UV Air Purifiers Market Projected to Exhibit Growth at 9.5% CAGR by 2031- TMR Study

The global UV air purifiers market, valued at US$ 1.2 billion in 2022, is projected to witness substantial growth, reaching US$ 2.5 billion by the end of 2031. Analysts attribute this growth to factors such as rapid urbanization, population increase, and rising disposable income, which have fueled demand for convenient and smart appliances. However, challenges such as high product costs and the generation of harmful byproducts may hamper market expansion.

Introduction to UV Air Purifiers

UV air purifiers, also known as UV air cleaners, play a vital role in improving indoor air quality by utilizing ultraviolet (UV) light to deactivate or kill airborne microorganisms such as bacteria, viruses, and mold. The latest innovations in UV-C air purification technology have led to increased demand for portable products, fostering market growth.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 (𝐔𝐬𝐞 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐌𝐚𝐢𝐥 𝐈𝐝 𝐟𝐨𝐫 𝐐𝐮𝐢𝐜𝐤 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐞) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=79194&utm_source=OpenPR_Ganesh&utm_medium=OpenPR

Driving Factors for Market Growth

Rapid industrialization and urbanization have led to a decline in indoor air quality, particularly in major cities like Delhi and Beijing. This has driven the adoption of smart UV air purifiers to combat air pollution. Additionally, government initiatives aimed at reducing emissions and improving air quality are further propelling market growth.

R&D and Innovation

Manufacturers are investing heavily in the research and development of new UV air purifiers to expand their product portfolios and cater to growing consumer demand. Multi-functional products with smart technologies are being developed to meet the diverse needs of consumers, particularly in developing economies where air pollution is a significant concern.

Demand for Portable UV Air Purifiers

The portable mounting type segment is expected to dominate the market, driven by the flexibility and affordability of portable air purifiers. These purifiers can be easily moved and placed in different rooms or areas as needed, making them a popular choice among consumers.

Regional Outlook

Asia Pacific is projected to hold the largest share of the UV air purifiers market, followed by Europe and North America. Rapid urbanization, high levels of allergens, and growing concerns about air pollution are key drivers of market dynamics in the region.

Key Players and Market Competition

The UV air purifiers market is fragmented, with the presence of numerous local and global players. Competition is expected to intensify, with vendors investing in R&D and adopting partnership, collaboration, and M&A strategies to increase market share.

Key Developments

Leading players such as Resideo Technologies Inc., LG Corporation, and Airthereal are expanding their product portfolios and entering into partnerships to capitalize on market opportunities. For example, Resideo Technologies Inc. added new air quality products to its portfolio, while Airthereal partnered with ProjectN95 and Sundial Home to expand its product offerings.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 | 𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭 - https://www.transparencymarketresearch.com/checkout.php?rep_id=79194<ype=S&utm_source=OpenPR_Ganesh&utm_medium=OpenPR

About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com

This release was published on openPR.