According to a recently published report by Research Nester on “Air Purifier Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of air purifier market in terms of market segmentation by technique, by end users, by type and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The air purifier market is segmented by type into dust collectors, fume & smoke collectors, by technique into high-efficiency particulate air (HEPA), thermodynamic sterilization system (TSS), ultraviolet germicidal irradiation, ionizer purifiers and activated carbon filtration; by end users into residential and commercial. The air purifier market is anticipated to record a CAGR of around 27.96% during the forecast period i.e. 2019-2027.
The developing urban population over the globe has prompted an interest for reliable and health improving products such as smart air purifiers and face masks. Additionally, market has witnessed an improved demand for smart appliances. Rising population of urban cities have led a strong impact over air pollution. Further, rising number of vehicle is also anticipated to result in a rise in efficient air purifiers to reduce their harmful effects on health.
On the basis of regional analysis, the air purifier market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific market is anticipated to capture the largest market share in the air purifier market owing to growing urbanization, industrialization and construction activities. With growing health awareness and advancement in healthcare industries, market of Asia Pacific is expected to observe a substantial growth.
Modern companies are now focused upon providing efficient equipment and services to their consumers. Increasing number of industries have resulted in hazardous effects on the overall quality of air. This is further expected to result in a rise in demand for efficient solutions to purify the air.
There has been an increasing demand for innovative products such as smart air purifiers which are capable of efficiently working for long hours. With the increase in the disposable income of the families, there has been a rising demand for products that can improve the overall quality of life. Such factors have resulted in a rise in demand for efficient air purifiers.
However, high cost of air purifiers is anticipated to be a key restraint for the growth of the market over the forecast period. High initial investment of air purifiers is and frequent technical concerns requiring additional maintenance are expected to negatively impact the demand for air purifiers over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the air purifier market which includes company profiling of Koninklijke Philips, Sunbeam Products Inc, Xiaomi Corporation, Coway, Whirlpool Corporation, Americair Corporation, Sharp Corporation, Dyson Technology Limited, Blueair Limited, Bluestar Limited and other prominent players. 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 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.