$5.36 Billion Worldwide Residential Air Purifiers Industry to 2027 - Featuring Daikin Industries, Dyson, LG Electronics and Unilever Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Residential Air Purifiers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global residential air purifiers market size reached US$ 3.91 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 5.36 Billion by 2027, exhibiting a CAGR of 5.4% during 2021-2027.

Companies Mentioned

• AllerAir Industries Inc.
• Daikin Industries Ltd.
• Dyson Ltd.
• Honeywell International Inc.
• IQAir
• Koninklijke Philips N.V.
• LG Electronics Inc.
• Panasonic Holdings Corporation
• Samsung Electronics Co. Ltd.
• Sharp Corporation
• Unilever plc
• Whirlpool Corporation
• Xiaomi Inc.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A residential air purifier is an indispensable stand-alone appliance that mitigates various contaminating particles, including allergens, pollen, dust, and smoke, to improve the air quality in an indoor environment. They involve single or multiple filters and fans that capture and neutralize unwanted pollutants from the air before their recirculation into the living space.

Residential air purifiers reduce the risk of various neurological or respiratory disorders, such as chronic obstructive pulmonary disease (COPD), asthma, and lung cancer, by eliminating the presence of harmful chemicals, dust, and unpleasant odors from a specific area. Along with this, they are cost-effective, easy to use, and reliable and are mainly available in portable and in-duct air purifier types.

The increasing prevalence of various airborne and respiratory diseases due to the considerable rise in pollution levels in urban areas is primarily driving the market growth. This is further supported by the ongoing construction activities and the rapid establishment of smart homes across the globe.

In line with this, the rising health consciousness among consumers, coupled with improving living standards and inflating disposable incomes, has significantly promoted the uptake of high-performance air purifiers in residential spaces, which is acting as another growth-inducing factor. The product demand can also be attributed to the rising environmental concerns and the growing awareness regarding the detrimental health effects of air pollution.

Moreover, the advent of high-efficiency particulate air (HEPA)-based air cleaners that can trap and filter airborne contaminants of different particle sizes are contributing to the market growth.

Furthermore, the implementation of the work-from-home (WFH) model during the COVID-19 pandemic has augmented the sales of residential air purifiers to avoid the spread of the virus, which is favoring the market growth. Other factors, such as extensive product marketing by manufacturers and strategic collaborations amongst key players to engineer products with new features, are positively stimulating the market growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global residential air purifiers market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, filtration technology and distribution channel.

Breakup by Type:

• Stand-alone/Portable
• In-Duct

Breakup by Filtration Technology:

• High-efficiency Particulate Absorbing (HEPA)
• Activated Carbon
• Ionic Filters
• Others

Breakup by Distribution Channel:

• Online
• Offline

Breakup by Region:

• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa

Key Questions Answered in This Report:

• How has the global residential air purifiers market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global residential air purifiers market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the filtration technology?
• What is the breakup of the market based on the distribution channel?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global residential air purifiers market and who are the key players?
• What is the degree of competition in the industry?

For more information about this report visit https://www.researchandmarkets.com/r/19v455