As per the GMI Research’s latest analysis, Global Residential Air Purifier Market reveals that the market is slated to register a higher CAGR over the forecast period. This is attributed to the rising pollution with the growing number of vehicles on the road and the rising awareness of health and pollution.
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Residential Air Purifier Market’s leading Manufacturers:
- Sharp Corporation
- Daikin Industries, Ltd.
- Panasonic Corporation
- Honeywell International Inc
- LG Electronics
- Dyson
- Samsung
- Unilever
- Whirlpool Corporation
- Xiaomi
Residential Air Purifier Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The rising pollution worldwide with the growing number of vehicles on the road is a key driver contributing to the growth of the residential air purifier market. There is an increase in the annual population rate globally, which will further augment occupancy at public places. These over-occupied places raise the strong presence of contaminants in the air. Air purifiers offer technology to inhale fresh air at home, which is driving the demand for residential air purifiers. The emerging trend of smart homes, government initiatives to effectively monitor and control air pollution, the rising awareness of health and pollution, and public and private funding to counter air pollution are some other factors propelling the growth of the global residential air purifier market.
The emergence of the coronavirus crisis has offered various opportunities for air purifier manufacturing players, which is enhancing the demand for purified air in enclosed areas to limit viruses from spreading. High-performance air purifiers can filter particles of size 1 micron. The COVID-19 virus is believed to be of 1.2micron size. Air purifier players are increasing their R&D activities to innovate premium filtering technologies, offer solutions to filter this virus for indoor environment, and fulfill the rising demand for energy-efficient purifiers. All these innovations are supporting the growth of the global residential air purifier market.
Type Segment Drivers
Based on the type, the market is segmented into portable/stand-alone air purifiers and in-duct air purifiers. The portable/stand-alone air purifiers is projected to increase at a faster CAGR over the coming years as they are highly cost-effective portable/stand-alone air purifiers in comparison to in-duct air purifiers. The increasing awareness associated with health and energy-efficiency, rising concern for environmental sustainability, growing popularity for smart homes are the factors stimulating the growth of the market.
Residential Air Purifier Market Segmentation:
Segmentation by Technology:
- High-Efficiency Particulate Air (HEPA)
- Other Technologies
Segmentation by Type:
- Portable/Stand-Alone Air Purifiers
- In-Duct Air Purifiers
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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