March 30, 2021
According to the research report titled ‘Global Household Humidifier Market Size study, by Product (Portable and Whole-house), by Distribution Channel (Offline and Online) and Regional Forecasts 2020-2027’, available with Market Study Report, global household humidifier market was worth USD 2.9 billion in 2019 and is projected to expand at 4.6% CAGR to be remunerated at USD 4.2 billion by the year 2027.
Evolving consumer lifestyle, growing acceptance of smart homes, and rising concerns about the negative health effects of dry air, such as nasal irritation, dry throat, dry cough, dry skin, sinus infection, and bleeding nose, are the key factors stimulating global household humidifier market growth.
According to Statista, global penetration rate of smart homes was reported to be 3.85% in 2017 and is projected to surge to 21.32% by 2025. Notably, humidifiers add moisture to the air and helps maintain the humidity in the surrounding.
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Product launches and other strategic alliances by players will further augment worldwide household humidifier industry share. Citing an instance, Dyson Ltd. unveiled a three-in-one air purifier, humidifier, and fan on April 2, 2020, capable of killing 99.9% of bacteria that move through it. This involves using ultraviolet UV-C light to destroy bacteria in the water tank before transferring to the evaporator pump. This medication, according to the manufacturer, is beneficial for a variety of health problems, including loosening cough and alleviating cold symptoms, worsening asthma and allergies, and flu symptoms.
On the downside, high maintenance requirements of humidifiers is likely to impede the industry expansion over the study period.
With respect to product type, global household humidifier industry is segmented into whole-house, and portable. Moving on to distribution channel, the marketplace is divided into online, and offline.
Considering the geographical ambit, North America currently holds significant portion of worldwide household humidifier market share, creditable to growing adoption of new technology, increasing consumer cognizance regarding harmful effects of low humidity or dry air, and cold weather conditions in Canada and U.S.
Leading organizations in global household humidifier market sphere are Venta Air Technologies Inc., Guardian Technologies LLC, Hunter Home Comfort, Dyson Ltd., Essick Air Products Inc., Honeywell International Inc., Crane Co., Aprilaire, Boneco AG (Air-O-Swiss), and Jarden Corporation.