Market Values: The global Air Purifier Market is estimated at USD 13.47 billion in 2022 and is projected to experience a compound annual growth rate (CAGR) of 7.3% from 2023 to 2029.
Report Scope: The report provides a comprehensive analysis of the Air Purifier Market, covering market dynamics, segment analysis by technology and application, regional insights, and key market players. The study aims to offer stakeholders valuable insights into the industry’s past, current status, and future trends.
Research Methodology: The research methodology involves a robust and detailed approach to gather and analyze data. A dedicated study of key players, market leaders, followers, and new entrants has been conducted. The report includes PORTER and PESTEL analyses, considering potential micro-economic factors that may impact the market.
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Market Dynamics: The Air Purifier Market is witnessing growth driven by increased airborne infections, rising pollution in urban areas, heightened health awareness, and improved living standards. Start-ups are utilizing crowdfunding technology for successful market entry, while established players focus on global expansion through mergers, acquisitions, alliances, and cooperation. Technological advancements, including IoT and AI integration, are crucial for product transformation and meeting evolving customer preferences.
Regional Insights:
- Asia Pacific: Dominated the market with a 41.6% share in 2022, driven by rapid urbanization, industrialization, and increased disposable income. Rising air pollution in countries like India and China contributes to the growing acceptance of air purifiers.
- North America: Expected to grow at a significant CAGR, influenced by air quality directives and regulatory measures such as the US Clean Air Act. Increasing installation of air quality monitoring systems in Mexico is set to drive demand.
- Other Regions: Various factors, including urbanization, political measures, and industrialization, impact market dynamics globally. South Korea, for example, experiences ecosystem imbalance, leading to increased awareness of health hazards and driving market growth.
Market Restraints: Despite market potential, lack of awareness and misinformation hindered Air Purifier Market growth in 2020. However, with increasing awareness among consumers, the market is expected to accelerate in the coming years.
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Air Purifier Market Segmentation:
by Technology
1. High-Efficiency Particulate Air(HEPA)
2. Activated Carbon
3. Ionic Filters
4. Other
by Application
1. Residential
2. Industrial
3.Commercial
Air Purifier Market Key Players:
1. Honeywell International Inc.
2. Whirlpool Corporation
3. Alen Corporation
4. AllerAir Industries Inc.
5. Koninklijke Philips N.V.
6. Dyson Limited
7. Unilever plc
8. The Camfil Group
9. IQ Air
10. WINIX Co. Ltd.
11. Sharp Corporation
12. Daikin Industries Ltd.
13. Samsung Electronics Co. Ltd.
14. LG Electronics Inc.
15. Xiaomi Corporation
16. HSIL Limited
17. Panasonic Corporation
18. Kent RO Systems
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Table of content for the Air Purifier Market includes:
- Global Air Purifier Market : Research Methodology
- Global Air Purifier Market : Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Air Purifier Market : Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size and Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by growth and trend
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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