In 2021, Asia-Pacific controlled the global air purifier market and recorded a decent share of global revenue revenue, owing to rapid development and industrialization, as well as growing population with a increase in individual income.
Air Purifiers Market Growth Prospects 2022-2029:
According to the research report published by DataM Intelligence, the air purifier market is expected to grow at a CAGR of 8.54% during the forecast period 2022-2029.
The air purifier market is expected to be driven by rising airborne diseases and increasing pollution levels in developed countries. Furthermore, rising health awareness has doubled with changing living standards and rising per capita income is expected to drive the market growth.
The growing awareness of a healthy lifestyle has been paid back to the increase in sales of air purifiers around the world. The rising occurrence of airborne diseases has doubled with rising air pollution standards in the United States, which is expected to impact the growth of the market over the forecast period. Many governments are aiming for adoptable air pollution by introducing numerous stringent indoor air quality rules and regulations which are expected to drive the market over the forecast period.
Many factors such as changing lifestyle, indoor air quality pollution, increasing health problems and increasing consumer awareness of the benefits of air purifiers are likely to boost market growth over the forecast period.
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Regional Market Share Overview:
In 2021, Asia-Pacific controlled the global market and recorded a decent share of global income, due to rapid development and industrialization, as well as growing population with increasing income of individuals. Additionally, increasing air pollution situations, primarily in states like China and India, are expected to increase the acceptance of air purifiers, thereby complementing the growth of the regional market.
The North America market is expected to increase its growth rate over the forecast period. Air quality policies such as the implementation of National Ambient Air Quality Standards by the United States.
Asia-Pacific is expected to control the market over the forecast period with the popularity of demand coming from countries like India, China, etc.
Competitive Analysis and Key Companies Profiled:
The main players are Honeywell International Inc., Koninklijke Philips, Sunbeam Products Inc., Xiaomi Corporation and Blueair (Unilever). Other key market players are Coway, Whirlpool Corporation, Americair Corporation, Sharp Corporation and Dyson Technology Limited.
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Market Segmentation Analysis:
Per end user:
Middle East and Africa
Rest of the world
The full report contains the information below.
- The report offers a comprehensive valuation of the market in terms of market value (USD) and annual growth rate (%). It does this by using in-depth qualitative insights, historical data (2020-2021) and verifiable projections of the market size over the forecast period (2022-2029).
- Visualize the composition of the Air Purifiers market segmentation by end-user, by technology, and by region, highlighting major business assets and players.
Additional benefits after purchase:
- Unlimited Analyst Support for a period of 1 year.
- Any questions regarding the offered scope will be answered within 24-48 hours
- An Excel sheet with market numbers will be provided separately
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Press release issued by ABNewswire.com
To view the original version on ABNewswire, visit: Air Purifiers Market Demand, Developments, Trends, Company Profile Analysis, Growth Opportunities Outlook 2022 | Global Industry Forecast Report 2029