June 17, 2021
According to the research literature ‘GLOBAL Portable Air Purifier Market 2019-2028’, available with Market Study Report, worldwide portable air purifier market is projected to register a year-over-year growth rate of 9.12% during the forecast period 2019-2028.
As per the report findings, impact of low air quality on economy and rising cases of ailments from air pollution are catalyzing global portable air purifier industry growth. Moreover, escalating demand for air filtration solutions in healthcare sector and government support are enhancing the market demand.
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Further, growing popularity of smart air purifiers are expected to unlock new opportunities for businesses in this domain. However, high operational cost and harmful by-products are impeding the product demand. Also, shifting preferences towards renewable power generation sources are negatively impacting the business scenario.
Based on product type, global portable air purifier market is split into fume & smoke purifier, soot & dust purifiers, and others. In terms of technology, the industry is fragmented into activated carbon filtration, high-efficiency particulate air filter (HEPA), and others. Moving on, the distribution channel segmentation comprises convenience stores, supermarkets, e-commerce, and others.
Considering the geographical landscape, global portable air purifier market size spans across North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Among these, Asia-Pacific industry is touted to exhibit a robust CAGR over the analysis period, attributable to alarming rise in pollution levels due to rapid industrialization especially in countries like China. Increasing number of infrastructure projects and excess fossil fuel consumption have further contributed to poor air quality and consequently boosted the demand for air purifiers throughout the region. Apart from this, rising purchasing power of populace are positively affecting the industry remuneration scope.
Elaborating on the competitive landscape, prominent players in global portable air purifier industry sphere are Samsung Electronics Co. Ltd., Austin Air Systems Ltd., Coway Co. Ltd., Honeywell International Inc., Whirlpool Corp., Sharp Corp., Philips International B.V., Panasonic Corp., Dyson Ltd., Daikin Industries Ltd., and Blueair Inc.