GCC Air Purifiers Market to Cover US$ 85.2 Mn by 2020 : FMI Research
In a survey conducted by FMI with air purifier manufacturers and distributors/retailers around the world, nearly 80% of respondents indicated that the HEPA technology will expand at an annual growth rate of 5%-10% between 2015 and 2020. The respondents also believed that brand value and purification capacity were the most important features that buyers looked for while purchasing an air purifier.
A majority of respondents in FMI’s survey on air purifiers market in GCC were of the view that single-point retail outlet accounted for 0%-20% of the total air purifier sales in GCC. Air purifier sales through shopping malls were estimated to be between 41% and 60% by the respondents.
View and Download TOC of GCC Air Purifiers Market Research Report@ https://www.futuremarketinsights.com/reports/gcc-air-purifiers-market%20/toc
According to the respondents, increasing pollution and health-related problems were the key factors fuelling the demand for air purifiers in GCC. A majority of the respondents were of the view that growing per capita income will have a moderate impact on the sales of air purifiers in GCC.
The key players in the GCC air purifiers market include Sharp Corporation, LG Electronics, Samsung Electronics, Hitachi Ltd., and Panasonic Corporation.
Sharp Corporation is marketing its air purifiers to consumers in UAE, Kuwait, and Qatar markets. Sharp is using its patented PlasmaCluster Ion Technology and incorporating it in different home appliances, including air purifiers.
LG Electronics, in collaboration with Saudi Arabia-based Al-Hassan Ghazi Ibrahim Shaker Co. recently launched a new range of air purifiers with five-stage filtration system. LG air purifiers in UAE are sold through AL Yosuf Electronics. The company has also made its products available on shopping websites, such as Carrefour UAE and SharafDG UAE.
Samsung Electronics operates in GCC through its home appliances sales group, “Samsung Gulf Electronics”. The business strategy of Samsung is aimed at collaboration and partnering with prominent local players to capture a larger share of the market.
Demand for air purifiers is robust in Saudi Arabia and UAE. According to FMI’s analysis, these two countries collectively hold a share of over 60% of the GCC air purifiers market in 2014. FMI projects these two countries to account for bulk of the demand for air purifiers during the forecast period.
Request and Download Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gc-614
Saudi Arabia & UAE Account for Bulk of the Demand
The Saudi Arabia air purifiers market, valued at US$ 14.85 Mn in 2014, is anticipated to be worth US$ 41.33 Mn by 2020. The key factors fuelling the demand for air purifiers in Saudi Arabia include focus on medical tourism and increased investment in infrastructure activities.
The UAE air purifiers market is expected to be worth US$ 26.10 Mn by 2020. Like Saudi Arabia, UAE is projected to develop its medical infrastructure in a bid to develop non-oil based sectors. Owing to the focus on medical tourism, construction of a number of hospitals is in the pipeline. FMI opines these factors to provide an impetus to the air purifiers market in UAE.
The air purifiers market in rest of GCC (Oman, Kuwait, Bahrain, and Qatar) is projected to reach a valuation of US$ 17.79 Mn. According to FMI, the air purifiers market in these countries is still at a nascent stage, and it will take a while before they are adopted on a large scale.
Buy Full GCC Air Purifiers Market Report@ https://www.futuremarketinsights.com/checkout/614
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release GCC Air Purifiers Market to Cover US$ 85.2 Mn by 2020 : FMI Research here
News-ID: 719190 • Views: 158
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for GCC
GCC Digital Signage Market-(2017-2023)
Market Forecast By Components (Display Screens, Content Players and Software), By Display Screen Types (Single Screen, Video Wall or Multi Screen and Digital Signage Kiosk), By Display Screen Technologies (LED, OLED and QLED), By Display Screen Size (Below 40", 40"-55" and Above 55"), By End User Applications (Government & Transportation, Retail, Healthcare & Hospitality, Education, Entertainment, Banks & Financial Institutions and Commercial Offices & Buildings), By Countries (Saudi Arabia, Bahrain
GCC Medium Voltage Switchgear Market (2017-2023)
Increasing infrastructure development activities, rising commercial sector and large scale investments in the power transmission & distribution network are the major factors that would drive the market of medium voltage switchgear market in GCC region. According to 6Wresearch, GCC Medium Voltage Switchgear Market is projected to reach $1.4 Billion by 2023. Medium voltage switchgear market in GCC has witnessed robust growth over the past five years due to growing electricity
MEED Insights: GCC Projects Outlook Report 2018
The market has been in freefall for more than two years. It’s never been more important for companies to have concise, accurate and comprehensive market intelligence than today. GCC Projects Outlook 2018 evaluates this new market and highlights the markets, sectors and projects presenting the best growth opportunity. It provides critical data to help you make key business decisions and inform your strategy. Using data from more than 15,000 live projects, this
Changing Dynamics of GCC Fertilizer Industry
Market Insights The changing dynamics of the GCC Fertilizers Market include rising population, falling commodity prices globally, and intense competition from abroad. In 2016, GCC fertilizer sales declined by 21%, to USD 5.2 billion. The same scenario was noted in 2015, wherein, the sales revenue dropped by 10%. The report provides a detailed analysis of the GCC fertilizer market, which is broadly segmented based on type and geography. Based on the type,
GCC Renewable Energy Sector Opportunity Analysis
The world’s largest producer of oil and gas is finding it increasingly difficult to suffice its own needs. An unprecedented increase in population and growth in industrial and economic activity has triggered newfound interest in renewable energy development for six major Middle Eastern economies. Saudi Arabia, UAE, Kuwait, Qatar, Bahrain and Oman, together knows as the Gulf Cooperation Council, have turned their focus towards the exploitation of renewable sources of
Emerging Renewable Energy Implementation in GCC
GCC region is shifting focus from its most prized asset, hydrocarbons. Oil and gas, though, still dominates the trade in and out of the GCC Region but it is looking to develop its renewable sources of energy as well. All the GCC countries have started to take the renewable energy way, contrary to their most important possession, non renewable (Hydrocarbons). The growing economy with growing population has affected a growth