Industry Overview - The humidifying fan market began to emerge in 2022, initially utilizing high-pressure nozzle technology, later evolving to centrifugal mist technology for improved portability [1][11] - The increasing living standards and heightened awareness of home comfort and health have driven demand for humidifying fans, which enhance air circulation and humidity, alleviating dryness-related issues [1][11] - The market size of China's humidifying fan industry was 550 million yuan in 2022, projected to grow to 1 billion yuan by 2024 [1][11] Application Areas - Humidifying fans are increasingly used in both residential and commercial settings, including offices, shopping malls, and industrial environments, expanding the market space [1][11] - The restaurant industry is a significant application area, where humidifying fans help reduce temperatures and enhance customer dining experiences, especially in summer [9][11] Industry Chain - The upstream of the humidifying fan industry includes components like electric motors, steel, and plastics, which directly affect manufacturing quality and costs [5] - The downstream applications encompass various environments such as outdoor restaurants, entertainment venues, and public transport stations [5] Competitive Landscape - Major brands dominate the humidifying fan market due to their brand influence, technological strength, and market expansion capabilities [13] - Key players include Haier Smart Home, Gree Electric Appliances, Bosch Home Appliances, and others, which have established strong R&D and production capabilities [13] Material Supply - Plastic is a primary component of humidifying fans, with the Chinese plastic products industry expected to produce 77.076 million tons in 2024, indicating a stable supply for the humidifying fan market [7] Market Trends - The industry is moving towards smart technology integration, allowing remote control of humidifying fans via mobile apps or voice assistants [19] - There is a growing demand for portable humidifying fans that combine cooling and humidifying functions, suitable for various spaces [19] - Increasing consumer focus on indoor air quality and health is expected to sustain market demand for humidifying fans [19]