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Air Purifier Market Growth Trends 2021

The global air purifier market is gaining significant traction because of the degrading air quality levels which are leading to severe breathing problems for people along with rapid industrialization and urbanization along with the increasing prevalence of airborne diseases.<br>

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Air Purifier Market Growth Trends 2021

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  1. Air Purifier Market- Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2021-2027

  2. Air Purifier Market- Industry Trends & Forecast Report 2027 A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global air purifier market was worth USD 10.7 billion in 2020. The market is estimated to grow at a CAGR of 10.6%, earning revenue of around USD 21.6 billion by the end of 2027. The global air purifier market is gaining significant traction because of the deteriorating air quality and increasing prevalence of airborne diseases across the globe. According to a 2016 report by the International Energy Agency (IEA), air pollution leads to about 6.5 million deaths each year, making it the world’s fourth-largest threat to human health.

  3. Growth Drivers  Deteriorating Air Quality and Increasing Prevalence of Airborne Disease A key factor driving the global air purifier market is the increasing level of air pollution caused by rapid industrialization and urbanization. The World Health Organization estimates that air pollution causes 2.4 million deaths every year. Moreover, air pollution causes the greatest number of deaths in low- and middle-income countries. As polluted air can cause serious health effects, such as lung cancer, asthma and COPD, and increased cardiac risk, the demand for efficient air purifiers in residential and commercial spaces in the forecast period is expected to drive the market growth.

  4. Restraints  High Cost of Air Purifiers The high cost of air purifiers acts as a major restraining factor for the global air purifier market growth. Air purifiers, on average, cost around USD 185 and can go up to as much as USD 5000. The demand and supply also influence the price of air purifiers. Moreover, air purifiers in developing countries with high air pollution levels such as China or South Korea are expensive compared to Europe or North America. This may limit its adoption, especially among middle and low-income class groups.

  5. Impact of COVID-19 on Global Air Purifier Market Based on technology, the global air purifier market is categorized into HEPA technology (high-efficiency particulate air), activated carbon technology, UV technology, negative ion, and others. The HEPA technology holds the largest market share because of its capacity of filtering around 99.7 percent of the airborne particulate matter in indoor spaces. The activated carbon technology is anticipated to register significant growth during the forecast period because of its efficiency in eliminating odors, fumes, and gases pollutants for the indoor environment.

  6. Competitive Landscape The leading market players of the global air purifier market are Honeywell International Inc., Whirlpool Corporation, LG Corporation, Sharp Corporation, Samsung Electronics Co., Ltd, Panasonic Corporation, Daikin Industries, Ltd, Camfil Group, Philips Electronics N.V., 3M Company, Mann+Hummel, Fumex Inc., Electrocorp, Eureka Forbes, SPX Flow, Blueair AB, IQAir, CowayCo., Ltd, Xiaomi Inc., and other prominent players. Sample Copy of the Report:https://www.blueweaveconsulting.com/report/global-air-purifier-market/report-sample

  7. Recent Development In November 2021, Bemis, a US-based toilet seat manufacturer, launched their first indoor air purifiers, which is a collection of three models, namely, the Tower, The Pedestal, The Pod. In November 2021, The Pyure Company, a US-based air purification company, announced the launch of a new line of advanced portable air purification products, specially designed for the janitorial and sanitation industry.

  8. Key Players Honeywell International Inc., Whirlpool Corporation, LG Corporation, Sharp Corporation, Samsung Electronics Co., Ltd, Panasonic Corporation, Daikin Industries, Ltd, Camfil Group, Philips Electronics N.V., 3M Company, Mann+Hummel, Fumex Inc., Electrocorp, Eureka Forbes, SPX Flow, Blueair AB, IQAir, CowayCo., Ltd, Xiaomi Inc., and other prominent players.

  9. About Us: Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.

  10. Contact Us:  +1 866 658 6826 +1 425 320 4776 +44 1865 60 0662  info(@)blueweaveconsulting.com  www.blueweaveconsulting.com

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