BURNABY, Canada, December 9, 2014 /PRNewswire/ --
Rising Air Pollution and Growing Health Concerns Due to Increasing Incidences of Respiratory Diseases to Amplify Demand for Air Purifiers in the US Over the Next Five Years
The market for air purifiers in the US has been witnessing moderate growth during the past few years. Growing awareness about various respiratory diseases, such as asthma and chronic obstructive pulmonary disease (COPD), caused due to air pollution is significantly propelling the demand for air purifiers in the country. The government is organizing various awareness campaigns as a part of its efforts to reduce air pollution and ensure safe indoor environment, which is expected to boost sales of air purifier units across all segments in the country.
According to recently published report by TechSci Research "United StatesAir Purifier Market Forecast & Opportunities, 2019", the air purifier market in the United States is projected to register a CAGR of around 9% during 2014-19. Healthcare and hospitality sectors are emerging as key target segments for air purifier manufacturers in the US, though demand is also increasing steadily from residential and industrial sectors. Air purifier companies in the US are forming strategic tie-ups with leading retail stores across the country. Moreover, increasing product availability due to growing online retail market is also benefitting the US air purifier market.
Major filter technologies adopted by air purifier companies in the US are High Efficiency Particulate Air (HEPA), Activated Carbon, Ion & Ozone Generator and Electrostatic Precipitator. While some of these filter technologies are used in combination to improve purification efficiency, certain market players have developed their own patented filter technologies to ensure better air purification. The HEPA filter based air purifier segment is expected to continue dominating the US air purifier market during the forecast period due to high sales of these types of air purifiers. Other technologies, such as Activated Carbon, Plasmacluster Ion, etc. are also expected to gain stronger foothold in the country's air purifier market over the next five years.
The market for air purifiers with HEPA and activated carbon filters is growing at a rapid rate due to the benefits offered by combining both of these air purification technologies. With continuing growth in the country's HVAC market, air purifier companies are sensing potential opportunities by integrating air purification technology with HVAC systems, primarily for installation in luxury apartments.
"Medical tourism is a flourishing industry in the US, which generates significant demand for air purifiers from healthcare institutes, childcare clinics, maternity wards, etc. Rising air pollution in the US coupled with growing health awareness among consumers due to increasing incidences of lung cancer and respiratory diseasesis expected to propel the country's air purifier market in the coming years," said Mr. Karan Chechi, Research Director with TechSci Research, a global management consulting firm.
"United States Air Purifier Market Forecast & Opportunities, 2019" has evaluated the future growth potential of the air purifier market in the United States and provides statistics and information on market structure, size, segmental analysis, etc. The report includes air purifier market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities prevailing in the United States Air Purifier Market.
About TechSci Research
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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SOURCE TechSci Research