UV Air Purifiers Market is estimated to expand at a CAGR of ~8%

Transparency Market Research delivers key insights on the global UV air purifiers market. In terms of revenue, the global UV air purifiers market is estimated to expand at a CAGR of ~8% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global UV air purifiers market.

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Companies are heavily investing in R&D to launch an exclusive collection of UV air purifiers under different brands. Key companies are associating with well-known celebrities for brand endorsement. Partnerships with global technology providers and strict adherence to the standards declared by international regulatory associations such as ISO, The U.S. Consumer Product Safety Commission (CPSC), and ASTM is a major trend in the global UV air purifiers market.

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UV Air Purifiers Market: Key Segments

In terms of mounting type, the portable UV air purifiers segment is expected to hold a major market share. Portable air purifiers offer different features such as adjustable thermostat, LED display, and Wi-Fi. Moreover, manufacturers are offering multifunction portable UV air purifiers to drive their demand across the world. This is projected to increase market attractiveness of portable UV air purifiers globally during the forecast period.

Based on power (watt), less than 70 watt segment is expected to hold major market share in 2020, since across the world consumers believe that lesser power watt is better, as they want to save energy cost. As a result, consumers are more inclined toward less than 70 watt UV air purifiers globally.

In terms of air flow range, more than 2.0 m3/sec segment is expected to dominate the global UV air purifiers market, followed by 1.4 -2.0 m3/sec and 0.7 - 1.4 m3/sec segments. As compared to large air flow range UV air purifiers, small air flow range UV air purifiers are less costly, have low maintenance, and are easy to clean.

In terms of application, the commercial segment is expected to hold major market share, and is anticipated to maintain its share during the forecast period. Compared to other applications, the residential segment is likely to expand at the fastest rate during the forecast period. Rising consumer awareness about UV air purifiers and increasing pollution across the world are projected to have a positive impact on the residential segment.

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In terms of distribution channel, the online distribution channel is projected to be the most attractive segment during the forecast period due to preference of individuals toward online shopping.

UV Air Purifiers Market: Prominent Regions

The global market for UV air purifiers has been divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., Germany, France, and Rest of Europe), Asia Pacific (China, Japan, India, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa), and South America (Brazil and Rest of South America). The global UV air purifiers market is dominated by Asia Pacific. Consumers in Asia Pacific are gradually understanding the benefits of UV air purifiers, which is projected to increase the demand for UV air purifiers during the forecast period.

The expansion of the UV air purifiers market in emerging economies such as India and China due to rising income and changing consumer preference toward eCommerce are driving the business of UV air purifier manufacturers, which, in turn, is boosting the market.

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North America is expected to hold the second largest share of the global UV air purifiers market and is likely to maintain its share during the forecast period. In the region, the U.S. held a major share of the UV air purifiers market in 2020. Despite holding major market share, the country is expected to witness slower growth rate as compared to Canada during the forecast period.

UV Air Purifiers Market: Key Players

Key players operating in the global UV air purifiers market are Alcochem Hygiene, Eureka Forbes, Resideo Technologies Inc., LG Electronics, Vystar Corporation, Guardian Technologies, ACCO Brands Corporation, Airthereal, Air Oasis LLC, HoMedics, etc.

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