Residential Air Purifiers Market Growth Factors, Trends, Segmentation, Regional Outlook, Future Plans And Forecast To 2029

Published: 2024-07-04
Views: 79
Author: kadambarimmr
Published in: SEO

Anticipated Growth in Revenue:

The Residential Air Purifiers Market size was valued at USD 4.16 Bn. in 2022 and the total Insulation revenue is expected to grow by 6.3 % from 2023 to 2029, reaching nearly USD 6.39 Bn.

Residential Air Purifiers Market Overview:

Residential air purifiers and air cleaners are essential devices that eliminate airborne contaminants such as dust, smoke, pollen, and pet dander to improve indoor air quality. The key component of these purifiers is the high-efficiency air filter. Residential air purifiers are mainly categorized into two types: stand-alone and in-duct systems. Stand-alone units are portable and designed to purify air in specific rooms, while in-duct systems work with central air conditioning and furnace systems to filter all the air in a home.

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Residential Air Purifiers Market Scope and Research Methodology:

This report provides a comprehensive understanding of the residential air purifiers market, helping businesses formulate growth strategies. It includes insights from marketing channels and industry positioning to potential growth strategies, offering detailed analysis for new entrants and existing players. The study examines recent, ongoing, and future market changes, presenting simple analyses of complex data. It includes results from PORTER and PESTEL analyses and potential outcomes of microeconomic market factors. Decision-makers will gain a clear futuristic perspective after considering internal and external factors influencing the market.

The report's market segmentation analysis and market size forecast help investors understand the market's dynamics and structure. It serves as a buyer's guide, providing a comparative analysis of top residential air purifier companies based on price, financial position, product portfolio, growth strategies, and regional presence.

Residential Air Purifiers Market Dynamics:

In many regions, including the U.S., poor indoor air quality persists due to factors like ozone and particulate pollution. Dust, pollen, and pet dander trigger allergies, necessitating frequent cleaning. Effective residential air purifiers can mitigate the spread of bacteria and viruses, with some models being 99% effective in killing germs. The Center for Disease Control and Prevention prioritizes preventing healthcare-associated infections, highlighting the need for improved indoor air quality in healthcare facilities. Increasing industrialization, strict environmental protection legislation, and growing awareness of pollution control positively impact market growth, particularly in the U.S. HEPA technology, proven most effective for capturing harmful airborne particles, is expected to dominate the market. The U.S. is anticipated to be one of the most polluted nations, further driving the residential air purifier market.

Residential Air Purifiers Market Segmentation:

by Technology Insights

1.High Efficiency Particulate Air (HEPA)
2. Activated Carbon
3. Ionic Filters
4. Others

by Application Insights

1. Residental
2.Industrial
3. Commercial
3.1 Retail Shops
3.2 Offices
3.3 Healthcare Facilities
3.4 Hospitality
3.5 School
3.6 Educational Institutions
3.7 Laboratories
3.8 Transport
3.9Others

by Type

1. Stand-alone
2.Duct

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Residential Air Purifiers Market Key Players:

1. Daikin Industries Ltd..(Japan)
2. Sharp Corporation(Japan)
3. Panasonic Corporation(Japan)
4. Honeywell International Inc.(US)
5. Whirlpool Corporation(US)
6. Dyson(US)
7. Alen Corporation(US)
8. Airgle Corporation(US)
9. Hunter Pure Air(US)
10.Samsung Electronics Co. Ltd.(South Korea)
11.WINIX Co. Ltd.(South Korea)
12.LG Electronics Inc.(South Korea)
13.Koninklijke Philips N.V.(Netherlands)
14.Unilever Group(UK)
15.AllerAir Industries Inc.(Canada)
16.IQAir(Switzerland)
17.Xiaomi Corporation(China)
18.Camfil AB(Sweden)
19.Kent RO Systems Ltd.(India)
20.HSIL Limited(India)

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Residential Air Purifiers Market Regional Insights:

The Asia Pacific region accounted for approximately 41.1% of global sales in 2022, driven by factors like increasing disposable income, urbanization, and industrialization. Rising smog and air pollution incidents in countries like China and India are expected to boost regional market growth. In North America, the market is projected to grow at a CAGR of 7.2%, with new business opportunities arising from air quality regulations and comprehensive emission reduction programs. The demand for air purifiers in Mexico is expected to rise due to the installation of ambient air quality monitoring systems and public awareness initiatives.

Key Questions answered in the Residential Air Purifiers Market Report are:

• What was the Residential Air Purifiers Market size?
• What is the expected Residential Air Purifiers Market size by Forecast Period?
• What are the Residential Air Purifiers Market segments?
• Which Residential Air Purifiers Market segment is expected to grow rapidly during the forecast period?
• Which are the prominent players in the Residential Air Purifiers Market Industry?
• What key trends are expected to emerge in the Residential Air Purifiers Market during the forecast period?
• Which region dominated the global Residential Air Purifiers Market?

Key Offerings:

• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size & Forecast by different segment
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segments with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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