Global Residential Air Purifier Market: Asia-Pacific Is Likely To Dominate The Market With A Market Share Of 40% By 2024

By Goldstein Market Intelligence || 2018-02-03 3:35:40 AM

Global Residential Air Purifier Market: Asia-Pacific Is Likely To Dominate The Market With A Market Share Of 40% By 2024

According to Goldstein Research, “Increasing level of household air pollution and stringent regulations for maintaining (Indoor Air Quality) IAQ is boosting the residential air purifier market across the globe.”

Rising urbanization and growing awareness regarding the harmful impact of indoor air pollutants on health is likely to drive the demand of residential air purifiers over the forecast period. By improving indoor air quality, residential air purifiers reduce the risk of allergy and asthma.

Global Residential Air Purifier Market Outlook 2024”

Global Residential Air Purifier Market is segmented based on technology, product type and distribution channel. Product segment is further bifurcated into fume & smoke collector and dust collector. Dust collector is more preferred in countries due to its cost effectiveness and advantages over smoke collector air purifier.

Global fume & smoke collector market is expected to reach USD 5.62 billion by the end of 2024. Removal of wet & dry vapours, gasses from indoor environment is expected to boost the demand of fume & smoke collector in the near future. Rising demand for removing smoke from house hold environment is likely to bolster the fume & smoke collector market during the forecast period.

Geographically, Asia-Pacific is expected to witness significant growth rate due to rising indoor pollution and health risks in countries such as China, South Korea, Japan and India. Asia-Pacific is expected to occupy 35% revenue share of global residential air purifier market in 2024. Whereas, South Korea and China together is projected to hold 40% revenue share of Asia-Pacific residential air purifier market by the end of 2024.

Modern Filter Technology: HEPA

High efficiency particulate air (HEPA) is an emerging technology used in residential air purifier. High efficiency in eliminating particulate matter from air and odour is boosting the demand of residential air purifier based on high efficiency particulate air technology. HEPA filters are embedded with ultra-fine glass fibre media which can capture microscopic air pollutants. HEPA filters claims to remove 99.99% of particulate matter and impurities from air and keep indoor environment safe. This is the major factor which is bolstering the adoption rate of HEPA filters for residential air purifier across the globe.

Global Residential Air Purifier Market Outlook 2024” contains detailed overview of the global residential air purifier market in terms of market segmentation by technology, by product type and by distribution channel.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.

Global Residential Air Purifier Market Report also includes provides competitive outlook of some of the major players of the global residential air purifier market which includes profiling of companies 3M Corporation, Whirlpool Corporation, BlueAir, Daikin etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global residential air purifier market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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