Research Nester in its repository of market research reports, have recently added a report on the Air Purifier Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2023-2031.
The U.S. Market recovers fast; In a release on May 4th, 2022, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Air Purifier Market products.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Air Purifier Market. The report analyzes the air purifier market by Filter Technology (HEPA, Electrostatic Precipitator, Activated Carbon, Ion and Ozone and Others), By End Users (Residential, Commercial, Automotive), By Region (North America, Europe, Asia Pacific and Rest of the world) and By Country (U.S., Canada , Germany, United Kingdom, India, China).
The global portable air purifier market is segmented by type into dust collectors, fume & smoke collectors, and others, out of which, the fume & smoke collector segment is anticipated to hold the notable share in the market during the forecast period on account of increasing pollution level from vehicular emissions. Moreover, the increasing health awareness among people is further projected to boost the market growth. According to the WHO Global Ambient Air Quality Database 2018, around 4.2 million deaths take place every year as a result of exposure to outdoor air pollution. On the basis of distribution channel, the market is bifurcated into online and offline, out of which, the offline segment is estimated to gain a significant share over the forecast period, on the back of ease of availability and customer satisfaction.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The segment of High Efficiency Particulate Air (HEPA) witnessed growth at a noteworthy rate over the past few years and expected to grow in the forecast period due to the imperative role being played by HEPA in the abatement of ambient as well as household air pollution. During 2018-23, Air Purifiers Market is anticipated to grow at an increased rate due to intensifying government regulations in various parts of the world. Moreover, increasing demand for various types of air purifiers such as vehicle mounted as well as portable air purifiers has been anticipated to propel thrust in the sales of air purifiers in the future. Among the regions, North America accounts for the largest regional share in the global Air Purifier market in 2018. Key factors driving the robust growth rate of North America region include rising healthcare expenditure, Increasing cognizance about various respiratory diseases, such as asthma and chronic obstructive pulmonary disease (COPD), Rising carbon dioxide emissions, augmenting vehicles sales, escalating greenhouse gases emissions, increasing use of air purifiers in hospitals, burgeoning development of innovative air purifiers, etc. are driving the demand of air purifiers in the market.
The global portable air purifier market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
The report titled, “Global Air Purifier Market – By Filter Type (HEPA, ION & Ozone, Activated Carbon, Electronic Precipitator, Others), By End User (Residential, Commercial, Automotive), By Region, By Country: 2018 World Market Review and Forecast to 2023” has covered and analysed the potential of Global Air Purifier Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global air purifier market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Regional Abstract Global Portable Air Purifier Market
Regionally, the global portable air purifier market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America region is estimated to garner largest share over the forecast period on the back of increasing awareness among the masses, along with high adoption of air purifier in industries. The market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period owing to the high pollution level in the developing countries, and rising government initiatives to curb pollution. India, Bangladesh, and China are the most polluted countries in the world. Further, the air purifier market in India is anticipated to display significant growth opportunities, backed by the rising concerns for air pollution in its states, especially in Northern India.
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
