May 08, 2020

Portable Humidifiers Market Poised to Rebound with 4% Growth in the Aftermath of COVID-19, Infers Fact.MR

by Team Fact.MR

The Portable humidifiers market is anticipated to grow at a modest CAGR of 4% during the forecast period. The COVID-19 pandemic has been detrimental to myriad industries. Its effects on the portable humidifiers market have been palpable during the lockdown phase. The shutdown of multiple distribution channels has led to falling sales of portable humidifiers. Effects of the lockdowns on consumer confidence and spending is expected to dampen sales during lockdowns. The recovery period is expected to present highly lucrative opportunities for portable humidifiers. Their efficacy in treating dryness of nose and throat, is expected to  substantially increase sales of portable humidifiers during the present pandemic.

Key Takeaways of Portable Humidifiers Market Study:

  • North America accounts for a prominent share in the portable humidifiers market, while South Asia is expected to be the fastest growing region.
  • In terms of type, warm mist humidifiers are expected grow faster than other portable humidifiers, expanding1.8X from 2020 to 2030.
  • In terms of humidity output, 1.5 - 2 gallons a day segment accounts for nearly one third of the market share.
  • Commercial applications are expected to grow 1.6X during the forecast period and will gain substantial share in the portable humidors market.
  • Independent electronic stores are expected to maintain their dominance in the portable humidors market.

“Portable humidifiers market is expected to show prominent recovery during the forecast period. Strategies to increase commercial clientele is anticipated to prove lucrative in the long term forecast”, says the Fact.MR analyst

Innovative and Differentiated Product Offerings to Pave Way for Top Players

The portable humidifiers market has experienced a plethora of investments in the recent past. Companies have focused on expansion of their product portfolio for increasing their sales. In January 2020, Proctor and Gamble acquired Billie Inc., to increase their production capacity and portfolio. Honeywell International, Inc. acquired Rebellion Photonics and Transnorm Beteiligungen GmbH for increasing their product portfolio as well as integrating innovative solutions in their portfolio. Similar movements in the portable humidifiers market are expected to be supplemental to the growth of portable humidifiers market.

Find More Valuable Insights on Portable Humidifiers Market

Fact.MR, in its new offering, brings to fore an unbiased analysis of the global portable humidifiers market, presenting historical demand data (2015-2019) and forecast statistics for the period, 2020-2030. The study divulges compelling insights on the portable humidifiers market on the basis of type (cool mist humidifiers, warm mist humidifiers, evaporative humidifiers, and ultrasonic humidifiers), humidity output (1 gallon/ day, 1.5 - 2 gallons/ day, 2.1- 2.5 gallons/ day, 3 - 3.5 gallons/ day, and > 3.5 gallons/ day), application {residential and commercial(hospitals and clinics, educational institutions and corporate offices)} and sales channel {independent electronic stores and franchised electronic stores (online retail, company website, and third party online)} across seven major regions.

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About the Retail and Consumer Goods Division at Fact.MR

Being a consortium of large number of sub-industries, not many market research companies are being able to fulfil the requirements of consumer product clients. Though, Fact.MR retail and consumer goods analysts at Fact.MR have been categorically tracking the broader sub-industries to keep themselves abreast of the recent happenings in the market. Our practical approach to product design and pricing strategy contributes to the growth of businesses that are struggling to hit the ‘move-the-needle’ bottom line. With unmatched analytical diligence, the team at Fact.MR helps organizations design product differentiation strategies and introduce exclusive product(s) to their existing portfolio. For more retail domain insights, visit here.