December 06, 2021
According to the research report titled ‘Air Purifier Market Size By Product (Mechanical Air Filters [Fiberglass Filters, Polyester Filters, Washable Filters, HEPA Filters], Electronic Air Filters, Sorbent Air Cleaners, Air Cleaners Using Photocatalytic Oxidation [Air Cleaners Using Photocatalytic Titanium Oxidation, Air Cleaners Using Other Photocatalytic], Air Cleaners Using Ultraviolet Germicidal Energy (UV-C), Packaged Air Cleaners, Ozone-Generating Air-Cleaning Devices), By Application (Non Residential [Commercial, Office, Institution, Healthcare], Residential, Industrial [Food & Beverage, Pharmaceutical, Construction, Livestock]), By Sales Channel (Online, Offline]), COVID-19 Impact Analysis, Regional Outlook, Price Trend, Competitive Market Share & Forecast, 2021- 2027’, available with MarketStudyReport, worldwide air purifier market is anticipated to garner notable returns by 2027.
Rising product demand, and increasing consumer focus on improving indoor air quality are boosting air purifier market growth.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/4079060/
Following the COVID-19 outbreak, air purifiers gained traction as leading health organizations stated that they may help eliminate airborne contaminants, such as viruses, in homes or confined areas. Product uptake has expanded dramatically in both hospital and residential settings, owing to strict lockdown mandates that compelled individuals to stay indoors for a longer time period, pushing industry expansion.
In terms of product terrain, the electronic air filter segment is poised to grow at a rate of 12.5% throughout the projection period. While, the photocatalytic oxidation air cleaner market segment is expected to generate substantial revenues by the end of 2027, recording a CAGR of 11.5% over the forecast period.
On the basis of application spectrum, air purifier market share from pharmaceutical application segment is anticipated to surge at a CAGR of 12.5% between 2021-2027, reaching a considerable valuation by the end of analysis timeframe. Whereas, the livestock application segment continuous is slated to increase at a CAGR of 11.5% through 2027.
With respect to sales channel, the online sales channel segment is projected to register a y-o-y growth rate of 15% during the forecast period. The offline sales channel sector is reckoned to garner 9% CAGR, generating significant revenue by the end of 2027.
Considering the regional landscape, Latin America market is predicted to develop at a CAGR of 11.5% through 2027. On the other hand, Middle East & Africa market is touted to bolster at a healthy rate of 10% over the analysis timeline.
The key players in worldwide air purifier market are Koninklijke Philips N.V., Whirlpool Corporation, Honeywell International Inc., Panasonic Corporation, Sharp Corporation, Purafil Inc., Parker-Hannifin Corporation, Airclean Ltd., Mann+Hummel Gruppe, Daikin Industries Ltd., Coleman Heating & Air Conditioning, Afpro Filters, Camfil Group, American Air Filter Company Inc., Nateo Santé, Abiotec, ReSPR Technologies, Ab Alfaintek Oy, JIMCO A/S, General Filters Inc., Tornex Inc., Trane Technologies Inc., and Airfree SAS.