region is anticipated to witness rapid growth over the
projected period on account of the rapid growth of various end-user industries in
this region. Market Research is done by
the knowledge sourcing industry due to the huge scope with the respective
industry.
Sample
view of global indoor humidifier market share
The South
America and Middle East & Africa regions have been witnessing low growth
due to limited expenditure in the field of research and development, low
awareness regarding the importance of proper indoor humidification and
high maintenance and operational costs associated with the use of
indoor humidifiers. In the Asia Pacific, continuous economic growth coupled
with rising disposable income is increasing the adoption of these
humidifiers among various end-users. Increasing investments by various market
players in this region and increasing awareness regarding the benefits of these
humidifiers are spurring the market growth and can be anticipated to open doors
to immense growth opportunities for the market in this region over the
projected period.
North America
and Europe is growing at an impressive rate on account of stringent
government regulations regarding workers’ health. Growing healthcare
spending and focus on health and wellbeing by various end-user
industries are some of the major driving factors for the market in these
regions.
Indoor Humidifier Market by Industry Vertical
By industry
vertical, indoor humidifier market is segmented as healthcare,
retail, food & beverage, paper & pulp, and others. Healthcare and
retail held a considerable market share due to regulatory compliance and indoor
air quality. There is a growing use of these devices in the healthcare setting
as they are cost-effective and prevent the use of bacteria. Growing health
concern regarding air quality and their ease of use is boosting their
demand in the retail industry. Furthermore, there use in the paper & The pulp and food & beverage industry is paramount as humidity control is
essential to regulate the moisture and improve the life of the product.
Growing paper & pulp industry and booming food & beverage industry will
augment the demand for indoor humidifiers over the next five years.
Sample
view of global indoor humidifier market share
Healthcare
Indoor
humidifier market for the healthcare industry is projected to grow
at the CAGR of XX% during the forecast period to reach a total market size of
US$XX million in 2023 from US$XX million in 2017. Healthcare held a
significant market share in 2017 owing to its extensive use in
the healthcare setting due to regulatory compliance and to control the
humidity. If the relative humidity falls in indoor places, especially during
winters, dry air increases which have the potential to cause respiratory
problems and can also affect eyes, nose, and skin. In any healthcare setting,
such as a clinic or a hospital, there is a chance of an infection being spread
to the visitors and healthcare workers. There is a growing use of indoor
humidifiers in hospitals and clinics as it helps reduce airborne proliferation
and propagation of pathogens. Furthermore, it also helps treat the sick
building syndrome which causes irritation in the skin, respiratory and eye
irritations, along with coughing, drowsiness, headaches, and nausea. Rising the use of air conditioners in hospitals to improve patient comfort opens the
possibility of the spread of Legionella bacteria. Moreover, the use and efficacy of
medical equipment in the hospital is of paramount importance as the cost of
malfunctioning equipment can be very high and may lead to considerable damages
either to the patient or the hospital. The demand for an indoor humidifier is
being driven for the purpose of prevention of electrostatic discharges of
medical equipment and to prevent the spread of legionella as humidifiers have
proven to eliminate the spread of bacteria. Furthermore, stringent government
regulations require continuous monitoring of humidity at various places in
the hospital including operating rooms, maternity units, intensive care
units and pharmacy aseptic rooms among others. The enforcement of these
regulations augments the growing demand for indoor humidifiers as they are
a cost-effective solution by reducing energy consumption. Hence, the
major factors driving the demand for these humidifiers would be their
cost-effectiveness and preventing the spread of legionella and electrostatic
discharges in the medical equipment during the forecast period.
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