Air Purifier Market Overviews
Air Purifier Market size was valued at US$ 11.99 Bn. in 2023. And the total Air Purifier revenue is expected to grow by 8.94%
An air purifier refers to a device that removes contaminating particles such as dust and pollen and filters domestic or industrial air. It is used to improve air quality and purify the air while limiting the spread of harmful residues. Air purifiers prevent various health issues caused by air pollution, such as neurological or respiratory problems.
Air Purifier Market Scope and Methodology:
Changing lifestyle preferences, deteriorating indoor air quality, growing health concerns, and increased consumer awareness of the benefits of air purifiers. the high cost of installing and maintaining air purifiers is expected to limit the adoption of air purifiers.
Air purifiers are in high demand from the industry as they are capable of providing a sterile atmosphere to protect workers throughout the manufacturing process. Warehouses, factories, and industrial plants emit fine, abrasive dust, endangering the safety of employees and the health of local residents, and are making air purifiers popular in the construction industry.
Air Purifier Market Regional Insights
The Asia Pacific region dominated the market with a 41.6% share in 2023. Rapid urbanization and industrialization, and an increase in the high disposable income population. Increased smog and air pollution outbreaks, especially in countries such as India and China are increasing acceptance of air purifiers and complement the growth of the market. Urbanization, policy, and industrialization are some of the factors that have influenced the balance of South Korea's ecosystems and the deterioration of air quality. Increased awareness of health hazards and illnesses caused by exposure to harmful particles at work and home is driving the air purifier market growth.
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Air Purifier Market Segmentation
By Technology, HPEA dominated the market with a 41% share in Air Purifier Market. These are very effective and efficient in trapping airborne particles, including pollen dust and bio-containments. These factors are driving the growth of the segment in the market.
Activated carbon or activated carbon filters are small pieces of powder or granules that have been specially treated with oxygen to open the pores of carbon atoms. This helps increase the surface area of ??carbon to make it porous and improve its ability to absorb particles in the air. These filters are used to absorb gases and odors from cooking, mold, chemicals, pets, and smoke. This segment is expected to grow at a CAGR of 6.8% through the forecast period.
Air Purifier Market Key Players
IQAir
Daikin
Honeywell International, Inc.
LG Electronics, Inc.
Unilever PLC
Koninklijke Philips N.V.
Panasonic Corporation
Hamilton Beach Brands, Inc.
Whirlpool Corporation; Carrier
Camfil
Sharp Electronics Corporation
COWAY Co., Ltd.
Samsung Electronics Co., Ltd.
Dyson
Molekule
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Key questions answered in the Air Purifier Market are:
- What is Air Purifier ?
- What was the Air Purifier market size in 2023?
- What is the growth rate of the Air Purifier Market?
- Which are the factors expected to drive the Air Purifier market growth?
- What are the different segments of the Air Purifier Market?
- What growth strategies are the players considering to increase their presence in Air Purifier ?
- What are the upcoming industry applications and trends for the Air Purifier Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Air Purifier Market?
- Who are the leading companies and what are their portfolios in Air Purifier Market?
- What segments are covered in the Air Purifier Market?
- Who are the key players in the Air Purifier market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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