The global air purifier market size is expected to reach USD 7.3 billion by 2025, according to a new report by Radiant Insights, Inc., expanding at a CAGR of 8.2% over the forecast period. Rising smog problem and pollution is a serious issue considered by the government and citizens across the globe.
Factors such as portability, increasing airborne diseases, and growing health consciousness among consumers are driving the market. High demand from Tier-I cities across the globe is driving the market owing to growing smog and presence of consumers with high purchasing power. Consumers are taking this issue into their own hands and are rushing to purchase air purifiers, which is fueling the market growth.
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Growing industrial sector, deterioration of air quality in developing and developed countries, and rising environmental pollution are influencing governments to impose laws on reducing pollution and launce favorable schemes to increase adoption of air purifiers. As countries are not very effective in controlling the outdoor quality at this moment, air purifiers are mostly preferred to keep the indoor air fresh.
Multi-functional air purifiers have emerged as the new trend in the market as consumers are demanding air purifiers having functionality of air purifier, along with humidifiers and dehumidifiers, offering better value for money in various cost centric countries. For instance, Panasonic launched its humidifying series to cope up with this trend, distinguishing itself from its traditional line of air purifiers.
HEPA air purifier accounted for the largest market share in 2018 and is estimated to be the fastest growing segment over the forecasted period owing to its high efficiency as it is manufactured by using ultra-fine and glass fiber media. It captures the contaminants from air by using simple physics of particles moving through air to collect and purify air.
Activated carbon air purifiers held the second largest share in 2018. They are estimated to witness growth over the forecast period owing to their special property to remove volatile organic compounds (VOCs), odors, and other gaseous pollutants from the air. They are mostly used to remove gases and are specially designed to remove odor from air such as smell of tobacco smoke, gases from cooking, or pet odors.
Asia Pacific is estimated to be the fastest growing region over the forecast period owing to increasing rate of deaths caused by air pollution. As per the State of Global Air report, around 60% (846 million) and 32% (452 million) of population is exposed to household air pollution in India and China respectively. As per the Health Effects Institute, many developing countries in Asia Pacific have higher death ratio in the range of 400 - 180 deaths per 100,000 people as compared to other countries.
These factors are creating more opportunities for manufacturers in the region to establish a strong foothold in the air purifier market. Air purifiers are the most demanding household appliance in many of Tier-I cities of China, making it the fifth most preferred item after air-conditioners, refrigerators, washing machines, and TVs.
Further key findings from the report suggest:
• By technology, the HEPA segment is expected to witness the highest growth owing to its efficiency to remove 99.5% of as small as 0.3 to 0.003 microns, making it as the most efficient and preferred choice among consumers
• U.S. is the largest and fastest growing market owing to high purchasing power, awareness regarding airborne diseases, and deteriorating air quality, which is attributed to increasing industrialization
• Some of the key players operating in the global air purifier market are Honeywell; IQAir; Philips; Coway; Camfil; Blueair Inc.; and Sharp Corporation.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/air-purifier-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Air Purifier Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter's
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Air Purifier Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Air Purifier Market: Technology Estimates & Trend Analysis
5.1. Technology Movement Analysis & Market Share, 2018 & 2025
5.2. HEPA
5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.3. Electrostatic Precipitators
5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.4. Ionic Filters
5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.5. Others
5.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/consumer-goods
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Factors such as portability, increasing airborne diseases, and growing health consciousness among consumers are driving the market. High demand from Tier-I cities across the globe is driving the market owing to growing smog and presence of consumers with high purchasing power. Consumers are taking this issue into their own hands and are rushing to purchase air purifiers, which is fueling the market growth.
Download Free Sample Report @ https://www.radiantinsights.com/research/air-purifier-market/request-sample
 |
| Air Purifier Market |
Growing industrial sector, deterioration of air quality in developing and developed countries, and rising environmental pollution are influencing governments to impose laws on reducing pollution and launce favorable schemes to increase adoption of air purifiers. As countries are not very effective in controlling the outdoor quality at this moment, air purifiers are mostly preferred to keep the indoor air fresh.
Multi-functional air purifiers have emerged as the new trend in the market as consumers are demanding air purifiers having functionality of air purifier, along with humidifiers and dehumidifiers, offering better value for money in various cost centric countries. For instance, Panasonic launched its humidifying series to cope up with this trend, distinguishing itself from its traditional line of air purifiers.
HEPA air purifier accounted for the largest market share in 2018 and is estimated to be the fastest growing segment over the forecasted period owing to its high efficiency as it is manufactured by using ultra-fine and glass fiber media. It captures the contaminants from air by using simple physics of particles moving through air to collect and purify air.
Activated carbon air purifiers held the second largest share in 2018. They are estimated to witness growth over the forecast period owing to their special property to remove volatile organic compounds (VOCs), odors, and other gaseous pollutants from the air. They are mostly used to remove gases and are specially designed to remove odor from air such as smell of tobacco smoke, gases from cooking, or pet odors.
Asia Pacific is estimated to be the fastest growing region over the forecast period owing to increasing rate of deaths caused by air pollution. As per the State of Global Air report, around 60% (846 million) and 32% (452 million) of population is exposed to household air pollution in India and China respectively. As per the Health Effects Institute, many developing countries in Asia Pacific have higher death ratio in the range of 400 - 180 deaths per 100,000 people as compared to other countries.
These factors are creating more opportunities for manufacturers in the region to establish a strong foothold in the air purifier market. Air purifiers are the most demanding household appliance in many of Tier-I cities of China, making it the fifth most preferred item after air-conditioners, refrigerators, washing machines, and TVs.
Further key findings from the report suggest:
• By technology, the HEPA segment is expected to witness the highest growth owing to its efficiency to remove 99.5% of as small as 0.3 to 0.003 microns, making it as the most efficient and preferred choice among consumers
• U.S. is the largest and fastest growing market owing to high purchasing power, awareness regarding airborne diseases, and deteriorating air quality, which is attributed to increasing industrialization
• Some of the key players operating in the global air purifier market are Honeywell; IQAir; Philips; Coway; Camfil; Blueair Inc.; and Sharp Corporation.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/air-purifier-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Air Purifier Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter's
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Air Purifier Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Air Purifier Market: Technology Estimates & Trend Analysis
5.1. Technology Movement Analysis & Market Share, 2018 & 2025
5.2. HEPA
5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.3. Electrostatic Precipitators
5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.4. Ionic Filters
5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.5. Others
5.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/consumer-goods
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
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