Led by APAC, Air Purifier Market to Grow at 13% until 2025
Increasing concerns about
indoor air pollution, growing urbanization and rising disposable income to
drive global air purifier market
According
to TechSci Research report, “Global Air
Purifier Market By Filter Type, By End User, By Region, Competition,
Forecast & Opportunities, 2025”, the global air purifier market is forecast to grow at a CAGR
of around 13% during 2020 – 2025 due to growing health concerns among people
about indoor air pollution, rising number of product innovations and increasing
disposable income. To meet the increasing requirements and
looking at rising air pollution levels, globally, leading market players are
focusing more towards developing high-end air purifiers, which is expected to
further drive global air purifier market through 2025.
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The
shift towards using air purifiers is expected to increase over the next five
years due to rising health consciousness among the people and increasing
incidences of health-related problems due to air pollution. The global air
purifier market is segmented based on the product type, end-user, region and competition.
Based on the end-user, the market is bifurcated into Residential, Commercial and
Industrial. Until 2019, the commercial segment dominated in the global air
purifier market and the segment’s share is forecast to further increase during
the forecast period. Further, the global air purifier market is segmented based
on filter type which includes HEPA & Activated Carbon, Ion & Ozone, Electrostatic
Precipitators, HEPA & Activated Carbon + Ion & Ozone, HEPA, Activated
Carbon and Others. Till 2019, HEPA & Activated Carbon category held the largest
share in the global air purifier market.
Asia
Pacific accounts for the largest share in the global air purifier market and
this trend is anticipated to continue with the region grabbing more than 55%
share by 2025. Camfil AB, Panasonic Corporation, IQAir
AG, Blueair AB, Koninklijke Philips N.V., Honeywell International Inc., Coway
Co., Ltd., Sharp Corporation, Samsung Electronics Co. Ltd., LG Electronics Inc.,
Austin Air Systems Ltd. , Jarden Consumer Solutions (Europe) Limited, AllerAir
Industries, Alen Corporation, Eureka Forbes Ltd., Rabbit Air, Beijing YADU
Science & Technology Co., Ltd., and Daikin Industries Ltd are
some of the leading players operating in the global air purifier market. The companies
operating in the market are using organic strategies such as product launches,
mergers and collaborations to boost their market share and to expand their
customer base.
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“Asia
Pacific holds the largest share in the global air purifier market, followed by North
America, owing to growing industrial air pollution in both the regions. Both of
these regions account for more than 90% of the global air purifier market. Asia-Pacific
is expected to continue its dominance in the coming years, which can be
attributed to rising and ageing population, increasing air pollution and growing
awareness about its impact on human health.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Global Air Purifier Market By Filter Type, By End User, By
Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of air
purifier market and provides statistics & information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyses the emerging trends along with
essential drivers, challenges and opportunities in the global air purifier
market.
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