Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
IN THE NEWS· November 20, 2019: Blue Star Limited to launch new room air conditioners with in-built air purifiers.
The global portable air purifier market is estimated to garner a sizeable revenue by growing at a CAGR of ~ 14% over the forecast period, i.e., 2022–2030. The growth of the market can be attributed to the growing demand for portable air purifiers in small spaces, backed by increasing health awareness amongst the masses regarding air quality index. Moreover, portable air purifiers can be easily used in homes, as they are handy and manageable. In addition to this, increasing level of pollution globally is estimated to boost the demand for air purifiers. According to the data by the World Health Organization (WHO), every year, over 7 million deaths are caused by air pollution. Moreover, 9 out of 10 people in the world are breathing dangerous air.
The global portable air purifier market is segmented by type into dust collectors, fume & smoke collectors, and others, out of which, the fume & smoke collector segment is anticipated to hold the notable share in the market during the forecast period on account of increasing pollution level from vehicular emissions. Moreover, the increasing health awareness among people is further projected to boost the market growth. According to the WHO Global Ambient Air Quality Database 2018, around 4.2 million deaths take place every year as a result of exposure to outdoor air pollution. On the basis of distribution channel, the market is bifurcated into online and offline, out of which, the offline segment is estimated to gain a significant share over the forecast period, on the back of ease of availability and customer satisfaction.CLICK TO DOWNLOAD SAMPLE REPORT
Regionally, the global portable air purifier market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America region is estimated to garner largest share over the forecast period on the back of increasing awareness among the masses, along with high adoption of air purifier in industries. The market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period owing to the high pollution level in the developing countries, and rising government initiatives to curb pollution. India, Bangladesh, and China are the most polluted countries in the world. Further, the air purifier market in India is anticipated to display significant growth opportunities, backed by the rising concerns for air pollution in its states, especially in Northern India.
The global portable air purifier market is further classified on the basis of region as follows:
Our in-depth analysis of the global portable air purifier market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Increasing awareness for air quality among the masses, along with convenience of use are major factors driving the market growth.
The market is anticipated to attain a CAGR of ~14% over the forecast period, i.e., 2022-2030.
High cost of raw materials is one of the factors estimated to hamper the market growth.
The market in Asia Pacific is estimated to provide most growth opportunities owing to the high pollution level in the low-income nations, and growing government initiatives in the region.
The major players in the market are Blueair AB, Sunbeam Products Inc., Whirlpool Corporation, Xiaomi Corporation, Coway Co. Ltd., Americair Corporation, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, technology, distribution channel, end-user, and by region.
The offline segment is anticipated to hold largest market share over the forecast period owing to the easy availability of these purifiers in multi-brand stores and supermarkets.
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