Global Humidifier Market: Overview
The global humidifier market is expected to register positive growth in the near future. Its positive pace of development is not surprising, thanks to global nature of climate change challenges and increased concern about personal wellbeing. Humidifiers are devices which help increase humidity in indoor settings. These are widely deployed in residential, commercial, and industrial settings as well for the wellbeing of personnel. The humidifier market is home to warm-mist humidifiers, ultrasonic humidifiers, and cold-mist humidifiers. Growing concerns about humidity, and air-quality issues are expected to drive significant growth in the humidifier market.
Global Humidifier Market: Notable Developments
A newly published report in the Atlantis Press pointed to price being the main differentiator among different companies in the humidifier market. Although the study used a very small sample, it points to a growing need for focus on multi-purpose design in manufacturing. For example, light effect and music foundation can be added to humidifiers to distinguish products from others. Additionally, the study also revealed consumer preferences for mute-mode of operations for humidifiers which let people work without sound interference. The growing focus on user-friendly designs can also aid growth of the humidifier market in the near future.
To understand how our report can bring difference to your business strategy, Ask for a brochure
Recently, the US CPSC or the Consumer Product Safety Commission alerted consumers on potential health hazards associated with dirty humidifiers. CPSC noted that growth of fungi and bacteria can lead to lung problems, especially dangerous for asthma patients. In 2014, CPSC had informed consumers about possible fire hazards associated with a specific company’s dehumidifier. These hazards resulted in over 70,000 product recalls. Incidences like these, and growing challenges associated with humidifiers are expected to remain major concerns in the humidifier market in the near future.
Global Humidifier Market: Drivers and Restraints
The industrial sector is expected to drive significant demand in the humidifier market in the near future. Robust industrial growth in recent periods, increasing focus on workplace safety, and low interest rates making ways for more investment in infrastructure are expected to create new opportunities in the humidifier market. Additionally, government entities like CPSC issue guidelines on temperatures regularly and various types of humidifiers. The growth of new types of humidifiers like ultrasonic are ideal for different settings than conventional. Additionally, the growth of handheld and portable humidifiers are expected to make new penetration in residential areas. The expanding opportunities and parallel innovation in humidifiers is expected to drive major growth for the humidifier market in the near future.
Stuck in a neck-to-neck competition with other brands? Request a custom report on “Humidifier Market”
The handheld and portable humidifier are also expected to make new inroads globally. For example, in middle and low income countries, healthcare institutions often rely on little infrastructure to care for patients. However, new means of providing a better quality care with regulated temperatures can make way for significant improvements and better care for end-patients. The high penetration of humidifiers in developed countries, and emerging growth in middle and low income countries can be a major boon for the humidifier market.
Global Humidifier Market: Geographical Analysis
The global humidifier market is expected to witness robust growth in regions like North America. North America region is witnessing a major boon for new industries like data centers. These are heavily reliant on temperature maintenance for energy efficiency and subsequent reduction in costs. The HVAC systems play a major role in this industry and increasing focus on healthcare in the US is likely to make new in-roads in the humidifier market. Asia Pacific region is expected to witness the fastest growth in the near future as humidifiers take center stage, thanks to changing global climates and growing disposable income in the region.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.