Europe air purifier market is expected to register a 7.1% CAGR during the forecast period. Europe air purifier sales are projected to reach a valuation of US$ 8.85 Billion by the end of 2032, increasing from US$ 4.78 billion in 2022. As a result, the market is estimated to generate an absolute dollar opportunity of US$ 4.1 billion over the next ten years (2022-2032).
The increasing air pollution levels and rising awareness among people about the health benefits of air purifiers are the major driving factors for the growth of the market. The rising disposable incomes and the launch of advanced products are expected to further propel the market growth in the region.
The air purifier market in Europe is expected to experience a CAGR of 8.8% during the forecast period from 2020 to 2027.
Increasing awareness of the health benefits of air purification, and the rising demand for advanced air purifiers with better air quality are the major factors driving the growth of the air purifier market in Europe.
The rising concerns of air pollution due to increasing industrialization and increasing levels of smog and other pollutants have further propelled the demand for air purifiers in Europe
Rising disposable income, increasing demand for healthier living, and rising health concerns are also contributing to the growth of the air purifier market in Europe.
The residential segment has been dominating the European air purifier market in terms of revenue and is anticipated to continue its dominance during the forecast period.
The HEPA filters segment has been dominating the European air purifier market in terms of technology, and is expected to continue its dominance during the forecast period.
France has been dominating the European air purifier market in terms of revenue, and is anticipated to continue its dominance during the forecast period.
Koninklijke Philips N.V.
Panasonic UK & Ireland
Sharp Electronics (U.K.)
Short Term (2022 Q2 to 2025): Intensifying awareness amongst consumers regarding the hazardous effects of poor indoor air quality likely to propel short-term growth in the demand for air purifiers.
Medium Term (2025-2028): Emergence of Wi-Fi-enabled smart purifiers and wearable air purifiers to support medium-term market growth.
Long Term (2028-2032): Manufacturers incorporating innovation in air purifiers along with product development to contribute to market growth in the long term.
Prominent manufacturers of air purifying systems in Europe are emphasizing launching technologically-advanced products and are counting on undertaking marketing strategies such as acquisitions and collaborations with other market players to augment production capacities and gain a larger market pie.
For instance :
Koninklijke Philips N.V. decided to sell its domestic appliances business in 2021, to Hillhouse Capital, which is a global investment firm. This deal will expand the market leadership, strong brand, and innovation pipeline for the company over the coming years
LG Electronics launched PuriCare, a wearable air purifier, in 2020, which delivers an extraordinary level of portable protection. The system comes with a built-in replaceable filter system along with dual fans.
Fact.MR has provided detailed information about the price points of key manufacturers of air purifiers positioned across Europe, sales growth, production capacity, and speculative technological expansion, in the recently published report.
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