The global air purifier market size is poised to reach USD 18.20 billion by 2027, exhibiting a CAGR of 10.8% over the forecast period 2020 to 2027.
Factors, such as the rising air pollution along with awareness pertaining to the benefits associated with air purifier are expected to fuel the growth.
Exponential rise in the demand for clean air, owing to the rising population levels coupled with growing respiratory issues, especially in urban areas are anticipated to fuel the market. Globally, increasing disposable income coupled with growth in spending on home appliances is expected to drive the market growth. Moreover, rise in the number of industrial activities, especially in the emerging countries, is expected to boost the demand for air purifiers, especially in Heating, Ventilation, and Air Conditioning (HVAC) applications.
Nowadays, air purifiers are also equipped with features, such as Wi-Fi, indicators, and sensors. Moreover, manufacturers are also developing Artificial Intelligence (AI)-enabled air purifiers with voice recognition feature. Manufacturers also engage in R&D activities for developing compact and high-efficacy air purifiers at competitive prices. These factors are projected to positively influence the market growth in the forthcoming years.
The Air Purifier market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Air Purifier market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Air Purifier market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Air Purifier market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Air Purifier market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Air Purifier market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Air Purifier market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Air Purifier industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Air Purifier market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Air Purifier market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Air Purifier market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Air Purifier market. These factors have benefited the growth of the global market for Air Purifier. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Air Purifier. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
Key players such as Honeywell International Inc.; IQAir; Daikin Industries, Ltd; Koninklijke Philips N.V.; and Panasonic Corporation have a wide-ranging product portfolio, extensive distribution network, and high degree of operational integration.
High Efficiency Particulate Air
Central & South America
Middle East & Africa
In this study, the years considered to estimate the market size of Air Purifier are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are: