Technavio, a tech-focused market research firm, has published a new report on the global non-residential humidifier market, which is expected to experience steady growth rate with a CAGR of close of more than 5% during the forecast period 2017-2021.
This latest report by Technavio covers the market outlook and growth prospects of the global non-residential humidifier market for 2017-2021, considering 2016 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global non-residential humidifier market into the following key regions: the Americas, APAC, and EMEA.
Geographical segmentation of the global non-residential humidifiers market for 2016 (market share %)
|
APAC |
41.42% |
|
Americas |
31.22% |
|
EMEA |
27.36% |
Source: Technavio
APAC: largest revenue generating region for non-residential humidifiers
During 2016, APAC dominated the global market for non-residential humidifiers by accounting for more than 41% of the overall market share. The growth of the market in this region is attributable to the deteriorating air pollution and the subsequent demand for air treatment products. In China, despite environmental initiatives such as the promotion of e-bikes, the air quality is deteriorating. Airborne pollutants have led to the increase in allergies and diseases. To obviate the possibility of diseases, consumers are increasingly investing in air treatment devices such as humidifiers.
According to Anju Ajaykumar, a lead analyst at Technavio, specializing in research on engineering tools, “The success of the market is dependent on the availability of attractively priced and innovative humidifiers. Well-established distribution channels with contractors and dealers trained in the product’s distinct qualities are imperative to be successful in the market. It is essential that the vendors in the market space choose the appropriate distributors in this region to ensure sustainable revenue generation.”
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Non-residential humidifier market in the Americas
The Americas accounted for more than 31% of the global market in 2016. The market in this region is driven by the demand for non-residential humidifiers that prevent illnesses arising from poor air quality, increasing commercial construction, and replacement demand for energy-efficient humidifiers. The market is dominated by adiabatic humidifiers, with end-users increasingly switching to ultrasonic humidifiers, owing to reduced operational costs. Very few humidifiers are completely produced in the Americas. Vendors are dependent on international shipments for raw materials, which are subject to trade regulations and logistic bottlenecks.
Non-residential humidifier market in the EMEA
Developed markets have seen a rise in the number of offices equipped with electrical appliances, which can attract dust and impact the humidity in the environment. The changes to living spaces in the region is expected to drive the demand for non-residential humidifiers in the EMEA during the forecast period. The automotive industry is one of the major end-uses of non-residential humidifiers in the region. With countries like Germany and Italy, which are the major automotive manufacturers, the growth of the automotive industry will contribute to the growth of the non-residential humidifier market in EMEA.
The top leading vendors operating in the global non-residential humidifier market are:
- Carel Industries
- Condair
- Mee
Other prominent vendors in the market include AMCO, Armstrong International, DnB Humidifier Manufacturing, Humidifiers, Munters, Nordmann Engineering, Smart Fog, and STULZ USA.
A more detailed analysis is available in the Technavio report tilted, ‘Global Non-residential Humidifier Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Data Center Cooling Market in MEA 2016-2020
- Data Center Cooling Market in Southeast Asia 2016-2020
- Global Data Center Cooling Solutions Market 2016-2020
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