Portable Humidifiers Market Insights:
While COVID-19 has been detrimental to multiple industries, the effect of the pandemic is expected to be minimal on the portable humidifiers market. Some disruptions in the supply chain are expected due to plummeting sales and logistical anomalies.
The first three quarters of 2020 are expected to register a shortfall in sales volume, with anticipated recovery in the last quarter. Regulatory decisions supporting partial easing of industrial lockdowns are expected to restore sales of portable humidifiers. Portable humidifiers market is estimated to be valued at around US$ 1.5 Bn in 2020 and are set to grow at CAGR of 4% during the forecast period.
Portable Humidifiers Market Application Insights:
Commercial applications of portable humidifiers account for nearly 40% of the market. Portable humidifier water bottles are seen to soar on popularity amidst the COVID-19 pandemic. Substantial increase on their spending in corporate offices, educational institutions and hospital clinics is anticipated post pandemic and this will contribute to market growth.
Clinical usage, corporate usage and portable humidifiers for cars is expected to contribute to high demand growth in commercial applications. Commercial applications are expected to gain the share lost by residential applications over the forecast period.
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Portable Humidifiers Market Regional Insights:
In the present scenario, North America and Europe dominate the portable humidifiers market. Portable humidifier masks are gaining immense traction in the markets of North America and Europe amidst soaring infection rates and fatalities. East Asia and South Asia are expected to show prominent growth during the forecast period.
Low penetration of established players in domestic markets is hindering the sales of portable humidifiers with nation-wide lockdowns. Expansion of established players’ market footprint in these foreign markets is expected to be beneficial to the market’s growth.
Portable Humidifiers Market Manufacturers to Move towards Consolidation
The portable humidifiers market is fragmented with top players accounting for one third of the revenue share in the market. Rapid expansion of the top players in foreign markets is expected to increase consolidation within the market. Key players in the market like Honeywell International, Inc, Proctor and Gamble, and Condair Group have been expanding their reach globally for greater hegemony in the market.
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COVID-19 Market Insights:
The Covid-19 pandemic has adversely impacted the consumer goods industry where national and regional lockdowns have disrupted both production and supply chains. It is possible that the effect on retail firms will be complex, affecting both the equation's demand and supply sides.
And unlike other sectors, a change in consumer habits have led to increased demand for several categories of consumer goods as well as shifting brand preferences. At the same time, manufacturers are determining how best to tackle possible disruptions to the supply chain and capacity constraints that may prevent them from meeting evolving customer needs.
The portable humidifiers market in particular also faced the impact of the Covid-19 crisis as demand was observed to be stagnant in February and March compared to the demand in 2019 during those months. The increasing demand of portable humidifiers in 2020 can be understood under three scenarios: positive, pessimistic and probabilistic.
Under the optimistic scenario, the global portable humidifiers market is expected to increase in the first and second quarter of 2020 under the Covid-19's strong impact, and demand may decline from the third quarter. On the other hand, under the probabilistic scenario, the market is expected to remain under the crisis until the end of second quarter, affecting the sales of portable humidifiers.
Although the impact of the crisis may marginally increase the demand for portable humidifiers in first two quarters in the pessimistic scenario, the market will begin to show decline by the third quarter of 2020.
The global portable humidifiers market is poised to grow positively during the forecast period. Investments by leading players in differentiated offering is expected to be highly supplemental to this growth.
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Global Portable humidifiers Market: Scope of the Report:
The recent global portable humidifiers market report by Fact.MR offers a 10-year forecast from 2020 to 2030. The report elaborates on the key drivers, restraints, opportunities and threats to the expansion of the global portable humidifiers market. A detailed segmental analysis, based on type, humidity output, application, and sales channel, has been provided in the report.
Regional analysis in terms of supply chain analysis, business execution and market value analysis provides an in-depth perspective about the future scope of the global portable humidifiers market. In addition, a separate section on market structure has also been provided. The section provides a detailed analysis of key market players and the strategies for expansion in the portable humidifiers market.
Portable humidifiers Market: Segmentation
FactMR’s study has done the segmentation of portable humidifiers market on the basis of type, humidity output, application, and sales channel.
- Cool Mist Humidifiers
- Warm Mist Humidifiers
- Evaporative Humidifiers
- Ultrasonic Humidifiers
- 1 gallon/ day
- 1.5 - 2 gallons/ day
- 2.1- 2.5 gallons/ day
- 3 - 3.5 gallons/ day
- > 3.5 gallons/ day
- Hospitals and Clinics
- Educational Institutions
- Corporate Offices
- Independent Electronic Stores
- Franchised Electronic Stores
- Online Retail
- Company Website
- Third Party Online
- North America
- Latin America
- East Asia
- South Asia
Portable Humidifiers Market
Portable humidifiers market is anticipated to witness a notable upsurge during the forecast period 2020 to 2030, conferring to a new Fact.MR study. The study promotes crucial trends that are presently determining the growth of portable humidifiers market. This newly published and perceptive report sheds light on vital dynamics, which are likely to convert the future of portable humidifiers market, in turn generating worthwhile opportunities for key companies as well as evolving players who are interested in the manufacturing of portable humidifiers.
Portable humidifiers market study is a detailed market intellect on key revenue progression factors, challenges, industry trends, and opportunities, which will eventually influence the growth of portable humidifiers market. The report primarily conveys a summary of the portable humidifiers market, considering present and upcoming consumer goods industry scenarios, to reveal striking sides relating to the acceptance of portable humidifiers across prominent regional markets.
A detailed assessment on few of portable humidifiers raw material suppliers accessible in the report allows the report readers to obtain detailed findings that have resulted from portable humidifiers supply chain analysis, business execution, and value chain analysis across the regional markets incorporated in the report. A list of prominent companies functioning in portable humidifiers market provided in the report enhances reliability of this ample research study.
Portable humidifiers Market: Report Summary and Scope
Study offers a comprehensive overview on diverse features that are inducing demand, revenue generation and sales in portable humidifiers market across the globe.
A comprehensive estimate on portable humidifiers market has also been made accessible by the experts, who have considered the market estimates on the basis of a likely scenario, an optimistic scenario, and a conservative scenario regarding sales of portable humidifiers during the forecast period. Analysis and estimation of price point comparison by region and by product with the global average price has been included in this study.
Portable Humidifiers Market: Analysis on Market Size Evaluation
Predictions of portable humidifiers market, encompassing current as well as forthcoming projected values estimate and analysis on region-wise demand trends and price index have been assimilated in the report.
Market estimates at the regional and global scale for portable humidifiers are available in terms of “US$ Mn.” A Y-o-Y growth contrast on prominent portable humidifiers market segments, along with the market attractiveness valuation computes understandings brought in the report. Metrics mentioned above are also followed based on portable humidifiers products where portable humidifiers witness a steady demand.
Portable Humidifiers Market: Scrutinized Assessment on Regional Segments
Weighted sections have been elaborated in the report on portable humidifiers market, which delivers projection on the regional markets. These chapters brighten the regional macros (political economic, and business environment outlook), which are expected to have a significant impact on the growth of portable humidifiers market during period of forecast.
Country-specific valuation on demand for portable humidifiers has been offered for each regional market, along with the market scope estimate and forecast, price index, price point assessment, and impact analysis of dynamics of prominent regions and countries. For all regional markets Y-o-Y growth estimates have also been incorporated in the report.
Portable Humidifiers Market: In-depth Analysis on Competitive Landscape
The report ends with a section on the competition scenario of portable humidifiers market, along with the profiles of major companies contributing to the market expansion. Essential and up-to-date data as well as information correlated to the market performers, who principally engage in the production and supply of portable humidifiers, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to plan preemptive steps to advance their businesses.
Impact of Covid-19 on Portable humidifiers Market
The report includes a scenario based assessment of impact of Covid-19 across key regions for all four quarters of 2020. The report discusses the market forecast under optimistic, probabilistic and pessimistic scenario. Under the three scenarios, the demand loss and recovery has been illustrated and described through L-shaped and U-shaped recovery curves. Alongside, the Covid-19 impact has been benchmarked with previous crisis including sub-prime crisis and SARS pandemic.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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