Air Purifier Market Growth Opportunities, Current Trends 2025 by Panasonic Corporation, Blueair, IQAir

Global air purifier market is valued at approximately USD 8.2 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 10.6% over the forecast period 2018-2025. Increasing awareness about environmental degradation and government efforts to promote sustainable development are some key trends that are responsible for the wide adoption of air purifier globally.
Global air purifier market is majorly driven by government policies and initiatives to reduce air pollution. As per the United States Environmental Protection Agency (EPA), the act named ‘Clean Air Act’ was introduced in 1990 to set National Ambient Air Quality Standards for pollutants considered harmful to public health and environment.

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The Major Market Player Included in This Report are: 

Koninklijke Philips N.V., Honeywell International Inc, Sharp Corporation, COWAY Co., LTD., Panasonic Corporation, Blueair AB, IQAir AG, Camfil AB, Samsung Electronics Co. Ltd. , Whirlpool Corporation

The Act indicates two types of national ambient air quality standards. Primary standards offer public health protection, including protecting the health of population such as elderly, children and asthmatics. Also, the secondary standards offer public welfare protection that includes protection against damage to animals, crops, vegetation, and building. Similarly, as per the World Bank Organization in June 2018, China is the world’s largest emitter of greenhouse gases. Concerned with the adverse environmental and health consequences of air pollution, the Government of China is actively working to implement the series of mitigation plans. To support this, in March 2016 the World Bank has approved funds of $500 million as a loan to China to control air pollution across the country. These investments would support technological advancements in sensor technology. As a result, the demand & adoption of air purifier would increase thereby, aiding the growth of the market over the forecast period of 2018-2025. However, high cost and release of byproducts is the major factor that impedes the growth of the Air Purifier market over the forecast period.

This market research report administers a broad view of the Air Purifier market on a global basis, presenting a forecast and statistics in terms of revenue during the forecast period. It covers an illustrative study with detailed segmentation, complete research and development history, latest news and press releases. Additionally, it demonstrates the future aspects and portrays a sketch of the key players involved in the Air Purifier market’s growth in terms of revenue.

The report contains imperative and pivotal details affecting the developments and growth of the market and also talks about the restricting factors that may restrain the Air Purifier market growth during the forecast period. Segmentation of the market is examined specifically to provide knowledge for supplementary market investments. Segmentation of the market on the basis of Administration and Application are elucidated in details portraying a descriptive structure of the market trends and restrictions affecting the Air Purifier market through the segments and sub-segments.

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The report also provides the market size and estimates a forecast from the year 2018 to 2025 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America providing an exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors affecting the Air Purifier market.

The report also analyzes the factors affecting Air Purifiers market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.

Reasons to Buy the Report:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Air Purifier Market
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Air Purifier Market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

What the report features:-

  • Global analysis of Air Purifier market from 2018 – 2025 illustrating the progression of the market.
  • Forecast and analysis of Air Purifier market by Type by Application and Regional Forecasts 2018-2025
  • Forecast and analysis of Air Purifier market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America

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Posted by on Friday September 13 2019, 1:02 AM EDT. All trademarks acknowledged. Filed under Apparel, Baby Care, Business & Financial Services, Business Services, Consumer & Retail, Consumer Electronics, Featured Press Release, Household, Luxury Goods, Retail, Travel & Leisure. Comments and Trackbacks are open. Follow responses: RSS 2.0

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