Air Purifier Market Summary –
The Global Air Purifier Market is projected to register a CAGR of 11.41% and reach a value of USD 13,527.8 million by 2025.
Air purifiers are applied to remove volatile organic compounds (VOCs), odors, and gaseous and particle pollutants. Moreover, air purifiers are used in eliminating airborne mold, bacteria, viruses, dust mites, and pollen from the air in both, residential and commercial applications. Unlike air filters, an air purifier emits something to kill, neutralize, transform, or otherwise render airborne toxins harmless. Additionally, it also traps airborne particles within a tangible filter. The presence of leading manufacturers in the global air purifier market is expected to boost the consumption of air purifiers, across the domestic market. The high penetration of people, the dominant market for vehicle consumption, and the rapid increase in industrialization across China and India are likely to raise the demand for air purifiers in the domestic market during the forecast period.
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Regional Analysis
The Global Air Purifier Market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Asia-Pacific primarily comprises China, Japan, India, South Korea, and the ASEAN countries. This region dominates the globe in terms of population, home appliance consumers, and the production of home care products. The presence of leading manufacturers in the global air purifier market is expected to boost the consumption of air purifiers, across the domestic market. The high penetration of people, dominant market for vehicle consumption, and rapid increase in industrialization across China and India are likely to raise the demand for air purifiers in the domestic market during the forecast period
North America is projected to maintain its significant market share in the upcoming years. The market has grown at a rapid pace because of notable contributions from technological advancement and numerous applications.
The Clean Air Act and comprehensive strategies to reduce emissions by Environment Canada are hoped to offer new opportunities for air purifier manufacturers. The increasing installation of comprehensive ambient air quality monitoring systems, along with the development and implementation of regulatory actions and organizing air quality management programs to create cognizance among people, is anticipated to surge the demand for air purifiers in Mexico over the coming years.
The U.K. air purifier market occupies a leading position in Europe, with the country holding a 19.5% revenue share at the end of 2021.
Due to increased urbanization, a rise in air pollution in urban areas, and toxic emissions from industrial vehicles, the air purifier market in the country will continue to expand rapidly.
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Market Segmentation
The Global market is segmented into the following parts;
By Product Type
- HEPA Purifiers
- UV Air Purifiers
- Activated Carbon Air Purifiers
- Ion & Ozone Generator Air Purifiers
- Others
By Sales Channel
- Offline
- Online
Key Players
The global Air Purifier Market’s major key players are Sharp Corporation (Japan), Dyson (Singapore), Panasonic Corporation (Japan), Honeywell International Inc (US), Unilever (UK), Midea Group (China), XiaomiInc (China), COWAY CO. LTD (South Korea), Koninklijke Philips N.V. (the Netherlands), Blueair (Sweden), Daikin Industries Ltd (Japan), LakeAir (US), Samsung (South Korea), IQAir (Switzerland), Broad Group (China), AB Electrolux (Sweden), Whirlpool Corporation (US), YADU Int’l Technology (Beijing) Co., Ltd (China), BONECO AG (Switzerland), Austin Air (US), Airgle Corporation (US), Rabbit Air (US), Airdogusa (US), Levoit (US)
TABLE OF CONTENTS
1 AIR PURIFIER MARKET OVERVIEW 20
1.1 PRODUCT OVERVIEW 21
1.2 SCOPE OF THE STUDY 21
1.3 LIST OF ASSUMPTIONS 22
1.4 MARKET STRUCTURE 22
2 GLOBAL AIR PURIFIER MARKET COMPETITION BY MANUFACTURERS 23
2.1 COMPETITIVE OVERVIEW 23
2.2 COMPETITIVE BENCHMARKING 24
2.3 KEY GROWTH STRATEGIES 26
Continue…
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