Market Research Future has published a cooked research report on the Global Air purifier Market, 2013-2025. The global air purifier market is projected to exhibit a CAGR of 11.41% during the forecast period of 2019 to 2025.
Market Research Future has recognized the following companies as the key players in the Global citrus fiber Market: Dyson (US), Sharp Corporation (Japan), Panasonic Corporation (Japan), Unilever (UK), Honeywell International (US), Midea Group (China), Coway Co., Ltd (South Korea), Xiamoi Inc. (China), Koninklijke Philips N.V. (The Netherlands), Daikin Industries, Ltd (Japan), Blueair (Sweden), Lake Air (US), IQ Air (Switzerland), Samsung (South Korea), Broad Group (China), Whirlpool Corporation (US), AB Electrolux (Sweden), YADU Int’l Technology (Beijing) Co., Ltd (China), Austin Sir (US), Boneco AG (Switzerland), Airgle Corporation (US), Airdogusa (US), Rabbit Air (US) and Levoit (US).
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Air Purifier Market Research Report
Air Purifier Market Highlights
The global air purifier market is projected to be valued at USD 13,527.80 million by 2025, recording a CAGR of 11.41% during the forecast period. Air purifiers are used to remove volatile organic compounds (VOCs), odors, and gaseous and particle pollutants. Moreover, air purifiers are used in eliminating airborne mold, bacteria, viruses, dust mites, and pollen from the air in both, residential and commercial applications. Unlike air filters, an air purifier emits something to kill, neutralize, transform, or otherwise render airborne toxins harmless.
Air Purifier Market Segmental Analysis
The global air purifier market has been segmented based on product type, sales channel, and region.
Based on product type, the global Global Air Purifier market has been divided into HEPA purifiers, UV air purifiers, activated carbon air purifiers, ion & ozone generator air purifiers, and others. The HEPA purifiers segment accounted for the largest market share of 57.35% in 2018. HEPA purifiers are made using fiberglass, foam, cotton, and other particle-trapping materials. These kinds of air purifiers are widely used in residential applications as they are more cost-efficient, compared to other types of air purifiers. The significant increase in demand from developing countries such as China and India, for low-cost air purifiers, is expected to boost the sales of HEPA purifiers in several end-use application areas. Almost all air purifier manufacturers use HEPA filtration technology in their products. Thus, the low-cost structure of HEPA purifiers is expected to drive this segment in the global air purifier market during the forecast period
Based on sales channel, the global Global Air Purifier market has been categorized into online and offline. The online segment accounted for the largest market share of 58.72% in 2018 and is expected to register the highest CAGR of 11.96% during the projected period. The air purifier manufacturers, such as Panasonic Corporation and Unilever, invest in collaborating with online retailers such as Amazon, Inc., Jingdong, Alibaba Group, and eBay Inc. to increase their reach in developing countries. This is expected to primarily influence the demand and sales of air purifiers in untapped counties or areas across developing countries, such as China, India, Thailand, Malaysia, and Indonesia
Air Purifier Market
Regional Analysis
On the basis of region, the global air purifier market has been categorized as North America, Europe, Asia-Pacific, and the Rest of the World. As per MRFR analysis, Asia-Pacific accounted for the largest market share of 73.9% in 2018 and is expected to register the highest CAGR of 12.93%. Asia-Pacific primarily comprises of China, Japan, India, South Korea, and the ASEAN countries. This region dominates the globe in terms of population, home appliance consumers, and the production of home care products. The presence of leading manufacturers in the global air purifier market is expected to boost the consumption of air purifiers, across the domestic market. The high penetration of people, the dominant market for vehicle consumption, and the rapid increase in industrialization across China and India are likely to raise the demand for air purifiers in the domestic market during the forecast period. The US accounted for the largest market share of 71.45% in 2018, and the market is expected to register a CAGR of 5.68% during the forecast period. Canada was the second largest market in 2018, the market is projected to exhibit a CAGR of 6.72%. However, the market in Mexico is expected to register the highest CAGR of 6.90%.
In the Europe region, Germany accounted for the largest market share of 32.63% in 2018, and the market is expected to register a CAGR of 3.26% during the forecast period. France was the second largest market in 2018 whereas, the market in the Rest of Europe is expected to register the highest CAGR of 6.41%. The rest of the world covers the Middle East & Africa and South America. The high presence of harmful airborne particles such as dust, smoke, and bacteria is expected to lead to the demand for air purifiers in the rest of the world during the forecast period. However, the limited availability of variations of air purifier specifications and the high cost of the product in the domestic market are the main factors primarily hampering the growth of air purifiers in the local market during the forecast period.
Key Findings of the Study:
- The global air purifier market is projected to register a growth rate of 11.41% from 2019 to 2025.
- The HEPA purifiers segment accounted for the largest market share of 57.35% in 2018 whereas the activated carbon is likely to register a CAGR of 12.43% during the projected period.
- The online segment accounted for the largest market share of 58.72% in 2018 and is expected to register the highest CAGR of 11.96% during the projected period
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Companies Covered | 15 |
Pages | 192 |
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