The global Air Purifier Market is forecasted to grow at a rate of 12.9% from USD 8.16 billion in 2019 to USD 21.69 billion in 2027.
The growing incidence of motorization and industrialization globally, coupled with increasing concern of air pollution, is driving the demand for the market.
Market
Size – USD 8.16 billion in 2019, Market Growth - CAGR of 12.9%, Market Trends
–High demand for the air purifiers that can remove or kill airborne or
other contagious diseases.
The Air Purifier market is projected to reach USD 21.69
billion by 2027, according to a new report by Reports and Data. The
sector expects to be powered by an increased prevalence of infectious
pathogens, as well as increasing pollution levels in urban areas. Many of the
variables projected to drive change are also improved working standards,
increased disposable earnings, and enhanced health literacy. The rising need
for air pollution control equipment to be introduced anticipates rising demand
for air purifiers, especially in emerging regions. Growing understanding of
health expects to make a significant contribution to growth, particularly among
urban youth.
Get
a sample @ https://www.reportsanddata.com/sample-enquiry-form/3005
Strict
environmental conservation regulations, increasing globalization, and awareness
of emissions management expect to have a positive effect on U.S. market development
over the forecast period. The U.S. industry predicted to lead the commodity
segment of High-Efficiency Particulate Matter (HEPA) over the projected period,
as it is the most effective method for collecting harmful airborne particles.
Asia-Pacific
anticipated it would become the fastest-growing national segment over the
forecast period. Owing to many factors, including rapid urbanization and
increasing industrialization, the region expects to dominate the market
together with a growing disposable income population.
COVID-19 Impact:
The coronavirus
outbreak has created a major fright and concern pertaining to the contagious
diseases. As a preventive preparation, more and more common individuals and
commercial sectors are incorporating technologies that can potentially mitigate
the spread of the virus outbreak or execute entirely. Many consumer electronics
& appliances corporations are heavily investing in their R&D and
looking into ways to find electronics products that can kill the harmful bacteria
and viruses in the airflow designed for both the household and commercial
purposes. Many companies have already come up with product line-ups that are
claimed to kill or remove the COVID-19.
However,
due to the lockdown situation, the manufacturing industries are being
drastically affected, which is expected to meet its peak during the Q3 of this
fiscal year upon resuming the production facility and distribution chains.
To
identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/air-purifier-market
Further
key findings from the report suggest
- The
market, in terms of the end-use
industry, divides into commercial, residential, industrial, and
medical sectors. Significant demand projected to come from the mainly
HVAC-led market segment.
- Air
purifier from the company Blueair, can prevent some airborne diseases by
trapping and removing the flu viruses from the air. On account of the COVID-19
pandemic air purifiers that can palliate severe airborne contagions are
expected to meet a substantial demand from the consumers, and many more
product-based or consumer electronics companies would start investing in
the R&D to invent newer technological breakthroughs.
- The
industry expects to be driven by an increased prevalence of airborne
diseases, as well as rising rates of hazardous emissions from rapid
urbanization. Increased disposable income and increased knowledge of
health are also some of the listed factors which expect to drive market
growth. The rising need for air pollution control equipment to be
introduced anticipates pressing demand for air purifiers, especially in
developing regions. The ever-growing concern for health expects to make a
significant contribution to the growth of this market.
- In recent
years, all of the major market players have invested heavily in R&D
initiatives, leading to the invention of several innovative products.
Major players aim to enhance their product portfolio by strategic mergers
and acquisitions of small and medium-scale companies. In the coming years,
therefore, an intense rivalry among players is expected.
- In March
2019, Sharp introduced a new air purifier cum humidifier in India. Sharp
KC-G40 M., The main point of sale of this device, is the integrated
humidifying system, which maintains a comfortable level of humidity
through natural technology for evaporation during the summer. It also
helps in maintaining the level of body hydration. The goal of the company
was to expand its Indian base and to supply its goods to the vast
population base.
- In
September 2018, the parent company of Austro-American filter maker dexwet
International AG, Dexwet Holdings Company, announces the acquisition of
the German air purification equipment manufacturer Aludo. The takeover of
Aludo marks the entry into the development of new high-quality
air-purification equipment.
- Key participants include Honeywell
International Inc., IQAir, Atalanta Health Care, Blue Air AB, Eureka Forbes,
Daikin Industries Ltd, Koninklijke Philips NV, and Panasonic Corporation.,
among others.
Download
Summary @ https://www.reportsanddata.com/download-summary-form/3005
Reports
and Data segmented the global air purifier industry report based on technology,
type, CADR Values, and applications for this study:
Technology
Outlook (Revenue, USD Billion; 2019-2027)
- High-Efficiency
Particulate Air (HEPA)
- Activated
Carbon
- Thermodynamic
Sterilization System (TSS)
- Ionic
Filters
- Ultraviolet
Germicidal Irradiation
- Others
Type
Outlook (Revenue, USD Billion; 2019-2027)
- Dust
& Pollen Purifier
- Smoke
& Fume Purifier
CADR
Values Outlook (Revenue, USD Billion; 2019-2027)
- Low (Up
to 250 cfm)
- Medium (251
to 500 cfm)
- High
(Above 500 cfm)
Application
Outlook (Revenue, USD Billion; 2017-2027)
- Commercial
- Residential
- Industrial
- Others
Regional
Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- North
America
- Europe
- Asia
Pacific
- MEA
- Latin
America
Request
a customization of the report @ https://www.reportsanddata.com/request-customization-form/3005
Thank
you for reading our report. For customization or any query regarding the
report, kindly connect with us. Our team will make sure you the report best
suited to your needs.
About Us:
Reports and Data
is a market research and consulting company that provides syndicated research
reports, customized research reports, and consulting services. Our solutions
purely focus on your purpose to locate, target and analyze consumer behavior
shifts across demographics, across industries and help client’s make a smarter business decision. We offer
market intelligence studies ensuring relevant and fact-based research across a
multiple industries including Healthcare, Technology, Chemicals, Power and Energy.
We consistently update our research offerings to ensure our clients are aware
about the latest trends existent in the market.
Contact Us:
John W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
Check our upcoming
research reports @ https://www.reportsanddata.com/upcoming-reports
Visit our blog for more
industry updates @ https://www.reportsanddata.com/blogs
Browse More Reports:
Comments
Post a Comment