Air Purifiers Market is Expected to Register a Healthy CAGR in the Forecast

Posted by Andre on February 4th, 2020

Air Purifiers Market

Data Bridge Market Research has provides the Qualitative and informative knowledge by adding titled “Air Purifiers Market by By Filter (Ion & Ozone; Electrostatic Precipitators; HEPA; Activated Carbon; UV Light; Others), Impurity (Fume Filtration; Exhaust Filtration; Smoke Collectors; Oil & Mist Collectors; Others), End-User (Industrial; Residential; Commercial), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) Analysis and Forecast, 2019 – 2026”. In this report, Researchers have analyzed Strength, Weakness, opportunities and threats in the market and provides the unbiased picture of the market with the Qualitative and informative knowledge. The Air Purifiers Market report additionally states import/trade utilization, free market activity figures, cost, value, volume and gross edges.

Global Air Purifiers Market is expected to grow with a CAGR of 7.88% in the forecast period of 2019-2026, resulting in a projected rise of value to USD 37.38 billion by 2026, rising from its initial estimated value of USD 20.37 billion in 2018.

Global Air Purifiers Market

Air purifiers are consumer goods that are used for the purification of environment and the surrounding atmosphere of the device. These devices have several pre-installed filters in their structures that block and clear out the impurities, allergens, and pollutants. Also, an exhaust fan is equipped inside the structure so that the filtered and clean air can be emitted from the device.

FACTORS DRIVING GROWTH IN AIR PURIFIERS MARKET

Increasing levels of urbanization

According to United Nations, around 55% of the global population currently resides in urban areas as of 2018. Projections to this data suggest that by the year of 2050, this percentage of population could rise to 68%.

According to statista in 2018, Northern America had the highest share of the population living in urban areas, with around 82%, followed by the Latin America & the Carribean at 78%, Europe at 74%, Oceania at 67%, Asia at 49% and Africa at 43%.

This high share and projected rise of the share of the population living in the urban areas is expected to be one of the major factors for the growth of the market, as high levels of urbanization induces rise in the construction and various other end-use industries which employ the use of air purifiers.

Key Market Competitors: Global Air Purifiers Market 

Few of the major competitors currently working in the air purifiers market are Godrej.com; Electrolux; Haier lnc.; Koninklijke Philips N.V.; Hitachi Appliances, Inc.; SAMSUNG; Whirlpool Corporation; LG Electronics; BSH Home Appliances Group; Honeywell International Inc.; SHARP CORPORATION; KENT RO Systems Ltd.; Panasonic Corporation; Dyson; Levoit; Xiaomi; 3M; Guardian Technologies and Molekule.

Market Drivers:

• Growing levels of industrialization and urbanization leading to increasing construction activities and emission of pollution; this factor has resulted in increased demand for the product
• Innovative product launches and advancements in the market leading to enhanced product offerings

Market Restraints:

• Emission of harmful chemicals and by-products from the air filters is expected to act as a restraint to the market growth

Focal points covered in this Air Purifiers Market report

• This Air Purifiers Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns. Also it creates a relationship of the market outlook with Porter Five Force Analysis
• This research report is inclusive concept of the market progression. The market progression considers the components of the present situation and compares the current scenario of the market with future developmental chances.
• The Air Purifiers Market research report includes investigation at global and regional levels. These comprehensive and local level investigations are inclusive of the request as well as the supply powers which in turn willingly or unwillingly affects the market development
• Various Topics such as product offering, finance related data, recent developments, analysis of Strengths, weakness, Opportunities and Threats in the upcoming scenario are highlighted in this research report.

Competitive Analysis: Global Air Purifiers Market 

Global air purifiers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of air purifiers market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Recent Developments in the Market:

• In September 2018, Xiaomi announced the launch of their “Mi Air Purifier 2S”. This air purifier equipped with the latest technologies, priced comparatively low to the various purifiers available in the market.
• In April 2018, Koninklijke Philips N.V. announced the launch of their new 2-in-1 air purifier and humidifier featuring “AeraSense” their sensing technology. The innovations and advancements in the product will help in preventing allergies and pollution.

Why to purchase this report?

Following are the reasons to consider this Air Purifiers Market report:

• This ultimate guide will help you stay ahead in market as it furnishes you with the profiles of the key market players and their working methodologies and their decision making capabilities.
• The report analyzes various factors which act as drivers and restraints to development the overall Air Purifiers Market.
• This report not only analyzes present market condition but it likewise estimates how the Air Purifiers Market is going to perform for estimated time period of 2019-2026.
• It enables you to adopt smart methodologies and form better decisions by giving a clear idea about customer’s requirement and preferences regarding the product in particular region.

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