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.
Focal points covered in this Air Purifiers Market 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:
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Following are the reasons to consider this Air Purifiers Market report:
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About the AuthorAndre
Joined: August 28th, 2019
Articles Posted: 300
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