Home Use Air Purifiers Market to Hit USD 19.01 Billion in 2030 at a growth rate of 8.5%- as per Stellar Market Research study

Home Use Air Purifiers Market to Hit USD 19.01 Billion in 2030 at a growth rate of 8.5%- as per Stellar Market Research study

“Home Use Air Purifiers Market”
The Home Use Air Purifiers Market size of Asia Pacific region is expected to dominate the market during the forecast period. Home Use Air Purifiers Market analysis was conducted by dividing it into Type and Technology. The bottom-up approach was used to estimate the Home Use Air Purifiers Market size

Pune, 21, May 2024: Stellar Market Research, a Consumer Goods & Services business research firm has published a report on the “Home Use Air Purifiers Market”. The total market size of the Home Use Air Purifiers Market was USD 10.74 Bn in 2023 and is expected to grow at 8.5 percent CAGR through the forecast period by reaching nearly USD 19.01 Bn.

Home Use Air Purifiers Market Report Scope and Research Methodology

Market Size in 2023: USD 10.74 Billion

Market Size in 2030: USD 19.01 Billion                                                                  

CAGR: 8.5%

Forecast Period: 2024-2030

Base Year: 2023

Number of Pages: 221

No. of Tables: 128

No. of Charts and Figures: 190

Segment Covered: By Type and Technology,

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, and South America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Competitive Analysis, Key Players Benchmarking, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players Market Ranking Analysis

The research methodology employed for studying the Home Use Air Purifiers Market commences by establishing research objectives and delineating the scope of the study. Data collection encompasses sourcing information from diverse outlets such as industry reports, and market databases, and employing primary research methods like surveys and interviews. Validating data for accuracy and reliability is imperative to facilitate insightful analysis. After data aggregation, a meticulous analysis is conducted utilizing statistical tools, qualitative evaluations, and industry expertise to discern prevailing market trends, drivers, challenges, and opportunities. Forecasting models are then deployed to anticipate forthcoming market dynamics, encompassing size and growth trajectories. Furthermore, a thorough technological analysis is undertaken to evaluate the influence of innovations on material selection, designs, and manufacturing processes in the Pearl Jewellery Market. This comprehensive approach ensures a nuanced comprehension of the market landscape and facilitates informed decision-making.

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Home Use Air Purifiers Market Overview:

The home use air purifiers market is experiencing significant growth, driven by rising awareness of indoor air quality and its health impacts. Increasing urbanization and industrialization contribute to higher indoor pollution levels, boosting demand for effective air purification solutions. Technological advancements, such as HEPA and smart air purifiers with real-time monitoring, enhance product appeal. Government regulations and health concerns, particularly related to respiratory diseases and allergies, further propel market expansion. Additionally, the trend towards health and wellness, coupled with rising disposable incomes, supports the market’s growth. The Asia Pacific region leads in market share, reflecting its high pollution levels and growing consumer awareness.

Home Use Air Purifiers Market Dynamics:

The increasing awareness of the adverse health effects of indoor air pollution, such as respiratory issues and allergies, is a significant driver. Consumers are becoming more proactive in addressing air quality concerns, leading to higher demand for air purification solutions. Additionally, rapid urbanization and industrialization contribute to higher pollution levels, particularly in densely populated areas, further driving market growth. Technological advancements in air purification technology, such as HEPA filters, activated carbon filters, and smart features like real-time air quality monitoring, enhance product effectiveness and appeal. Government regulations and initiatives aimed at improving air quality and reducing pollution levels also play a crucial role in driving market growth. Subsidies, incentives, and public awareness campaigns promote the adoption of air purifiers among households. The increasing prevalence of airborne diseases, coupled with rising disposable incomes and improving living standards in emerging economies, fuel Home Use Air Purifiers Market growth.

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Home Use Air Purifiers Market Segment Analysis:

Type

  • Portable Air Purifiers
  • In-duct Air Purifiers

Based on Type, the market is divided into Portable Air Purifiers and In-duct Air Purifiers. Portable Air Purifiers witnessed the highest market share in 2023. This trend is indicative of consumer preferences for versatile, easy-to-use air purification solutions that can be moved from room to room as needed. Portable Air Purifiers offer flexibility and convenience, allowing users to target specific areas of their homes for air purification. This type of purifier is particularly popular in residential settings, where individuals prioritize addressing air quality concerns in specific rooms or areas which boost Home Use Air Purifiers Market.

However, In-duct Air Purifiers are typically integrated into HVAC (Heating, Ventilation, and Air Conditioning) systems to provide whole-house air purification. While these systems offer comprehensive air cleaning throughout the entire home, they require professional installation and maintenance, making them less accessible or practical for some consumers.

Home Use Air Purifiers Market Regional Insight:

The Asia Pacific region dominated the air purifiers market in 2023 and is expected to maintain its lead in the forecast period. This dominance is fueled by rapid industrialization and urbanization in countries like India, China, and Japan, which have led to deteriorating air quality. Increased awareness of health issues stemming from air pollution, such as respiratory illnesses and allergies, has fueled demand for air purifiers. Governments in the region are enforcing strict air quality regulations and incentivizing the use of air purifiers through subsidies and awareness campaigns. Technological advancements, including HEPA filters and smart features like real-time air quality monitoring, are enhancing the appeal of air purifiers. Moreover, rising disposable incomes and improved living standards in emerging economies are enabling more households to invest in these essential appliances, further driving market growth.

Key Players in the Home Use Air Purifiers Market

North America

  1. Honeywell International, Inc. (Charlotte, North Carolina, USA)
  2. Whirlpool (Benton Harbor, Michigan, USA)
  3. Alen Corporation (Austin, Texas, USA)
  4. Rabbit Air (Los Angeles, California, USA)

Europe

  1. Camfil (Stockholm, Sweden)
  2. Blueair (Stockholm, Sweden)
  3. Philips (Amsterdam, Netherlands)
  4. Dyson (Malmesbury, UK)
  5. IAM (London, UK)
  6. IQAir (Goldach, Switzerland)
  7. Boneco (Plaston Holding AG) (Widnau, Switzerland)

Asia-Pacific

  1. Samsung Electronics Co., Ltd. (Suwon, South Korea)
  2. Sharp Corporation (Osaka, Japan)
  3. LG Corporation (Seoul, South Korea)
  4. Panasonic (Kadoma, Osaka, Japan)
  5. Blue Star Limited (Mumbai, India)
  6. Coway (Seoul, South Korea)
  7. Xiaomi (MI) (Beijing, China)
  8. Levoit (Vesync Co., Ltd.) (Shenzhen, China)
  9. Winix (Seongnam, South Korea)‚Äč

Key questions answered in the Home Use Air Purifiers Market report are:

  • What is Home Use Air Purifiers?
  • Which market segment held the largest share of the global Home Use Air Purifiers Market in 2023?
  • What are the global trends in the Home Use Air Purifiers Market?
  • What are the upcoming industry applications and trends for the Home Use Air Purifiers Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Home Use Air Purifiers Market?
  • What growth strategies are the players considering to increase their presence in Home Use Air Purifiers Market?
  • Who are the leading companies and what are their portfolios in the Home Use Air Purifiers Market?
  • What are the major challenges that the Home Use Air Purifiers Market could face in the future?
  • Which region held the largest Home Use Air Purifiers Market Share in 2023?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Market Size, Share, Size & Forecast by Different Segments| 2023−2030
  • Home Use Air Purifiers Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Home Use Air Purifiers Market Segmentation– A detailed analysis by Product, End User, Distribution Channel, and Region
  • Competitive Landscape– Profiles of selected key players by region in a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Stellar Market Research is leading Consumer and Goods research firm, has also published the following reports:

  • Air Purifier Market: Air Purifier Marketsize was valued at USD 11.99 Bn. in 2023. The total Air Purifier revenue is expected to grow by 8.94%. Changing lifestyle preferences, deteriorating indoor air quality, growing health concerns, and increased consumer awareness drives the market growth.
  • United States Air Purifier MarketUnited States Air Purifier Market size was valued at USD 2.44 Bn. in 2023. The increasing use of products is due to the increasing health awareness of young people and the upper classes of society. Fresh, clean air prevents the possibility of respiratory diseases, such as pulmonary fibrosis, pneumonia, and asthma drives the market growth.

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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