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.