Dec. 1, 2014: North America Humidifier Market Forecast to Reach $300.4 Million by 2020
Humidifiers Find Extensive Use Across Industrial and Commercial Applications
ALBANY, N.Y. — The North America humidifier market was valued at $212.4 million in 2013, and is forecast to reach $300.4 million by 2020, according to a new market research report published by Transparency Market Research.
The market, on the basis of products, is segmented into ultrasonic humidifiers, evaporative humidifiers, warm-mist humidifiers, vaporizers, and steam to steam humidifiers. These humidifiers find extensive use across industrial and commercial applications. In industrial applications, the health care industry was the largest contributor and accounted for 34.4 percent of the overall industrial application segment revenue in 2013. Commercial applications of indoor humidifiers are expected to drive this market in the long run as businesses, such as retail and logistics, have realized the benefits of moisture control/prevention, and are expected to embrace humidification solutions for their expansion projects. Commercial sector demand is predominantly estimated to be contributed by end-users such as retail and cold stores, schools, museums, art and antique galleries, and apartments.
Humidifiers are utilized in industrial applications such as data centers, automobile production, textile plants, and wood, paper, and pulp processing units to avoid damage to the materials used in these industries. Moreover, humidifiers are widely used for critical applications such as research and development centers and automobile engine testing.
In 2013, evaporative humidifiers dominated the North America humidifier market, with demand largely contributed by the IT and automotive industries. However, owing to wide adoption of vaporizers in health care and enterprises, it is expected that vaporizers are expected to show consistent growth at a compound annual growth rate (CAGR) of 5.7 percent from 2014 to 2020. Additionally, government regulations that mandate the use of energy efficient products are propelling market growth for humidifiers across the industrial and commercial sectors.
Across the United States, the western U.S. — followed by the northeastern U.S. — was the largest market for humidifiers in 2013. The demand for humidifiers in these regions is contributed by heavily concentrated industries such as IT, automotive, and health care. Moreover, Canada and the western U.S. are expected to show high growth, in terms of revenue, primarily driven by a surge in demand from an increasing number of manufacturing plants for automobiles and the number of data centers in these regions.
For more information on the Indoor Humidifier Market report, click here.
Publication date: 12/1/2014