Air Purifier Market Methodology:
The global air purifier market is expected to grow from USD 16.38 billion in 2023 to USD 41.19 billion by 2032, at a CAGR of 10.79% during the forecast period (2024–2022).
Introspective Market Research offers comprehensive Air Purifier Market research studies, providing valuable insights and strategic guidance to businesses worldwide. We ensure reliability and accuracy in our reports for informed decision-making.
The keyword market research study ensures the highest level of accuracy and reliability as we precisely examine the overall industry, covering all the market fundamentals. By leveraging a wide range of primary and secondary sources, we establish a strong foundation for our findings. Industry-standard tools like Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis further enhance the comprehensiveness of our evaluation.
Our study also discusses the complete keyword market ecosystem, explaining the various market stakeholders, their functions, and the interdependencies between them. Further, with an emphasis on comprehensive segmentation analysis and geographical coverage, the study enables a profound understanding of regional trends. Moreover, we explore external factors, providing a comprehensive view of market dynamics.
Air Purifier Market Dynamics:
A number of governments have implemented strict indoor air quality regulations and standards in an effort to reduce air pollution, which is anticipated to drive growth in the market over the course of the projected period. Furthermore, throughout the course of the forecast period, global efforts by governments and non-governmental organizations (NGOs) to reduce air pollution are anticipated to fuel market expansion. For example, the Indian government spent over $125,000 to buy over 300 air purifiers that would be placed throughout the nation's capital. Governments in a number of countries have imposed lockdowns in an effort to stop the COVID-19 virus from spreading. Consequently, laws that encourage stay-at-home and work-from-home labor have raised demand for air purifiers.
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Air Purifier Market Segmentation:
By Technology
- HEPA
- Activated Carbon
- Ionic Filters
By Application
- Commercial
- Residential
- Industrial
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Air Purifier Market Key Players:
- Daikin Industries Ltd. (Japan)
- Sharp Corporation (Japan)
- Honeywell International Inc. (US)
- Samsung Electronics Co., Ltd. (South Korea)
- LG Electronics Inc. (South Korea)
- Koninklijke Philips N.V. (Netherlands)
- Dyson (UK)
- Unilever Group (UK)
- Panasonic Corporation (Japan)
- Whirlpool Corporation (US)
- AllerAir Industries Inc. (US)
- IQAir (Switzerland)
- Winix Co. Ltd. (South Korea)
- Xiaomi Corporation (China)
- Camfil AB (Sweden)
- Airpura Industries Inc. (Canada)
Air Purifier Market Regional Analysis:
The market for air purifiers is dominated by Asia Pacific. A growing population with more disposable money and rapid urbanization and industrialization were among the numerous factors that caused Asia Pacific to lead the market and account for over 40 percent of global sales in 2021. In addition, it is anticipated that rising levels of smog and air pollution, especially in countries like China and India, will increase the need for air purifiers and support regional market growth. A number of factors, including escalating industrialization, government regulations, and growing urbanization, have damaged South Korea's natural equilibrium and reduced air quality. Growing public awareness of the diseases and health hazards linked to exposure to dangerous particles at home or at work is anticipated to accelerate the country's market expansion.
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Company Profiles and Competitive Analysis:
COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- Air Purifier Market Share By Manufacturer (2022)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- ARIEL CORPORATION
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves and Recent Developments
- SWOT Analysis
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