Digital Humidifier Market
Digital Humidifier Market Global Industry Assessment & Forecast
- By Product Cool Mist, Combined(Cold and Warm Mist)
- By Application Residential, Commercial, Other
|Forecast Years:||2021 - 2028|
|Historical Years:||2016 - 2020|
|Revenue 2021:||2.5 Billion|
|Revenue 2028:||11.34 Billion|
|Revenue CAGR (2021 - 2028):||20.8|
|Fastest Growing Region (2022 - 2028)||North America|
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
The global Digital Humidifier market was valued at USD 2.5 Billion in 2020 and is projected to reach USD 11.34 Billion by 2028, growing at a CAGR of 20.8% from 2021 to 2028.
|Historical Data (Actual Data)||2016-2020|
|Base Year Data||2020|
|Current Year Date||2021|
|Projected year data||2021-2028|
|Annual Market Size (2028)||11.34 Billion|
|Annual Market Size (2021)|
|CAGR (2021 - 2028)||20.8%|
Overview and Description
Humidifier definition, a device for increasing the amount of water vapor in the air of a room or building, consisting of a container for water.
The global Digital Humidifier market is segmented based on products, applications, regions, and countries. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028.
COVID-19 Impact Analysis
COVID-19 pandemic led to government of numerous countries across the globe to impose strict lockdown restrictions during the preliminary stages. In 2021, numerous countries faced the adverse effects of the pandemic due to the outbreak of second wave, which also led governments to again impose lockdown measures. Business shutdowns, partial business operations, and travel restrictions have led to challenges in supply chain and in turn production. However, it is expected that reopening of trade activities, the market will witness steady growth in the demand in the coming years. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.
The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:
o Impact Assessment of COVID-19 Pandemic
o Pre & Post COVID-19 Market Size
o Qualitative analysis on the short term & long term impact of COVID-19 on the market
o The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.
Increasing adoption of smart homes attributed to COVID-19 situation expected to further drive market growth over the forecast timeline.
The emergence of IoT-enabled HVAC systems is needed to provide huge growth possibilities in the market.
High manufacturing and installation costs of smart thermostats hamper the growth and market trend.
Global Digital Humidifier Market Report Scope
|Market Size Provided for Years||2016-2028|
|Market Size Provided In Terms Of||Revenue & Volume|
|Segments Covered||Product, Application|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Countries Covered||The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Companies Covered||BONECO, Ivation, TaoTronics, Bionaire, Comfort Zone, AirCare, Babymoov, Holmes, Avalon, Crane USA, Air Innovations,|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
Global Digital Humidifier Market: Product Segment Analysis
- Cool Mist
- Combined(Cold and Warm Mist)
Global Digital Humidifier Market: Application Segment Analysis
Regional Analysis: Preview
Based on region, the global Digital Humidifier market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea.
The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Digital Humidifier market are BONECO, Ivation, TaoTronics, Bionaire, Comfort Zone, AirCare, Babymoov, Holmes, Avalon, Crane USA, Air Innovations,. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.
Market Size, 2021 (USD Billion)
Global Digital Humidifier Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Key Highlights – Global Digital Humidifier Market
- Global Digital Humidifier Market is projected to reach USD 11.34 Billion by 2028
- North America held the highest share of the Digital Humidifier market
- Cool Mist held the largest share of the product segment in the Digital Humidifier market
- Commercial held the major share of the application segment in the Digital Humidifier market
Frequently Asked Question
What is the global demand for Digital Humidifier in terms of revenue?
The global Digital Humidifier valued at 2.5 Billion in 2020 and is expected to reach 11.34 Billion in 2028 growing at a CAGR of 20.8%.
Which are the prominent players in the market?
The prominent players in the market are BONECO, Ivation, TaoTronics, Bionaire, Comfort Zone, AirCare, Babymoov, Holmes, Avalon, Crane USA, Air Innovations,.
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 20.8% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
The driving factors of the Digital Humidifier include
- Increasing adoption of smart homes attributed to COVID-19 situation expected to further drive market growth over the forecast timeline.
- The emergence of IoT-enabled HVAC systems is needed to provide huge growth possibilities in the market.
Which region accounted for the largest share in the market?
North America was the leading regional segment of the Digital Humidifier in 2020.