COVID-19 Impacts: Air Purifier Market Will Accelerate at a CAGR of Over 8% Through 2020-2024 | Growing Air Pollution Levels to Boost Growth | Technavio

Technavio has announced its latest market research report titled Global Air Purifier Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the air purifier market and it is poised to grow by USD 8.84 billion during 2020-2024, progressing at a CAGR of 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

  • At what rate is the market projected to grow during the forecast period 2020-2024?
  • Growing at a CAGR of over 8%, the market growth will accelerate during the forecast period.
  • What is the key factor driving the market?
  • Growing air pollution levels is one of the key factors driving the market growth.
  • Who are the top players in the market?
  • 3M Co., Daikin Industries Ltd., Honeywell International Inc., IQAir North America Inc., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Unilever Group, and Whirlpool Corp. are some of the major market participants.
  • Which region is expected to hold the highest market share?
  • APAC
  • What is the major trend for air purifier market?
  • The introduction of smart connected air purifiers is a major trend driving the market growth.
  • Which product is expected to witness the fastest growth in the global market?
  • The electrostatic precipitators segment is expected to grow at a faster rate.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Daikin Industries Ltd., Honeywell International Inc., IQAir North America Inc., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Unilever Group, and Whirlpool Corp. are some of the major 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.

Growing air pollution levels have been instrumental in driving the growth of the market.

Air Purifier Market 2020-2024: Segmentation

Air Purifier Market is segmented as below:

  • Technology
    • HEPA
    • Electrostatic Precipitators
    • Ionizers And Ozone Generators
    • Others
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40388

Air Purifier Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our air purifier market report covers the following areas:

  • Air Purifier Market size
  • Air Purifier Market trends
  • Air Purifier Market analysis

This study identifies the introduction of smart connected air purifiers as one of the prime reasons driving the air purifier market growth during the next few years.

Air Purifier Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the air purifier market, including some of the vendors such as 3M Co., Daikin Industries Ltd., Honeywell International Inc., IQAir North America Inc., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Unilever Group, and Whirlpool Corp. Backed with competitive intelligence and benchmarking, our research reports on the air purifier market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Air Purifier Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist air purifier market growth during the next five years
  • Estimation of the air purifier market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the air purifier market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of air purifier market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Value chain analysis
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market outlook
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY TECHNOLOGY

  • Market segmentation by technology
  • Comparison by technology
  • HEPA - Market size and forecast 2019-2024
  • Electrostatic precipitators - Market size and forecast 2019-2024
  • Ionizers and ozone generators - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by technology

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Introduction of smart connected air purifiers
  • Increase in M&A and strategic alliances
  • Increase in demand for energy-efficient air purifiers

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • 3M Co.
  • Daikin Industries Ltd.
  • Honeywell International Inc.
  • IQAir North America Inc.
  • Koninklijke Philips NV
  • LG Electronics Inc.
  • Panasonic Corp.
  • Samsung Electronics Co. Ltd.
  • Unilever Group
  • Whirlpool Corp.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com

Website: www.technavio.com/

Release Summary

The Global Air Purifier Market will grow by USD 8.84 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com

Website: www.technavio.com/