Global Air Purifier Market to Grow on the Back of Rising Number of Deaths Caused due to Air Pollution; Market to Grow with a CAGR of 13.5% During 2021-2030

 

Kenneth Research has released a report titled “Air Purifier Market: Global Demand Analysis & Opportunity Outlook 2030” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.

Every year 4.2 Million deaths around the globe is known to be caused due as a result of exposure to ambient (outdoor) air pollution, according to the statistics by the World Health Organization (WHO).

The statistics portray the growing number of deaths caused due to air pollution, which is driving the need for the utilization of air purifiers. Air purifiers are usually equipped with HEPA filters, and are known to filter different types of air pollutants, such as particle pollution (PM2.5 and PM10), ozone (O3), nitrogen dioxide (NO2), sulfur dioxide (SO2), and carbon monoxide (CO) among others. These air pollutants, which are released from different industries, causes several health challenges in human beings. Such factors are therefore anticipated to drive the growth of the global air purifier market in the coming years.

The global air purifier market is anticipated to grow with a CAGR of 13.5% over the forecast period, i.e., 2021 – 2030. The market is estimated to garner a revenue of USD 62,984.6 Million by the end of 2030, up from a revenue of USD 17,412.2 Million in the year 2020. The market is segmented by technology into HEPA, activated carbon, electrostatic precipitators, ionic, and others. By the end of 2030, the HEPA segment is expected to garner the largest revenue of USD 23645.9 Million. Moreover, in the year 2020, the segment registered a revenue of USD 6201.3 Million.

Based on geography, the global air purifier market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. By the end of 2030, the market in the Asia Pacific region is anticipated to garner the largest revenue of USD 24564.0 Million, up from a revenue of USD 5867.9 Million in the year 2020.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

However, the concern for emission of ozone from air purifiers, and the high price of the product are some of the major factors predicted to hinder the market growth.

This report also provides the existing competitive scenario of some of the key players of the global air purifier market, which includes company profiling of Honeywell International Inc., Koninklijke Philips N.V., Xiaomi Group, Dyson, SAMSUNG, DAIKIN INDUSTRIES, Ltd., Panasonic Corporation, Whirlpool Corporation, LG Electronics, SHARP CORPORATION, Blue Star Limited, Coway Co., Ltd., Blueair, AMAIRCAR CORPORATION, Vesync Co., Ltd., Camfil, and others.

The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Air Purifier Market: Global Demand Analysis & Opportunity Outlook 2030”, analyses the overall global air purifier industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global air purifier market in the near future.

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Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

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