Global Air Purifier Market | Share, Growth Rate (CAGR), Historical Data and Forecast 2027
Air Purifier Market Overview:
The Air Purifier market competitive landscape separates information by a competitor. The facts include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, and application dominance. The preceding data points are solely relevant to the businesses’ competitive impact on the Air Purifier market.
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Global Air Purifier Market size was volume at 8.89 million units. In 2020 and commercial is one of the dominating segments reviewed in our report is dominating the Global Air Purifier Market.
Market Scope:
This Air Purifier market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue streams, changes in market regulations, strategic market growth analysis, market size, categorical market growth, application niches, and dominance, product approvals, product launches, and geographic expansion.
Drivers:
Airborne illnesses and pollution are on the rise in urban areas, which should increase demand for air purifiers. Additionally, it is anticipated that higher living standards, increased disposable income, and heightened health awareness will promote business growth.
Start-ups are looking to crowdfunding technology to successfully introduce a model in the air purification sector. Device manufacturers benefit from air quality sensors that work with air purifiers to estimate the risk of viral infections and microbial growth. The main goal of market participants is to increase their presence and global reach. They use merger and acquisition, alliance, and cooperation strategies to keep their competitive advantage in the global market. The development and manufacture of new products is another key factor advancing air purification technology.
Segmentation:
In terms of technology, the HEPA segment, which currently holds a 39.9% global market share, is expected to grow as consumer demand for the product and awareness of it increase. To improve air quality and remove smoke, odours, and airborne particles, hotels and restaurants use activated carbon and HEPA air purifiers. Pollen, dust, smoke, and biological pollutants are all very well-captured by HEPA filters. Because they can filter more than 99% of airborne particles, consumers like them. These air purifiers help those who suffer from respiratory conditions like asthma, which affect a large portion of the global population, by effectively filtering harmful dust particles to enhance general health.
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Key Players: The key players are
• Honeywell International Inc.
• Whirlpool Corporation
• Alen Corporation
• AllerAir Industries Inc.
• Koninklijke Philips N.V.
• Dyson Limited
• Unilever plc
• The Camfil Group
• IQ Air
• WINIX Co. Ltd.
• Sharp Corporation
• Daikin Industries Ltd.
• Samsung Electronics Co. Ltd.
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Regional Analysis:
The geographical section of the research also includes individual market influencing variables and changes in market regulations that affect current and future market trends. Data points such as downstream and upstream value chain analysis, technological trends, porter’s five forces analysis, and case studies are only a few of the indicators used to forecast the market situation for various countries’ growth.
COVID-19 Impact Analysis on Air Purifier Market:
The report also discusses how COVID-19 impacted the Air Purifier market.
Key Questions Answered in the Air Purifier Market Report are:
- Which segment had the largest share in the Air Purifier market?
- How is the competitive landscape of the Air Purifier market?
- Which are the key factors impacting the Air Purifier market growth?
- Which region has the maximum share in the Air Purifier market?
- What will be the CAGR of the Air Purifier market during the forecast period (2021-2027)?
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