Global Indoor Humidifier Market to Reach $1 Billion by 2030
The global market for Indoor Humidifier estimated at US$789 Million in the year 2023, is expected to reach US$1 Billion by 2030, growing at a CAGR of 3.7% over the analysis period 2023-2030. Vaporizers, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$315.3 Million by the end of the analysis period. Growth in the Ultrasonic System segment is estimated at 3.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $205.9 Million, While China is Forecast to Grow at 6.5% CAGR
The Indoor Humidifier market in the U.S. is estimated at US$205.9 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$231.1 Million by the year 2030 trailing a CAGR of 6.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$149.7 Million by the year 2030.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook