October 11, 2021
According to the recent research report titled ‘Air Purifier Market Size By Product, By Application (Non Residential [Commercial, Office, Institution, Healthcare], Residential, Industrial [Food & Beverage, Pharmaceutical, Construction, Livestock]), By Sales Channel (Online, Offline]), COVID-19 Impact Analysis, Regional Outlook, Price Trend, Competitive Market Share & Forecast, 2021- 2027’, available with MarketStudyReport, global air purifier market is expected to observe significant growth over 2021-2027.
Global air purifier market growth is primarily driven by rising pollution levels, resulting in increased airborne diseases, and growing customer inclination towards enhancing the quality of air indoors.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/4079060/
Following the COVID-19 outbreak, air purifiers rose to prominence as leading health organizations confirmed the equipment would help eliminate airborne contaminants, such as viruses, in homes or confined areas. Product uptake has expanded dramatically in both hospital and residential settings, owing to lockdown limitations that compelled individuals to stay indoors for a longer amount of time, further pushing industry expansion.
Speaking of restraints, high efficiency mechanical air filters used in residential application tend to reduce air flow which is posing a challenge to businesses in this domain.
With respect to product category, fiberglass mechanical air filters segment share is expected to see robust growth at 8.5% and amass considerable revenue by 2027. Washable filter segment accounts for significant volume share and is likely to expand at a CAGR of 12% over the review period.
The electronic air filters segment is anticipated to record a compound annual growth rate of 12.5% over the study duration. Air cleaner using photocatalytic oxidation product segment is computed to accrue high returns, with 11.5% CAGR throughout the assessment period.
As per application spectrum, commercial segment presently holds significant global air purifier market share and is poised to exhibit 11.5% CAGR through 2027. The institution segment is predicted to increase at 12.5% CAGR over the analysis period.
The pharmaceutical segment is estimated to grow at over 12.5% CAGR through the forecast timeline. Livestock segment is projected to witness CAGR of 11.5% over 2021-2027.
Based on sales channel, online segment is expected to observe a compound annual growth rate of 15% over the forecast time period. Meanwhile, offline segment is anticipated to grow at 9% CAGR over the assessment period.
Regionally, Latin America market is projected to witness 11.5 % CAGR over 2021-2027, while Middle East & Africa industry is slated to multiply at a CAGR of 10% over the estimated timeframe.
Top companies shaping worldwide air purifier market dynamics are Koninklijke Philips N.V., Honeywell International Inc., Airclean Ltd., Purafil Inc., Parker-Hannifin Corporation, Mann+Hummel Gruppe, Daikin Industries Ltd., and Coleman Heating & Air Conditioning among others.