Air Purifiers Market Size, Share, Growth Analysis, Trends and Forecast 2029 – Sharp, Philips, Panasonic, Daikin, Honeywell, Coway, Xiao Mi
MarketInsightReport is one of the world’s leading market research firms, is pleased to announce its new Air Purifiers Market report 2023-2029, covering all aspects of the market and providing up-to-date data on current trends.
The Air Purifiers Market Report is a valuable source of insightful data for business strategists. It offers an in-depth valuation of numerous features of industries such as market overview, present development valuations, historical and future assessment, present trends, Porter’s five forces analysis, SWOT valuations and clients operating in numerous regions. The data reports also offer valuable data to enlarge the understanding, scope, Types and application of this report. The report covers detailed study of Air Purifiers market segmentation, regional and country breakdown. This Research will provide a clear and precise idea about the complete market to the readers to take beneficial decisions.
The global air purifier market size was valued at USD 13.26 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 15.91% from 2023 to 2029.
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Market key Players: – Sharp, Philips, Panasonic, Daikin, Honeywell, Coway, Xiao Mi, Electrolux, Whirlpool, YADU, Midea, Blueair, Lexy, Samsung, Austin, Beiangtech and Others.
Segment by Type:
HEPA
Activated Carbon
Static Electricity
Ion and Ozone Generator
Others
Segment by Applications:
Residential
Commercial
Others
Technology Insights
HEPA led the market and accounted for over 40.0% share of the global revenue in 2021. HEPA filters are highly efficient in trapping airborne particles, including pollen, dust, smoke, and bio-contaminants. The high quality and reliability of HEPA filters to remove airborne particles are likely to spur product penetration in the global market. Activated carbon or activated charcoal filters constitute small pieces of carbon in powdered blocks or granular form, specially treated with oxygen, to open the pores of carbon atoms. This aids in increasing the carbon surface area and making it porous, thereby augmenting its ability to absorb airborne particles. These filters are used for absorbing gases and odors from cooking, mold, chemicals, pets, and smoke.
The ionic filters segment is likely to expand at a CAGR of 6.7% over the forecast period. Ionic filters are not required to be replaced frequently, thereby increasing their penetration in the market. However, the generation of ionized air along with ozone during the purification process is responsible for causing respiratory issues such as asthma, which, in turn, is expected to limit the technology application. Other air purification technologies include UV irradiation, photocatalytic oxidation, ozonation, non-thermal plasma, and electrostatic precipitators. Photocatalytic oxidation technology exhibits the ability to convert fine particles up to 0.1 micron and toxic gases to other safer compounds. This technology destroys volatile organic compounds (VOCs), microbes, and chemically active
Recent Developments
In 2021, Panasonic Corporation (Japan) has developed a new nanoe X device that generates 100 times more Hydroxyl (OH) radicals than the conventional nanoe device. As a result, the latest nanoe X device delivers increased effectiveness in air purification and deodorization in indoor spaces.
In 2021, Panasonic Ecology Systems Co., Ltd. (PES) and Panasonic Ecology Systems Guangdong Co., Ltd. built the First Shunde Branch Plant in China, a new factory for IAQ devices such as energy recovery ventilator systems and air purifiers.
The Air Purifiers Market report covers analysis of following regions:
1. South America Covers Argentina and Colombia, Brazil etc.
2. North America Covers Canada, United States, and Mexico etc.
3. Europe Market Covers UK, France, Italy, Germany, and Russia etc.
4. The Middle East and Africa Covers UAE, Saudi Arabia, Egypt, Nigeria, and South Africa etc.
5. Asia Pacific Covers Korea, Japan, China, Southeast Asia, and India etc.
Asia Pacific dominated the market and accounted for over 40.0% share of the global revenue in 2022 on account of several factors, including rapid urbanization and industrialization, along with a growing population with increased disposable income. Moreover, rising smog and air pollution cases, especially in countries such as India and China, are expected to increase the adoption of air purifiers, thereby complementing the regional market growth. Growing urbanization, political policies, and increasing industrialization are some of the factors that have affected the ecological balance and deteriorated the quality of air in South Korea. Rising awareness regarding health hazards and diseases caused due to exposure to harmful particulates at workplaces or homes is anticipated to positively impact the market growth in the country.
Key highlights of the Market report:
– Recent Progress rate
– Renumeration prediction
–Global Consumption graph
– global business concentration ratio
– Worldwide Secondary business competitors
– Worldwide Competitive structure
– Important restraints
– Worldwide Market drivers
– Regional bifurcation
– Competitive hierarchy
– Current market tendencies
– Worldwide Market concentration analysis
Browse Full Report and TOC:-
https://www.marketinsightsreports.com/reports/010611327228/global-air-purifiers-market-growth-2023-2029?mode=137&source=xh
Following are major TOC of Air Purifiers Market:
Chapter 1: Market Overview, Product Overview, Product Segmentation, Market Overview of Regions, Market Dynamics, Limitations, Opportunities and Current Business News and Policies.
Chapter 2: Industry Chain evaluations, Upstream Raw Material Suppliers, Main Players, Production Process Analysis, Cost Analysis, Market Channels, and Major Downstream Buyers.
Chapter 3: Value Study, Production, Progress Rate and Price Analysis by Type.
Chapter 4: Worldwide Market Downstream Features, Consumption and Market Share by Application.
Chapter 5: Production Volume, Price, Gross Margin, and Revenue ($) of Air Purifiers by Regions.
Chapter 6: Air Purifiers Production, Consumption, Export, and Import by Regions.
Chapter 7: New Market Status and SWOT Analysis by Regions.
Chapter 8: Worldwide Competitive Landscape, Product Introduction, Business Profiles, Market Distribution Status by Companies.
Chapter 9: Market assessment and Forecast by Type and Application.
Chapter 10: Global Market assessments and Forecast by Regions.
Chapter 11: Air Purifiers Industry Characteristics, Key Factors, New Entrants SWOT Analysis, Investment Feasibility Analysis.
Chapter 12: Global Market Conclusion of the Complete Report.
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