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Residential Air Purifiers Market Size, Forecast 2022-20227 | Industry Growth, Share, Trends and Report
What are the growth prospects of the residential air purifiers market industry?
The global residential air purifiers market size reached US$ 3.91 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.36 Billion by 2027, exhibiting a growth rate (CAGR) of 5.20% during 2022-2027.
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What is a Residential Air Purifiers Market?
Residential air purifiers represent indispensable stand-alone or portable appliances that mitigate several contaminating particles, including dust, pollen, allergens, and smoke, to enhance the air quality in an indoor environment. In terms of filtration technology, they can be categorized into UV irradiation, photocatalytic oxidation, activated carbon, ionic filters, etc.
Residential air purifiers involve single or multiple fans and filters that capture and neutralize harmful pollutants from the air in a living space and remove unpleasant odors. They prove effective in reducing the risk of chronic obstructive pulmonary disease (COPD), asthma, lung cancer, etc. Consequently, residential air purifiers are in high demand among consumers across countries.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the major market drivers in the residential air purifiers market?
The growing prevalence of numerous airborne and respiratory ailments owing to the considerable rise in indoor air pollution levels, especially in urban areas, is primarily driving the residential air purifiers market.
Additionally, the increasing construction activities and the development of smart homes across the globe are also positively influencing the market growth. Moreover, the launch of high-efficiency particulate air (HEPA)-based air cleaners designed to trap and filter airborne contaminants of various particle sizes is acting as another significant growth-inducing factor.
Furthermore, inflating investments by leading market players in promotional and marketing activities are expected to propel the residential air purifiers market over the forecasted period.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
• Stand-alone/Portable
• In-Duct
Breakup by Filtration Technology:
• High-efficiency Particulate Absorbing (HEPA)
• Activated Carbon
• Ionic Filters
• Others
Breakup by Distribution Channel:
• Online
• Offline
By Geography:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
List of Major Key Players:
The major players in the market are
• AllerAir Industries Inc.
• Daikin Industries Ltd.
• Dyson Ltd.
• Honeywell International Inc.
• IQAir
• Koninklijke Philips N.V.
• LG Electronics Inc.
• Panasonic Holdings Corporation
• Samsung Electronics Co. Ltd.
• Sharp Corporation
• Unilever plc
• Whirlpool Corporation
• Xiaomi Inc.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
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