For more insights on the scope and value chain analysis, Read a FREE Sample Report
Key Market Dynamics:
- Market Driver: One of the key factors driving the global portable air purifier industry growth is the incorporation of advanced technologies in air purifiers. The availability of air purifiers for outdoor environments is expanding due to the rising popularity of small, portable air purifiers that are about the size of a travel mug. The creation of portable air purifiers with displays for temperature, humidity, and air quality is anticipated to help the market expand. In August 2020, LG Electronics unveiled the PuriCare Wearable Air Purifier, which provides both indoor and outdoor clean and fresh air.
- Market Challenge: One of the key challenges to the global portable air purifier industry growth is the presence of counterfeit products, especially in developing regions. The demand for counterfeit products is increasing owing to their low cost, as they are made of low-quality raw materials and have less durability. the availability of counterfeit products adversely affects the sales and pricing strategies of market vendors by diluting their market shares and damaging their reputation. Advertising and promotional campaigns help key vendors retain and attract customers and ensure their loyalty toward brands. However, such promotional activities are expensive and reduce the profit margins of vendors. Thus, the presence of counterfeit products may limit the growth of the market during the forecast period.
To learn about additional key market dynamics, View Report Sample PDF
Key Market Dynamics
The portable air purifier market report is segmented by Application (Residential and Commercial) and Geography (APAC, North America, Europe, South America, and Middle East and Africa).
- Regional Opportunities: 35% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for portable air purifiers in APAC. Market growth in this region will be faster than the growth of the market in the Middle East and Africa. The increased introduction of global brands and products in the market, the rising adoption of premium and technologically advanced air purifiers, the growing knowledge and awareness about air purifiers and their benefits, and the development of the commercial sector will facilitate the portable air purifier market growth in APAC over the forecast period.
- Revenue-generating Segment Highlights: The portable air purifier market share growth in the residential segment will be significant during the forecast period. The growth of the segment is attributed to the supportive government regulations for effective air pollution monitoring and control, the growing popularity of smart homes, increasing public-private funding for effective air pollution monitoring, rising levels of air pollution worldwide, and increasing public awareness about the health and environmental consequences of air pollution.
Request for a FREE Sample Report for segment-wise contribution and regional opportunities
Some Companies Mentioned with their Offerings
- Airfree Produtos Electronicos SA
- Austin Air Systems Ltd.
- Blue Star Ltd.
- Coway Co. Ltd.
- Daikin Industries Ltd.
- Dyson Ltd.
- Guardian Technologies LLC
- Haier Smart Home Co. Ltd.
- Honeywell International Inc.
- Koninklijke Philips NV
- Panasonic Corp.
- Real Spirit USA Inc.
- Sharp Corp.
- Unilever PLC
- Vesync Co. Ltd.
- Whirlpool Corp.
- Access vendor profiles with product offerings and key strategic initiatives as you Grab your Sample PDF copy
Related Reports:
Smart Air Purifier Market Growth, Size, Trends, Analysis Report by Type, Application, Region, and Segment Forecast 2022-2026
Air Purifier Market Growth, Size, Trends, Analysis Report by Type, Application, Region, and Segment Forecast 2022-2026
Robotic Air Purifier Market Growth, Size, Trends, Analysis Report by Type, Application, Region, and Segment Forecast 2022-2026
Residential Air Purifier Market in US Growth, Size, Trends, Analysis Report by Type, Application, Region, and Segment Forecast 2021-2025
Residential Portable Air Purifier Market Growth, Size, Trends, Analysis Report by Type, Application, Region, and Segment Forecast 2020-2024
Portable Air Purifier Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.27% |
Market growth 2022-2026 |
$ 5.84 billion |
Market structure |
Fragmented |
YoY growth (%) |
9.45 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 35% |
Key consumer countries |
US, Canada, China, Japan, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Airfree Produtos Electronicos SA, Austin Air Systems Ltd., Blue Star Ltd., Coway Co. Ltd., Daikin Industries Ltd., Dyson Ltd., Guardian Technologies LLC, Haier Smart Home Co. Ltd., Honeywell International Inc., Koninklijke Philips NV, Panasonic Corp., Real Spirit USA Inc., Sharp Corp., Unilever PLC, Vesync Co. Ltd., and Whirlpool Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation by Application
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:[email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article