Global Air Purifiers Market Opportunities And Strategies
The global air purifiers market is expected to grow from $1.29 billion in 2019 to $1.55 billion in 2020 at a compound annual growth rate (CAGR) of 20.74%. The growth is mainly due to the COVID-19 outbreak that has led to increase in the demand of HEPA filters by consumers for personal use. The market is then expected to reach $1.86 billion in 2023 at CAGR of 6.13%. Rising concern for airborne diseases is driving the air purifiers market. An increase in health issues such as asthma, allergies and other breathing disorders due to airborne diseases encourages the consumers to invest in air purifiers at commercial and residential locations. However, the high installation and maintenance costs of air purifiers is hindering the market growth.
The air purifiers market consists of sales of air purifiers and related services for purification of the airborne toxins and particulate matter. The usage of air purifiers is to minimize the health risks associated with breathing air contaminated with pollen grains, harmful gases and emissions.
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The global air purifiers market is further segmented based on type and geography.
By Technology: HEPA Filter, Activated Carbon, Others
By Type: Dust Collectors, Fume & Smoke Collectors, Others
By End-User: Residential, Commercial.
By Geography: The global air purifiers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific air purifiers market accounts for the largest share in the global air purifiers market.
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Trends In The Air Purifiers Market
The use of smart air purifiers through 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.
Air Purifiers Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides air purifiers market overviews, analyzes and forecasts air purifiers market size and growth for the global air purifiers market, air purifiers market share, air purifiers market players, air purifiers market size, air purifiers market segments and geographies, air purifiers market trends, air purifiers market drivers and air purifiers market restraints, air purifiers market’s leading competitors’ revenues, profiles and market shares. The air purifiers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.