Report Ocean has recently published the “Air Purifier Market” Research Report 2023-2030, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2030.
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The global air purifier market is expected to reach approximately USD 6.18 Billion by 2023, expanding at a compound annual growth rate (CAGR) of 5.2% during 2018-2023.
Increasing concerns regarding poor indoor air quality (IAQ), and growing ailments associated with air pollution are responsible for driving the demand of air purification systems.
Filter type segment insights:
Based on filter type, the market has been segregated into high efficiency particulate air (HEPA) filters, ionic filters, and activated carbon and electrostatic precipitators. The HEPA filters segment dominated the residential air purifiers market in 2018, and is expected to remain dominant over the forecast period. HEPA filters in residential air purifiers help trap air pollutants and aid in providing relief from allergens. Activated carbon is the other crucial market segment, accounting for more than a quarter of the global share in 2018. Electrostatic precipitator and ionic filters account for 37% of the global air purifier market, showing moderate growth during the forecast period.
Regional insights:
Rise in the adoption of residential air purifiers in countries such as Brazil, China and India, has increased the demand for residential air purifiers globally, owing to the amount of indoor pollution. Asia-Pacific (APAC) accounted for majority of the market share for residential air purifiers in 2018, and the region is expected to remain a significant revenue contributor over the forecast period. China and India lead the market due to increased adoption of residential air purifiers, along with the growing urban population share in the APAC region. In the Americas, increase in adoption of air purifiers equipped with HEPA-based filter system to eliminate smoke and dust from air indoors is helping maintain the markets growth momentum. The Middle East and Africa (MEA) is slated to be one of the fast-growing regions over the estimated period of time as it continues to invest in infrastructure and other construction activities. Europe accounts for a steady demand of air purifiers due to the increasing awareness regarding its health benefits.
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Companies covered:
Sharp Corporation
Panasonic
Honeywell International
Coway Co. Ltd.
Daikin
Samsung Electronics Co., Ltd.
Whirlpool Corporation
L.G. Electronics
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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The report addresses the following key questions regarding the Air Purifier market:
- What is the expected growth rate of the market in the upcoming years and what factors are driving this growth?
- How do consumers perceive and adopt different types of Air Purifier in the market?
- How are regulatory policies and government initiatives impacting the growth of the Air Purifier market?
- What is the market share of the top 5 players in the Air Purifier market and how is it likely to change in the future?
- What are the latest technologies and innovations in the Air Purifier market and how are they shaping the industry landscape?
- How do macroeconomic factors such as inflation, GDP, and exchange rates affect the Air Purifier market?
- What are the challenges related to the supply chain and logistics that Air Purifier market players face and how are they addressing them?
- How is the changing consumer behavior and preferences influencing the dynamics of the Air Purifier market?
- What are the potential risks and uncertainties associated with investing in the Air Purifier market, and how can they be mitigated?
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Air Purifier market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Air Purifier market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Air Purifier market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Air Purifier business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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