LONDON--(BUSINESS WIRE)--Technavio has been monitoring the residential air purifier market in us and it is poised to grow by USD 544.61 mn during 2020-2024, progressing at a CAGR of over 5% 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.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the residential air purifier market in us. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions:
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What are the major trends in the market?
Integration of smart-connectivity in residential air purifiers is a major trend driving the growth of the market. -
At what rate is the market projected to grow?
The market will accelerate at a CAGR of over 5% and the incremental growth of the market is anticipated to be $ 544.61 mn. -
Who are the top players in the market?
Alen Corp., Austin Air Systems Ltd., Blueair AB, Dyson Ltd., Honeywell International Inc., Koninklijke Philips NV, Newell Brands Inc., Sharp Corp., Whirlpool Corp., and Woongjin Coway Co. Ltd., are some of the major market participants. -
What is the key market driver?
The increased air pollution is one of the major factors driving the market. -
How big is the HEPA market
The HEPA region will contribute 79% of the market share.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alen Corp., Austin Air Systems Ltd., Blueair AB, Dyson Ltd., Honeywell International Inc., Koninklijke Philips NV, Newell Brands Inc., Sharp Corp., Whirlpool Corp., and Woongjin Coway Co. Ltd. are some of the major market participants. The increased air pollution will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this residential air purifier market in US forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Residential Air Purifier Market in US 2020-2024: Segmentation
Residential Air Purifier Market in US is segmented as below:
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Technology
- HEPA
- Electrostatic Precipitators
- Ionizers And Ozone Generators
- Others
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Residential Air Purifier Market in US 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The residential air purifier market report covers the following areas:
- Residential Air Purifier Market in US Size
- Residential Air Purifier Market in US Trends
- Residential Air Purifier Market in US Industry Analysis
This study identifies the integration of smart-connectivity in residential air purifiers as one of the prime reasons driving the residential air purifier market growth in US during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Residential Air Purifier Market in US 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist residential air purifier market growth in US during the next five years
- Estimation of the residential air purifier market size in US and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the residential air purifier market in US
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of residential air purifier market vendors in US
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Technology
Market Segmentation by Distribution channel
Customer Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
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.
