May 12, 2022
The market assessment report titled ‘Global Air Purifier Market (2021 Edition): Analysis By Filter Technology (HEPA, ION & Ozone, Activated Carbon, Electronic Precipitator, Others), End User, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, suggests that global air purifier market which accounted for a valuation of USD 9850.45 million in 2020 is likely to amass substantial returns by 2026.
Higher disposable income, technological advancements, and rising consumption of electronic devices, coupled with increased risk of air borne diseases such as Covid-19 are the major factors fueling global air purifier market growth.
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In addition, mounting demand for air purifiers in vehicles, combined with growing consumer inclination towards portable air purifiers is likely to foster industry development in the forthcoming years.
Apart from growth drivers and opportunities, the research report also highlights certain risks that may hinder the upward growth trend in the market, thereby allowing stakeholders to make informed decisions to minimize losses during the forecast period.
For the sake of a comprehensive assessment, the market is segregated on the basis of filter technology, end-user, and regional terrain.
Speaking of filter technology, worldwide air purifier industry is comprised of High Efficiency Particulate Air (HEPA), ION & ozone, electronic precipitator, activated carbon, and others. The High Efficiency Particulate Air (HEPA)segment has been witnessing an upward growth trend over the past few years and is likely to progress at the same pace during the assessment timeframe, owing to the role played by it in reducing household as well as ambient air pollution.
From a regional frame of reference, Asia Pacific showcases lucrative prospects for market expansion through the study period, creditable to increasing awareness regarding respiratory diseases such as asthma and chronic obstructive pulmonary disease (COPD), improvements in healthcare infrastructure, and increasing carbon dioxide emissions.
The competitive terrain of global air purifier industry is majorly influenced by key players such as BlueAir AB, LG Electronics Inc., IQAir, Panasonic Holdings Corporation, Sharp Corporation, Whirlpool Corporation, Daikin Industries Ltd., Unilever plc, Koninklijke Philips N.V., and Honeywell International Inc.