Press release
Air Purifier Market to reach USD 23.42 Bn by 2029, emerging at a CAGR of 8.45 percent and forecast 2023-2029
Air Purifier Market
Maximize Market Research Pvt Ltd, a leading market research company, has released an in-depth report on the Global Air Purifier Market. The market size was valued at USD 14.02 Billion in 2023 and is anticipated to reach USD 23.42 Billion by 2030, with a remarkable Compound Annual Growth Rate (CAGR) of 8.45%.
The report provides a detailed overview of the Air Purifier Market, exploring its dynamics, drivers, restraints, and regional insights. With a focus on key players such as Dyson, Honeywell, and Blueair, the report delves into market trends, innovations, and advancements in air purification technologies. The scope also includes a thorough analysis of market segments, applications, and technologies.
Maximize Market Research Pvt Ltd employs a robust research methodology, ensuring accurate and reliable data. The report combines primary research, secondary research, and expert opinions to provide a comprehensive understanding of the Air Purifier Market. A free sample report is available for those interested in the detailed research methodology.
Request a Free Sample Copy or View Report Summary:https://www.maximizemarketresearch.com/request-sample/102643
Air Purifier Market Dynamics:
The report identifies rising health awareness among consumers as a key driver for market growth. With a growing emphasis on preventive healthcare, consumers are actively seeking advanced air purifiers with HEPA filters and smart technologies. The COVID-19 pandemic has further accelerated the demand for air purifiers, positioning them as essential components for a health-conscious lifestyle.
The high-cost implications associated with air purifiers pose a challenge for widespread adoption. While there is a surge in demand for clean air, the market remains price-sensitive. Affordability remains a key concern, hindering mass integration into households and commercial spaces. The report emphasizes the need for the industry to address environmental concerns, focusing on sustainability and eco-friendly solutions.
Air Purifier Market Regional Insights:
In 2023, the Asia Pacific region emerged as the predominant player in the Air Purifier Market, holding the largest market share. This regional dominance was fueled by several factors, including a growing population with rising disposable income and the rapid progression of urbanization and industrialization. Notably, the Clean Air Coalition highlighted that over 35% of global premature deaths resulting from air pollution occurred in East Asia, followed by South Asia. The high prevalence of airborne particulates in these regions is often attributed to less stringent regulations governing industrial emissions, domestic heating practices, and oil-based road transportation.
Countries like China and India, grappling with escalating smog and air pollution levels, are expected to witness a notable increase in the adoption of air purifiers, contributing to the regional market's growth. In South Korea, despite challenges posed by political decisions and rapid urbanization negatively impacting ecological balance and air quality, there is a growing public awareness of health issues associated with exposure to harmful particles in both occupational and residential settings, which is expected to boost the air purifier market.
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Air Purifier Market Segmentation:
In 2023, the commercial sector emerged as the dominant player in the Air Purifier Market, capturing an impressive 57.0% of the global revenue. Air purifiers were extensively deployed across a diverse range of commercial environments, including schools, malls, conference centers, workplaces, hospitals, hotels, theaters, recreation centers, and amusement areas. Notably, restaurants and hotels took proactive measures by adopting air purifiers equipped with activated carbon and HEPA filters. These advanced systems proved highly effective in eliminating airborne particles, odors, and smoke, thereby contributing to an overall improvement in air quality. Healthcare facilities, including dental and medical offices, veterinary clinics, hospitals, and boarding kennels, also relied on air purifiers to ensure optimal indoor air quality by removing odors, airborne pathogens, and allergens.
by Technology
High-Efficiency Particulate Air (HEPA)
Activated Carbon
Ionic Filters
Other
by Mounting Type
Fixed
Portable
by Application
Residential
Industrial
Commercial
by Distribution Channel
Online Retails
Offline Retails
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Air Purifier Market Key Players:
North America
1. Honeywell International Inc. - USA
2. Whirlpool Corporation - USA
3. Alen Corporation - Texas, USA
4. AllerAir Industries Inc. - Canada
Europe
5. Koninklijke Philips N.V. - Netherlands
6. Dyson Limited - United Kingdom
7. Unilever plc - Netherlands
8. The Camfil Group - Sweden
9. IQAir - Switzerland
Asia Pacific
10. WINIX Co. Ltd. - South Korea
11. Sharp Corporation - Japan
12. Daikin Industries Ltd. - Japan
13. Samsung Electronics Co. Ltd. - South Korea
14. LG Electronics Inc. - South Korea
15. Xiaomi Corporation - China
16. HSIL Limited - India
17. Panasonic Corporation - Japan
18. Kent RO Systems - India
Get to Know More About This Market Study:https://www.maximizemarketresearch.com/market-report/global-air-purifier-market/102643/
Table of content for the Air Purifier Market includes:
1. Global Air Purifier Market: Research Methodology
2. Global Air Purifier 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.Global Air Purifier Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A 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
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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Contact Maximize Market Research:
MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 444 West Lake Street, Floor 17,
Chicago, IL, 60606, USA.
✆ +1 800 507 4489
✆ +91 9607365656
🖂 mailto:sales@maximizemarketresearch.com
🌐 https://www.maximizemarketresearch.com
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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