Air Purifier Market Size, Share, Growth 2021-2027
A comprehensive overview of the global air purifier market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the air purifier market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the global air purifier market at regional and country levels. The Global Air Purifier Market is expected to grow at a CAGR of above 8% from 2021-2027.
Market Overview
Air pollution is a huge concern to health all around the world, from haze hanging over cities to smoke within the home. Almost 9 out of 10 people are exposed to levels of air pollution that raise their risk of diseases such as heart disease, stroke, chronic obstructive pulmonary disease, cancer, and pneumonia. The World Health Organization monitors the levels of exposure and health effects of air pollution at the national, regional, and global levels due to ambient (outdoor) and household air pollution. According to WHO, climate change is estimated to cause roughly 250,000 more fatalities per year between 2030 and 2050, primarily due to starvation, malaria, diarrhea, and heat stress.
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COVID-19 Impact
Lockdown measures to curb the spread of COVID-19, coupled with the stay-at-home and work from home norms, have boosted the demand for air purifiers in residential applications. New product developments and technological advancements amid the COVID-19 pandemic are anticipated to augment the market growth.
Global air purifier market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Filtration Technology, the market is primarily bifurcated into:
· High Efficiency Particulate Air
· Activated Carbon
· Electrostatic Precipitator
· Others
Based on filtration technology, air purifier market is divided into high efficiency particulate air (HEPA), activated carbon, electrostatic precipitators, and others. Activated carbon filters consists of minute pieces of carbon in powdered blocks or granular form, especially when treated with oxygen, to open the pores of carbon atoms. This increases the carbon surface area and makes it porous, thereby augmenting its ability to absorb airborne particles. Electrostatic precipitator is most effective for cleaning industrial fumes and are commonly used in industries.
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By Application, the market is mainly segmented into:
· Residential
· Commercial
· Industrial
Activated carbon and HEPA air purifiers are used in hotels and restaurants for removing airborne particulates, smoke, and odor from the air, thereby improving the air quality of the area. In addition, air purifiers are used in dental and medical laboratories, airborne pathogens, and odor from the air and maintain indoor air quality for patients as well as employees working in these facilities.
By Type, the market is mainly segmented into:
· Portable
· In-Duct
In-duct air purifier capture considerable market presence and expected to grow at an influential rate during the projected year owing to the increasing adoption by industries.
Global Air Purifier Market Geographical Segmentation Includes:
· North America (United States, Canada, Rest of North America)
· Europe (Germany, UK, France, Spain, Rest of Europe)
· Asia-Pacific (China, Japan, India, Australia, Rest of APAC)
· Rest of World
Based on the estimation, Asia Pacific held significant market share in 2020. Asia Pacific with countries such as China, Japan, South Korea, India, Australia among others is expected to witness high demand for air purifier owing to growing awareness of benefits associated with air purifiers among population and industrial sector in the region.
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The major players targeting the market includes:
· Honeywell International Inc.
· IQAir
· Koninklijke Philips N.V.
· Unilever PLC
· Samsung Electronics Co., Ltd.
· LG Electronics Inc.
· Panasonic Corporation
· Whirlpool Corporation
· Daikin Industries Ltd.
· Carrier Global Corporation
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analyst sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global air purifier market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
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Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the global air purifier market?
· Which factors are influencing the global air purifier market over the forecast period?
· What are the global challenges, threats, and risks in the global air purifier market?
· Which factors are propelling and restraining the global air purifier market?
· What are the demanding global regions of the global air purifier market?
· What will be the market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by the companies?
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