Global Non-Residential Humidifier Market 2017-2021

Overview of the global non-residential humidifier market

The global non-residential humidifier market is anticipated to grow at a steady rate and will post a CAGR of close to 5% during the forecast period. The growing textile industry in APAC will drive the growth prospects for the non-residential humidifier market until the end of 2020. One of the major factors that will drive the demand for humidifiers in the textile industries is the hygroscopic nature of textiles, which makes them susceptible to changes in moisture content. Moreover, the incorrect humidity control may impact textile properties such as tensile strength, fiber diameter, elasticity, and friction and cause weight loss. Another contributing factor responsible for the increasing demand for humidifiers in the textile industries is the build-up of static charges in textile processing. Consequently, the need for humidifiers grows to maintain optimal humidity control for the proper processing of these textile materials. Moreover, the growth of the textile industry in APAC countries will contribute to the demand for humidifiers during the forecast period. In addition, due to favorable business conditions, domestic demand for textiles is increasing in countries such as China, India, Bangladesh, and Vietnam.

In terms of geography, APAC accounts for the maximum market share in 2016 and will continue to dominate the non-residential humidifier market for the next few years. One of the major factors driving the market’s growth in the region is the worsening condition of air due to pollution, which drives the demand for air treatment products in the region. Other major factors responsible for the market’s growth include the availability of attractively priced and innovative humidifiers and well-established distribution channels with contractors and dealers that are trained in the product's distinct qualities. Furthermore, it is estimated that the major demand for non-residential humidifiers in APAC will also arise from the food and beverage and automobile industries.

Competitive landscape and key vendors