September 20, 2021
According to the recent research report titled ‘Global Air Purifier Market (2021 Edition): Analysis By Filter Technology (HEPA, ION & Ozone, Activated Carbon, Electronic Precipitator, Others), End User, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with Market Study Report LLC, global air purifier market was remunerated at USD 9850.45 million in 2020 and is expected to grow considerably over 2021-2026.
Degrading air quality, rising cases of air borne diseases, and the outbreak of COVID-19 pandemic are primarily fueling global air purifier market growth. Besides, the advancements in electronics and their growing application in different verticals are adding to the industry progression.
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Growing usage of air purifiers in automobiles with automotive electrification is creating lucrative prospects in the business sphere. Furthermore, availability of various types of air purifiers, such as vehicle-mounted and portable devices is expected to boost the sales in the future.
With respect to filter technology, the market is split into electronic precipitator, activated carbon, ION & Ozone, HEPA, and others. Of these, HEPA (high efficiency particulate air) segment is projected to observe considerable traction over 2021-2026, attributable to its ability to reduce both ambient and household air pollution.
Based on end user scope, global air purifier industry is bifurcated into industrial, commercial, and residential. Coming to geographical ambit, Latin America, Asia Pacific, Europe, and North America are the top contributors to the overall industry remuneration.
As per the report, Asia Pacific is anticipated to emerge as a major growth hub in the marketplace, owing to strong presence of ODMs (original design manufacturer) and OEMs (original equipment manufacturer) across automotive, consumer electronics, industrial, healthcare, and other sectors.
Growing awareness regarding several respiratory ailments like asthma and COPD (chronic obstructive pulmonary disease), increasing carbon dioxide emissions, and rising healthcare expenditure are also swaying the regional market dynamics.
Leading organizations influencing global air purifier market dynamics are Blueair AB, IQAir, LG Electronics Inc., Panasonic Corporation, Unilever plc, Sharp Corporation, Whirlpool Corporation, Daikin Industries Ltd., Koninklijke Philips N.V., and Honeywell International Inc.