Air Purifier Market to Reach USD 18.15 Billion By 2027 | CAGR of 10.7%: Emergen Research
- The growth of the market is attributed to the increase in demand for clean air, due to the growing population levels in addition to growing lungs problems, in urban areas
- Market Size - USD 8.05 Billion in 2019, Market Growth - CAGR of 10.7%, Market Trends -Increasing disposable income with growth in spending on home appliances.
VANCOUVER, B.C., Sept. 21, 2020 /PRNewswire/ -- The global Air Purifier Market is projected to reach USD 18.15 billion by 2027, according to a recent report by Emergen Research. The usage of air cleaners is significantly growing across countries, especially wherever pollution levels are extraordinarily high. Factors like the rise in industrial activities, rise in urbanization, increase in pollution because of high emission from factories, and social unit activities act as the key market drivers. APAC, Europe, and North America happen to be the major regions with a high demand for air filters.
On the availability facet, since the lockdown commenced globally, the air apparatus business was severely hampered. Retail and on-line sales came to a standstill because of the disruption on multiple fronts like logistics, on-line channels, and value chain. However fear for virus and the lingering of virus in the air has somewhat added impetus to sales of air purifier.
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Key Highlights From The Report
- Once lockdown restrictions due to covid-19 are eased, international air apparatus corporations is likely to consume existing inventory of air purifiers and address the hampered production and international trade, inspite of chain disruptions. Recovery within the residential sector is anticipated to be slow because of discretionary shopper payment and low pollution levels.
- Over the years and still now, air purifiers are thought of a luxury or lifestyle artefact instead of a necessity by the plenty. A brief shift targeted towards business and institutional end-users, especially hospitals, offices, and government buildings, is anticipated to assist recover the air purifier business.
- HEPA emerged as the largest technology section in 2019 with a market share of 45.1%, due to improved potency of the technology as it entraps dust mites, pollens, dirt and different indoor allergens
- Key participants include Unilever PLC, LG Electronics, Inc., IQAir North America, Panasonic Corporation, Aerus LLC, Whirlpool Corporation, Hamilton Beach Brands, Inc., Daikin Industries, Ltd., Honeywell International, Inc. and Koninklijke Philips N.V.
- North America is projected to expand at a CAGR of 10.2% over the forecast period, due to high buying power of shoppers, augmented by increasing awareness concerning the prevalence of diverse diseases born due to unhealthy air.
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For the purpose of this report, Emergen Research has segmented into the global Air Purifier Market on the basis of Type, Application, and Region:
Technology Outlook (Revenue, USD Billion; 2017-2027)
- High Efficiency Particulate Matter (HEPA)
- Activated Carbon
- Ionic Filters
- Others
Applications Outlook (Revenue, USD Billion; 2017-2027)
- Commercial
- Residential
- Industrial
- Others
Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
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