Press Release

IQAir, Phillips & Honeywell Lead Global Air Purifiers Market Share

Increasing incidence of lifestyle diseases, rising awareness about harmful effects of air pollutants on health & wellbeing and implementation of favorable government regulations to drive global air purifiers market through 2022

According to TechSci Research report, Global Air Purifiers Market By Filter Type By End User, By Region, Competition Forecast & Opportunities, 2012-2022, global air purifiers market is projected to grow at a CAGR of over 14%, during 2017-2022. Rising number of vehicles, which are responsible for emission of harmful particulate matter, increasing health concerns and growing GDP per capita are among the major factors boosting demand for air purifiers across the globe. Until few years back, air purifiers were perceived as a luxury lifestyle product, especially in developing economies. However, of late, rising incidence of fatal diseases such as asthma, lung cancer, and other respiratory and cardiovascular diseases have augmented adoption of air purifiers across the globe.

Browse 10 market data Tables and 108 Figures spread through 201 Pages and an in-depth TOC on "Global Air Purifiers Market"

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In 2016, North America dominated global air purifiers market, on account of high disposable income levels of consumers and rising awareness about the health benefits of using advanced technology based air purifiers. In the coming years, Asia-Pacific is anticipated to emerge as one of the major markets for air purifiers, due to rising focus on preventive healthcare and increasing healthcare expenditure. Rising demand for air purifiers from countries such as China and India, due to increasing vehicular emissions and degrading indoor air quality, is also anticipated to fuel growth in APAC air purifiers market. HEPA & activated carbon technology based air purifiers dominated global air purifiers market due to their high efficiency, and ability to effectively eliminate particulate matter and odors from air.

Global air purifiers market is led by IQAir followed by Phillips and Honeywell but considering the aggressive marketing and expanding distribution network to make Phillips market leader by 2022 overtaking IQAir.

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Rising construction activities, robust pace of industrialization, implementation of stringent regulations by governments across various countries and rising standard of living are anticipated to stimulate growth in air purifiers market across developed as well as developing geographies. Additionally, rapid urbanization, easier accessibility to lifestyle products, changing consumer preferences, strengthening supply chain network and rising health concerns across the globe are expected to augur well for the global air purifiers market. Technological advancements in air purifier technologies such as better efficiency and ability to trap allergens such as dust, pollen, pet dander, mold spores, etc., is also anticipated to increase adoption of air purifiers across the globe in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Air Purifiers Market By Filter Type By End User, By Region, Competition Forecast & Opportunities, 2012-2022has evaluated the future growth potential of global air purifiers market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in global air purifiers market.

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Relevant Reports

Global Air Purifiers Market By Filter Type (HEPA & Activated Carbon; HEPA, Activated Carbon and Ion & Ozone Generator; etc.), By End User (Industrial, Residential & Commercial), By Region, Competition Forecast & Opportunities, 2012-2022

Consumer Goods and Retail | Apr, 2017

Increasing incidence of lifestyle diseases, rising awareness about harmful effects of air pollutants on health & wellbeing and implementation of favorable government regulations to drive global air purifiers market through 2022

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