Europe Air Purifier Market to Grow at CAGR 14% till 2021: TechSci Research Report
NEW YORK, December 19, 2016 /PRNewswire/ --
Growing urbanization, increasing consumer spending on lifestyle products and deteriorating air quality to drive Europe air purifiers market
According to TechSci Research report, "Europe Air Purifiers Market By Filter Type, Competition Forecast and Opportunities, 2011 - 2021", the air purifiers market in Europe is forecast to grow at a CAGR of over 14% during 2016 - 2021, on account of increasing pollution levels, deteriorating quality of indoor air coupled with improving macroeconomic conditions of European countries. Europe's GDP per capita increased from USD33,595 in 2010 to USD36,425 in 2014. With improving economies, the purchasing power of consumers living in European countries is increasing, and allowing them to purchase consumer products, including air purifiers.
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Browse 30 market data Tables and 96 Figures spread through 180 Pages and an in-depth TOC on
"Europe Air Purifiers Market"
Another major factor driving the sales of air purifiers in Europe is the growing instances of respiratory diseases caused by various pollutants present in the air, indoor as well as outdoor. Due to mounting exposure to airborne pollutants and irritants with each breath, the number of individuals suffering from air borne diseases has surged over the years. According to the European Environment Agency (EEA), air pollution is resulting in more than 400,000 deaths every year in the region. Moreover, in 2012, around 92% people were frequently exposed to high levels of fine Particulate Matter (PM2.5), which led to 432,000 premature deaths in different parts of the region in the same year.
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"In 2015, HEPA and activated carbon based air purifiers dominated the region's air purifiers market, on account of their high efficiency in removing particulate matter and odor, coupled with surging demand for these purifiers due to increasing government expenditure on public infrastructure such as construction of hospitals, railway stations, airports, public amenities, government guest houses, metros, etc. Germany dominated the region's air purifiers market during 2011 - 2015 owing to high pollution levels and increasing health concerns among consumers, especially those living in the urban areas.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Europe Air Purifiers Market By Filter Type, Competition Forecast and Opportunities, 2011 - 2021" has evaluated the future growth potential of air purifiers market in Europe and provides statistics and information on market structure, size, share and future growth in Europe air purifiers market. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities in Europe air purifiers market.
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