Press release
Air Purifiers Market Growth Factors, Latest Trends And Regional Analysis By Leading Players Forecast To 2023
The Business Research Company
The global air purifiers market reached a value of nearly $1,559.8.0 million in 2019, having grown at a compound annual growth rate (CAGR) of 9.0% since 2015, and is expected to grow at a CAGR of 10.8% to nearly $2,350.8 million by 2023. The market is expected to nearly $2,886.0 million by 2025, and to $4,819.4 million by 2030.
The Key drivers of the air purifiers market include:-
The deteriorating quality of air in many regions globally has resulted in an increase in chronic diseases such as asthma, respiratory allergies, and heart and airway diseases. In countries such as China and India, the air pollution index was more than the maximum advisable limit. In 2018, pollution indices of 85.8 and 75.8 were recorded in China and India respectively. According to a study by AirVisual in 2019, out of the world’s 100 most polluted cities, 99 were in the Asia-Pacific region.
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Air Purifiers Market Segmentation:-
By Type
1. Fume & Smoke Collectors
2. Dust Collectors
3. Others
The fume & smoke collectors market was the largest segment of the air purifiers market by type, accounting for $775.9 million or 49.7% of the total market in 2019. The dust collectors market is expected to be the fastest-growing segment going forward at a CAGR of 13.6%.
By End User
1. Residential
2. Commercial
The residential market was the largest segment of the air purifiers market by end-user, accounting for $1,143.0 million or 73.3% of the total market in 2019. The commercial market is expected to be the fastest-growing segment going forward at a CAGR of 11.0%.
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By Geography - The air purifiers market is segmented In to
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa
Some of the major key players involved in the air purifiers market are
1. LG Electronics Inc.,
2. Coway Co., Ltd.,
3. Daikin Industries, Ltd.,
4. Dyson Ltd.,
5. Whirlpool Corporation
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Contact Information:
The Business Research Company
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Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
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About US:
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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