Drivers and Trends Benefits Air Purifier Market to Grow at 11.2% CAGR, projected to Reach USD 9.76 billion in 2023
Market Insights
As per recent research by MarkNtel Advisors, The Global Air Purifier Market size was valued at USD 9.76 billion in 2023 & is estimated to grow at a CAGR of around 11.2% during the forecast period, i.e., 2024-30.
Global Air Purifier Market Driver
Rising Demand for Air Purifiers as a Defence Against Airborne Diseases – The escalating prevalence of respiratory diseases linked to air pollution, such as asthma and allergies, has spurred a growing demand for air purifiers in both residential and commercial spaces. Heightened awareness of the health risks associated with airborne diseases has made people more proactive in safeguarding themselves from air pollutants & pathogens. This increased consciousness, particularly in urban areas, has led to a surge in the adoption of air purifiers as a pre-emptive measure to enhance indoor air quality and mitigate the risk of airborne illnesses.
Moreover, the global pandemic has played a pivotal role in amplifying concerns related to diseases, resulting in a significant uptick in the adoption of air purifiers as a preventive tool against pathogenic viruses, further accelerating the Air Purifier Market.
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Market Segmentation and Consumer Behavior:
By Filter Type
- High-Frequency Particulate Air (HEPA) filters
- Ionic filters
- Activated Carbon
- Electrostatic Precipitators
By Sales Channel
- Online Sales
- Offline Sales
By End Users
- Commercial
- Residential
- Industrial
- Institutional
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Air Purifier Market Geographical Analysis:
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East & Africa
Key Players and Competitive Strategies in the Air Purifier Market
Several prominent players dominate the Air Purifier Market, including:
- Signify
- Panasonic
- Sharp Electronics
- Daiken Industries
- Blue Air
- Honeywell International
- LG Electronics
- Whirlpool Corporation
- Dyson Ltd.
- Samsung
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Questions Addressed in this Study
1.What factors are driving the Air Purifier Market growth?
2.How is the Air Purifier Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Air Purifier Market?
4.What is the current size of the Air Purifier Market, and how is it projected to change in the future?
5.What is the future outlook for the Air Purifier Market in terms of technological advancements and market expansion?
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