Residential Air Purifiers Market to Reach USD 6.39 Bn by 2029, emerging at a CAGR of 6.3 percent and forecast 2023-2029

Residential Air Purifiers Market Report Scope:

This study offers comprehensive insights into the industry to guide strategic business growth. The strategic analysis encompasses insights from marketing channels, industry positioning, and potential power growth strategies, delivering in-depth analysis for both new entrants and existing key players in the residential air purifiers market. The research aims to provide users with a detailed analysis of the Residential Air Purifiers Market, examining recent, ongoing, and anticipated market changes.

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Residential Air Purifiers Market Research Methodology:

The research also offers a simplified analysis of intricate data, with a focus on various forces actively and meticulously researching the market, including new entrants, industry leaders, and followers. This study presents the results of both PORTER and PESTEL analyses, as well as potential microeconomic market influences. Decision-makers will gain a clear, future-oriented perspective on the market after accounting for internal and external variables that may positively or negatively affect their firms.

What are Residential Air Purifiers Market Dynamics:

In regions where ozone or air particle pollution levels render the air unhealthy, such as some parts of the United States, many people continue to face health issues. Allergies triggered by dust, pollen, and pet dander often require regular cleaning of surfaces and bedding. A quality residential air purifier proves invaluable in mitigating the spread of bacteria and viruses. Several residential air purifiers have been proven to be 99% effective in eliminating germs, viruses, and bacteria throughout the home. The prevention of healthcare-associated infections has become a top strategic priority for the Center for Disease Control and Prevention. In the United States, it is estimated that approximately 90,000 deaths occur annually, underscoring the urgent need to implement designs, maintenance, and operations that ensure indoor air quality in healthcare facilities. The increased demand for the installation of residential air purifiers is, in part, due to the COVID-19 pandemic.

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What is Residential Air Purifiers Market Segmentation:

by Technology Insights

1.High Efficiency Particulate Air (HEPA)
2. Activated Carbon
3. Ionic Filters
4. Others

by Application Insights

1. Residental
2.Industrial
3. Commercial
3.1 Retail Shops
3.2 Offices
3.3 Healthcare Facilities
3.4 Hospitality
3.5 School
3.6 Educational Institutions
3.7 Laboratories
3.8 Transport
3.9Others

by Type

1. Stand-alone
2.Duct

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Who are Residential Air Purifiers Market Key Players:

1. Daikin Industries Ltd..(Japan)
2. Sharp Corporation(Japan)
3. Panasonic Corporation(Japan)
4. Honeywell International Inc.(US)
5. Whirlpool Corporation(US)
6. Dyson(US)
7. Alen Corporation(US)
8. Airgle Corporation(US)
9. Hunter Pure Air(US)
10.Samsung Electronics Co. Ltd.(South Korea)
11.WINIX Co. Ltd.(South Korea)
12.LG Electronics Inc.(South Korea)
13.Koninklijke Philips N.V.(Netherlands)
14.Unilever Group(UK)
15.AllerAir Industries Inc.(Canada)
16.IQAir(Switzerland)
17.Xiaomi Corporation(China)
18.Camfil AB(Sweden)
19.Kent RO Systems Ltd.(India)
20.HSIL Limited(India)

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Table of content for the Residential Air Purifiers Market includes:

Residential Air Purifiers Market: Research Methodology
Residential Air Purifiers Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

3. Residential Air Purifiers Market: Competitive Analysis

MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

4.Company Profile: Key players

Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Residential Air Purifiers Market Regional Insights:

The Asia-Pacific region, accounting for approximately 41.1% of worldwide sales in 2022, reflects a strong presence and robust growth. The surge in population, higher disposable incomes, and increasing urbanization and industrialization are some factors contributing to this growth. Rising incidents of smog and air pollution in nations like China and India are driving the adoption of air purifiers, promoting regional market expansion. In South Korea, the environment and air quality have suffered due to urbanization, governmental decisions, and industrialization. Growing public awareness regarding illnesses and health risks associated with exposure to harmful particles is expected to favorably impact the market's expansion.

North America: The North American market is projected to grow at a CAGR of 7.2%. Manufacturers of air purifiers stand to gain new business prospects due to air quality regulations, including the U.S. EPA's national ambient air quality standards and the U.S. Clean Air Act. This region is expected to see increased demand for air purifiers, driven by the establishment of comprehensive ambient air quality monitoring systems, the implementation of regulatory actions, and the organization of air quality management programs to enhance public awareness.

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Key Offerings:

Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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