Dublin, March 20, 2023 (GLOBE NEWSWIRE) -- The "Residential Air Purification Equipment: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Residential Air Purification Equipment estimated at US$9.5 Billion in the year 2022, is projected to reach a revised size of US$15.9 Billion by 2030, growing at a CAGR of 6.7% over the analysis period 2022-2030.
Stand-Alone, one of the segments analyzed in the report, is projected to record 6.9% CAGR and reach US$12.6 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the In-Duct segment is readjusted to a revised 5.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 9.1% CAGR
The Residential Air Purification Equipment market in the U.S. is estimated at US$2.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6% and 5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6% CAGR.
Select Competitors (Total 125 Featured) -
- 3M Company
- Abatement Technologies, Inc.
- Airgle Corporation
- Alen Corporation
- AllerAir Industries Inc
- Amway Corporation
- Blueair AB
- Camfil AB
- Camfil Farr, Inc.
- Carrier Corporation
- Continental Fan Manufacturing Inc.
- Coway Co., Ltd.
- Daikin Industries, Ltd.
- Dyson Ltd
- Guardian Technologies LLC
- Hamilton Beach Brands, Inc.
- Honeywell International Inc.
- Hunter Pure Air
- IQAir
- KENT RO Systems Ltd
- Koninklijke Philips N.V.
- Lennox International, Inc.
- LG Electronics Inc.
- MANN+HUMMEL GMBH
- Newell Brands Inc.
- Sunbeam Products, Inc.
- Panasonic Corporation
- Panasonic Ecology Systems Co., Ltd.
- SANYO Electric Co., Ltd.
- Research Products Corporation
- Samsung Electronics Co., Ltd.
- Sharp Corporation
- Steril-Aire, Inc.
- Trion, Inc.
- Whirlpool Corporation
- White-Rodgers Company
- Xiaomi, Inc.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $9.5 Billion |
| Forecasted Market Value (USD) by 2030 | $15.9 Billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 Pandemic and Looming Global Recession
- COVID-19 Crisis Presents Opportunity for Residential Air Purification Systems
- COVID-19 Pandemic Elevates Role of Smart Air Purifiers
- Air Purifier with Impressive Efficacy of over 99.9% against COVID-19 Virus
- HEPA Air Purifiers Suitable for Protection Against COVID-19
- Pandemic Weakens Global Economic Environment, Triggering Negative Tide in GDP
- World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
- Residential Air Purification Equipment: A Prelude
- History and Evolution of Air Purifiers
- An Insight into Types of Air Purification Technologies
- Technologies and their Efficiencies in Removing Air Borne Contaminants
- Types of Air Filtration Technologies and their Advantages and Limitations
- Types of Air Purifiers
- Stand-Alone Purification Equipment
- Induct Air Purification Equipment
- Residential Air Purification Equipment: Addressing Indoor Air Quality Concerns
- Causes of Indoor Air Pollution
- Global Market Prospects & Outlook
- Standalone Air Purification Equipment Market Leads Global Market
- HEPA Filters to Fuel Revenue Growth
- Developed Regions Lead, Developing Economies to Spearhead Future Growth
- Competition
- An Intensely Competitive Marketplace
- Induct Air Purification Marketplace: Fragmented in Nature
- Key Factors Influencing Purchases of Air Purifiers
- Major Factors Responsible for Variation in Air Purifier Prices
- Dispersion of Knowledge: An Important Competitive Variable
- World Brands
- Recent Market Activity
- Residential Air Purification Equipment - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Deteriorating Indoor Air Quality amid Rising Pollution Levels in Residential Buildings: The Fundamental Growth Driver
- Major Indoor Pollutants: Brief Details of Pollutant, Source, and Impact on Health
- Global Indoor Air Pollution Related Fatalities by Health Condition (In %) for 2020E
- Air Pollution Levels Worldwide: Average PM2.5 Concentration (in g/m) in Select Countries for 2019
- Air Pollution Levels (PM10 ug/m3) for Major Countries Worldwide
- Global Carbon Dioxide (CO2) Emissions (in Billion Metric Tons): 2010-2019
- Countries with Highest Carbon Emissions Worldwide: Percentage Breakdown of Carbon Emissions by Country (in %) for 2020E
- With Climate Change and Wildfires Impacting Indoor Air Quality, Adoption of Air Purifiers Poised to Grow
- Trend towards Home Automation and Smart Homes Boosts Demand for Smart Air Purifiers
- Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
- Smart Home Penetration Rate (%) by Region/Country: 2020
- Select Smart Air Purifiers: A Review
- Few Players Operate in Smart Air Purifiers Market
- Alarming Rise in Incidence of Asthma and Allergies Spurs Demand for Air Purifiers
- Rising Prevalence of Asthma in Children Bodes Well for Air Purifiers Market
- HEPA Purifiers: Superior Attributes over Other Alternatives Drive Widespread Market Adoption
- Aging Population Vulnerable to Air-borne Allergies and Health Risks to Fuel Air Purifier Market
- Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
- Usage of Residential Air Purifiers Tends to Soar During Summer Season
- Technology Advancements to Boost Market Prospects
- A Review of Potential Air Purifier System Innovations
- Select Innovations in Air Purification Systems Market
- Influx of New Products Boosts Smart Air Purifiers Market
- Ventilation as Double-Edged Blade Popularizes 'AC + Air Filter' Formula for Indoor Air amid COVID-19
- Combination Technologies Offer Scope for Product Differentiation
- Eliminating Odors and Smoke Remain Key to Product Success
- Air Purifiers: A Must Have for Sufferers of Multiple Chemical Sensitivity Condition
- Regulatory Standards Spruce Up Sales of Air Purification Equipment
- Construction Activity Worldwide Signals Opportunities for Residential Air Purifiers Market
- World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
- E-Commerce Makes Rapid Inroads, Expands Growth Opportunities for Air Purifiers Market
- Demographic and Economic Trends Influence Market Prospects
- Ballooning Global Population
- World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
- Expanding Urban Population
- World Urban Population in Thousands: 1950-2050P
- Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
- Middle Class Population
- Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
- Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
- Key Factors Restraining Market Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/2ggppg
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