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Residential Air Purifiers Market- Recent Developments and Attractive Business Opportunities| Daikin Industries, Ltd. (Japan), Sharp Corporation (Japan), Honeywell International Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (S

11-23-2022 05:12 PM CET | Health & Medicine

Press release from: MarketsandMakets

Residential Air Purifiers Market worth $14.1 billion by 2026

Residential Air Purifiers Market worth $14.1 billion by 2026

The global Residential Air Purifiers market is predicted to reach a value of US$ 14.1 Bn in 2026, with sales growing at a healthy CAGR of 8.1% from 2021 to 2026. The popularity of energy-efficient products is anticipated to augment the sales of the Residential Air Purifiers market during the forecast period.

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Browse in-depth TOC on "Residential Air Purifiers Market"
95 - Tables
42 - Figures
189 - Pages

Global Residential Air Purifiers Market Overview
The growth of this market is majorly due to the growing popularity of smart homes, supportive government regulations for effective air pollution monitoring and control, increasing public-private funding for effective air pollution monitoring, rising levels of air pollution worldwide, and increasing public awareness related to the healthcare and environmental implications of air pollution. However, the technical limitations pertaining to air quality monitoring products, along with their initial installation cost are expected to restrain the growth of this market during the forecast period.

Key Takeaways:
• The high-efficiency particulate air (HEPA) filtration technology dominated the market in 2021, owing to its effectiveness in removing particulate matter. Also, the technology is becoming more readily available for use in home central air systems.

• With increasing pollution and deteriorating Air Quality Index in many countries, like India, China, and others, governments and organizations, like WHO, are formulating policies and steps to create significant market opportunities.

• Asia-Pacific dominated the market in 2021, with the most demand from countries like China, India, Japan, and South Korea.

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This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.

Key Market Players
The prominent players in the residential air purifiers market include Daikin Industries, Ltd. (Japan), Sharp Corporation (Japan), Honeywell International Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Dyson (UK), Unilever Group (UK), Panasonic Corporation (Japan), Whirlpool Corporation (US), AllerAir Industries Inc. (US), IQAir (Switzerland), Winix Co., Ltd.

Recent Developments

• In 2021, Panasonic Corporation (Japan) has developed a new nanoe X device that generates 100 times more Hydroxyl (OH) radicals than the conventional nanoe device. As a result, the latest nanoe X device delivers increased effectiveness in air purification and deodorization in indoor spaces.

• In 2021, Panasonic Ecology Systems Co., Ltd. (PES) and Panasonic Ecology Systems Guangdong Co., Ltd. built the First Shunde Branch Plant in China, a new factory for IAQ devices such as energy recovery ventilator systems and air purifiers.

• In 2021, Dyson (UK) opened its fourth Dyson Demo store in France, located in the iconic shopping district of Terrasses du Port in Marseille. The new space will showcase Dyson's latest technology in home cleaning, air purification, lighting, and hair care.

The study categorizes the Residential Air Purifiers Market based on technology, type, and regional level.

Global Residential Air Purifiers Market, by Technology
• High Efficiency Particulate Air (HEPA)
• Other Technologies

Global Residential Air Purifiers Market, by Type
• Portable /Stand Alone Air Purifiers
• In-Duct Air Purifiers

Global Residential Air Purifiers Market, by Region
• North America
• Europe
• Rest of Europe
• Asia Pacific
• Rest of APAC
• Latin America
• Rest of Latin America
• Middle East & Africa

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors

• Provision of market value (USD Billion) data for each segment and sub-segment

• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled

• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players

• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis

• Provides insight into the market through Value Chain

• Market dynamics scenario, along with growth opportunities of the market in the years to come

• 6-month post-sales analyst support
Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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