According to a new market research report published by sheer analytics and insights, “The Global Air Purifier Market was $11.6 Bn in 2020, and it is expected to reach $46.1 Bn by 2031. It is eventually growing at a commendable high compound of annual growth rate CAGR of 12.6% between 2021-2031”, as per the latest market research report titled, Global Air Purifier Market - Industry analysis, size, share, growth, trends, and forecast, 2021-2031.
An air purifier is an appliance designed to clean the air in the office, home, cars, and factories. The device can purify the air from smoke, dust, odors, viruses, volatile organic compounds, gases, pollen, formaldehyde, and pet dander. It contains multiple or a single filter, and it has a fan that sucks air. When air passes through filters, then filters absorb the particles, and fresh and clean air is circulated. Generally, air purifiers are available in multiple technologies, but the major ones are high-efficiency particulate activated carbon and air. Air purifiers in commercial applications are expected to account for a majority market share. Double-digit growth rates are expected to drive the market share during the forecast period. Increasing stringent regulations for the industrial infrastructure and rising consumer awareness about air pollution will propel market growth. Rising industrialization and motorization have raised the pollution level at a rapid pace, which is expected to be a significant driver of the global market during the forecast period.
However, in this current pandemic of COVID-19, the Air Purifier market was affected much. It changes the growth rate graph slightly in the Air Purifier market. With the rising awareness after the covid-19 outbreak, people are spending more on air purification so that to be safe. Apart from that, the rising of the Air Purifier sector across the world is anticipated to offer a massive opportunity for market growth in the next forecast period of 2021 to 2031.
Geographically, The Air Purifier Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include IQAir, Honeywell International, Inc., Unilever PLC (Blueair), Koninklijke Philips N.V., Whirlpool Corporation, LG Electronics, Panasonic Corporation, Daikin Industries, Ltd., Aerus LLC, Hamilton Beach Brands, Inc., Camfil, Carrier, Trotec GmbH, EcoQuest, and LIFA air among others.
The Global Air Purifier Market Has Been Segmented into:
Global Air Purifier Market: By Technology
Global Air Purifier Market: By Application
Global Air Purifier Market: By Region