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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