LONDON--(BUSINESS WIRE)--Technavio analysts forecast the residential air purifier market in the US to grow at a CAGR of close to 5% during the forecast period, according to their latest market research report.
The integration of smart-connectivity in residential air purifiers is one of the major trends being witnessed in the residential air purifier market in the US 2018-2022. Vendors are focusing on product development and technological advances. At present, smart home systems that use the internet for kitchen appliances, lighting, security and control systems and other home appliances such as air purifiers are gradually becoming popular at the global level. Therefore, to become popular among customers and increase market shares, manufacturers are integrating smart connectivity features in their residential air purifiers.
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According to Technavio analysts, one of the key factors contributing to the growth of the residential air purifier market in the US is the increased air pollution and concerns over indoor air quality:
Residential air purifier market in the US: Increased air pollution and concerns over indoor air quality
The global air quality has declined over the years, which has exposed people to several health problems such as frequent headaches, lung cancer, heart problems, stroke, and chronic, acute respiratory diseases such as asthma. Health problems due to air pollution have also resulted in deaths. Managing air quality is a big challenge for authorities and citizens in many countries.
According to a senior analyst at Technavio for research on home, kitchen, and large appliances, “The rapid increase in urbanization, industrialization, and pollution through vehicular emissions has led to the deterioration of the air quality in several countries, including the US. Apart from outdoor air pollution, concerns over the quality of indoor air have also increased. The high presence of VOCs, smoke, and pollens also severely affects the quality of indoor air, which results in pollution.”
Residential air purifier market in the US: Segmentation analysis
The residential air purifier market in the US research report provides market segmentation by technology (HEPA, electrostatic precipitators, ionizers and ozone generators and others) and by product (dust collectors, fume and smoke collectors, and others). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the major technologies, the HEPA technology segment held the largest market share in 2017, contributing to over 79% of the market. This technology segment will dominate the global market throughout the forecast period.
The dust collector segment held the largest share of the market in 2017, accounting for close to 65% share. This product segment is expected to dominate the global market throughout the forecast period.
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Market Sizing
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Five Forces Analysis
Market Segmentation
Geographical Segmentation
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Market Drivers
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Vendor Landscape
- Vendors covered
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