Residential Air Purifiers: Rising Disposable Incomes and Technological Advancements

Residential air purifiers are devices that are designed to remove contaminants from the air in your home. These devices can range in size and features, but they all work to remove pollutants from the air, including dust, pollen, smoke, and pet dander. Some air purifiers also feature activated carbon filters that can remove odors and VOCs (volatile organic compounds) from the air.

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Key Trends

The key trends in the Residential Air Purifiers market are:

Increased Efficiency: Air purifiers are becoming more efficient at cleaning the air in your home. Newer models are able to remove more airborne particles, including dust, pollen, and pet dander.
Improved Filtration: Air purifiers are also becoming more effective at filtering out pollutants such as smoke, chemicals, and VOCs (volatile organic compounds).

Greater Convenience: Air purifiers are becoming more user-friendly, with features such as automatic operation and remote control.

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Key Drivers

There are four key drivers of the residential air purifiers market:

Rising awareness about the health hazards of air pollution: Air pollution is a growing health concern globally, and rising awareness about its harmful effects is driving the demand for air purifiers. According to the World Health Organization (WHO), air pollution is the worlds largest single environmental health risk, and it is estimated to cause 7 million premature deaths each year.
Stringent government regulations: Air pollution is regulated by various government bodies globally, and the stringency of these regulations is increasing. This is driving the demand for air purifiers, as they help to meet the regulatory standards.

Increasing disposable incomes: Rising disposable incomes, especially in developing countries, are enabling consumers to purchase air purifiers.
Technological advancements: Air purifier manufacturers are constantly innovating and introducing new technologies to improve the efficiency of their products. This is making air purifiers more affordable and accessible to consumers and is driving the market growth.

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Key Players

The prominent players in the residential air purifiers market include Daikin Industries, Ltd., Sharp Corporation, Honeywell International Inc, Samsung Electronics Co. Ltd, LG Electronics Inc, Koninklijke Philips N.V, Dyson, Unilever Group, Panasonic Corporation, Whirlpool Corporation, AllerAir Industries Inc, IQAir, Winix Co Ltd, Xiaomi Corporation, Camfil AB, Airpura Industries Inc, Airgle Corporation, Hunter Pure Air, Kent RO Systems Ltd, SHIL Limited, IDEAL Krug & Priester GMBH & Co. KG, Havells India Ltd., Molekule, Carrier Global, and Coway CO., Ltd.

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