Future Outlook of Air Purifier Market is significantly Grow - Forecast 2025 | Top International Players - Sharp, Philips, Panasonic, Daikin, Coway, YADU, Electrolux, Whirlpool

Global Air Purifier Market overview:

The growing demand for Air Purifier has provided a major boost to the Global Air Purifier Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.

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improved standard of living, increasing disposable income as well as growing health consciousness are some of the factors expected to drive the growth. Increasing need for the adoption of air pollution control equipment, especially in the developing regions is anticipated to drive the demand for air purifiers. Growing health awareness, especially in the urban youth, is expected to contribute significantly to the growth.

Stringent environmental protection laws, growing industrialization, and awareness for controlling pollution is anticipated to have a positive influence on the market growth in U.S. over the forecast period. The High-Efficiency Particulate Air (HEPA) technology segment is expected dominate the U.S. market over the forecast period as it is the most effective technology for trapping harmful airborne particles.

The global Air Purifier Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.

Based on Product Type, the market is divided into:

1 HEPA

2 Activated Carbon

3 UV Technology

4 Ion and Ozone Generator

On the basis of End Use Industry, the market is split into:

1 Residential

2 Commercial

The major benefit of a smart air purifier is that users can track and control the indoor air quality and can change the basic settings through smartphones. Moreover, increase in awareness about the adverse effects of pollution on health is encouraging various electronics companies to develop advanced air purifiers. Moreover, rise in need to remove fine airborne particles and germs in commercial spaces, offices, and homes, including the living room, bedroom, kitchen, and bathroom drives the demand for smart air purifiers across the globe.

Objectives of the Study

To describe and forecast the global Air Purifier Market on the basis of Product Type, industry verticals, Channel and regions.

To forecast the Air Purifier Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.

To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.

To provide detailed information regarding the major factors influencing the growth of the Air Purifier Market (drivers, restraints, opportunities, and challenges).

To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.

To strategically profile key players and comprehensively analyze their core competencies and positioning.

To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the Air Purifier Market.

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Some of the Air Purifier Market manufacturers involved in the market are Sharp, Philips, Panasonic, Daikin, Coway, YADU, Electrolux, Whirlpool, Midea, Blueair, Samsung, Austin, Beiangtech, Lexy, Acquisitions and effective mergers are some of the strategies adopted by the Air Purifier Market manufacturers. New product launches and continuous technological innovations are the Air Purifier Market strategies adopted by the major players.

Latest Industry Updates:

Philips India, a subsidiary of Royal Philips, Netherlands and a leader in health technology today introduced a new range of innovative budget air purifiers - Philips 800 series, further strengthening its air purifier portfolio in India. As part of Philips' commitment to deliver meaningful and accessible innovation in personal health and well-being, Philips 800 series air purifiers aims to empower families to take control of indoor air quality with highly efficient air purification solution.� With this launch, Philips now offers air purifiers across price segments.

Philips 800 series air purifiers have been specifically developed to ease asthma and allergy symptoms in children and adults. It is built with an Intelligent auto purification mode and smart sensing technology that is powered by professional grade sensor that automatically sense and react to even slightest change in the air.� With its one- button effortless control, it can remove 99.95% Nano-sized particles at 0.003um, including PM2.5, dust and car emission.

At Philips, we believe that our consumers are at the core of every innovation. We have 40+ years of research in Air purification globally and have powered the range of air purifiers with cutting-edge technology that offers highly efficient air purification solutions suitable to its Indian consumers. Our air purifiers remove 99.97% airborne pollutants as small as 0.003 micron. To make air purifiers affordable and accessible, we offer products from entry level to premium level ranging from INR 8,995 to INR 74,995. Air purification is one of our fastest growing categories, delivering a 60% growth over last year till date. We are confident that our solutions will give control to our consumers and help them breathe healthy air."

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Asia Pacific was a prominent market for Air Purifiers in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Air Purifier market in Asia Pacific.

There are several manufacturers of Air Purifiers in Europe and North America. In North America, the demand for Air Purifiers is primarily driven by the residential sector. Improved standards of living and rising usage of Air Purifiers for flooring purpose are anticipated to drive the market in North America.

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Table of Contents:

Global Air Purifier Market Report 2020

1 Air Purifier Definition

2 Global Air Purifier Market Major Player Share and Market Overview

3 Major Player Air Purifier Business Introduction

4 Global Air Purifier Market Segmentation (Region Level)

5 Global Air Purifier Market Segmentation (Product Type Level)

6 Global Air Purifier Market Segmentation (Industry Level)

7 Global Air Purifier Market Segmentation (Channel Level)

8 Air Purifier Market Forecast 2020-2024

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