Report Ocean introduces a fresh report examining the ‘Global Air Purifier Market’, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
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. 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.
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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.
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)
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
- 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)
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa)
Some Questions Answered in the Air Purifier Market Report:
- What is the projected size of the global Air Purifier market in 2032, and what growth rate is expected?
- What are the primary drivers of growth in the global Air Purifier industry?
- What are the major market trends that are affecting the expansion of the Air Purifier market?
- What obstacles must be overcome in order to achieve sustained growth in the Air Purifier market?
- What opportunities and threats do vendors in the global Air Purifier market face?
- What are the raw materials and manufacturing equipment used in the production of Air Purifier, and what is the manufacturing process?
- What are the different types and applications of Air Purifier, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Air Purifier market?
- What factors are driving the growth of the Air Purifier market in the top regions worldwide?
- Who are the major players in the global Air Purifier market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Air Purifier market?
- What are the main findings of a five forces analysis of the global Air Purifier market?
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