November 26, 2019
According to the latest study titled ‘Global Air Purifier Market: By Filter Type (HEPA, ION & Ozone, Activated Carbon, Electronic Precipitator, Others), By End User (Residential, Commercial, Automotive), By Region, By Country: 2018 World Market Review and Forecast to 2023’ available at MarketStudyReport.com, the global air purifier market is estimated to grow with a CAGR of 9.43% through the year 2023.
Air purifier is used to remove contaminants from the air in a room or closed space to improve indoor air quality. Factors such as rising awareness about several respiratory diseases, such as chronic obstructive pulmonary disease (COPD) and asthma, along with increasing air pollution leading high emission of carbon dioxide and other greenhouse gases are encouraging the adoption of air purifiers. Burgeoning usage of these purifiers in clinics and hospitals, and innovative advancement in the product will propel the growth of air purifier market in the upcoming years.
Moreover, strict government regulations across the globe, increasing demand for several types of air purifiers such as portable and vehicle mounted air purifiers will continue to augment the industry trends.
The study encompasses details about market size based on revenue shares and growth opportunities for individual segments. It analyses the competitive landscape of air purifier market using SWOT analysis and Porter’s Five Force analysis methods. Information about the market dynamics covering drivers and restraints is also outlined in the report.
Based on filter technology, air purifier market is segmented into HEPA, activated carbon, ion & ozone, electrostatic precipitator, and others. The report cites that HEPA (High Efficiency Particulate Air) segment will encounter noteworthy growth over the forecast period, pertaining to the crucial role being played by it in the reduction of ambient as well as household air pollution.
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While speaking of end-user spectrum, the industry is divided into residential, commercial, and automotive. Considering the geographical landscape, the global air purifier market is fragmented into regions including Europe, North America, Asia Pacific, and the rest of the world. As per the report, North America air purifier market registered the largest share in 2018, owing to increasing vehicles sales, rising healthcare conscience and improve medical expenditure across the region.
Some of the vendors that operate in the global air purifier market are Honeywell International, Pfizer, IQAir, Camfil, Daikin, Philips, Coway, Whirlpool, Sharp Corporation, and Blue Air.
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