Air Purifier Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Mar-2020 | List of Tables : 98 | List of Figures : 193 | No. of Pages : 170 | Report Code : FACT4617MR |

Air Purifier Market to Grow Three-fold through 2029

The World Health Organization estimates that nearly 7 million people die from breathing polluted air every year. Prevalence of cardio vascular diseases among consumers, coupled with alarming levels of air pollution, are upholding the global demand for air purifiers. Global air purifier market will grow at a dexterous 10% CAGR during the forecast period (2019- 2029). Growing health awareness among consumers is increasing the adoption of air purifier products. Frequent outbreaks of airborne diseases will further augment the demand for air purifiers in the market.

Commercial Applications to Generate New Revenue Streams

Air purifiers in commercial applications are poised to account for a majority market share of 70%. Double digit growth rates are projected to be seen in residential as well as industrial applications. Rising consumer awareness about air pollution and increasingly stringent regulations for industrial infrastructure will generate demand from these applications. Residential applications will grow at a stupendous 10% and industrial applications will grow at a stellar 11% CAGR during the forecast period.

global air purifier  market 02

To get the latest application-based insights on the air purifier market, request for a report sample here

North America and Europe Lead Global Sales, Asia Pacific Buckling up

North America and Europe collectively account for more than 60% of the total market value. Early adopters of air purifiers are pioneering research and development initiatives for novel air purification methods. These two regions are projected to grow at impressive growth rates. Asia Pacific offers gainful opportunities with double digit growth rate of over 11% and 12% CAGR for East Asia and South Asia & Oceania respectively. Surging air pollution levels in countries such as India, and China are propelling demand growth for air purifiers in the regional market. Increasing disposable income of health conscious millennial consumers are further adding to the growth of the air purifier market from 2019 to 2029.

global air purifier  market 01

To get a regional overview of the air purifier market, ask an analyst here

Increasing Air Pollution Awareness- Future Growth Prospect

Competitors are capitalizing on the toxic levels of air pollution and outbreaks of airborne diseases to attract and engage consumers. Many are investing in research and development of products that cater to the prevention of communicable diseases. Industrial applications provide a major opportunity for air purifier manufacturers to establish sustainable revenue streams. Many organizations are aiming at strategic partnerships with non-profit organizations to spread awareness about the need for air purifiers. For instance, IQAir North America Inc. recently entered into a partnership with American Lung Association to educate consumers about the importance of indoor air quality. Major organizations in the market are, but not limited to, IQAir North America Inc., Honeywell International Inc., LG Electronics Inc., Unilever PLC, Aerus LLC, Daikin Industries Ltd., Koninklijke Philips N.V., Panasonic Corporation, Hamilton Beach Brands Inc., and Whirlpool Corporation.

Global Air Purifier Market – Scope of the Report 

The following report provides forecast and analysis of the global air purifier market along with the historical data of 2014, estimated data 2019 and forecast data up to 2029 in terms of value (US$ Mn) and volume (‘000 units), according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global air purifier market along with several macro-economic indicators. This newly published and insightful report on air purifier sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global air purifier market.

The report also comprises the study of current issues with end users and opportunities for air purifier. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of air purifier manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the air purifier market provided in the report adds to the credibility of this exhaustive research study.

Global Air Purifier Market: In-Depth Assessment on Key Segments

The global air purifier market is segmented on the basis of technology, application and region. 

Material

Application

Region

High Efficiency Particulate Air

Commercial

North America

Activated Carbon

Residential

Latin America

Ionic Filters

Industrial

Europe

Others

 

East Asia

   

South Asia & Oceania

   

Middle East & Africa

This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.  

Country-specific assessment on demand for air purifier has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous air purifier manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report. 

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global air purifier market. Some of the major competitors operating in the air purifier market are IQAir North America Inc., Honeywell International, Inc., LG Electronics, Inc., Unilever PLC, Aerus LLC, Daikin Industries, Ltd., Koninklijke Philips N.V., Panasonic Corporation, Hamilton Beach Brands, Inc.,Whirlpool Corporation and others.

Global Air Purifier Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the air purifier market.

A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the air purifier market, which includes global GDP growth rate, urbanization growth rate, per capita disposable income growth rate and others. This report serves as an authentic resource of intelligence on the air purifier market, enabling the readers to take fact-based decisions on the future direction of their businesses.

Fact.MR offers custom research services that help clients to get specific research solutions

We are committed towards customer satisfaction and quality service.


Our Clients

Our Clients

Air Purifier Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029