Global Air Purifier Market to Grow with a CAGR of 13.5% During 2021-2030; Market to Grow on Account of Growing Concern for Air Pollution Worldwide
Kenneth Research published a report titled Air Purifier Market: Global Demand Analysis & Opportunity Outlook 2030 which delivers detailed overview of the global air purifier market in terms of market segmentation by product type, technology, installation, mounting type, distribution channel, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global air purifier market is anticipated to grow with a CAGR of 13.5% over the forecast period, i.e., 2021 – 2030. The market is segmented by technology into HEPA, activated carbon, electrostatic precipitators, ionic, and others, out of which, the HEPA segment is expected to garner the largest revenue of USD 23645.9 Million by the end of 2030, up from a revenue of USD 6201.3 Million in the year 2020.
The global air purifier market is estimated to garner a revenue of USD 62,984.6 Million by the end of 2030, up from a revenue of USD 17,412.2 Million in the year 2020. Increasing concern for the rising air pollution worldwide caused by the release of pollutants in the air by different industries, followed by the growing prevalence of airborne diseases, are some of the major factors anticipated to drive the market growth in the coming years.
Geographically, the global air purifier market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Out of these, the market in the Asia Pacific region is anticipated to garner the largest revenue of USD 24564.0 Million by the end of 2030. Moreover, in the year 2020, the market in the region generated a revenue of USD 5867.9 Million.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Incidences of Air Pollution to Drive Market Growth
The World Health Organization (WHO), in one of its statistics, stated that every year, 4.2 Million deaths are known to occur as a result of exposure to ambient (outdoor) air pollution.
Air pollution is known to be one of the major causes of death around the world. Air pollutants, such as particle pollution (PM2.5 and PM10), ozone (O3), nitrogen dioxide (NO2), sulfur dioxide (SO2), and carbon monoxide (CO) among others, cause several health challenges in human beings. As a result, there is a growing need for air purifiers which can help to purify the air. Such a factor is anticipated to drive the growth of the market in the coming years.
However, the concern for emission of ozone from air purifiers, and the high price of the product are expected to operate as key restraint to the growth of global air purifier market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global air purifier market which includes company profiling of Honeywell International Inc., Koninklijke Philips N.V., Xiaomi Group, Dyson, SAMSUNG, DAIKIN INDUSTRIES, Ltd., Panasonic Corporation, Whirlpool Corporation, LG Electronics, SHARP CORPORATION, Blue Star Limited, Coway Co., Ltd., Blueair, AMAIRCAR CORPORATION, Vesync Co., Ltd., Camfil, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global air purifier market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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