Global Residential Air Purifiers Market– Market Intelligence & Future Trends 2017-2026

Global Residential Air Purifiers Market was valued at USD XX Billion in the year 2018. Global Residential Air Purifiers Market is further estimated to grow at a CAGR of XX% from 2019 to reach USD XX Billion by the year 2026. The North America region holds the highest market share in 2019 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At a country level, US, China, and the U.S. are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development.

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Key Market Players

Honeywell International Inc.
3M Company
Sharp Corporation
Daikin Industries, Ltd.
Air Products and Chemicals, Inc.
Camfil
Philips
Whirlpool
Coway
Blue Air
(A brief overview of 10 companies is also provided)

Honeywell International Inc. (U.S), 3M Company (U.S), Sharp Corporation (Japan) are the key players in this market. Rising research and development expenses are catering to changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

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Drivers:
Accelerated urbanization

Restraints:
Quite expensive

Opportunities:

Technological advancements
Increased expenditure across developing nations

Challenges:

The effort to gain profits

The Global Residential Air Purifiers Market is segmented as By Product, Technology, End Use and Region. The Product segment is divided into dust collectors, fume & smoke collectors, vehicle exhaust, mist eliminators, Fire/Emergency exhaust and others (air cleaners, industrial UV systems etc.) in which fume and smoke collectors accounted for the highest market share with rising demand for automobiles. By Technology, it is divided into HEPA, Electrostatic precipitator, Activated carbon, Ionic filters and others (ultraviolet light air filters and ozone generators) in which HEPA is projected to register the highest market share. By End Use, it is divided into Automotive, Construction, Healthcare & medical, Energy & Utilities, Manufacturing and others (residential, education, aviation, and hospitality sectors) due to the rising demand for automobiles and increasing concern for indoor air quality of automobiles.

Among all, it is expected that the HEPA segment will be growing at a moderate CAGR of XX % in the assessment period.

Key Benefits for Stakeholders

Air purification solutions providers
Environmental service providers
Government and regulatory bodies
Market research and consulting firms
Commercial R&D institutions
Associations and industry bodies

By Product

Dust collectors
Fume & smoke collectors
Vehicle exhaust
Mist eliminators
Fire/Emergency exhaust
Others (air cleaners, industrial UV systems etc.)

By Technology

HEPA
Electrostatic precipitator
Activated carbon
Ionic filters
Others (ultraviolet light air filters and ozone generators)

By End Use

Automotive
Construction
Healthcare & medical
Energy & utilities
Manufacturing
Others (residential, education, aviation, and hospitality sectors)

By Region

North America
Europe
Asia-Pacific
RoW

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Research Methodology:

Mnemonics Market Research follows in-depth Research Methodology focused on reducing deviation in the collected data. Mnemonics Market Research offers the most precise evaluations and projection for the market numbers. Mnemonics Market Research engages following Market Engineering techniques –

Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
To avoid bias, we filter the collected data collected from authenticated sources.
Mnemonics Market Research has a well proven Statistical Modeling System for estimates and forecasts.
Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.

Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.
Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

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