Residential Portable Air Purifier Market by Technology, Product 2024

1. Downloaded from: justpaste.it/792ou Residential Portable Air Purifier Market Trends, News and Size 2024 The residential portable air purifier market size has the potential to grow by USD 1.90 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Get Sample: https://www.technavio.com/talk-to-us?report=IRTNTR44754&type=sample&src=report This report provides a detailed analysis of the market by technology (HEPA, electrostatic precipitators, ionizers and ozone generators, and others), product (dust collectors, fume and smoke collectors, and others), distribution channel (offline and online), and geography (North America, APAC, Europe, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Daikin Industries Ltd., Dyson Ltd., Honeywell International Inc., Koninklijke Philips NV, LG Electronics Inc., Newell Brands Inc., Panasonic Corp., Sharp Corp., Unilever Group, and Whirlpool Corp. Market Competitive Analysis The market is fragmented. Vendors are emphasizing on offering superior-quality air purifiers to acquire more customers and gain market share. They focus on differentiating their products based on quality, technology, price points, and features. Daikin Industries Ltd., Dyson Ltd., and Honeywell International Inc. are some of the major market participants. Although the technological innovations and portfolio extension leading to product premiumization will offer immense growth opportunities, the long product life cycle will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. To help clients improve their market position, this residential portable air purifier market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this residential portable air purifier market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. Residential Portable Air Purifier Market: Key Drivers and Trends Technavio’s market research analysts have identified the technological innovations and portfolio extension and product premiumization as one of the primary factors that will trigger the residential portable air purifier market growth in the coming years. The deterioration in the air quality of both indoor and outdoor environments has increased the demand for improved cleaning technology among consumers. Vendors operating in this sector are keen to grab this opportunity and are focused on product innovation and portfolio extension to solicit sizable market share. In recent times, the health-conscious consumers are ready to purchase innovative air purifiers at a premium price that require limited maintenance. HPA204 air purifier is an innovative initiative taken by Honeywell International, which has the capability to catch 99.25%-99.95% of microscopic allergens of 0.30 microns from the

2. air. Moreover, this device is energy-efficient and helps in the reduction of volatile organic compounds (VOCs) and certain airborne germs. The residential portable air purifier market will register a CAGR of over 5% by 2024. Based on the portable air purifier industry analysis, the increasing demand for energy-efficient air purifiers is one of the key residential portable air purifier market trends gaining traction. Owing to the rise in the electricity cost, the consumers are concerned about energy consumption by residential air purifiers. The room air purifier consumes high energy as they help in minimizing humidity, removing external pollution, enhancing air quality, and improving the comfort level. These factors have compelled customers to look for energy-efficient residential air purifiers. Residential Portable Air Purifier Market: Key Highlights of the Report for 2020-2024 CAGR of the market during the forecast period 2020-2024 Detailed information on factors that will drive residential portable air purifier market growth during the next five years Precise estimation of the residential portable air purifier market size and its contribution to the parent market Accurate predictions on upcoming trends and changes in consumer behavior The growth of the residential portable air purifier industry across North America, APAC, Europe, South America, and MEA A thorough analysis of the market’s competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of residential portable air purifier market vendors