Market Research Future (MRFR), in its latest report on the Global Air Purifier Market 2020 reveals different concerning factors of the market. As per MRFR analysis, the air purifier market is expected to rise at 11.41% CAGR across the review period. The air purifier market can garner high valuation in the study period. A detailed study on the impact of COVID 19 outbreak on air purifier is described in the report. The expansion of the air purifier global market is expected in the years to come due to the increase in the adoption of air purifier solutions by top notch automobile industry across the globe. In addition, the growing demand for air purifier and the presence of leading air purifier producers can support the rise of the air purifier market in the years to come. Notable companies offer low cost and technologically advanced air purifiers, which can support the expansion of the worldwide market of the air purifier.
Honeywell International Inc (US), Dyson (Singapore), Panasonic Corporation (Japan), Sharp Corporation (Japan), Midea Group (China), Unilever (UK), Xiaomi Inc (China), COWAY CO., LTD (South Korea), Daikin Industries, Ltd (Japan), Rabbit Air (US), YADU Int’l Technology (Beijing) Co., Ltd (China), Koninklijke Philips N.V. (the Netherlands), LakeAir (US), Blueair (Sweden), Samsung (South Korea), Austin Air (US), BONECO AG (Switzerland), IQAir (Switzerland), Whirlpool Corporation (US), Broad Group (China), AB Electrolux (Sweden), Airdogusa (US), Airgle Corporation (US), and Levoit (US).
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In 2018, North America held the second largest market share in the global air purifier market. There are a number of factors that drive the market for air purifiers in the region, the major one being the awareness regarding asthma, allergy, or pet dander. According to a report by the U.S. Environmental Protection Agency (EPA), the US residents spend 90% of their time indoors, where the concentration of some pollutants are often 2 to 5 times higher than the outdoor concentration. Thus, it is expected to increase the demand for air purifiers in this region.
The segment evaluation of the global air purifier market is done by sales channel and product type.
The product type based segments of the global air purifier market are UV air purifiers, HEPA Purifiers, ion & ozone generator air purifiers, activated carbon air purifiers, and others. The HEPA purifiers segment can contribute significantly to the rise of the air purifier largest market in the years to come. The increased adoption of HEPA purifiers can serve the market to rise in the years to come. The significant increase in the demand for air purifiers and the rise in awareness regarding airborne diseases across commercial and residential sectors can promote the expansion of the market across the analysis period.
The sales channel based segments of the global air purifier market are offline and online. The rise in the concern of product quality and the introduction of air purifiers with latest technological features can drive the rise of the offline segment in the air purifier global market. The high demand and sales of offline segment can promote the air purifier market in the forecast period.
The air purifier market trends are studied across North America, EU, APAC, and the rest of the world.
In Asia Pacific, the air purifier market is likely to witness an excellent growth in the years to come. The increase in air pollution and rise in common phenomena, such as vehicle emission, biomass burning, and industrial emissions create the emergency to clean air, which, in turn, can promote the expansion of APAC air purifier market across the analysis period. The rise in cases of asthma and allergies due to dust, airborne viruses, and other conditions can impel the purchase of air purifiers for indoor applications. Hence, increase in the need to control poor air quality indoors can promote the market In North America, the rise in low immunity populace can prompt the expansion of the regional air purifier market in years ahead. The increase in air purifier adoption to protect themselves from irritation can result in the expansion of the market.
Key Questions Addressed by the Report
- What was the historic market size (2018)?
- Which segmentation (Type/Sales Channel is driving market?
- What will be the growth rate by 2025?
- How are the key players in this market?
- What are the strategies adopted by key players?
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Table of Content
1 Air Purifier Market Overview
1.1 Product Overview
1.2 Scope of the Study
1.3 List of Assumptions
1.4 Market Structure
2 Global Air Purifier Market Competition by Manufacturers
2.1 Competitive Overview
2.2 Competitive Benchmarking
2.3 Key Growth Strategies
3 Company Profile$
List of Tables
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 New Product Development: – Key Development Analysis, 2015 to 2019
Table 4 Merger & Acquisition & Partnership: – Key Development Analysis, 2015 to 2019
Table 5 Expansion: – Key Development Analysis, 2015 to 2019
Table 6 Dyson: Products/services Offered
Table 7 Dyson: Key Developments
Table 8 Sharp Corporation: Products/services Offered
Table 9 Sharp Corporation: Key Developments
Table 10 Panasonic Corporation: Products/services Offered
List of Figures
Figure 1 Global Air Purifier Market: Market Structure
Figure 2 Benchmarking of Major Competitors
Figure 3 Major Manufacturer Revenue Market Share Analysis, 2018 (Value)
Figure 4 Major Online Players Revenue Market Share Analysis, 2018 (Value)
Figure 5 Dyson: Financial Snapshot, 2016–2018 (Usd Million)
Figure 6 Dyson: Swot Analysis
Figure 7 Sharp Corporation: Financial Snapshot, 2016–2018 (Usd Million)
Figure 8 Sharp Corporation: Swot Analysis
Figure 9 Panasonic Corporation: Financial Snapshot, Fy2016– Fy2018 (Usd Million)
Figure 10 Panasonic Corporation: Swot Analysis
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