UV Air Purifiers Market Projected to Exhibit Growth at 9.5% CAGR by 2031- TMR Study
The global UV air purifiers market, valued at US$ 1.2 billion in 2022, is projected to witness substantial growth, reaching US$ 2.5 billion by the end of 2031. Analysts attribute this growth to factors such as rapid urbanization, population increase, and rising disposable income, which have fueled demand for convenient and smart appliances. However, challenges such as high product costs and the generation of harmful byproducts may hamper market expansion.Introduction to UV Air Purifiers
UV air purifiers, also known as UV air cleaners, play a vital role in improving indoor air quality by utilizing ultraviolet (UV) light to deactivate or kill airborne microorganisms such as bacteria, viruses, and mold. The latest innovations in UV-C air purification technology have led to increased demand for portable products, fostering market growth.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=79194&utm_source=OpenPR_Ganesh&utm_medium=OpenPR
Driving Factors for Market Growth
Rapid industrialization and urbanization have led to a decline in indoor air quality, particularly in major cities like Delhi and Beijing. This has driven the adoption of smart UV air purifiers to combat air pollution. Additionally, government initiatives aimed at reducing emissions and improving air quality are further propelling market growth.
R&D and Innovation
Manufacturers are investing heavily in the research and development of new UV air purifiers to expand their product portfolios and cater to growing consumer demand. Multi-functional products with smart technologies are being developed to meet the diverse needs of consumers, particularly in developing economies where air pollution is a significant concern.
Demand for Portable UV Air Purifiers
The portable mounting type segment is expected to dominate the market, driven by the flexibility and affordability of portable air purifiers. These purifiers can be easily moved and placed in different rooms or areas as needed, making them a popular choice among consumers.
Regional Outlook
Asia Pacific is projected to hold the largest share of the UV air purifiers market, followed by Europe and North America. Rapid urbanization, high levels of allergens, and growing concerns about air pollution are key drivers of market dynamics in the region.
Key Players and Market Competition
The UV air purifiers market is fragmented, with the presence of numerous local and global players. Competition is expected to intensify, with vendors investing in R&D and adopting partnership, collaboration, and M&A strategies to increase market share.
Key Developments
Leading players such as Resideo Technologies Inc., LG Corporation, and Airthereal are expanding their product portfolios and entering into partnerships to capitalize on market opportunities. For example, Resideo Technologies Inc. added new air quality products to its portfolio, while Airthereal partnered with ProjectN95 and Sundial Home to expand its product offerings.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ | ๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=79194<ype=S&utm_source=OpenPR_Ganesh&utm_medium=OpenPR
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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