August 31, 2021
According to the research report titled ‘Global Portable Air Purifier Market 2019-2028’, available with Market Study Report, global portable air purifier market is anticipated to register a healthy CAGR of 9.12% throughout 2019-2028.
Impact of low air quality on economy, rising health disorders due to air pollution, government support are the major factors driving the global portable air purifier market growth. Additionally, growing demand for air filtration in the healthcare sector coupled with rising adoption for smart air purifiers are generating lucrative opportunities for the market contenders over the forecast timeline.
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Speaking of the negatives, huge costs of operation is acting as a major restraint for the market progression. Rising demand for renewable resources for power generation and emission of harmful by-products by the air-purifiers are also likely to hamper the market growth.
Based on filtration technology, global portable air purifier industry is segmented into high-efficiency particulate air filter, activated carbon filtration and other filtration technologies. Considering the product type, the marketplace is divided into soot & dust purifier as well as fume & smoke purifier and other purifiers. Speaking of distribution channel, the business space is categorized into convenience stores, supermarkets, e-commerce, and other distribution channel.
The geographical analysis of worldwide portable air purifier industry extends to Latin America, Middle East & Africa, Asia Pacific, Europe, and North America. Expert analysts speculate that Asia Pacific market is reckoned to showcase significant growth over the forecast timeline. This can be accredited to rising pollution levels caused by massive industrialization, especially in China.
Moreover, increasing infrastructure projects and rising fossil fuel usage are affecting the air quality, thus bolstering demand for air purifiers in the region. Rapid industrial developments and surging purchasing power are boosting the market growth in Asia-Pacific.
Prominent players influencing the worldwide portable air purifier industry trends are Samsung Electronics Co. Ltd., Coway Co. Ltd., Honeywell International Inc., Whirlpool Corporation, Austin Air Systems Limited, Sharp Corporation, Philips International BV, Panasonic Corporation, Dyson Limited, Daikin Industries Ltd., and Blueair Inc.