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Industrial Humidifier Market Share
The global industrial humidifier industry is highly fragmented owing to the presence of several market players. Major companies operating in the market are Condair, SLUTZS, Bry-air, accounting over 33% market share in the year 2023. The major market players are focusing on mergers & acquisitions, facility expansion, and strategic partnerships to expand their product offerings, customer reach, and enhance market presence. Companies are also focusing on acquisition strategy.
Government support to boost the adoption of low GWP refrigerant and the geographical expansion of key players are anticipated to intensify the market competition over the forecast timeframe. An acquisition strategy enables a company to enter new markets and product lines instantaneously with a recognized brand having a good reputation and an existing client base. An acquisition can overcome market entry barriers that were previously challenging.
Industrial Humidifier Market Companies
Major players operating in the Industrial Humidifier industry include:
- Condair Group AG
- STULZ GmbH
- Bry-Air (Asia) Pvt. Ltd.
- Nortec Humidity Inc. (Condair Group)
- Munters Group AB
- HygroMatik GmbH
- DRI-STEEM Corporation
How big is the Industrial Humidifier Market?
The market size of industrial humidifier was reached USD 1.6 billion in 2023 and is anticipated to register a CAGR of over 4.8% between 2024 and 2032, driven by its utility in data centers and cold storage facilities.
Which companies define the competitive landscape of industrial humidifier market?
Condair Group AG, STULZ GmbH, Bry-Air (Asia) Pvt. Ltd. are some of the major industry contenders.
What factors are pushing the growth of the U.S. industrial humidifier market?
U.S. industrial humidifier industry generated a revenue of over USD 400 million in 2023 is anticipated to showcase sustained growth through 2032, driven by utility in automotive manufacturing, textiles, and electronics industry.
Why are evaporative industrial humidifiers gaining traction?
Evaporative humidifiers segment was worth USD 600 million in 2023 and is anticipated to grow at a steady rate through 2032, driven by growing awareness of sustainability, and huge focus to achieve energy savings in commercial spaces.