The report, titled "Global Air Purifier Market Analysis and Forecast, 2019-2028" examines the regional and global market based on type, technology, coverage area, distribution channel, end user, and region.
The report is comprehensive and provides thorough historical and forecast market size, along with a thorough market analysis. The market share analysis, air purifier technology evaluation, the air purifier market size, production capabilities of the leading companies, an overview of the competition, strategic imperatives, key consumers, growth potential regions, units installed, and a competitive analysis of the key players evaluated in the global air purifier market study.
Market Overview and Dynamics: The global market for air purifiers is expected to grow steadily over the forecast time
The growing elderly population is significantly driving the global demand for air purifiers. Since elderly people require clean, hygienic air to lead an active and healthy life, the use of air cleaners is a necessity. Air purifiers help lower air pollution, pollutants such as CO2 emissions, for instance. Therefore, the need to purchase air purifiers is expected to rise in the near future.
As per the WHO data, in 2020, the number of people aged 60 years and older outnumbered children younger than 5 years. By 2030, 1 in 6 people in the world will be aged 60 years or over. At this time the share of the population aged 60 years and over will increase to 1.4 billion from 1 billion in 2020. By 2050, the world’s population of people aged 60 years and older will double (2.1 billion). The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million.
Principal takeaways in the air purifiers market study:
- Increasing health concerns, increasing consumer spending on lifestyle products, and the deterioration of global air quality are the main factors that are expected to boost the demand for the market for air purifiers over the forecast period.
- Policies of the government play an essential part in the expansion of the air purifiers market.The rising pollution is also expected to boost the air purification market in the upcoming years.
- Moreover, increasing concerns regarding the harmful effects of air pollution in various regions globally have increased awareness about the advantages of air cleaning units for clean indoor air.
- Asia Pacific is expected to dominate the global air purifier market due to the rising pollution and smog in the region, accompanied by industrialization and urbanization
- In Europe, the UK air purifier market is expected to grow rapidly because of harmful emissions generated by industrial vehicles. Moreover, because of the increasing amount of manufacturing units throughout North America, the level of air pollution is rising in a fast-paced manner, leading to an increasing number of respiratory illnesses. Consequently, the US air purifier market is anticipated to grow in the near future.
Segmental Analysis: Air Purifier Market
- Based on type, the preference for portable air purifiers is increasing continuously among customers across the globe.
- On the basis of technology, HEPA Filter air purifiers are gaining considerable growth in the coming years. HEPA filters are highly efficient in trapping airborne particles, including dust, smoke, pollen, and bio-contaminants.
- On the basis of end user, the commercial segment is anticipated to hold a prominent share of the global air purifier market. Commercial segments include hospitals, offices, hotels, educational centers, movie theaters, shopping malls, conference centers, and other recreational facilities
- Based on Region, Asia Pacific is expected to dominate the global air purifiers market due to rising air pollution in countries like China and India.
Competition Analysis
The global air purifier market is fragmented in nature with presence of various players operating in the market. Companies are focusing on manufacturing smart air purifiers owing to the rising demand for smart air purifiers among various end use verticals.
Moreover, companies are also concentrating on offering room air purifiers that remove smoke as well as dust pollutants. These players adopt various strategies including product launches, mergers and acquisitions, and partnerships and collaborations which directly result in propelling the growth of the global air purifiers market.
These players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, product launches, Partnerships, and collaborations are some of the strategies followed by industry players. Some of the key developments in the Indian mining market include,
- In December 2021, Wipro Lighting entered into a strategic partnership with Aura Air. Wipro Lighting entered into the air quality management sector and expand its business.
- In October 2022, AeroClean Technologies and Molekule announced their merger for establishing an Industry-Leading Provider of Premium, FDA-Cleared Air Purification Products, and Solutions.
- In November 2021, iRobot announced the acquisition of air purification company Aeris Cleantec AG. The acquisition supports iRobot's vision of building the world's most thoughtful robotics and developing intelligent home innovations that make life better.
Some of the prominent players operating in the global market are Honeywell International, Inc., IQAir North America Inc., LG Electronics Inc., Aerus LLC, Unilever PLC, Daikin Industries, Ltd., Panasonic Corporation, Koninklijke Philips N.V., Whirlpool Corporation, Hamilton Beach Brands Inc., The Camfil Group, Xiaomi Corporation, and Unilever Plc.
RationalStat has segmented the global Air Purifiers market on the basis of type, technology, coverage area, distribution channel, end user, and region.
- By Type
- Fixed
- Portable
- By Technology
- HEPA Filter
- Pre-Filter
- Activated Carbon Filter
- Electrostatic Filter
- TiO2 Filter
- Ionic Filter
- Ultraviolet Technology
- Others (Ozone, etc.)
- By Coverage Area
- Less than 250 Sq. Ft.
- 251-500 Sq. Ft.
- 501-700 Sq. Ft.
- More than 700 Sq. Ft.
- By Distribution Channel
- Online/E-Commerce
- Company Owned Website
- E-commerce Website
- Offline
- Brand Outlets
- Specialty Stores
- Supermarkets / Hypermarkets
- Others (Retail Stores, etc.)
- By End User
- Residential
- Commercial
- Industrial
- By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East Africa
- GCC
- South Africa
- Turkey
- Rest of the Middle East Africa
- North America
- Online/E-Commerce
For more information about this report: https://store.rationalstat.com/store/global-air-purifiers-market/
About RationalStat LLC
RationalStat is an end-to-end US-based market intelligence and consulting company that provides comprehensive market research reports along with customized strategy and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
Contact
RationalStat LLC
Dorinda Erwin, Content and Press Manager
sales@rationalstat.com
Phone: +1 302 803 5429
