Residential Air Purifiers Market Worth .1 Bn by 2026 - Exclusive Report by MarketsandMarkets™

Posted by Johnny on August 12th, 2022

Global Residential Air Purifiers Market is expected to reach USD 14.1 billion in 2026 from USD 9.6 billion in 2021, at a CAGR of 8.1% during the forecast period. Growing demand for a healthy lifestyle, especially among the urban youth, is expected to be a significant contributor to the growth of this market in the coming years.

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The growth of this market is majorly due to the growing popularity of smart homes, supportive government regulations for effective air pollution monitoring and control, increasing public-private funding for effective air pollution monitoring, rising levels of air pollution worldwide, and increasing public awareness related to the healthcare and environmental implications of air pollution.

The HEPA segment is expected to grow at the highest CAGR during the forecast period

Based on technology, the residential air purifiers market is segmented into HEPA filters (high-efficiency particulate arrestence or high-efficiency particulate air) and other technologies. The other technologies segment comprises electrostatic precipitators, activated carbon, UV filters, and ionic filters. The HEPA segment is expected to grow at the highest CAGR in forecast periods (2021-2026).

The portable/stand-alone purifiers accounted for the largest share of the residential air purifiers market

Based on type, the residential air purifiers market is segmented into portable/stand-alone purifiers and in-duct purifiers. The portable/stand-alone purifiers segment accounted for the largest market share. The segment is also expected to witness the highest growth during the forecast period.

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Asia-Pacific region is expected to register the highest CAGR in the residential air purifiers market

The APAC market is expected to grow at the highest CAGR from 2021 to 2026. This can be attributed to factors such as the increasing investments by major players in the region, the presence of less stringent regulations for product approval, and growing demand for quality lifestyles are expected to drive the growth of this market during the forecast period.

The prominent players in the global residential air purifiers market are Daikin Industries, Ltd. (Japan), Sharp Corporation (Japan), Honeywell International Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Dyson (UK), Unilever Group (UK), Panasonic Corporation (Japan), Whirlpool Corporation (US), AllerAir Industries Inc. (US), IQAir (Switzerland), Winix Co., Ltd. (South Korea), Xiaomi Corporation (China), Camfil AB (Sweden), Airpura Industries Inc. (Canada), Airgle Corporation (US), Hunter Pure Air (US), Kent RO Systems Ltd. (India), SHIL Limited (India), IDEAL Krug & Priester GMBH & Co. KG (Germany), Havells India Ltd. (India), Molekule (US), Carrier Global (US), and Coway CO., Ltd. (South Korea).

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Johnny

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Johnny
Joined: July 19th, 2022
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