Air Purifier Market To Register Impressive CAGR During the Forecast Period
Demand for clean air is driving the
growth in Global Air Purifier Market in the forecast period, 2021-2025.
According
to TechSci Research report, “Global Air Purifier Market By Filter Type (HEPA
& Activated Carbon, Ion & Ozone, Electrostatic Precipitators, HEPA
& Activated Carbon + Ion & Ozone, HEPA, Activated Carbon and Others),
By End User (Residential, Commercial and Industrial), By Region, Competition,
Forecast & Opportunities, 2025”,
the global air purifier market is expected to register an impressive CAGR of 13%
in the forecast period, 2021-2025. The market may register the anticipated
growth on the account of surge in the demand of air purifiers in the global
market. Moreover, rapidly evolving urbanization along with the technological
development, the market is anticipated to register the esteemed growth in the
upcoming five years. Also, rising concerns among the population regarding
polluted air, is aiding the surge in demands for air purifier for the
residential purposes. The government schemes are popularizing the air purifiers
to be incorporated in governmental and other industrial offices thus surging
the demand of the product and aiding the global air purifier market in the next
five years.
Air
purifiers are consumer electronics that are designed to filter the
environmental air and remove pollutants, germs and microbes and exhausting
purified air in the atmosphere. The purifying filters are of various type,
based on the demand of the atmosphere. Technologies like HEPA, activated
carbon, ion & ozone are all advances that created the surge in demand among
the residential consumers. Countries like India, China, South Korea, Malaysia is
agitated with the poor quality of the air and pollution rates are extremely
dangerous. The market in the countries is prospected to show a robust growth in
the forecast years, until 2026. Although recent pandemic situation created mild
restraint on the market, the demand for healthier lifestyle among the consumers
are expected to support the market growth. Manufacturing of the air purifiers
were halted due to COVID-19 virus spread; the market may show a steadier growth
after the economies are re-instated after overcoming the pandemic consequences.
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The global air purifier market
is segmented by filter type, end user, regional distribution, and competitional
landscape. Based on filter type, the market is further segmented into HEPA
& activated carbon, ion & ozone, electrostatic precipitators, HEPA
& activated carbon + ion & ozone, HEPA, activated carbon, others. The
high-efficiency particulate air (HEPA) is anticipated to hold the largest
shares of the market and assert its dominance on the account of advancing
technologies and surge in the demand of cleaner breathable air. The
deteriorating conditions of the environment, and poor quality of air, the
atmosphere is more toxic and requires consumer electronics that can support
their healthy life. The mentioned factors are substantially aiding the global
air purifier market in the upcoming five years.
Holding major revenue shares
of the global air purifier market some of the leading market players are Koninklijke
Philips N.V., Honeywell International Inc, Sharp Corporation, COWAY Co., LTD., Panasonic
Corporation, Blueair AB, IQAir AG, Camfil AB, Samsung Electronics Co. Ltd., Whirlpool
Corporation, among others. The market players are actively involved in research
and development of air purifier. They are consistently working toward launching
new products. The majority of market players are working in prospects of providing
better supplements looking at the surge in the demand of the variants based on
consumers’ requirements. New market player may step into the market with
advanced products and technologically sound services. Other strategic
recommendation involves partnerships and acquisitions among the players.
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“Air purifier is a globally developing
market. The product is gaining popularity and the demand is surging all around
the smaller and large economies. APAC region is the most promising region for
the future market development. With cheap labor, extended research and
development for the better and efficient product aids the market growth. Market
players may focus on the extensive research sector for the air purifiers to
expand their product lines and introduce better technologies and thereby aid
the market growth in the next five years. Moreover, countries like China, India
are putting forth further demand for air purifiers. With the degrading
conditions of the air and environment the market growth may portray a potential
growth in the upcoming five years,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based Global management consulting firm.
“Global Air Purifier
Market By Filter Type (HEPA & Activated Carbon, Ion & Ozone,
Electrostatic Precipitators, HEPA & Activated Carbon + Ion & Ozone,
HEPA, Activated Carbon and Others), By End User (Residential, Commercial and
Industrial), By Region, Competition, Forecast & Opportunities, 2025”, has evaluated the future
growth potential of global air purifier 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 analyzes the
emerging trends along with essential drivers, challenges, and opportunities in
global air purifier market.
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