The global Air Purifier Market is projected to reach USD 18.15 billion by 2027, according to a recent report by Emergen Research. The use of air purifiers is expanding globally, particularly in areas with exceptionally high pollution levels. The main market drivers include things like the growth of industrial activity, urbanisation, pollution due to high factory emissions, and social unit activities. In fact, the three largest markets with the highest demand for air filters are APAC, Europe, and North America.
Regarding availability, the air equipment industry has been seriously handicapped since the detention started on a global scale. Because of the disruption on numerous fronts, including logistics, on-line channels, and value chain, retail and online sales came to a complete halt. Residential sales have stopped as a result of being employed only for the delivery of necessities, therefore air equipment development companies are now depending on business end users to drive demand.
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Competitive Outlook:
The global Air Purifier market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Air Purifier market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Some major companies in the global market report include Unilever PLC, LG Electronics, Inc., IQAir North America, Panasonic Corporation, Aerus LLC, Whirlpool Corporation, Hamilton Beach Brands, Inc., Daikin Industries, Ltd., Honeywell International, Inc. and Koninklijke Philips N.V.
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Key Highlights from the Report
Once lockdown restrictions due to covid-19 are eased, international air apparatus corporations is likely to consume existing inventory to address the hampered production and international trade, inspite of providing chain disruptions. Recovery within the residential sector is anticipated to be slow because of discretionary shopper payment and low pollution levels.
Over the years and still now, air purifiers are thought of a luxury or manner artifact instead of a necessity by the plenty. a brief shift targeted towards business and institutional end-users, significantly hospitals, offices, and government buildings, is anticipated to assist recover the air apparatus business.
HEPA emerged because the largest technology section in 2019 with a market share of 45.1%, due to improved potency of the technology once it involves dust mites, pollens, trappings dirt and different indoor allergens
Emergen Research has segmented into the global Air Purifier Market on the basis of technology, applications and region:
Technology Outlook (Revenue, USD Billion; 2017-2027)
High Efficiency Particulate Matter (HEPA)
Activated Carbon
Ionic Filters
Others
Applications Outlook (Revenue, USD Billion; 2017-2027)
Commercial
Residential
Industrial
Others
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Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Outlook of Air Purifier Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Key Questions Addressed in the Report:
Who are the leading players in the Air Purifier industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of Air Purifier?
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by leading players in the market?
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