Indoor Humidifier Market to Reach US

Indoor Humidifier Market to
Reach US$300.4 mn by 2020 as
Commercial Spaces Focus on
Maintaining Air Quality
Humidifiers are equipments or systems used to add moisture and retain desired
level of humidity at a given place (space). Humidifiers can be broadly classified
into ultrasonic humidifiers, warm-mist humidifiers, evaporative humidifiers,
vaporizers and steam to steam humidifiers. These humidifiers are used across
industrial and commercial applications.
The market for humidifiers in North America was valued at USD 212.4 million in
2013 and is expected to grow at a CAGR of 5.4% from 2014 to 2020, to reach USD
300.4 million in 2020.The North America indoor humidifier market is primarily
driven by increasing adoption of humidification solutions in hospitals,
datacenters, retail and cold stores, and educational institutes. Additionally, the
increasing awareness and stringent and promulgation of indoor air quality
standards is fueling the growth of the market. Conversely, the high operational
cost of humidifiers, owing to frequent maintenance requirement is hindering the
growth of the market. However, with the development of energy efficient
humidification solutions, it is expected that impact of this constraint will minimize
over the forecast period.
Evaporative humidifiers held the largest market share, accounting for 34.2% of
the North America humidifier market revenue in 2013. This dominance is
attributed to the wide application of evaporative humidifiers across IT and
automotive sectors.. Further, the wide adoption of vaporizers in healthcare
industry is expected to augment the market growth, with vaporizers forecast to
record a CAGR of 5.7% over the next 6 years.
In 2020, the healthcare application segment is expected to dominate the North
America humidifier market followed by IT application segment. Rise in adoption
of humidifiers for patient’s comfort is expected to boost the market growth for
healthcare applications of humidifiers. Furthermore, due to the growing
automotive production in North America, it is expected that automotive
application segment will grow at a CAGR of 10.9% from 2014 to 2020. Moreover,
standardization of indoor air quality (IAQ) parameters and guidelines by the
American Society of Heating, Refrigerating and Air-Conditioning Engineers
(ASHRAE) are expected to further drive user awareness and implementation of
humidification solutions. This in turn would help swell the demand for indoor
humidifiers.
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Educational institutes dominated the commercial application segment of North
America indoor humidifier market in 2013. This dominance is attributed to the
rising awareness of sound indoor ambience to avoid absentees in schools,
colleges and universities. Moreover, the adoption of indoor humidifiers in
research and development centers and clean rooms to avoid any variation due to
change in indoor air quality is further adding to the growth of humidifiers.
However, the market for indoor humidifiers is expected to witness tremendous
growth in the media and entertainment industry with a CAGR of 9.3% from 2014
to 2020.
In 2013, the West U.S. region dominated the North America indoor humidifier
market. The dominance of this region is attributed to high concentration of
industrial and commercial sector, which are dominant markets for humidifiers
solutions. Moreover, with growth trend of using humidifiers for maintaining the
indoor air quality and avoiding damages and wastage of material is propelling the
humidifier market growth in the region.
The North America indoor humidifier market is highly competitive in nature.
Leading players such as DRI-STEEM Corporation, Carel Industries, S.p.A, Pure
Humidifier, Armstrong International, Inc., MEE Industries, Inc. and Walter Meier
Group are intensely focusing on expanding their sales and distribution network so
as to expand the customer base. In order to sustain the competition, the
companies are expected to offer convergence of humidification solutions with the
existing HVAC solutions in near future. Additionally, the companies are expected
to offer comprehensive solutions to have competitive edge over the other
players.
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Indoor Humidifier Market to Reach US$300.4 mn by 2020 as Commercial Spaces Focus on Maintaining Air Quality

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