DUBLIN--(BUSINESS WIRE)--The "Air Purifiers Global Market Report 2021: COVID-19 Growth and Change to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global air purifiers market.
The global air purifiers market is expected to grow from $1.42 billion in 2020 to $1.53 billion in 2021 at a compound annual growth rate (CAGR) of 7.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.09 billion in 2025 at a CAGR of 8%.
Companies Mentioned
- Honeywell International Inc.
- Whirlpool Corp
- Sharp Corporation
- Daikin Industries Ltd
- LG Electronics Inc.
- Dyson Ltd
- Panasonic
- Xiaomi Corporation
- Blue Air
- Coway
- Samsung Electronics Co. Ltd
- Koninklijke Philips
- Sunbeam Products Inc.
- Americair Corporation
- Electrolux
- YADU
- Midea
- Lexy
- Austin
- Beiangtech
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
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- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
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- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you within 3-5 working days of order.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider air purifiers market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The air purifiers market section of the report gives context. It compares the air purifiers market with other segments of the air purifiers market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, air purifiers indicators comparison.
The high installation and maintenance costs of air purifiers are hindering the market growth. Individuals in urban cities in developing nations consider air purifiers as a luxury. Regular maintenance cost for air purifier also adds as an additional expense, which is for filter changes and cleaning of media filter because of continuous use. For instance, a home air purifier will cost up to $1,000 and the installation of an air purifier will be added extra over it. The customers cannot gauge the benefit of using air purifiers against any parameters and this leaves them clueless in understanding the actual benefit of the purifier against the money invested. Therefore, high installation and maintenance costs coupled with customers' lack of understanding about the appliance have a negative impact on the growth of the air purifiers market.
The air purifiers market covered in this report is segmented by technology into HEPA filter; activated carbon; others. It is also segmented by type into dust collectors; fume & smoke collectors; others and by end-user into residential; commercial.
The use of smart air purifiers through the smartphone-enabled application is a key trend in the market. Smart air purifiers allow the air quality to be monitored and managed from a smartphone application, which provides a live reading of quality data. For instance, in January 2019, Pathpartner, an India-based technology company, developed an IoT-enabled smart air purifier that gives information about air quality and provides a report on the humidity content of the air. Through this technology, the temperature of the room and freshening up the room can be controlled remotely.
For more information about this report visit https://www.researchandmarkets.com/r/f8uz8x
