Global Air Purifier Market To Be Driven By Increasing Pollution And Health Awareness In The Forecast Period Of 2021-2026
The new report by Expert Market Research titled, ‘Global Air Purifier Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026’, gives an in-depth analysis of the Global Air Purifier Market, assessing the market based on its segments like mounting type, technology, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026): –
- Historical Market Size (2020): USD 11.2 Billion
- Forecast CAGR (2021-2026): 10%
As public awareness of growing pollution levels grows, so does the demand for air purifiers that can remove hazardous allergens from the air and prevent ailments like asthma. Furthermore, by removing the majority of airborne debris and pollutants, air purifiers can enhance sleep quality and extend life expectancy; as a result, they are becoming more popular in indoor settings, fueling market expansion. Furthermore, air purifiers can reduce dangerous pollutants such as carbon dioxide, nitrogen monoxide, and carbon monoxide, which are widespread in high-traffic regions and raise the risk of dementia and Alzheimer’s disease, boosting the market growth.
Industry Definition and Major Segments
An air purifier is a device that filters home or industrial air and removes polluting particles such as dust and pollen. It is utilized to cleanse and improve air quality while minimizing the spread of dangerous substances. Air purifiers protect people against a variety of health problems caused by pollution, such as neurological and respiratory difficulties.
Based on the mounting type, the market is divided into:
The major technologies of air purifiers are:
- High-Efficiency Particulate Air (HEPA)
- Activated Carbon
- Ionic Filters
- Others
The market can be broadly categorised on the basis of its applications into:
- Commercial
- Residential
- Industrial
Based on region, the market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Market Trends
The rising frequency of airborne diseases, combined with rising levels of air pollution in the United States, is expected to boost market growth throughout the forecast period. Because it is the most effective technology for trapping dangerous airborne particles, the HEPA technology category is likely to dominate the US market over the forecast period. Several governments are focused on managing air pollution by enacting a slew of new rules and standards for indoor air quality, which is expected to propel the market forward over the forecast period. Moreover, air pollution control efforts carried out by governments and non-governmental organizations (NGOs) around the world are likely to promote market growth throughout the forecast period. To combat the spread of COVID-19, governments in several nations have implemented lockdown measures. As a result, the need for air purifiers has increased as a result of stay-at-home and work-from-home policies. Furthermore, as individuals hunt for ways to limit the spread of the coronavirus, air filters are in great demand from hospitals, universities, and government agencies. Changing lifestyle preferences, decreasing indoor air quality, rising health concerns, and more consumer knowledge of the benefits associated with air purifiers are all expected to drive the market in the future years. The high cost of adoption and maintenance of air purifiers, on the other hand, is projected to limit their use.
Key Market Players
The major players in the market are Honeywell International, Inc., Camfil AB, Samsung Electronics Co., Ltd, Sharp Electronics Corporation, LG Corporation, Blue Star Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Source: Financial Content
