According to a new market report published by Credence Research Inc., “Residential Air Purifier Market (By Product Type (Stand-alone Water Purifiers and In-duct Water Purifiers), By Sales Channel (Direct Retail Sales, On-line Sales), By Technology (HEPA, Electrostatic Precipitators, and Ionizers & Ozone Generators)) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2017 – 2025”, the global market for residential air purifiers is expected to expand at a double digit CAGR between the forecast period 2017 – 2025.
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Product and Market Insights
An air purifier is a device which eliminates contaminants/pollutants from the air. Although air purifiers are used to guard ventilation equipment, their main role is to improve indoor air by eliminating contaminants, thereby safeguarding health of people. Gone are the days when air purifiers were positioned as luxury products. Today, residential air purifiers are generally marketed as utility products beneficial to asthmatics and allergy sufferers. The global residential air purifiers market is presumed to gain momentum with rising awareness regarding hazardous effects of indoor air pollution on health and benefits offered by state-of-the-art purifiers. In addition, several initiatives taken by the governments’ across the globe to promote awareness regarding measures that need to be taken for preventing air-borne diseases is further supporting demand for air purifiers among residential owners. Such initiatives have made them duly aware about the consequences of inhaling untreated air, thereby driving market forward. On the contrary, high upfront cost of state-of-the-art variants has somewhat restricted adoption of air purifier adoption, especially among rural population in emerging economies. Manufacturers are hence forced to develop low cost variants.
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Technology Insights:
Based on technology, the global residential air purifier market is classified into three major categories, namely: HEPA, Electrostatic Precipitators, and Ionizers & Ozone Generators. Among these, HEPA-based air purifiers led the overall residential air purifiers market. The dominance can be majorly credited to their capability to remove up to 99.97% of particles of size as small as 0.3 µm. In addition to trapping and removing pollutants efficiently, these purifiers are widely available among retailers and also offer benefits in terms of size and portability.
Competitive Insights:
Some of the leading players identified in the global air purifiers market include Daikin Industries, Ltd., Sharp Corporation, Honeywell International, Inc., LG Electronics Inc., Camfil AB, Whirlpool Corporation, AllerAir Industries, Inc., Blueair AB, Panasonic Corporation, Jarden Consumer Solutions (Europe) Limited, Koninklijke Philips N.V., 3M, EcoQuest International, IQAir, Rabbit Air, and WINIX Inc. among others.
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Table of Content
Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
Executive Summary
2.1. Global Residential Air Purifier Market Snapshot
Global Residential Air Purifier Market Analysis
3.1. Global Residential Air Purifier Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.4. See-Saw Analysis
3.5. Value Chain Analysis
3.6. Attractive Investment Proposition
3.7. Market Positioning of Key Industry Participants
3.7.1. Major Strategies Adopted
3.7.2. Analyst Recommendations
Global Residential Air Purifier Market Revenue, By Type , 2015 – 2025 (US$ Bn)
4.1. Comparative Analysis
4.2. Stand-alone Residential Air Purifiers
4.3. In-duct Residential Air Purifiers
Global Residential Air Purifier Market Revenue, By Sales Channel , 2015 – 2025 (US$ Bn)
5.1. Comparative Analysis
5.2. Direct Retail
5.3. Online
Global Residential Air Purifier Market Revenue, By Technology, 2015 – 2025 (US$ Bn)
6.1. Comparative Analysis
6.2. HEPA
6.3. Electrostatic Precipitators
6.4. Ionizers & Ozone Generators
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