Residential Air Purifiers Market worth $14.1 billion by 2026 - Exclusive Report by MarketsandMarkets™
Moreover, marketing campaigns run by established air purifier companies promoting purifiers for indoor air quality is also substantially influencing the sale of these air purifiers in recent times.
CHICAGO, Oct. 11, 2021 /PRNewswire/ -- According to the new market research report "Residential Air Purifiers Market by Technology (High Efficiency Particulate Air (HEPA), Electrostatic Precipitators, Activated Carbon, Ultraviolet), Type (Portable Air Purifiers, In-duct Air Purifiers), COVID-19 Impact - Global Forecast to 2026", published by MarketsandMarkets™, the global Residential Air Purifiers Market is expected to reach USD 14.1 billion in 2026 from USD 9.6 billion in 2021, at a CAGR of 8.1% during the forecast period.
Browse in-depth TOC on "Residential Air Purifiers Market"
95 – Tables
42 – Figures
189 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40172748
The growth of this market is majorly due to the growing popularity of smart homes, supportive government regulations for effective air pollution monitoring and control, increasing public-private funding for effective air pollution monitoring, rising levels of air pollution worldwide, and increasing public awareness related to the healthcare and environmental implications of air pollution. However, the technical limitations pertaining to air quality monitoring products, along with their initial installation cost are expected to restrain the growth of this market during the forecast period.
The overall growth of various sectors has been heavily impacted by COVID-19, specifically in countries with a high incidence rate of COVID-19, such as India, China, Brazil, the US, and several European countries (including Russia, Italy, and Spain). While industries such as oil and petroleum, aeronautics, and mining are experiencing a steep fall in revenues, the healthcare, biotechnology, and pharmaceutical industries are optimizing this situation to serve a maximum number of patients and healthcare professionals.
The COVID-19 outbreak has generated major remunerative opportunities for air purifier manufacturers, with high-performance units, comprising HEPA and activated carbon technologies, being highly popular, to minimize the spread of the virus for enclosed spaces. Premium, high-performance air purifiers are capable of filtering out particles up to 1 micron, and the size of the COVID-19 virus is estimated to be around 1.2 microns. Consequently, manufacturers have displayed confidence in being able to provide a solution for indoor environments, during the outbreak, which will sustain demand for the near future. Moreover, marketing campaigns run by established air purifier companies promoting purifiers for indoor air quality is also substantially influencing the sale of these air purifiers in recent times.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=40172748
The HEPA segment is expected to grow at the highest CAGR during the forecast period
Based on technology, the residential air purifiers market is segmented into HEPA filters (high-efficiency particulate arrestence or high-efficiency particulate air) and other technologies. The other technologies segment comprises electrostatic precipitators, activated carbon, UV filters, and ionic filters. The HEPA segment is expected to grow at the highest CAGR in forecast periods (2021-2026). This is due to the growing concern for environmental sustainability, increasing public awareness pertaining to the healthcare implications of air pollution, and the growing popularity of smart homes/ambient-assisted living.
The portable/stand-alone purifiers accounted for the largest share of the residential air purifiers market in 2020
Based on type, the residential air purifiers market is segmented into portable/stand-alone purifiers and in-duct purifiers. The portable/stand-alone purifiers segment accounted for the largest market share in 2020. The segment is also expected to witness the highest growth during the forecast period. This is mainly due to the need to remove sources of pollutants or allergens from indoor air and increasing public awareness pertaining to the healthcare implications of air pollution. Furthermore, their installation is cost-effective as compared to the in-duct system.
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=40172748
Asia-Pacific region is expected to register the highest CAGR in the residential air purifiers market
The APAC market is expected to grow at the highest CAGR from 2021 to 2026. This can be attributed to factors such as the increasing investments by major players in the region, the presence of less stringent regulations for product approval, and growing demand for quality lifestyles are expected to drive the growth of this market during the forecast period.
The prominent players in the global residential air purifiers market are Daikin Industries, Ltd. (Japan), Sharp Corporation (Japan), Honeywell International Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Dyson (UK), Unilever Group (UK), Panasonic Corporation (Japan), Whirlpool Corporation (US), AllerAir Industries Inc. (US), IQAir (Switzerland), Winix Co., Ltd. (South Korea), Xiaomi Corporation (China), Camfil AB (Sweden), Airpura Industries Inc. (Canada), Airgle Corporation (US), Hunter Pure Air (US), Kent RO Systems Ltd. (India), SHIL Limited (India), IDEAL Krug & Priester GMBH & Co. KG (Germany), Havells India Ltd. (India), Molekule (US), Carrier Global (US), and Coway CO., Ltd. (South Korea).
Browse Adjacent Markets: Analytical and Scientific Instrumentation Market Research Reports & Consulting
Browse Related Reports:
Air Quality Monitoring System Market by Product (Indoor, Outdoor, Wearable), Sampling (Stack, Manual, Passive), Pollutants (Chemical, Particulate Matter, Biological), User (Government, Petrochemical, Power plant, Residential) - Global Forecasts to 2026
HVAC System Market by Heating Equipment (Heat Pumps, Furnaces), Ventilation Equipment (Air-Handling Units, Air Filters), Cooling Equipment (Unitary Air Conditioners, VRF Systems), Application, Implementation Type, and Geography - Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/hvac-system-market-202111288.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/residential-air-purifiers-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/residential-air-purifiers.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
