December 15, 2020
According to the market research report titled ‘Global Portable Air Purifier Market Size study, by Type (Dust Collectors, Fume & Smoke Collectors, Others), Technique (High-efficiency Particulate Air (HEPA), Activated Carbon Filtration, Others), by Distribution Channel (Supermarkets/Hypermarkets, Online Stores, Convenience Stores, Others) and Regional Forecasts 2020-2027’ available with Market Study Report LLC, global portable air purifier market accounted for USD 8273 million in the year 2019 and is estimated to record a robust CAGR of 12.1% during 2020-2027.
Industry analysts claim that rising product adoption across retail as well as commercial establishments, mounting air pollution, and rising prevalence of respiratory disease such as asthma are bolstering the growth of global portable air purifier market size. Citing an instance, the WHO (World Health Organization) recorded around 7 million deaths caused due to air pollution in the year 2016, and estimates that 92% of global population inhales toxic air.
For the record, air purifiers are devices that are used for enhancing the indoor air quality by eliminating pollutants from the surrounding environment.
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As per the business intelligence report, growing awareness regarding respiratory diseases in emerging as well as developed countries, favorable government initiatives towards environment protection, and stringent regulations concerning emissions are positively swaying the global portable air purifier market dynamics.
Moreover, emphasis on decontamination in residential and commercial establishments amid the COVID-19 pandemic is impelling the product demand, which in turn in is stimulating the overall market outlook. However, high costs associated with the maintenance as well as installation of the product is expected to hamper the worldwide portable air purifier industry scenario over the stipulated timeframe.
Based on type, global portable air purifier industry is fragmented into fume & smoke collectors, dust collectors, and others. With regards to technique, the market is divided into carbon filtration, HEPA (high-efficiency particulate air), and others. Speaking of distribution channel, the market is bifurcated into convenience stores, online stores, and hypermarkets/supermarkets among others.
From a regional frame of reference, North America dominates the overall market in terms of revenue share, owing to high concentration of product manufacturers in the region along with ongoing green building projects.
On the other hand, Asia-Pacific portable air purifier market is predicted to exhibit a strong CAGR during 2020-2027. Rising per capita income coupled with rapid urbanization and industrialization are fostering the expansion of the regional market.
Major players that formulate the competitive dashboard of global portable air purifier market are Blueair, Austin Air Systems Limited, Dyson Technology Limited, Sharp Corporation, Koninklijke Philips N.V., Coway, Levoit, Panasonic Corporation, Whirlpool Corporation, and Honeywell International Inc. among others.