Press release
Air Purifier Market Opportunities and Growth TO 2029 | IQAir North America Inc., Honeywell International, Inc., LG Electronics, Inc.
"Leading air purifier manufacturers are investing in research and development, particularly aimed towards industrial to be compliant with permissible air pollution levels," concludes the Fact.MR report.
Request PDF Sample of the 170-page report on the air purifiers market- https://www.factmr.com/connectus/sample?flag=S&rep_id=4617
Air Purifier Market - Key Takeaways
High Efficiency Particulate Air (HEPA) technology-based air purifier will account for a major market share of over 40% of the overall value through 2029.
The activated carbon filters segment will provide highly remunerative opportunities with a 11% CAGR.
Commercial applications will maintain a high growth rate, accounting for more than 70% of the market share through the end of the forecast period.
Industrial applications will display a CAGR of more than 11% of the overall market revenue through 2029, driven by stringent air pollution regulations.
South Asia and Oceania will provide highly lucrative growth opportunities with a massive 12% CAGR in this duration, propelled by the adoption of smart devices.
Air Purifier Market - Key Driving Factors
The high prevalence of air pollution and cardiovascular diseases is a key factor driving the adoption of air purifiers.
Rising health awareness among consumers, and the frequent outbreaks of airborne diseases will support growth of global market.
The rising use of air purifiers, in residential and industrial applications, are sustaining market growth.
Increasingly strict regulations associated with air quality in industrial and commercial spaces is pushing the air purifier market.
The increasing disposable income among the large millennial consumer demographic contribute to sales.
Air purifiers Market - Key Constraints
Strong competition from cheaper alternative products such as face masks, providing comparable performance is a key threat that is likely to hamper market growth.
The Impact of the Coronavirus Outbreak
The covid-19 outbreak has generated major remunerative opportunities for air purifier manufacturers, with high performance units comprising HEPA and activated carbon technologies being highly popular, to minimize the spread of the virus, for enclosed spaces.
Premium, high performance air purifiers are capable filtering out particles up to 1 micron, and the size of the Covid-19 virus is estimated to be around 1.2 microns. Consequently, manufacturers have displayed confidence in being able to provide a solution for indoor environments, during the outbreak, which will sustain demand for the near future.
Explore 98 tables and 193 figures in the study. Request TOC of the report at- https://www.factmr.com/connectus/sample?flag=RM&rep_id=4617
Competition Landscape
The global air purifiers market is moderately consolidated. The leading players profiled in the report include, but are not limited to Whirlpool Corporation, IQAir North America Inc., Hamilton Beach Brands Inc., Honeywell International Inc., Panasonic Corporation, Koninklijke Philips N.V., LG Electronics Inc., Daikin Industries Ltd., Unilever plc., and Aerus LLC. Market leaders are investing in research and development activities, for the development of sustainable revenue streams. Manufacturers are also channeling their efforts towards strategic collaborations with non-profit organizations to set up awareness campaigns, as indicated by the Fact.MR report.
About the Report
This 170-page study offers readers a comprehensive market forecast of the air purifiers market. Global, regional and country level analysis of the latest industry trends impacting the air purifiers market are covered in this Fact.MR study. The report offers compelling insights on the air purifiers market on the basis of material (high efficiency particulate air, activated carbon, ionic filters, and others), application (commercial, residential, and industrial), across six regions (Middle East and Africa, South Asia and Oceania, East Asia, Europe, Latin America, North America).
Press Release: https://www.factmr.com/media-release/1387/global-air-purifier-market
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
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