The global Air Purification Market was valued at USD 12.26 billion in 2021. The market is projected to grow USD 21.1 billion in 2028 at a CAGR of 8.06%.
Air purifiers are primarily utilized for the removal of dust, volatile organic matter, toxic fumes harmful odors, and oil mist. Stringent government rules and regulations for controlling air pollution are driving the growth in this market.
Increasing health consciousness among individuals, and rising pollution levels in urban areas are rapidly boosting the adoption of air purifiers. Moreover, increasing disposable income and the increasing threat of airborne diseases are expected to boost sales during the forecast period.
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The Global Air Purification Market research study is a thorough assessment of the global Air Purification industry, which has piqued the interest of a number of Air Purification decision-makers, organizations, authorities, chiefs, and potential speculators and analysts. The study highlights important aspects of the industry, such as the competitive scenario, state, parts, market size, share, profitability, growth potential, and developments.
COVID-19 ANALYSIS
The COVID-19 outbreak has severely affected the economy but the Air Purification Market saw increased sales due to need to curb cross contamination.
The benefits of air purifiers such as eliminating harmful chemicals from indoor environments, neutralizing unpleasant odors, and reducing the spread of airborne diseases are expected to propel demand.
Key players in global Air Purification market include:
Honeywell International, Inc.
IQAir, Koninklijke Philips N.V.
Unilever PLC
Sharp Electronics Corporation
Samsung Electronics Co., Ltd.
LG Electronics
Panasonic Corporation
Whirlpool Corporation
Dyson
Carrier
The study also focuses on the most influential factors in the global Air Purification market, such as altering business sector elements, contemporary trends, development driving components, market constraints, and snags, as these may have a favorable or negative impact on market growth. The paper breaks down the above factors on a moment-by-moment basis, as well as providing key forecasts for the period up to 2028.
The Air Purification Market 2022 research includes a thorough examination of the industry's financial, political, and natural factors. The research examines technological breakthroughs in the areas of generation, application, and much more.
The report also includes within and outside contextual analyses of the several countries that are closely linked to the Air Purification creation. An examination of the Air Purification Market's specialized borders, various challenges, and cost appropriateness. With this report, determining the chances, eventual fate, and constraints of the Air Purification becomes a lot easier.
To give a complete study of the worldwide Air Purification market structure, as well as forecasts for the major segments and subsegments.
To give information on the elements that influence market growth. Price analysis, supply chain analysis, Porter five force analysis, and other aspects will be used to analyze the Air Purification market.
To give historical and future revenue for market segments and sub-segments in four major geographies and countries: North America, Europe, Asia, Latin America, and the Rest of the World.
To give a country-level market study in terms of current market size and future prospects.
To give market segmentation by application, product type, and sub-segments at the country level.
To provide strategic profiling of important market participants, a thorough analysis of their core strengths, and a competitive landscape for the market.
To monitor and analyze competitive trends in the worldwide Air Purification market, such as joint ventures, strategic alliances, mergers and acquisitions, new product development, and research & development.
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