According to a new market research report published by Global Insight Services” Residential Air Purifiers Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Residential air purifiers are devices that are designed to remove contaminants from the air in your home. These devices can range in size and features, but they all work to remove pollutants from the air, including dust, pollen, smoke, and pet dander. Some air purifiers also feature activated carbon filters that can remove odors and VOCs (volatile organic compounds) from the air.
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Key Players
The prominent players in the residential air purifiers market include Daikin Industries, Ltd., Sharp Corporation, Honeywell International Inc, Samsung Electronics Co. Ltd, LG Electronics Inc, Koninklijke Philips N.V, Dyson, Unilever Group, Panasonic Corporation, Whirlpool Corporation, AllerAir Industries Inc, IQAir, Winix Co Ltd, Xiaomi Corporation, Camfil AB, Airpura Industries Inc, Airgle Corporation, Hunter Pure Air, Kent RO Systems Ltd, SHIL Limited, IDEAL Krug & Priester GMBH & Co. KG, Havells India Ltd., Molekule, Carrier Global, and Coway CO., Ltd.
The key trends in Residential Air Purifiers market are:
- Increased Efficiency: Air purifiers are becoming more efficient at cleaning the air in your home. Newer models are able to remove more airborne particles, including dust, pollen, and pet dander.
- Improved Filtration: Air purifiers are also becoming more effective at filtering out pollutants such as smoke, chemicals, and VOCs (volatile organic compounds).
- Greater Convenience: Air purifiers are becoming more user-friendly, with features such as automatic operation and remote control.
Key Drivers
There are four key drivers of the residential air purifiers market:
- Rising awareness about the health hazards of air pollution: Air pollution is a growing health concern globally, and rising awareness about its harmful effects is driving the demand for air purifiers. According to the World Health Organization (WHO), air pollution is the worlds largest single environmental health risk, and it is estimated to cause 7 million premature deaths each year.
- Stringent government regulations: Air pollution is regulated by various government bodies globally, and the stringency of these regulations is increasing. This is driving the demand for air purifiers, as they help to meet the regulatory standards.
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Market Segments
The Air Purifying Market is segmented by type, technology, region. By Type, the market is divided into portable/stand alone purifiers and in-duct purifiers. Based on technology, the market is dividend into HEPA (high-efficiency particulate air) and other technologies which comprises of electrostatic precipitators, activated carbon, UV filters and ionic filters. Region wise, the market is segmented into Europe, North America, Asia-Pacific, and rest of the World.
Reasons to buy Residential Air Purifiers Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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