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Jun 10, 2023

Global Portable Humidifier Market Set to Reach USD 6.01 Billion by 2031, With a Sustainable CAGR Of 5.0%

News provided by 11 May, 2023, 06:33 ET Share this article PUNE, India, May 11,

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11 May, 2023, 06:33 ET

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PUNE, India, May 11, 2023 /PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "Portable Humidifier Market by Type (Cool Mist Humidifiers, Warm Mist Humidifiers) By Technology (Evaporative Humidifiers, Ultrasonic Humidifiers) By End-user Industry (Residential Humidifier, Commercial Humidifier, Industrial Humidifier) By Sales Channel (Pharmacies, Supermarkets/Hypermarkets, Specialty & Other Offline Channels, Online channels), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031", The global portable humidifier market size was around USD 3.8 Bn in 2022 and is expected to reach USD 6.01 Bn in 2031, expanding at a CAGR of 5.0% during the forecast period, 2023-2031.

Key Market Players Profiled in the Report

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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include type, device, and competitor analysis.

This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.

Highlights on the segments of the Portable Humidifier Market

Based on type, the global market is segmented into cool mist humidifiers and warm mist humidifiers. The cool mist humidifiers segment is expected to gain a substantial market share in the forecast period. Cool mist is widely used in the residential and industrial sectors as it helps to protect the nasal and respiratory areas from bacterial discomfort.

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Based on technology, the global portable humidifier market is segmented into evaporative humidifiers and ultrasonic humidifiers. The ultrasonic humidifiers segment is expected to hold a major market share in the coming years owing to the increasing demand for these humidifiers in indoor plantings, such as in warehouses and greenhouses.

Based on end-user, the market is divided into residential humidifiers, commercial humidifiers, and industrial humidifiers. The residential humidifier segment is expected to hold a significant share of the market in the forecast period due to the increasing consumer spending on humidifiers as they aid in preserving a pathogen-free, easing respiratory discomfort, soothing skin irritation, healthy indoor environment, and other.

Based on sales channel, the global portable humidifier market is divided into pharmacies, supermarkets/hypermarkets, specialty stores, and online. The online segment is expected to grow in the forecast period.

On the basis of region, the global market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in Asia Pacific is expected to expand at a significant growth rate during the forecast period due to hot and humid weather, the natural evaporation process ensuring optimized performance, and increasing demand for advanced humidifiers to prevent wet spots and white dust in newly constructed households in China, India, Japan, and other countries.

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Key Takeaways from the Study:

Read 185 Pages Research Report with Detailed TOC on "Segments - By Type (Cool Mist Humidifiers, Warm Mist Humidifiers) By Technology (Evaporative Humidifiers, Ultrasonic Humidifiers) By End-user Industry (Residential Humidifier, Commercial Humidifier, Industrial Humidifier) By Sales Channel (Pharmacies, Supermarkets/Hypermarkets, Specialty & Other Offline Channels, Online channels) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031"

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Key Segments Covered

By Type

By Technology

By End-user Industry

By Sales Channel

Region

Other Related Reports:

About Growth Market Reports:

Growth Market Reports provides global enterprises as well as small & medium businesses with unmatched quality of "Market Research Reports" and "Industry Intelligence Solutions". Growth Market Reports has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, and secondary research & consumer surveys.

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SOURCE Growth Market Reports