Growing urban airborne illnesses and pollution, as well as increasing health awareness, higher living conditions, and increased disposable money, are driving the expansion of the air purifier market. Increasing adoption of air pollution control devices, particularly in emerging countries of the world, as well as increased awareness of healthy lifestyles, particularly among young people in metropolitan areas, are likely to drive the market throughout the forecast period.
Air Purifier Market Scope and Research Methodology
The report comprehensively analyses the Air Purifier market’s trends, forecasts, and monetary values. The report provides an in-depth analysis of the segments and sub-segments in and regional Air Purifier markets.The report contains a bottom-up approach to understanding estimations of the market size. Key market participants and new entrants’ services, revenue, financial status, portfolio, growth strategies, and regional presence are all included in the Air Purifier Market report. The report forecasts the market size and growth rate along with existing and future trends in the Air Purifier market.
The Air Purifier market report provides demand projections, market trends, and micro and macro factors in depth. It also identifies the factors that are driving and restricting the Air Purifier market’s growth. The qualitative and quantitative methods are included in the report. Research using SWOT, PESTLE, and Porter’s Five Force tools are used for the analysis of the Air Purifier market. The analysis identified key upcoming developments that are expected to influence Air Purifier market demand over the forecast period.
Air Purifier Market Report Overview:
The main objective of the SMR’s Air Purifier Market report is to help clients make business decisions, which help them decide which areas they need to improve, which are already performing well and help the new entrant in their landing and penetrating the competition. The report also enlightens about the challenges prevailing in the Air Purifier Market.
Air Purifier Market size was valued at US$ 11 Bn. in 2020. Air Purifier will encourage a great deal of transformation in the Consumer Durables
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Air Purifier Market Regional Analysis:
Geographically, Air Purifier market report is segmented into several key regions are as follows,
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
Air Purifier Market Segmentation:
By technology, HPEA dominated the market, accounting for 41% of the Air Purifier Market. These are extremely effective at trapping airborne particles such as pollen, dust, and bio-containments. These reasons are propelling the market segment’s expansion.
Activated carbon, also known as activated carbon filters, are microscopic particles of powder or granules that have been treated with oxygen to open the pores of carbon atoms. This increases the surface area of the carbon, making it porous and increasing its ability to absorb particles in the air. These filters absorb gases and aromas emitted by cooking, mold, chemicals, pets, and smoke. This segment is predicted to develop at a 6.8% CAGR throughout the projection period.
In 2020, the commercial segment dominated the air purifier market with a 55% share. Hospitals, workplaces, hotels, educational facilities, cinemas, shopping malls, conference centers, and other recreational facilities are all commercial users of air purifiers. Air purifiers are used to remove allergies, airborne pathogens, and odors from the air and patients working in dentistry and medical laboratories, veterinary clinics, animal shelters, clinics, and hospitals. Maintain the staff’s interior air quality. During the COVID 19 pandemic, demand for air purifiers is increasing in many medical institutions around the world due to its potential to reduce the transmission of infectious diseases.
Air Purifier Market Key Players:
IQAir
Daikin
Honeywell International, Inc.
LG Electronics, Inc.
Unilever PLC
Koninklijke Philips N.V.
Panasonic Corporation
Hamilton Beach Brands, Inc.
Whirlpool Corporation; Carrier
Camfil
Sharp Electronics Corporation
COWAY Co., Ltd.
Samsung Electronics Co., Ltd.
Dyson
Molekule
Key questions answered in the Air Purifier Market are:
- What was the Air Purifier market size in 2021?
- What is the growth rate of the Air Purifier Market?
- Which are the factors expected to drive the Air Purifier market growth?
- What are the different segments of the Air Purifier Market?
- What are the factors restraining the growth of the Air Purifier Market?
- What segments are covered in the Air Purifier Market?
- Who are the key players in the Air Purifier market?
- What are the upcoming industry applications and trends for the Air Purifier Market?
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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