Portable Humidifiers Market
Portable Humidifiers Market By Type (Cool Mist Humidifiers, Warm Mist Humidifiers, Ultrasonic Humidifiers, Evaporative Humidifiers), By Application (Residential, Commercial, Hospitals and Clinics, Educational Institutions, Corporate Offices), By Region - Global Market Insights 2020 to 2030
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.
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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.
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.
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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.
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.
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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.
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.
By Type :
- Cool Mist Humidifiers
- Warm Mist Humidifiers
- Evaporative Humidifiers
- Ultrasonic Humidifiers
By Humidity Output :
- 1 gallon/ day
- 1.5 - 2 gallons/ day
- 2.1- 2.5 gallons/ day
- 3 - 3.5 gallons/ day
- > 3.5 gallons/ day
By Application :
- Hospitals and Clinics
- Educational Institutions
- Corporate Offices
By Sales Channel :
- Independent Electronic Stores
- Franchised Electronic Stores
- Online Retail
- Company Website
- Third Party Online
By Region :
- North America
- Latin America
- East Asia
- South Asia