Air Purifier Market Size Projected To Show Strong Growth

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  Posted by ashinde June 18, 2023 - Filed in Other - #Air Purifier  #Air Purifier for Home  #Air Purifier with WiFi  - 208 views
  

  The Air Purifier market is projected to reach USD 25.6 billion by 2030, according to a new report by Reports and Data.  The sector expects to be powered by an increased prevalence of infectious pathogens, as well as increasing pollution levels in urban areas. Many of the variables projected to drive change are also improved working standards, increased disposable earnings, and enhanced health literacy. The rising need for air pollution control equipment to be introduced anticipates rising demand for air purifiers, especially in emerging regions. Growing understanding of health expects to make a significant contribution to growth, particularly among urban youth.

  Strict environmental conservation regulations, increasing globalization, and awareness of emissions management expect to have a positive effect on U.S. market development over the forecast period. The U.S. industry predicted to lead the commodity segment of High-Efficiency Particulate Matter (HEPA) over the projected period, as it is the most effective method for collecting harmful airborne particles.

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  Further key findings from the report suggest

  • The market, in terms of the end-use industry, divides into commercial, residential, industrial, and medical sectors. Significant demand projected to come from the mainly HVAC-led market segment.
  • Air purifier from the company Blueair, can prevent some airborne diseases by trapping and removing the flu viruses from the air. On account of the COVID-19 pandemic air purifiers that can palliate severe airborne contagions are expected to meet a substantial demand from the consumers, and many more product-based or consumer electronics companies would start investing in the R&D to invent newer technological breakthroughs.
  • The industry expects to be driven by an increased prevalence of airborne diseases, as well as rising rates of hazardous emissions from rapid urbanization. Increased disposable income and increased knowledge of health are also some of the listed factors which expect to drive market growth. The rising need for air pollution control equipment to be introduced anticipates pressing demand for air purifiers, especially in developing regions. The ever-growing concern for health expects to make a significant contribution to the growth of this market.
  • In recent years, all of the major market players have invested heavily in R&D initiatives, leading to the invention of several innovative products. Major players aim to enhance their product portfolio by strategic mergers and acquisitions of small and medium-scale companies. In the coming years, therefore, an intense rivalry among players is expected.
  • In March 2019, Sharp introduced a new air purifier cum humidifier in India. Sharp KC-G40 M., The main point of sale of this device, is the integrated humidifying system, which maintains a comfortable level of humidity through natural technology for evaporation during the summer. It also helps in maintaining the level of body hydration. The goal of the company was to expand its Indian base and to supply its goods to the vast population base.
  • In September 2018, the parent company of Austro-American filter maker dexwet International AG, Dexwet Holdings Company, announces the acquisition of the German air purification equipment manufacturer Aludo. The takeover of Aludo marks the entry into the development of new high-quality air-purification equipment.

  Top 10 Companies Operating in the Global Air Purifier Market:

  Honeywell International Inc., IQAir, Atalanta Health Care, Blue Air AB, Eureka Forbes, Daikin Industries Ltd, Koninklijke Philips NV, and Panasonic Corporation., among others.

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  The global market is further segmented into type and application:

  Type Outlook (Revenue, USD Billion; 2019–2030) (Thousand Units)

  • Stand-Alone/Portable
  • In-Duct

  Filtration Technology Outlook (Revenue, USD Billion; 2019–2030) (Thousand Units)

  • High-Efficiency Particulate Air (HEPA)
  • Activated Carbon
  • Iconic Filters
  • Electrostatic Precipitators
  • Others

  Application Outlook (Revenue, USD Billion; 2019–2030) (Thousand Units)

  • Commercial
  • Residential
  • Industrial

  Distribution Channel Outlook (Revenue, USD Billion; 2019–2030) (Thousand Units)

  • Offline Channel
  • Online Channel

  Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

  Key Takeaways of the Competitive Overview Section:

  • Overview of the company profiles of each market player
  • Industrial chain analysis of each player
  • Revenue share contribution
  • Sales network and distribution channels and net profits and losses of each company
  • Key business growth strategies are undertaken by these players

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