Dublin, Feb. 17, 2023 (GLOBE NEWSWIRE) -- The "Residential Air Purifiers Market Analysis by Technology, by Type, and by Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The residential air purifiers market size is estimated to be USD 11.14 billion in 2021 and is expected to witness a CAGR of 10.41% during the forecast period 2022-2029.
Companies Mentioned
- 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)
- Airgle Corporation (US)
- Hunter Pure Air (US)
- Kent RO Systems Ltd. (India)
- SHIL Limited (India)
- IDEAL Krug & Priester GMBH & Co. KG (Germany)
- Havells India Ltd. (India)
- Molekule (US)
- Carrier Global (US)
- Coway CO. Ltd. (South Korea)
The rising demand for smart homes, supportive government rules for better air pollution monitoring and control, enhancing public-private funding for effective air pollution monitoring, surging levels of air pollution worldwide, and increasing public awareness about the health and environmental consequences of air pollution are projected to drive the market growth in near future.
However, rising cost of these devices and technological constraints associated with air quality monitoring equipment are expected to restrain the market growth.
By Technology
Based on technology, the market is bifurcated into high efficiency particulate air (HEPA) and others technologies. In 2021, the high efficiency particulate air (HEPA) segment accounted for the highest revenue share owing to the increased awareness of environmental protection and the growing public awareness of the health consequences of air pollution has led in greater use of HEPA technology in the domestic air purifiers industry.
By End user
On the basis of end user, the market is bifurcated into in-duct air purifiers and portable/stand alone purifiers. In 2021, the portable/stand alone purifiers segment accounted for the highest revenue share due to the increasing acceptance of smart homes and ambient residential care, improving public knowledge of the health consequences of air quality, and the requirement to eliminate sources of allergies or contaminants from ambient air.
Regional Markets
In 2021, Asia Pacific region accounted for the highest revenue in the residential air purifiers market and is expected to maintain its dominance during the forecast period.
This is attributed to rapid implementation of smart indoor air quality monitoring technologies, continuous technological advancements in the field of particulate sensors, increasing public-private funding and investments, and the existence of supportive government regulations.
Competitor Insights
Some of the key players operating in the residential air purifiers market are 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), Airgle Corporation (US), Hunter Pure Air (US), Kent RO Systems Ltd. (India), SHIL Limited (India), IDEAL Krug & Priester GMBH & Co. KG (Germany), Havells India Ltd. (India), Molekule (US), Carrier Global (US), and Coway CO., Ltd. (South Korea).
Key Topics Covered:
1. Research Methodology
2. Introduction: Residential Air Purifiers
3. Executive Summary
3.1.Global Market Scenario
3.2.Segment Market Scenario
3.3.Geographic Market Scenario
3.4.COVID-19 Impact
3.5.Competitive Landscape
4. Market Dynamics
4.1. Market Drivers
4.2.Market Restraint
4.3.Market Opportunities
4.4.Market Trends
4.5.Market Challenges
5. Market Environment Analysis
5.1.Porter's 5 Forces Analysis
5.2.PESTEL Analysis
5.3.Value Chain Analysis
5.4.SWOT Analysis
5.5.Benchmark
6. COVID-19 Impact Analysis: Residential Air Purifiers Market
6.1.COVID-19: Overview
6.2.COVID-19 Impact on the Global Market
6.3.COVID-19 Impact on the Regional Markets
7. Market Analysis by Technology
7.1.High Efficiency Particulate Air
7.1.1.High Efficiency Particulate Air Market Forecast, 2021-2029 (USD Million)
7.2.Other Technologies
7.2.1.Other Technologies Market Forecast, 2021-2029 (USD Million)
8. Market Analysis by End User
8.1.In-duct Air Purifiers
8.1.1.In-duct Air Purifiers Market Forecast, 2021-2029 (USD Million)
8.2.Portable/Stand Alone Purifiers
8.2.1.Portable/Stand Alone Purifiers Market Forecast, 2021-2029 (USD Million)
9. Regional Market Analysis
9.1.Regional Market Trends
9.2.Regional Market: Comparative Analysis
10. North America Residential Air Purifiers Market
11. Europe Residential Air Purifiers Market
12. Asia Pacific Residential Air Purifiers Market
13. Latin America Residential Air Purifiers Market
14. MEA Residential Air Purifiers Market
15. Competitor Analysis
15.1.Market Share Analysis, 2021 & 2029
15.2.Competitive Mapping
15.3.Key Players Market Place Analysis
15.4.Major Recent Developments
16. Company Profiles
17. Conclusion & Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/323pjd-air?w=12
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